Go Digit General Insurance , a leading digital-first insurer, has reported a significant increase in profitability for the second quarter of fiscal year 2026, alongside key appointments to its board of directors.

Strong Financial Performance

The company's financial results for Q2 FY2026 show robust growth:

• Profit before tax (PBT) surged by 53% to ₹136.00 crore, up from ₹89.00 crore in Q2 FY2025.
• Profit after tax (PAT) increased by 31% to ₹117.00 crore, compared to ₹89.00 crore in the same quarter last year.
• Gross Written Premium (GWP) grew by 12.6% to ₹2,667.00 crore, from ₹2,369.00 crore in Q2 FY2025.

Improved Operational Metrics

Go Digit also reported improvements in key operational indicators:

• The Combined Ratio improved to 111.4% in Q2 FY2026 from 112.2% in Q2 FY2025.
• Without the 1/n accounting basis, the Combined Ratio for Q2 FY2026 stood at 109.9%, showing a 2.3% improvement year-on-year.
• Assets Under Management (AUM) grew by 15.4% to ₹21,345.00 crore as of September 30, 2025, compared to ₹18,502.00 crore a year ago.

Segment Performance

The company's growth was driven by strong performance across various insurance segments:

• Motor insurance, the largest segment, saw GWP growth of 12.6% for Own Damage (OD) and 8.6% for Third Party (TP) coverage.
• Health, Travel, and Personal Accident insurance reported a significant 36.6% growth in GWP.
• Fire insurance GWP surged by 60.8%, outpacing the industry growth of 27.6%.

Board Appointments

Go Digit announced two key appointments to its board of directors:

1. Mr. Giridhar Aramane has been appointed as an Additional Director in the capacity of Non-executive Independent Director, effective November 1, 2025, for a five-year term. Mr. Aramane brings extensive experience from his distinguished career in public service, including roles as Defence Secretary and Executive Director at IRDAI.

2. Mr. Michael Wallace joins as an Additional Director in the capacity of Non-Executive Director, also effective November 1, 2025. Mr. Wallace brings over 30 years of experience in property and casualty insurance operations, underwriting, and reinsurance management.

Market Position and Outlook

Go Digit maintains a strong market position with a 3.4% share in the overall insurance market and a 6.5% share in motor insurance. The company's solvency ratio stands at 2.26x as of September 30, 2025, well above the regulatory requirement of 1.50x, indicating strong financial stability.

The insurer's focus on digital-first operations continues to yield results, with only 0.37% of policies requiring manual issuance. Customer satisfaction remains high, with motor claims and non-claims satisfaction scores at 93.3% and 84.2%, respectively.

As Go Digit General Insurance continues to leverage its technological capabilities and expand its product offerings, the company appears well-positioned for sustained growth in the evolving insurance landscape.

Go Digit General Insurance Limited has reported a strong financial performance for the second quarter, with significant growth in profitability and continued expansion of its business operations.

Financial Highlights

The company's financial results for Q2 show impressive growth:

The company's Gross Written Premium (GWP) for Q2 stood at ₹2,667.00 crore, marking a 12.60% increase from ₹2,369.00 crore in the same quarter of the previous year. Notably, without the 1/n basis accounting change, the GWP growth would have been even higher at 15.60%.

Profitability saw a significant boost, with Profit Before Tax (PBT) jumping 53.00% to ₹136.00 crore, compared to ₹89.00 crore in the same quarter last year. Profit After Tax (PAT) also showed strong growth, increasing by 31.00% to reach ₹117.00 crore.

Operational Performance

Go Digit's combined ratio improved to 111.40% in Q2, down from 112.20% in the same quarter of the previous year, indicating enhanced operational efficiency. The company's net retention ratio stood at a healthy 79.10% for the quarter.

Assets Under Management (AUM) grew by 15.40% year-over-year, reaching ₹21,345.00 crore as of September 30, compared to ₹18,502.00 crore a year earlier.

The company maintained a strong solvency ratio of 2.26x as of September 30, well above the regulatory minimum requirement of 1.50x, demonstrating financial stability and resilience.

Segment Performance

The motor insurance segment continued to be a significant contributor to Go Digit's business, accounting for 61.50% of the total GWP in Q2. The health, travel, and personal accident segment showed robust growth, with its share increasing to 19.50% of GWP, up from 16.10% in the same quarter last year.

Board Appointments

Go Digit General Insurance has announced two key appointments to its Board of Directors, effective November 1, subject to shareholder approval:

1. Mr. Giridhar Aramane has been appointed as a Non-Executive Independent Director for a term of five years. Mr. Aramane brings over 30 years of distinguished public service experience, including roles as Defence Secretary and Secretary in the Ministry of Road Transport & Highways.

2. Mr. Michael Wallace joins as a Non-Executive Director. With over 30 years of experience in property and casualty insurance, Mr. Wallace's expertise spans underwriting, reinsurance, and management.

These appointments are expected to bring valuable insights and strategic direction to the company's growth plans.

Future Outlook

While the company has shown strong performance, it continues to face challenges in managing expenses. Go Digit's expenses relating to the insurance business exceeded regulatory limits for the six months ended September 30, as per IRDAI regulations. The company has submitted information to the IRDAI seeking forbearance for the previous financial year.

Go Digit General Insurance's focus on innovation, digital capabilities, and customer-centric approach continues to drive its growth in the competitive insurance market. The company's ability to maintain a robust growth rate while improving profitability indicators positions it well for future expansion in the Indian insurance sector.