Operating revenue rose 40% YoY to Rs 1,888 crore. The company said total insurance premium grew 41% YoY to Rs 8,372 crore. Growth was led by the protection business, which includes health and term insurance. New protection premium rose 53% YoY, while new health insurance premium grew 59%.
PB Fintech said its core online insurance premium grew 41% YoY in Q1FY27. Core new insurance premium, excluding the savings business, rose 48%. Including savings, core new insurance premium grew 39%.
The company said growth, excluding the savings category, has stayed above 34% YoY for 13 straight quarters. Core insurance revenue rose 46% YoY during the quarter. The company also said its insurance customer satisfaction score remained above 90%, supported by improvements in customer onboarding and claims support.
PB Fintech said its core renewal and trail revenue on a 12-month rolling basis stood at Rs 1,003 crore, up from Rs 725 crore in the same quarter last year. This was a 38% rise, led by 55% growth in the insurance segment.
Quarterly core insurance renewal revenue was at an annual recurring revenue run-rate of Rs 999 crore, up from Rs 673 crore in Q1 last year. The company said renewal revenue is a key driver of long-term profit growth.
PB Fintech’s total lending disbursal for the quarter stood at Rs 4,366 crore. Core lending disbursal rose 33% year-on-year to Rs 2,776 crore. Core credit revenue increased 25% year-on-year to Rs 127 crore.The company said core credit disbursal and revenue have grown for four straight quarters. New initiatives business continued to grow, with Q1FY27 revenue rising 35% YoY. Adjusted EBITDA margin in new initiatives improved to negative 5% from negative 6% a year earlier. Contribution margin stood at 7%.
PB Partners, the company’s agent aggregator platform, remained a key part of the new initiatives business. It had more than 5 lakh advisors, while active partner count rose 55% year-on-year to 1.13 lakh in Q1FY27.
