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Published on
October 30, 2025
5 min read
PB Fintech Shares Surge on Strong Q2 Insurance Growth and Profitability Turnaround
In Focus
- PB Fintech Q2 insurance growth lifts shares 5% on strong results
- Record premium surge boosts India’s digital insurance momentum
- Profit jumps 165% YoY, marking a clear profitability turnaround
- CEO Yashish Dahiya underscores strength in digital insurance
PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a strong fiscal second quarter (Q2 FY26), triggering a 5% rise in its shares on the Bombay Stock Exchange, according to Business Standard.
The company’s performance underscored the strength of India’s expanding online insurance segment, led by solid gains in protection and health products.
The company recorded consolidated revenue of approximately ₹1,614 crore, marking a 38% year-over-year increase. Net profit reached ₹135 crore, representing a 165% jump compared to the same quarter last year.
The results reflect what drove PB Fintech Q2 insurance growth, a significant rise in digital insurance penetration across India’s Tier 2 and Tier 3 cities. Earlier this year, PB Fintech, the parent company of Policybazaar and Paisabazaar, had invested ₹539.4 crore in its healthcare subsidiary, PB Healthcare Services.
Insurance Segment Drives Growth
PB Fintech’s insurance business continues to outperform expectations. Total premiums stood at around ₹7,605 crore during the quarter, up 40% year-on-year and 15% sequentially. Within this, the new protection business, comprising health and term insurance, expanded 44%, while health insurance alone surged by nearly 60%. On 26 June, 2025, shares of PB Fintech Ltd declined in Thursday’s trade following large block deals on the NSE.
Analysts attribute the performance to sustained momentum in the Indian online insurance market PB Fintech dominates, supported by rising awareness and favorable digital adoption trends post-pandemic.
Key growth indicators:
- Total premium: ₹7,605 crore (up 40% YoY)
- Health insurance growth: 60% YoY
- Protection business growth: 44% YoY
- 12-month trailing renewal/trail revenue: ₹774 crore (up 39% YoY)
Credit Business Lags Behind
While the insurance division drove most of the company’s performance, PB Fintech’s lending marketplace, Paisabazaar, saw a temporary decline. Credit business revenue dropped about 22% year-over-year, though it rose 4% sequentially, indicating gradual recovery in demand for unsecured loans.
Analysts noted that despite the short-term dip, improved underwriting practices and partnerships with major financial institutions could aid recovery in the coming quarters.
“We’re focused on quality growth in the credit segment,” Dahiya stated on the call. “The priority remains profitability, even if it means slower top-line expansion in the short term.”
Analyst Outlook and Industry Impact
Market analysts maintained a cautiously optimistic stance. According to Nuvama Institutional Equities, PB Fintech’s strong insurance momentum justifies its premium valuation, though the brokerage retained a “Reduce” rating due to elevated pricing levels (Business Standard).
The broader B2B and fintech ecosystem views PB Fintech’s trajectory as a signal of digital maturity in India’s insurance space. Sustained PB Fintech insurance premium growth highlights how online aggregators are reshaping distribution efficiency, customer engagement, and data-led underwriting for insurers.
What It Means for India’s Fintech Sector
PB Fintech’s turnaround reflects a broader shift toward profitable scaling in India’s fintech landscape. As digital insurance platforms move from user acquisition to monetization, the company’s success demonstrates the viability of sustainable online insurance models in emerging markets.
Industry experts suggest that the combination of recurring renewal revenue, higher protection adoption, and policyholder retention will continue to define PB Fintech’s growth narrative. The results also show how online insurance growth is benefiting PB Fintech, establishing a benchmark for peers exploring digital-first insurance and lending channels.
