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Motor TP price hike delay
View Risks →Go Digit General Insurance Ltd — Q4 FY26
Go Digit reported a strong Q4 FY26 with gross direct premium of 11,300 crore, up 16.2% YoY, and PAT of 1,759 crore (up 49% YoY).
bullish
high
Financial stats pending filing verification
2-Minute Summary
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Go Digit reported a strong Q4 FY26 with gross direct premium of 11,300 crore, up 16.2% YoY, and PAT of 1,759 crore (up 49% YoY). The combined ratio improved to 105.7% (down 1.2pp YoY). Growth was driven by two-wheeler (up 52% to 556 crore) and fire segments, while health reinsurance was dropped due to poor profitability. The company transitioned to Indian Accounting Standards (IFRS-aligned) and reported an ROE of 17.7%. Management guided for continued focus on underwriting discipline, new specialty lines, and expects regulatory action on expense management to benefit the industry. Key risk: sustained competitive pressure in motor and health segments could pressure margins.
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Gross Written Premium (GWP) Growth
9.8%
+9.8% YoY
Q4 GWP growth was 9.8%, impacted by non-renewal of 252 crore health reinsurance.
Two-Wheeler Premium
556 Cr
+52% YoY
Two-wheeler premium grew from 365 Cr to 556 Cr, driving EUM impact of ~5%.
Solvency Ratio
2.42
+0.42 YoY
Solvency improved to 242%, providing headroom for equity allocation up to 12.5%.
Motor Retention Rate
89.6%
-6.3pp YoY
Motor retention fell from 95.9% to 89.6% due to selective reinsurance on certain segments.
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Guidance and risk preview
Management plans to develop niche commercial lines, aiming for ~1,000 crore premium over 3-5 years.
No TP price hike for fifth consecutive year; industry loss ratios may remain under pressure.
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