Policybazaar parent records 5.5X growth in net profit in FY25 as insurance premiums rise

Policybazaar and Paizabazaar's parent company PB Fintech reported a 38% year-on-year increase in consolidated operating revenue for the fourth quarter of FY25, reaching Rs 1,508 crore. Core insurance revenue grew 46% while core credit revenue declined 21% during the quarter.

Quarterly insurance premiums stood at Rs 7,030 crore, up 37% YoY, “led by growth in new health,” the company said in its earnings release. Renewal and trail revenue reached an annualised run rate of Rs 817 crore, up 42% from Rs 577 crore in the same quarter last year, which the company described as “a key driver of long-term profit growth.”

PB Fintech reported a full-year profit after tax (PAT) of Rs 353 crore, a 5.5X increase from Rs 64 crore in FY24, with the PAT margin rising from 2% to 7%.

Operating revenue for FY25 rose 45% to Rs 4,977 crore. The company stated, “Steady growth continues for core new insurance premium (net of savings business) at 38% YoY for the quarter,” adding that the growth rate has “ranged around +-5% of 40% for the last 8 quarters.”

(More details to follow.)