PB Fintech, the parent company of online insurance platform PolicyBazaar, registered a 92% increase in net profit for the first quarter of FY27 and revenue rose by 40% during this period.
The net profit for the first quarter came in at Rs 163 crore as compared to Rs 85 crore a year ago.
The revenue during this period stood at Rs 1,888 crore as against Rs 1,348 crore in the first quarter of FY26.
The company which has two main lines of businesses, insurance and credit, said the total insurance premium for the first quarter was Rs 8,372 crore which was a 41% year-on-year (YoY) increase.
PB Fintech noted that the growth in core online new protection business was 53% YoY and it was a 59% YoY rise in the new health insurance segment.
