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.
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.
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