• Platform premium growth: Platform premiums rose 49% in Q1, driven by POSP recruitment and activation along with the deployment of technology platforms for large enterprise clients.
• B30 market expansion: B30 markets account for 76% of platform premiums and are expanding 60% to 70% faster than top 30 markets due to digitized last-mile distribution.
• EBITDA margin guidance: Service EBITDA margins have improved from -12% to +13% and are targeted to reach 24% to 25% by FY31, supporting an overall EBITDA margin of 18% to 20% as corporate overheads drop to 6% to 7%.
• Renewal book economics: The renewal book grew 58% and delivers three times the service EBITDA margin of new policies, while strong expansion in term life (up 70%+) and health insurance continues to improve the product mix.