Go Digit General Insurance delivered robust financial performance in Q3 FY26, with profit before tax surging 37% to Rs. 163 crores compared to Rs. 119 crores in the corresponding quarter of the previous year. The company's strong operational metrics and improved profitability ratios reflect its strategic focus on profitable growth across key business segments.

Financial Performance Highlights

The company's financial metrics demonstrated strong momentum across multiple parameters:

The company reported that it now has no accumulated losses, marking a significant milestone in its financial journey. The tax rate for the current financial year is approximately 14%, expected to move to 25% from the next financial year.

Business Segment Performance

Go Digit's two-wheeler business emerged as a standout performer, recording exceptional growth of 47% in Q3 FY26. The segment's collected premium reached Rs. 668 crores compared to Rs. 456 crores in the previous year, representing an increase of Rs. 212 crores. This growth was significantly aided by the lower GST introduced from September 22nd, benefiting the company's substantial two-wheeler portfolio.

The company's motor business mix evolved notably during the quarter:

Chairman Kamesh Goyal noted that commercial vehicles, which constituted 60%-65% of the motor book five years ago, now represent just 19% of the portfolio, demonstrating the management team's ability to adapt to market dynamics.

Asset Management and Investment Performance

Go Digit's Assets Under Management (AUM) crossed Rs. 22,500 crores for the first time, reaching Rs. 22,509 crores. This represents a growth of Rs. 2,800 crores compared to December 31st, 2024, marking an 18.8% increase. The company's investment portfolio showed strong performance with an overall yield of 1.9% for the quarter.

IFRS Reporting and Combined Ratio

For the first time, Go Digit declared its combined ratio under IFRS basis, providing enhanced transparency in financial reporting. The IFRS combined ratio improved to 105% in Q3 FY26 from 106.2% in the previous year. For the nine-month period, the ratio stood at 105.6% compared to 106.9% last year, showing consistent improvement.

The company's Deferred Acquisition Cost (DAC) under IFRS reached Rs. 2,403 crores pre-tax, which will benefit future IGAAP books as premium gets earned with zero acquisition cost. Advanced premium as of December 31st, 2025 totaled Rs. 2,949 crores, with motor contributing Rs. 2,605 crores and non-motor Rs. 344 crores.

Strategic Business Decisions

Go Digit made strategic decisions regarding its business portfolio, including not renewing approximately Rs. 220 crores of government health business due to inadequate pricing. The company also implemented reinsurance arrangements in motor business to protect against tail risks, particularly in electric vehicle segments, while maintaining investment income through funds-withheld arrangements.

The management emphasized its focus on profitable growth over market share, with the company maintaining strong renewal retention rates and customer satisfaction scores. The Net Promoter Score (NPS) continues to remain healthy, reflecting the company's customer-centric approach and digital-first strategy.

Go Digit General Insurance Limited has delivered robust financial performance for the quarter ended December 31, 2025, with profit before tax jumping 36.9% year-on-year to ₹163.00 crore. The company's nine-month FY26 performance has been particularly noteworthy, with PBT reaching ₹459.00 crore, already exceeding the full FY25 figure of ₹425.00 crore.

Strong Premium Growth Across Segments

The company demonstrated solid premium growth momentum during Q3 FY26. Gross Direct Premium increased by 20.9% to ₹2,557.00 crore compared to ₹2,115.00 crore in Q3 FY25, while Gross Written Premium grew 8.7% to ₹2,909.00 crore from ₹2,677.00 crore in the corresponding previous quarter.

For the nine-month period, Gross Written Premium reached ₹8,558.00 crore compared to ₹7,706.00 crore in 9M FY25, representing an 11.1% increase. The motor segment continued to be the primary growth driver, with Motor OD contributing 26.6% of the GWP mix in Q3 FY26 and recording 23.4% growth.

Profitability and Financial Performance

Go Digit General Insurance showcased strong profitability metrics across key parameters. Profit after tax for Q3 FY26 stood at ₹140.00 crore, marking a 17.6% increase from ₹119.00 crore in Q3 FY25.

The company's return on average equity for the nine-month period was 9.3%, while the net-worth increased to ₹4,436.00 crore as of December 31, 2025, compared to ₹3,924.00 crore in the previous year.

Asset Management and Investment Performance

Assets Under Management witnessed substantial growth, increasing by 18.8% to ₹22,509.00 crore as of December 31, 2025, compared to ₹18,939.00 crore as of December 31, 2024. This growth was primarily driven by business surplus generation.

The company reported unrealized gains of ₹686.00 crore as of December 31, 2025, comprising ₹403.00 crore from equity portfolio and ₹283.00 crore from other investments. Investment income grew 21% year-on-year to ₹1,179.00 crore for the nine-month period.

Operational Metrics and Combined Ratio

Go Digit General Insurance maintained stable operational performance with a combined ratio of 110.7% in Q3 FY26 compared to 108.1% in Q3 FY25. However, the IFRS basis combined ratio (excluding discounting benefit) improved to 105.0% from 106.2% in the previous year quarter.

The company maintained a healthy solvency ratio of 2.30x as of December 31, 2025, significantly above the minimum regulatory requirement of 1.50x, compared to 2.24x as of March 31, 2025.

Market Position and Business Outlook

The company has strengthened its market position with a 3.4% overall market share and 6.5% market share in motor insurance based on nine-month FY26 Gross Written Premium. Go Digit General Insurance operates through a partner network of 79,117 entities and has maintained high customer satisfaction scores of 94.7% for motor claims and 83.4% for non-claims processes.

With 1.21 crore policies sold during the nine-month period and serving 8.1 crore customers since inception, the company continues to demonstrate its digital-first approach with only 0.35% manual policy issuances. The insurer has settled 37.4 lakh claims since inception, reinforcing its commitment to customer service excellence.