PolicyStreet turned profitable in 2025, posting over US$1 million in profit after tax as net revenue grew more than 2.5 times year on year.
This comes two years after the company raised US$15.3 million in a Series B funding round led by Khazanah Nasional in 2023.
Growth during the year was driven largely by embedded insurance partnerships across Malaysia and other Southeast Asian markets.
PolicyStreet onboarded new partners including telecommunications providers, travel experience marketplaces and digital economy platforms, extending its regional footprint. Its reinsurance operations also strengthened.
“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.
In December 2025, RAM Rating Services Berhad upgraded PolicyStreet’s Labuan Entity Corporate Assessment rating to ‘a+’ from ‘a’ in January 2025, citing improved business traction and continued profitability within its reinsurance operations.
Alongside revenue growth, the company said it refined internal processes, enhanced risk oversight and exercised prudent capital management to support expansion without compromising long-term stability.
PolicyStreet plans to deepen its leadership locally while accelerating regional growth and investing further in underwriting capabilities and digital infrastructure.
