IPO-bound insurtech unicorn Acko’ subsidiary Acko General Insurance turned profitable in FY26, posting a net profit of ₹43.6 Cr in FY26 compared to a loss of ₹193.4 Cr in FY25.

The insurer's net earned premium (NEP) rose 26% YoY to ₹1,917.9 Cr in FY26 from ₹1,522.3 Cr in the previous financial year, driven by growth in its insurance business.

Income from investments increased 23.2% YoY to ₹265.1 Cr in FY26 from ₹215.1 Cr in FY25. Within this, profit on sale/redemption of investments jumped 64.2% YoY to ₹37.6 Cr in FY26 from ₹22.9 Cr a year ago. Meanwhile, interest, dividend and rent income increased 18.3% YoY to ₹227.5 Cr from ₹192.3 Cr in FY25.

Overall, ACKO General Insurance's total income increased 25.6% YoY to ₹2,183 Cr in FY26 from ₹1,737.4 Cr in the previous financial year.

Net claims incurred rose 19.2% YoY to ₹1,270.7 Cr in FY26, while operating expenses related to insurance business stood at ₹623.1 Cr during the fiscal year.

ACKO General Insurance's net incurred claims to net earned premium ratio improved to 66.3% in FY26 from 69.95% in the previous financial year.

This comes at a time when Acko is gearing up for its IPO. As part of this, the startup laid off about 5% of its workforce, or around 60 employees, citing increased adoption of AI and automation.

Earlier this year, Acko also said it was moving away from investment-linked insurance products such as ULIPs and endowment plans to focus on "pure protection" offerings.

Founded in 2016 by Varun Dua and Ruchi Deepak, Acko entered the unicorn club in 2021 after raising $255 Mn in its Series D funding round led by General Atlantic and Multiples Private Equity. The startup has raised about $458 Mn to date from investors like Lightspeed, Elevation Capital and Accel.