PB Fintech earnings calls.

PB Fintech delivered another exceptional quarter with new insurance premium growth of 67%Current 67%. Reported change: +67% YoY. YoY in Q4 FY26, driven by strong momentum in health (+68% for FY26) and term insurance. Total premium crossed INR 29,934 croreCurrent reported value: INR 29,934 crore. No comparable prior figure is available in the source record. while operating revenue reached INR 6,794 crore (FY26) and INR 2,000 crore in Q4. The company's renewal revenue ARR stands at INR 1,126 croreCurrent INR 1,126 crore. Reported change: +63% YoY. (63% YoY growth), demonstrating strong profitability visibility. Paisabazaar achieved EBITDA breakeven this quarter with improving CSAT to 90%. Management remains focused on growth and quality over near-term margins, with guidance of ~30% growth they expect to beat easily in FY27. Key risks include potential commission regulation changes (though no formal regulator communication), sustainability of 60%+ health growth, and capital allocation decisions. The company's claims experience differentiation (only 5% of customers file multiple claims) and sub-80% loss ratios position it as the industry's most profitable book.