PB Fintech Q3 Net Profit Soars 165% to ₹189 Crore on Robust Insurance Growth

• PB Fintech, parent of Policybazaar and Paisabazaar, reported a net profit of ₹189 crore in Q3, a 165% increase from ₹71 crore last year.
• Revenue grew 37% year-on-year to ₹1,771 crore, driven by a 45% rise in total insurance premium to ₹7,965 crore.
• Core online new protection segment saw premiums jump 68% YoY, with new health insurance premiums up 79% YoY.
• Lending segment disbursals increased 84% YoY to ₹9,986 crore; core online credit disbursals were ₹2,470 crore.
• PB Partners, the agent aggregator platform, expanded to over 400,000 advisors and 19,000 pin codes, covering 99% of India.

Why It Matters: PB Fintech achieved significant Q3 profit growth, fueled by strong insurance premium and lending segment expansion.