Acko hits Rs 2,000 Cr revenue threshold with lower losses in FY24

New-age insurance firm Acko has shown consistent growth over recent years, surpassing the Rs 2,000 crore revenue mark in the fiscal year ending March 2024. At the same time, the company reduced its losses by 9%, bringing them below Rs 700 crore. Acko’s revenue increased by 19.8% to Rs 2,106 crore in FY24, up from Rs 1,758 crore in FY23, according to its consolidated annual figures accessed from the Registrar of Companies. For the digital insurance provider, income from gross premium earned accounted for 73.35% of total income, showing a 33.9% growth to Rs 1,587 crore during the last fiscal year.