PB Fintech (POLICYBZR) investor relations material

Executive summary

• Consolidated operating revenue rose 40% year-on-year to ₹1,888 crore, with insurance premium up 41% to ₹8,372 crore and PAT up 92% to ₹163 crore, reflecting strong growth in both insurance and lending segments.

• Core insurance revenue grew 46% and core credit revenue grew 25% year-on-year; credit disbursement rose 31% to ₹4,366 crore.

• PAT margin improved from 6% to 9% YoY, with core renewal/trail revenue on a 12-month rolling basis up 38% to ₹1,003 crore.

• Over 500,000 advisors, with active partner count up 55% year-on-year to 1.13 lakh; 78% of GWP from Tier 2 and 3 cities.

• Core online businesses and new initiatives, including international operations in the UAE, showed accelerating momentum.

Financial highlights

• Insurance premium: ₹8,372 crore, up 41% year-on-year; operating revenue: ₹1,888 crore, up 40% year-on-year.

• PAT: ₹163 crore, up 92% year-on-year; PAT margin at 9%.

• Adjusted EBITDA increased 109% YoY to ₹186 crore; EBITDA margin rose to 10%.

• Earnings per share (basic) for Q1FY27 stood at ₹1.85, compared to ₹0.91 in Q1FY26.

• Five-year revenue CAGR at 51%, with PAT margin improving from -47% to +9%.

Outlook and guidance

• Renewals growth expected to outpace fresh growth, with renewals projected to grow above 50% for the next year.

• Focus on expanding insurance and credit penetration, especially in under-served Tier 2 & 3 cities.

• Scaling secured credit and wealth platforms, with new product launches in mutual funds and daily SIPs.

• AI and technology integration expected to further enhance efficiency, risk management, and customer experience.

• Targeting annual run rate of ₹500 crore and break-even for PB Health by March 2027.