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.
GODIGITGENERALINSURANCE
Financial Services
22 Apr 2026
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).
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
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.
Management Guidance
New specialty lines target 1,000 Cr premium in 3-5 years
Management plans to develop niche commercial lines, aiming for ~1,000 crore premium over 3-5 years.
Management guidance growthMotor OD loss ratio to stabilize by Q2 FY27
Corrective actions taken in Q4 should stabilize motor OD loss ratio by July-September 2026, then reduce.
Management guidance marginsCrop insurance direct participation in FY27
Company plans to participate directly in crop insurance tenders in FY27, building on capability development.
Management guidance expansionKey Risks
Motor TP price hike delay
No TP price hike for fifth consecutive year; industry loss ratios may remain under pressure.
high · analyst_questionEUM regulatory compliance
Company's EUM is above peers due to business mix; regulatory action on expense management may impact growth.
medium · management_commentaryFire segment net loss ratio deterioration
Net loss ratio in fire increased due to two large claims; gross ratio stable but net impacted by reinsurance costs.
medium · data_observationNotable Quotes
Our focus would not be on the top line. Our focus will be how do we protect the bottom line.
We don't drive ourselves to a line of business mix because we don't think there is an ideal line of business mix.
If pricing becomes too tight, we don't have to go for that additional 5-6% growth which will destroy profitability.
Frequently Asked Questions
What was Go Digit General's revenue in Q4 FY26?
Go Digit General reported revenue of ₹11,300 Cr in Q4 FY26, representing a +16.2% change compared to the same quarter last year.
What guidance did Go Digit General management give for FY27?
New specialty lines target 1,000 Cr premium in 3-5 years: Management plans to develop niche commercial lines, aiming for ~1,000 crore premium over 3-5 years. Motor OD loss ratio to stabilize by Q2 FY27: Corrective actions taken in Q4 should stabilize motor OD loss ratio by July-September 2026, then reduce. Crop insurance direct participation in FY27: Company plans to participate directly in crop insurance tenders in FY27, building on capability development.
What are the key risks for Go Digit General in FY27?
Key risks include Motor TP price hike delay — No TP price hike for fifth consecutive year; industry loss ratios may remain under pressure.; EUM regulatory compliance — Company's EUM is above peers due to business mix; regulatory action on expense management may impact growth.; Fire segment net loss ratio deterioration — Net loss ratio in fire increased due to two large claims; gross ratio stable but net impacted by reinsurance costs..
Did Go Digit General meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Go Digit General Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.