What was Go Digit General Insurance's revenue in Q2 FY26?

Go Digit General Insurance reported revenue of ₹2,739 Cr in Q2 FY26, a +15.6% change year-over-year.

Did Go Digit General Insurance management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Go Digit General Insurance Q2 FY26 Research Workspace: Revenue ₹2,739 Cr (+15.6%)

Q: What guidance did Go Digit General Insurance management give?

H2 industry growth expected to be better than H1: Management expects macro indicators and festive season to drive higher motor and health insurance growth in H2 FY26.

2-Minute Summary

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Go Digit reported Q2 FY26 gross written premium of ₹2,739 crore (ex-1/n), up 15.6% YoY, driven by strong growth in motor (market share at 6.2%), fire (+60.8%), and commercial lines. PAT rose to ₹117 crore from ₹89 crore, aided by a low 14% tax rate. The combined ratio improved to 109.9% (ex-1/n) from 112.2% a year ago, despite a 2% drag from two-wheeler growth. Management highlighted that the two-wheeler mix (30% of motor) pressures reported profitability due to upfront commission recognition. Deferred acquisition cost of ₹178 crore (post-tax) will unwind ~₹71 crore in H2. Guidance remains qualitative: no specific targets, but management expects H2 industry growth to improve and reiterated focus on core underwriting profitability without relying on TP reserve releases or capital gains. Key risk: competitive intensity and pricing pressure in motor OD and group health could keep combined ratios elevated.

गो डिजिट ने वित्त वर्ष 2025-26 की दूसरी तिमाही में ₹2,739 करोड़ का कुल बीमा प्रीमियम (एक्स-1/एन) दर्ज किया, जो पिछले साल की तुलना में 15.6% अधिक है। यह वृद्धि मोटर बीमा (बाजार हिस्सेदारी 6.2%), आग बीमा (+60.8%) और व्यावसायिक बीमा में मजबूत प्रदर्शन से हुई। कंपनी का मुनाफा ₹89 करोड़ से बढ़कर ₹117 करोड़ हो गया, जिसमें कम 14% कर दर का सहारा मिला। कंपनी का खर्च-से-प्रीमियम अनुपात (कंबाइंड रेशियो) 112.2% से सुधरकर 109.9% (एक्स-1/एन) हो गया, हालांकि दोपहिया बीमा के बढ़ने से इसमें 2% का नुकसान हुआ। प्रबंधन ने बताया कि दोपहिया बीमा (मोटर का 30%) का मुनाफा कम दिखता है क्योंकि कमीशन तुरंत देना पड़ता है। ₹178 करोड़ की स्थगित लागत (डिफर्ड एक्विजिशन कॉस्ट) में से ₹71 करोड़ दूसरी छमाही में वसूल होगी। कंपनी ने कोई ठोस लक्ष्य नहीं दिया, लेकिन उम्मीद है कि दूसरी छमाही में उद्योग की वृद्धि बेहतर होगी। मुख्य जोखिम: मोटर और ग्रुप हेल्थ बीमा

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Two-wheeler mix pressure on profitability

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Quarter Snapshot

Motor Market Share 6.2%

+0.4pp YoY

Highest ever quarterly market share in motor insurance, driven by renewals and distribution expansion.

Two-Wheeler Premium Growth ₹451 Cr

+35% YoY

Two-wheeler premium increased ₹117 Cr YoY, impacting combined ratio by 2% due to upfront commission.

Fire & Commercial Lines Growth 60.8%

+33.2pp vs industry

Fire business grew at over 2x industry rate, reflecting focus on commercial lines.

Solvency Ratio 2.26x

+0.08x YoY

Solvency improved from 2.18x, indicating strong capital adequacy.

Fast read

Guidance and risk preview

Top guidance H2 industry growth expected to be better than H1

Management expects macro indicators and festive season to drive higher motor and health insurance growth in H2 FY26.

Top risk Two-wheeler mix pressure on profitability

High growth in two-wheeler business (30% of motor mix) depresses reported combined ratio due to upfront commission recognition under IGAP.