PRESS RELEASE | PolicyStreet Group

Khazanah-backed PolicyStreet Records a Profitable Year Exceeding USD 1 Million, Revenue More Than Doubled

26 Feb 2026

The regional insurtech’s financial milestone reinforces the commercial viability of a technology- and underwriting-led approach to narrowing the protection gap.

KUALA LUMPUR, 26 FEBRUARY 2026 — PolicyStreet, a Malaysian-born regional insurtech company, has achieved profitability for the financial year ended 31 December 2025, recording over USD1 million in Profit After Tax (PAT), reinforcing its position as one of the region’s leading technology-driven insurance platforms.

The achievement comes two years after securing USD 15.3 million in Series B funding led by Khazanah Nasional in 2023, and reflects a period of disciplined growth and operational maturity. It also saw its net revenue grow more than 2.5 times versus the year before, underscoring the strength and scalability of its business model.

“The protection gap has long been recognised as a structural challenge, but less attention has been given to building sustainable models to address it. We were deliberate from day one in designing a business that could scale responsibly. Our profitability shows that it is possible to advance financial inclusion and build a resilient insurance platform,” said Yen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet.

The Company’s performance was driven primarily by continued momentum in embedded insurance partnerships across both local and regional markets. Over the past year, PolicyStreet onboarded new partners, including telecommunications providers, travel experience marketplaces, and digital economy platforms across Southeast Asia, further expanding its footprint beyond Malaysia.

This growth has also been supported by the strengthening of its reinsurance capabilities. In December 2025, PolicyStreet received an upgraded ‘a+’ Labuan Entity Corporate Assessment (LECA) rating from RAM Rating Services Berhad, up from ‘a’ in January 2025, reflecting improvements in business traction and continued profitability within its reinsurance operations.

Alongside revenue growth, PolicyStreet maintained a strong focus on operational discipline — refining internal processes, enhancing risk oversight, and exercising prudent capital management to ensure that expansion is achieved responsibly and without compromising long-term stability.

PolicyStreet’s profitability marks a significant milestone for the broader insurtech landscape. As the first Malaysian-born insurtech to achieve this level of financial sustainability, the Company’s performance underscores the commercial viability of technology-driven insurance models aimed at narrowing the protection gap.

Looking ahead, PolicyStreet plans to deepen its leadership locally and accelerate its regional expansion while further enhancing its underwriting capabilities and digital infrastructure. As insurance premiums continue to rise amid broader cost pressures, the Company remains focused on leveraging data, technology, and risk expertise to improve affordability and accessibility, embedding insurance seamlessly into everyday consumer and business touchpoints.