- Total insurance premium increased 41% year-on-year to Rs 8,372 crore, driven by 53% growth in the core online new protection business. New health insurance premium rose 59% YoY, according to the company.
- Consolidated operating revenue grew 40% YoY to Rs 1,888 crore. Core insurance revenue increased 46%, while core credit revenue rose 25%.
- Core renewal/trail revenue on a 12-month rolling basis rose 38% YoY to Rs 1,003 crore from Rs 725 crore. Quarterly core insurance renewal revenue reached an annualised run rate (ARR) of Rs 999 crore, up 48% from Rs 673 crore a year ago.
- Core new insurance premium, excluding the savings business, increased 48% YoY, while core new insurance premium, including savings, rose 39%. Excluding the savings category, the company reported more than 34% year-on-year growth for 13 consecutive quarters.
- The company’s insurance customer satisfaction (CSAT) score remained above 90% during the quarter.
- Core credit revenue increased 25% YoY to Rs 127 crore, while core lending disbursals rose 33% YoY to Rs 2,776 crore. The company reported growth in both core credit disbursals and revenue for the fourth consecutive quarter.
The stock ended at Rs 1,620 (NSE), up 1.44 per cent from its previous closing on Wednesday.
