Internet Software & Services company PB Fintech announced Q2FY26 results Scale: Insurance Premium annualized at Rs 30,420 crore, up 40% YoY. Core Online Insurance Premium up 34% o New Protection (Health + Term Insurance) Premium up 44% 2. Financials: Operating Revenue Rs 1,614 crore, up 38% o Adjusted EBITDA grew 180% YoY to Rs 156 crore; from 5% margin to 10% YoY. PAT grew 165% to Rs 135 crore (1.77% of Insurance Premium) Management commentary: Our Total Insurance Premium for the quarter was Rs 7,605 crore, up 40% YoY & 15% QoQ, led by growth in online new protection business at 44% YoY (health insurance at 60%). Consolidated operating revenue grew 38% YoY to Rs 1,614 crore for the quarter (Core Insurance revenue up 36% YoY; Core credit revenue down 22% YoY, however it has bottomed out with a 4% QoQ growth). Our renewal / trail revenue on a 12-month rolling basis is at Rs 774 crore, up from Rs 556 crore last year same quarter, a 39% growth led by growth of 47% in the insurance segment. The quarterly insurance renewal revenue is at an ARR of Rs 758 crore up from Rs 516 crore Q2 last year. This is a key driver of long-term profit growth. Steady growth continues for Core New Insurance Premium (net of Savings business) at 39% YoY. Savings continues to be stressed against the high base of Q2 last year. Excluding savings category, we have been growing between 35%-45% for the last ten quarters. We continue to improve our customer onboarding & claims support services and Insurance CSAT is consistent at 90.5%. Our credit revenue for the quarter is Rs 106 crore and disbursal is Rs 2,280 crore for the core online business. We further strengthened our leadership in New initiatives with revenue growth of 61% YoY, adjusted EBITDA margin moving from -12% to -4%, with 5% contribution. PB Partners, our agent aggregator platform, consolidated its leadership & accelerated growth momentum with over 380k advisors. We have moved the business increasingly towards smaller and higher quality advisors. Most diversified across different lines of businesses. Present in 19k pin codes across India, covering 99% of pin codes in India – driving growth in Tier 4 & 5 towns. Our UAE Insurance premium grew 64% YoY & aligning more towards health & life insurance, similar to our India business. We have unique value proposition of cross-border health insurance products & claims assurance program for motor insurance. This business is now consistently profitable for three quarters. Our consolidated PAT for PB Fintech grew 165% YoY to Rs 135 crore (from 4% to 8% margin) in Q2FY26. This is 1.77% of the insurance premium. To summarize our performance since our public listing in Nov 2021: Revenue grew at a CAGR of 55% from Rs 280 crore in Q2 FY22 to Rs 1,614 crore in Q2FY26. PAT margin grew from -73% in Q2FY22 to 8% in Q2FY26. Result PDF