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Latest news about Go Digit General Insurance

Go Digit General Insurance Reports Robust Q2 Growth with 15.6% Premium Increase and Record Motor OD Market Share 9 days ago

Go Digit General Insurance reported a 15.6% growth in quarterly premium to INR 2,667.00 crores, outpacing industry growth of 10%. The company achieved its highest-ever Motor Own Damage market share of 6.2%. Profit Before Tax increased by 52.8% to INR 136.00 crores, while the combined ratio improved to 109.9%. The company's two-wheeler business now comprises 30% of its motor mix. Assets under management rose to INR 21,345.00 crores, with a solvency ratio of 2.26.

Go Digit Insurance Reports Significant Improvements in Claims Processing and Customer Service 9 days ago

Go Digit General Insurance Seeks Shareholder Approval for ESOP Amendment and Director Appointments Oct 30, 2025

Go Digit General Insurance Reports 53% Jump in Q2 Profit, Appoints New Directors Oct 29, 2025

Go Digit General Insurance Reports 53% Jump in Q2 Profit, Appoints Two New Directors Oct 28, 2025

More news about Go Digit General Insurance

25Sept 25

Go Digit General Insurance Faces ₹11.66 Crore GST Notice

Go Digit General Insurance Limited has received a Goods and Services Tax (GST) notice for ₹11.66 crore from the Directorate General of GST Intelligence, Mumbai Zonal Unit. The company plans to file a detailed reply to the Show Cause Notice within the prescribed timelines. Go Digit assures that there will be no immediate financial impact on the company's current position, operations, or activities.

12Sept 25

India Mulls Hike in Motor Third-Party Insurance Premiums

India is contemplating an increase in motor third-party insurance premiums, which could significantly impact vehicle owners across the country. This mandatory coverage protects owners from financial liability for third-party damages or injuries caused by their vehicles. The potential premium hike could affect a wide range of vehicle owners and may lead to changes in the insurance industry's revenue streams and pricing strategies. While specific details about the extent and timeline of the increase are not yet available, the news has raised concerns among vehicle owners about potentially higher ownership costs.

08Sept 25

Go Digit Reports Significant Drop in Monthly Premium Collections

Go Digit General Insurance has experienced a substantial decline in premium collections compared to the previous month. While specific figures are not disclosed, the decrease is described as significant. This downturn could impact the company's short-term revenue, market position, and investor sentiment. Potential factors contributing to the decline may include seasonal fluctuations, changes in consumer behavior, increased competition, or modifications to product offerings. The company's response to this challenge and its ability to reverse the trend will be crucial for its future growth.

31Jul 25

Go Digit General Insurance Reports 59% Jump in Profit Before Tax to INR 161 Crores in Q1 FY26

Go Digit General Insurance posted strong Q1 FY26 results with a 59% increase in profit before tax to INR 161.00 crores. Gross written premium grew by 12.1% year-on-year, with notable 40% growth in property business. The company's assets under management rose to INR 20,861.00 crores, and its customer base expanded to 7.1 crore. Despite a lower net retention ratio of 65.4%, the loss ratio improved slightly to 70.3%. The company maintains a robust solvency ratio of 227% and is preparing to pay taxes for the first time at an estimated rate of 13.9% for the full year.

28Jul 25

Go Digit General Insurance Reports 36.6% Jump in Quarterly Profit, Senior Executive Resigns

Go Digit General Insurance Limited reported a 36.6% increase in quarterly profit to ₹138.00 crore. Gross Written Premium grew by 12.1% to ₹2,982.00 crore. Assets Under Management rose 17.4% to ₹20,861.00 crore. The company's solvency ratio improved to 2.27x, while the combined ratio increased to 108.6%. Mr. Atul Mehta, Country Head, resigned effective August 11. Go Digit disclosed that its insurance business expenses exceeded regulatory limits and has sought forbearance from IRDAI.

04Jul 25

Bombay High Court Quashes ₹170 Crore Tax Demand Against Go Digit General Insurance

Go Digit General Insurance has successfully challenged a ₹170 crore tax demand in the Bombay High Court. The court ruled in favor of the insurance company, cancelling the substantial tax liability. This decision is expected to positively impact Go Digit's financial position and may set a precedent for similar cases in the insurance industry. The ruling highlights the complexities in interpreting tax laws in the insurance sector.

20Jun 25

Go Digit General Insurance Faces Potential Impact as Government Proposes 10% Hike in Motor Insurance Premiums

The Indian government has proposed a 10% increase in third-party motor insurance premiums. This change could significantly impact insurance providers across India, including Go Digit General Insurance. The proposal is expected to affect pricing strategies, revenue projections, and potentially lead to industry-wide adjustments in policy pricing and coverage offerings. Vehicle owners may face higher insurance costs if the proposal is implemented. Insurance companies will need to monitor developments closely and strategize to navigate the changing regulatory landscape.

18Jun 25

Go Digit Reports: Motor Third-Party Premium Hike Could Boost Industry Profitability

Go Digit General Insurance's report indicates that an 18% increase in motor third-party premiums could improve India's insurance combined ratio by 400-500 basis points. This potential change could enhance profitability, increase financial stability, and allow for reinvestment in the sector. The impact would likely affect the entire motor insurance segment in India.

06Jun 25

Road Ministry Weighs 18% Hike in Motor Third Party Premiums for FY26

The Indian Road Ministry is considering an average 18% increase in motor third party insurance premiums for FY26, as proposed by the Insurance Regulatory and Development Authority of India (IRDAI). This potential hike could lead to higher costs for vehicle owners but may improve profitability for insurers and enhance coverage. The decision is still under evaluation, with implications for both the insurance and automotive sectors.

29Apr 25

Go Digit General Insurance Reports 119% Surge in Q4 Profit, 134% Growth in FY 2025

Go Digit General Insurance Limited reported significant profit growth for Q4 and FY 2025. Q4 profit after tax increased by 118.9% to ₹116.00 crore, while FY 2025 profit grew by 133.5% to ₹425.00 crore. Gross written premium for Q4 rose by 10.3% to ₹2,576.00 crore, and FY 2025 GWP grew by 14% to ₹10,282.00 crore. The company's solvency ratio improved to 2.24x, and assets under management increased by 25% to ₹19,703.00 crore. Growth was reported across motor, health, travel, personal accident, and fire insurance segments.

28Apr 25

GO DIGIT GENERAL INSURANCE Reports Strong Q4 and FY25 Financial Results

Go Digit General Insurance Ltd has reported impressive financial results for Q4 and FY 2024-25. Q4 net profit surged 120.1% YoY to ₹1.16 billion, while full-year PAT more than doubled to ₹425.00 crore. The company's GWP for FY25 increased by 14% to ₹10,282.00 crore. Return on Average Equity improved to 13.0% from 7.5% in FY24. The solvency ratio strengthened to 2.24x, well above the regulatory requirement. Assets Under Management grew by 25% to ₹19,703.00 crore. The company saw growth across various insurance segments, including motor, health, travel, and personal accident insurance.

13Mar 25

Go Digit's Subsidiary Secures IRDAI R2 Licence for Reinsurance Operations

Value Attics Reinsurance, a subsidiary of Go Digit General Insurance, has received an R2 licence from IRDAI to operate as a reinsurance company in India. This approval allows the company to commence reinsurance operations, potentially enhancing Go Digit's risk management capabilities, market presence, and revenue streams. The entry of Value Attics Reinsurance may increase competition in the sector and contribute to the growth of India's insurance and reinsurance ecosystem.