Go Digit General Insurance Ltd on October 28 reported a 53 percent year-on-year to Rs 136 crore in Q2 FY26, compared with Rs 89 crore in the same quarter last year. Net profit rose 31 percent to Rs 117 crore.
Gross written premium (GWP) for the quarter stood at Rs 2,667 crore, up 12.6 percent from Rs 2,369 crore in Q2 FY25. Adjusted for accounting changes on the recognition of long-term premiums (“1/n basis”), growth was higher at 15.6 percent. For the first half of FY26, GWP rose 12.3 percent to Rs 5,649 crore, compared with Rs 5,029 crore in the same period last year.
The combined ratio improved to 111.4 percent in Q2 FY26 from 112.2 percent a year earlier. On a comparable basis excluding the 1/n adjustment, the combined ratio was 109.9 percent.
Go Digit’s solvency ratio stood at 2.26 times as of September 30, 2025, up from 2.24 times in March 2025, well above the regulatory minimum of 1.5 times. Assets under management (AUM) increased 15.4 percent year-on-year to Rs 21,345 crore.
Motor insurance remained the largest contributor to the business, accounting for about 59 percent of total premiums, while the fire and health portfolios were the fastest-growing segments. The fire insurance business surged 60.8 percent year-on-year in Q2, and health, travel and personal accident grew 36.6 percent.
The company was founded in 2017, relatively new to the market, and as of the first half of FY26, it held a 3.4 percent market share in the overall general insurance industry and 6.5 percent in the motor segment.
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