Go Digit General Insurance shareholders have approved three key resolutions through a postal ballot, including an amendment to its Employee Stock Option Plan (ESOP) and the appointment of two new directors.

ESOP Amendment

Shareholders have approved the amendment to the Employee Stock Option Plan 2018, extending the exercise period from 4 years to 8 years from the date of vesting. This change aims to provide employees with more flexibility in exercising their stock options and potentially improve employee retention.

Director Appointments

Giridhar Aramane

Shareholders have approved the appointment of Giridhar Aramane as a Non-Executive Independent Director, effective November 1, 2025. Aramane, a former IAS officer, brings over 30 years of public service experience, including roles as Defense Secretary and Executive Director at the Insurance Regulatory and Development Authority of India (IRDAI).

Michael Wallace

The appointment of Michael Wallace as a Non-Executive Director has also been approved, effective November 1, 2025. Wallace has over 30 years of experience in property casualty insurance and currently serves as Vice President at Fairfax Financial Holdings Limited.

These appointments and the ESOP amendment reflect Go Digit General Insurance's efforts to enhance its employee benefits program and strengthen its board with experienced professionals from the insurance and public administration sectors.

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.