Go Digit FY26 Results: PAT ₹179 Cr, GWP ₹11,300 Cr, ROE 17.7%
Go Digit General Insurance announced its Q4 and FY26 results, reporting a PAT of INR179 crores for the quarter and an annual ROE of 17.7%. The company achieved a GWP of INR11,300 crores, a 16.2% YoY growth, and improved its solvency ratio to 2.42. Management highlighted strong solvency and no immediate need for capital under upcoming norms.
*this image is generated using AI for illustrative purposes only.
Go Digit General Insurance announced its financial results for the quarter and financial year ended March 31, 2026, reporting a Profit After Tax (PAT) of INR179 crores for Q4 FY26 under the new Indian Accounting Standards. The company achieved an annual Return on Equity (ROE) of 17.7% on a post-tax basis, with a net worth of approximately INR4,600 crores as per Indian GAAP. Gross Written Premium (GWP) for the year stood close to INR11,300 crores, reflecting a growth of 16.2% year-on-year, while Gross Direct Premium (GDPI) grew by 34% against the industry growth of 13%.
Financial Performance and Accounting Standards
The company prepared its FY26 results in alignment with the new Indian Accounting Standards, which are based on IFRS norms applicable from April 1, 2026. Management emphasized that they evaluate profitability based on Indian accounting profit plus Deferred Acquisition Costs (DAC). For the full year, the combined ratio was 105.7%, an improvement of 1.2% over the previous year. The tax rate for the year was 13.8%, with expectations to move to 25.2% in the following year.
| Metric | Q4 FY26 | FY 2025-26 |
|---|---|---|
| Profit After Tax (PAT) | INR179 crores | - |
| Profit Before Tax | INR239 crores | - |
| Annual ROE | 4% (Quarter) | 17.7% (Annual) |
| Gross Written Premium | - | ~INR11,300 crores |
| GDPI Growth | 21.3% (Q4) | 16.2% (Full Year) |
| Combined Ratio | 105.8% | 105.7% |
Operational Scale and Solvency
Assets Under Management (AUM) grew to approximately INR23,000 crores, an increase of INR3,200 crores over the previous year's INR19,700 crores. The solvency ratio improved to 2.42, calculated on the Indian GAAP net worth. Management stated that the company is in a strong solvency position and does not expect to require any new capital, even under the upcoming risk-based capital norms. The long-term premium book stood at INR3,200 crores as of March 31, 2026, with motor comprising roughly 82% to 83%.
Investment and Reinsurance Strategy
On the investment front, the overall yield was 1.8%, with debt yields including capital gains at 1.9%. The asset allocation towards equity moved to roughly 8.5%, with a target of 10%. The company reported an unrealized loss of INR54 crores on the entire investment portfolio, which is 0.2% of AUM. Regarding reinsurance, the company renewed its program for 2026-27, increasing capacity in fire and engineering lines and improving commission terms. A new treaty was introduced for miscellaneous risks to support niche commercial lines.
Historical Stock Returns for Go Digit General Insurance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.33% | +1.71% | -3.17% | -12.77% | +8.17% | +2.73% |
How will the jump in effective tax rate from 13.8% to 25.2% in FY27 impact Go Digit's net profitability and ROE targets, particularly given the DAC unwinding expected in the same year?
As Go Digit plans to participate directly in crop insurance tenders, how might this high-volatility segment affect the company's combined ratio and reinsurance strategy going forward?
With the risk-based capital norms on the horizon, how might the new framework reshape competitive dynamics in the Indian general insurance industry, especially for mid-sized players like Go Digit?
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