Go Digit General Insurance (GODIGIT) Q2 25/26 earnings summary

Executive summary

• H1 premium reached ₹5,649 crore, up 12.3% year-over-year, with a market share of 3.4% overall and 6.5% in motor insurance.

• Profit after tax for Q2 FY26 was ₹117 crore, with profit before tax at ₹136 crore and a 14% tax rate applied.

• Assets under management as of September 30, 2025, totaled ₹21,345 crore; net worth rose to ₹4,290 crore.

• Customer base expanded to 7.6 crore, with 0.72 crore policies sold in FY 2025-26.

• Unaudited financial results for the quarter and half year ended September 30, 2025, were approved by the Board and reviewed by statutory auditors, with no material misstatements identified.

Financial highlights

• Combined ratio for Q2 FY26 was 111.4%, improving from 112.2% year-over-year; without 1/n basis, it was 109.9%.

• Loss ratio for the quarter was 73%; expense ratio reduced to 38.4%.

• Solvency ratio as of September 30, 2025, was 2.26, above regulatory requirements.

• Net retention ratio for Q2 FY26 was 79.1%.

• Deferred acquisition cost post-tax stood at ₹1,708 crore, with ₹710 crore expected to unwind in H2.

Outlook and guidance

• Growth rate expected to improve in H2, especially in motor and SME segments, supported by macroeconomic trends and potential regulatory changes.

• No major change in management expenses anticipated for H2; continued investment in technology to drive productivity.

• Deferred acquisition cost benefit of ₹710 crore projected for H2.

• Results are not indicative of full-year performance due to industry seasonality.

• Change in premium recognition for long-term products from October 1, 2024, led to a reduction of ₹13,560 lakhs in gross premium written for H1 FY26, with no impact on profit after tax.