{"id":242264,"date":"2026-09-11T08:54:43","date_gmt":"2026-09-11T03:24:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=242264"},"modified":"2026-09-11T08:54:43","modified_gmt":"2026-09-11T03:24:43","slug":"insurtech-stock-rises-136-percent-in-3-years","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/","title":{"rendered":"This Insurtech Stock Rises 136% in 3 Years: From Losses to a Rs 670 Crore Profit"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CMP approximately Rs 1,800 (10 Sep 2026). 3-year return 135.71%. 52W range Rs 1,364 to Rs 1,964.20. Market cap approx Rs 83,253 Cr. Q1 FY27 PAT Rs 163 Cr, up 92%.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">PB Fintech (Policybazaar) is the insurtech stock behind a 3-year return of approximately 136%. The rise came from a turnaround from a Rs 488 crore loss in FY23 to a Rs 670 crore profit in FY26, with revenue growing about 2.7 times. The 1-year return is only 5.7% because of commission worries and stake sales, and the stock trades at a PE near 111.<\/p>\n<\/div>\n<p>This insurtech stock has turned Rs 1 lakh into approximately Rs 2.36 lakh in three years. One online insurance marketplace delivered a 3-year return of 135.71%, ranking 35th in a screen of 101 large-cap and mid-cap NSE shares as of 10 September 2026.<\/p>\n<p>The company is <strong><a href='https:\/\/univest.in\/stocks\/policybzr\/pb-fintech-ltd-share-price-today'>PB Fintech Ltd<\/a> (NSE: POLICYBZR)<\/strong>, the parent of Policybazaar and Paisabazaar. The PB Fintech share price closed at approximately Rs 1,800 on 10 September 2026, giving the company a market capitalisation of around Rs 83,253 crore. This insurtech stock went from a loss-making start-up story in 2023 to a business that earned a net profit of Rs 670 crore in FY26.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#How_Much_Has_This_Insurtech_Stock_Returned\" title=\"How Much Has This Insurtech Stock Returned?\">How Much Has This Insurtech Stock Returned?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Why_Did_This_Insurtech_Stock_Rise_136_in_3_Years\" title=\"Why Did This Insurtech Stock Rise 136% in 3 Years?\">Why Did This Insurtech Stock Rise 136% in 3 Years?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#1_From_Losses_to_a_Rs_670_Crore_Profit\" title=\"1. From Losses to a Rs 670 Crore Profit\">1. From Losses to a Rs 670 Crore Profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#2_Protection_Insurance_Growth\" title=\"2. Protection Insurance Growth\">2. Protection Insurance Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#3_Strong_Q4_FY26_and_a_Strong_Q1_FY27\" title=\"3. Strong Q4 FY26 and a Strong Q1 FY27\">3. Strong Q4 FY26 and a Strong Q1 FY27<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#4_New_Initiatives_and_AI-Led_Efficiency\" title=\"4. New Initiatives and AI-Led Efficiency\">4. New Initiatives and AI-Led Efficiency<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Why_Has_the_PB_Fintech_Share_Price_Been_Flat_Over_One_Year\" title=\"Why Has the PB Fintech Share Price Been Flat Over One Year?\">Why Has the PB Fintech Share Price Been Flat Over One Year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Who_Owns_This_Insurtech_Stock\" title=\"Who Owns This Insurtech Stock?\">Who Owns This Insurtech Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Valuation_of_This_Insurtech_Stock\" title=\"Valuation of This Insurtech Stock\">Valuation of This Insurtech Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Risks_for_This_Insurtech_Stock\" title=\"Risks for This Insurtech Stock\">Risks for This Insurtech Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#PB_Fintech_Share_Analyst_View\" title=\"PB Fintech Share: Analyst View\">PB Fintech Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#PB_Fintech_Share_Price_Target\" title=\"PB Fintech Share Price Target\">PB Fintech Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Which_insurtech_stock_rose_136_in_3_years\" title=\"Which insurtech stock rose 136% in 3 years?\">Which insurtech stock rose 136% in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#What_is_the_PB_Fintech_share_price_today\" title=\"What is the PB Fintech share price today?\">What is the PB Fintech share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Why_did_PB_Fintech_shares_rise_over_three_years\" title=\"Why did PB Fintech shares rise over three years?\">Why did PB Fintech shares rise over three years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Why_is_the_1-year_return_of_PB_Fintech_only_57\" title=\"Why is the 1-year return of PB Fintech only 5.7%?\">Why is the 1-year return of PB Fintech only 5.7%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#What_were_PB_Fintech_Q1_FY27_results\" title=\"What were PB Fintech Q1 FY27 results?\">What were PB Fintech Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#What_is_the_PB_Fintech_share_price_target\" title=\"What is the PB Fintech share price target?\">What is the PB Fintech share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#Does_PB_Fintech_have_promoters\" title=\"Does PB Fintech have promoters?\">Does PB Fintech have promoters?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/insurtech-stock-rises-136-percent-in-3-years\/#What_are_the_main_risks_for_PB_Fintech\" title=\"What are the main risks for PB Fintech?\">What are the main risks for PB Fintech?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_This_Insurtech_Stock_Returned\"><\/span><strong>How Much Has This Insurtech Stock Returned?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This insurtech stock has returned 135.71% over three years, which is the headline number in this screen. The shorter periods tell a more mixed story, and investors should look at both before drawing conclusions.<\/p>\n<p>Here is how this insurtech stock has performed across time frames, with its rank in a screen of 101 NSE stocks:<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Return (%)<\/th>\n<th>Rank (out of 101)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month<\/td>\n<td>3.64%<\/td>\n<td>54<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>22.30%<\/td>\n<td>61<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>5.70%<\/td>\n<td>82<\/td>\n<\/tr>\n<tr>\n<td>3 Years<\/td>\n<td>135.71%<\/td>\n<td>35<\/td>\n<\/tr>\n<tr>\n<td>5 Years (since Nov 2021 listing)<\/td>\n<td>56.18%<\/td>\n<td>73<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Returns are simple price changes and are not annualised. PB Fintech has not issued a bonus or split its shares since listing, so the 3-year gain is genuine price appreciation. The 5-year figure effectively covers its whole listed life, because the company listed in November 2021.<\/p>\n<p>The honest part of the table is the 1-year return of just 5.70%, which ranks 82nd out of 101. Most of the gains of this insurtech stock came between late 2023 and 2025. The past twelve months were largely a sideways phase, with the stock trading between Rs 1,364 and Rs 1,964.20.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Insurtech_Stock_Rise_136_in_3_Years\"><\/span><strong>Why Did This Insurtech Stock Rise 136% in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This insurtech stock rose 136% in three years because the business crossed from losses to rising profits while revenue kept compounding at a fast pace. In September 2023 the market still questioned whether an online insurance broker could ever make money. By FY26, the same company reported revenue of Rs 6,794 crore and a net profit of Rs 670 crore.<\/p>\n<p>The rally came in two phases. The early drivers were the profit turnaround and scale gains. The recent drivers are faster growth in health and term insurance, higher renewal income and improving margins in newer businesses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_From_Losses_to_a_Rs_670_Crore_Profit\"><\/span><strong>1. From Losses to a Rs 670 Crore Profit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>PB Fintech posted a net loss of approximately Rs 488 crore in FY23. It turned profitable in FY24 with a net profit of around Rs 64 crore, then earned Rs 352 crore in FY25 and Rs 670 crore in FY26. That swing of more than Rs 1,150 crore in three years is the single biggest reason this insurtech stock was rerated.<\/p>\n<p>Revenue grew alongside. Sales at this insurtech stock rose from Rs 2,558 crore in FY23 to Rs 6,794 crore in FY26, an increase of roughly 2.7 times. The market rewarded this insurtech stock for proving that its customer acquisition costs could be spread over a much larger base.<\/p>\n<table>\n<thead>\n<tr>\n<th>Fiscal Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>FY23<\/td>\n<td>2,558<\/td>\n<td>(488)<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>3,438<\/td>\n<td>64<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>4,977<\/td>\n<td>352<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>6,794<\/td>\n<td>670<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"2_Protection_Insurance_Growth\"><\/span><strong>2. Protection Insurance Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For this insurtech stock, health and term insurance, which the company calls protection products, carry higher commissions than savings plans. In Q1 FY27, new protection premium grew about 53% year on year and new health insurance premium grew about 59%. Total insurance premium routed through the platform grew about 41%.<\/p>\n<p>Protection policies also renew every year. Renewal revenue has reached an annualised run rate of approximately Rs 1,000 crore, growing about 50%. For this insurtech stock, renewals act like a recurring income stream that needs little fresh marketing spend.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Strong_Q4_FY26_and_a_Strong_Q1_FY27\"><\/span><strong>3. Strong Q4 FY26 and a Strong Q1 FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>PB Fintech reported a net profit of Rs 261 crore in the March 2026 quarter, up about 53.5% year on year and the highest in the last five quarters. Its lending marketplace, Paisabazaar, also turned EBITDA positive in that quarter.<\/p>\n<p>The June 2026 quarter, announced on 5 August 2026, extended the trend. Revenue from operations rose about 40% to Rs 1,888 crore, while net profit climbed 92% to Rs 163 crore from Rs 85 crore. Adjusted EBITDA more than doubled to Rs 186 crore, and the margin improved to around 10% from 7%. This insurtech stock rose about 3% intraday after the results.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Operating Profit (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>1,348<\/td>\n<td>34<\/td>\n<td>85<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>1,614<\/td>\n<td>98<\/td>\n<td>135<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>1,771<\/td>\n<td>159<\/td>\n<td>189<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>2,061<\/td>\n<td>212<\/td>\n<td>261<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>1,888<\/td>\n<td>137<\/td>\n<td>163<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Operating profit in the table excludes other income, which is why net profit is sometimes higher than operating profit. The June quarter is seasonally softer than March, but year on year, profit at this insurtech stock nearly doubled.<\/p>\n<p style=\"margin-top:24px;\"><strong>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_New_Initiatives_and_AI-Led_Efficiency\"><\/span><strong>4. New Initiatives and AI-Led Efficiency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The newer businesses, including PB Partners for agents, Policybazaar for Business, the UAE operation and the credit platform, earned revenue of Rs 694 crore in Q1 FY27, up about 35%. Their contribution margin improved to around 7% from 5%. PB Partners now has approximately 1.13 lakh active partners, while the UAE business runs at an annualised premium of around Rs 1,871 crore.<\/p>\n<p>Management has also pushed artificial intelligence into customer calls, emails and document checks. The company says it handles around 10 crore customer interactions a month with AI support. For this insurtech stock, that matters because lower servicing costs per policy flow directly into margins.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Has_the_PB_Fintech_Share_Price_Been_Flat_Over_One_Year\"><\/span><strong>Why Has the PB Fintech Share Price Been Flat Over One Year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The PB Fintech share price has gained only 5.70% in a year because regulatory worries and large stake sales offset strong results. Profit growth was never the problem for this insurtech stock. Sentiment was.<\/p>\n<p>In September 2025, GST on individual health and life policies was cut to zero. That removed input tax credit for insurers, and analysts warned that insurers could pass part of the cost on to distributors through lower commissions. This insurtech stock fell about 10% in the weeks after the announcement. The government-backed Bima Sugam platform is another long-term competitive question.<\/p>\n<p>Supply of shares added pressure in 2026. Co-founders Yashish Dahiya and Alok Bansal sold about 0.8% of the company through a block deal in late May at a floor price of Rs 1,720. In early July, an existing investor sold a 2.6% stake worth around Rs 1,909 crore at a floor price of Rs 1,604. This insurtech stock has since recovered to around Rs 1,800.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Owns_This_Insurtech_Stock\"><\/span><strong>Who Owns This Insurtech Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>PB Fintech has no promoter holding, so ownership is split between foreign investors, domestic institutions and the public. The biggest shift in this insurtech stock over the last year is domestic institutions buying what foreign investors sold.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>FII (%)<\/th>\n<th>DII (%)<\/th>\n<th>Public (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>46.78<\/td>\n<td>23.27<\/td>\n<td>29.65<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>43.64<\/td>\n<td>26.63<\/td>\n<td>29.47<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>40.77<\/td>\n<td>29.54<\/td>\n<td>29.55<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>39.94<\/td>\n<td>36.72<\/td>\n<td>23.19<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>37.29<\/td>\n<td>40.42<\/td>\n<td>22.14<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>DII holding rose from 23.27% to 40.42% in four quarters, while FII holding fell from 46.78% to 37.29%. The shift suggests domestic institutions absorbed much of the selling, and the institutional base of this insurtech stock is becoming more domestic and possibly more long-term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_of_This_Insurtech_Stock\"><\/span><strong>Valuation of This Insurtech Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At approximately Rs 1,800, this insurtech stock trades at a PE of around 111 times trailing earnings and roughly 11 to 12 times book value. Return on equity is around 10%, and the company is almost debt-free.<\/p>\n<p>These are rich multiples for an insurtech stock. The market is paying for expected earnings growth of 40% or more, not for current profits. Any slowdown in premium growth or a cut in commissions could hurt this insurtech stock more than a lower-valued company.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_for_This_Insurtech_Stock\"><\/span><strong>Risks for This Insurtech Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Four risks deserve attention before anyone takes a view on this insurtech stock.<\/p>\n<p><strong>Commission regulation:<\/strong> Insurance commissions are regulated, and brokerages have flagged uncertainty around commission rules as a key risk. A cut in payouts would directly reduce revenue.<\/p>\n<p><strong>Share supply:<\/strong> Large investors and founders sold stakes in 2026. Further block deals could weigh on this insurtech stock in the short term.<\/p>\n<p><strong>Valuation:<\/strong> A PE above 100 leaves little room for disappointment. A single weak quarter could trigger a sharp correction in this insurtech stock.<\/p>\n<p><strong>Competition:<\/strong> Insurers are building their own digital channels, and Bima Sugam could change how policies are sold online. Execution in newer businesses such as healthcare and UAE also remains unproven at scale.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the PB Fintech share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PB_Fintech_Share_Analyst_View\"><\/span><strong>PB Fintech Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analysts broadly agree that the business behind this insurtech stock is growing strongly, but many are cautious on valuation. After the Q1 FY27 results, a domestic brokerage kept a Neutral rating and raised its FY27 and FY28 profit estimates by about 5% and 4%. A foreign brokerage also stayed Neutral, noting that insurance take rates had crossed 18% and contribution margins were healthy at around 29%.<\/p>\n<p>Both flagged regulatory uncertainty over commissions. In June 2026, the average 12-month target across around 24 analysts covering this insurtech stock stood near Rs 1,956.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"PB_Fintech_Share_Price_Target\"><\/span><strong>PB Fintech Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The PB Fintech share price target from a domestic brokerage is Rs 1,820, only about 1% above the 10 September close of around Rs 1,800. A foreign brokerage has a PB Fintech share price target of Rs 1,590, which is about 12% below the current level.<\/p>\n<p>That spread shows how divided the Street is on this insurtech stock. The consensus PB Fintech share price target of approximately Rs 1,956 implies around 9% upside. On the chart, the 52-week high of Rs 1,964.20 is the level to watch on the upside, while Rs 1,364 is the 52-week low.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This insurtech stock has earned its 136% gain over three years by moving from a Rs 488 crore loss to a Rs 670 crore profit, with revenue growing about 2.7 times in the same period. Q1 FY27 showed that growth is still running at around 40%.<\/p>\n<p>The past year has been far less rewarding, with a 5.70% return, regulatory worries and heavy stake sales. The PB Fintech share price now sits close to several analyst targets and at a PE above 100. Investors tracking this insurtech stock should watch commission rules, renewal growth and margins in new businesses before taking a position.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_insurtech_stock_rose_136_in_3_years\"><\/span><strong>Which insurtech stock rose 136% in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> PB Fintech Ltd (NSE: POLICYBZR), the parent of Policybazaar, delivered a 3-year return of 135.71% as of 10 September 2026. It ranked 35th in a screen of 101 NSE stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PB_Fintech_share_price_today\"><\/span><strong>What is the PB Fintech share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PB Fintech share price closed at approximately Rs 1,800 on 10 September 2026. Its 52-week range is Rs 1,364 to Rs 1,964.20, and its market capitalisation is around Rs 83,253 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_PB_Fintech_shares_rise_over_three_years\"><\/span><strong>Why did PB Fintech shares rise over three years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company moved from a net loss of about Rs 488 crore in FY23 to a net profit of Rs 670 crore in FY26. Revenue grew about 2.7 times over the same period, driven by health and term insurance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_1-year_return_of_PB_Fintech_only_57\"><\/span><strong>Why is the 1-year return of PB Fintech only 5.7%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Worries over commission cuts after GST on health and life policies was removed in September 2025 hurt sentiment. Block deals by founders and a large investor in 2026 also added supply.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_PB_Fintech_Q1_FY27_results\"><\/span><strong>What were PB Fintech Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue from operations rose about 40% to Rs 1,888 crore, and net profit rose 92% to Rs 163 crore. Adjusted EBITDA more than doubled to Rs 186 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PB_Fintech_share_price_target\"><\/span><strong>What is the PB Fintech share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A domestic brokerage has a target of Rs 1,820 with a Neutral rating, while a foreign brokerage has Rs 1,590. The average target across around 24 analysts was near Rs 1,956 in June 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_PB_Fintech_have_promoters\"><\/span><strong>Does PB Fintech have promoters?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No, PB Fintech has no promoter holding. As of June 2026, domestic institutions held about 40.42%, foreign investors about 37.29% and the public about 22.14%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_for_PB_Fintech\"><\/span><strong>What are the main risks for PB Fintech?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Key risks include possible changes to insurance commission rules, a PE above 100, further stake sales by large investors and competition from insurers and Bima Sugam.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which insurtech stock rose 136% in 3 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"PB Fintech Ltd (NSE: POLICYBZR), the parent of Policybazaar, delivered a 3-year return of 135.71% as of 10 September 2026. It ranked 35th in a screen of 101 NSE stocks.\"}},{\"@type\":\"Question\",\"name\":\"What is the PB Fintech share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PB Fintech share price closed at approximately Rs 1,800 on 10 September 2026. Its 52-week range is Rs 1,364 to Rs 1,964.20, and its market capitalisation is around Rs 83,253 crore.\"}},{\"@type\":\"Question\",\"name\":\"Why did PB Fintech shares rise over three years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company moved from a net loss of about Rs 488 crore in FY23 to a net profit of Rs 670 crore in FY26. Revenue grew about 2.7 times over the same period, driven by health and term insurance.\"}},{\"@type\":\"Question\",\"name\":\"Why is the 1-year return of PB Fintech only 5.7%?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Worries over commission cuts after GST on health and life policies was removed in September 2025 hurt sentiment. 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As of June 2026, domestic institutions held about 40.42%, foreign investors about 37.29% and the public about 22.14%.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks for PB Fintech?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Key risks include possible changes to insurance commission rules, a PE above 100, further stake sales by large investors and competition from insurers and Bima Sugam.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>An online insurance marketplace turned Rs 1 lakh into roughly Rs 2.36 lakh in three years. Here is what drove the 136% rise, why the last year was flat, and the key risks.<\/p>\n","protected":false},"author":29,"featured_media":242263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[],"class_list":["post-242264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["242263"],"rank_math_title":["Insurtech Stock Up 136% in 3 Years: Profits Drive the Rally"],"rank_math_description":["This insurtech stock rose approximately 136% in 3 years as losses turned into a Rs 670 crore profit. See returns, Q1 FY27 results, shareholding, targets and risks."],"rank_math_focus_keyword":["insurtech stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/insurtech-stock-rises-136-percent-in-3-years.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=242264"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242264\/revisions"}],"predecessor-version":[{"id":242265,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242264\/revisions\/242265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/242263"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=242264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=242264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=242264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}