Mumbai, July 29 -- Net profit for the quarter jumped 36.6% year-on-year to Rs 138 crore, up from Rs 101 crore in Q1 FY25. Profit before tax saw an even sharper rise, up 59.4% to Rs 161 crore.

The company's gross written premium rose 12.1% YoY to Rs 2,982 crore. Excluding the 1/n accounting method, gross written premium for Q1 FY26 was 3,046 crore, reflecting a 14.5% increase YoY.

For context, the "1/n accounting" refers to spreading acquisition costs evenly over the policy term, providing a normalized quarterly view.

Assets under management (AUM) also saw healthy growth, rising 17.4% year-on-year to Rs 20,861 crore in Q1 FY26 from Rs 17,773 crore in the same period last year.

On the operational front, loss ratio remained largely stabl...