Policybazaar parent PB Fintech's Q2 FY25 profits soar on the back of insurance premiums

Quick Summary:

During the quarter, Policybazaar parent PB Fintech reported total insurance premiums at Rs 5,450 crore, with core online insurance premiums up by 61% and new health and life insurance premiums rising an impressive 69% YoY.

Meanwhile, advertising and promotion expenses, the second-largest cost, climbed 12.38% YoY to Rs 278 crore.

PB Fintech’s total expenses rose 30.44% to Rs 1,213 crore in Q2, up from Rs 930 crore a year ago.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Terms Quarter Company Revenue Growth Credit Insurance Privacy Fintech Premiums Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:03:27 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

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News ID: 23435143

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