Revenues of PB Fintech, the parent company of Policybazaar, surge by 33 percent, reaching INR 1,348 crore in the first quarter of the fiscal year 2025-26.
In a recent financial update, PB Fintech, the parent company of Policybazaar and Paisabazaar, showcased impressive growth across its various business units.
The company's credit business reported a quarterly revenue of Rs 102 crore, while loan disbursals through PB Fintech's online platforms reached Rs 2,095 crore. These new initiatives now contribute about 5% to consolidated revenues, with revenue from these initiatives rising approximately 50% year-on-year.
In the insurance sector, core online insurance premium grew 35% year-on-year, with the quarterly insurance premium standing at Rs 6,616 crore, up 36% year-on-year. Core online insurance revenue reached Rs 732 crore, marking a 37% year-on-year increase. New protection premium, comprising health and term insurance, surged 46% during the same period. The growth in new health insurance sales was a significant 65%.
The growth in the UAE is driven by an increasing focus on health and life products. PB Fintech's UAE insurance premium grew 68% year-on-year, reflecting the company's expanding footprint in the region.
Operating revenue rose 33% year-on-year to Rs 1,348 crore. Notably, on a 12-month rolling basis, renewal/trail revenue grew 43% to Rs 725 crore, and quarterly renewal revenue reached an annualized run rate (ARR) of Rs 673 crore, reflecting a 47% year-on-year increase.
PB Fintech also reported a 347% year-on-year jump in profit after tax (PAT) to Rs 85 crore. Adjusted EBITDA margins improved from -12% to -6%.
PB Partners, the company's agent aggregator platform, operates with over 350,000 advisors, who are spread across 19,000 pin codes in India. However, there are no relevant search results that directly identify the person or organization behind the founding of PB Partners.
The strong financial performance of PB Fintech underscores its commitment to providing comprehensive financial services, including car insurance quotes and IRS assistance, to its customers and its continued growth in the Indian and international markets.
