Go Digit Q2 Profit Falls About 31% to Rs 142 Crore
The insurer's gross written premium fell 3.6% while insurance revenue rose 1.7% in the September quarter.
Key Takeaways
- Go Digit's Q2 FY27 net profit was Rs 142.39 crore, down about 31.1% from Rs 206.79 crore.
- Insurance revenue rose 1.7% to Rs 2,720.49 crore.
- Gross written premium fell 3.6% to Rs 2,571 crore.
- The claims ratio was 62.4% and the solvency ratio was 2.40 times.
- Assets under management were Rs 24,371 crore, up 15.9%.
Table of Contents 4 sections
Go Digit General Insurance reported a net profit of Rs 142.39 crore for the July to September 2026 quarter, down about 31.1% from Rs 206.79 crore a year earlier. The results were approved by the company's board on 5 November 2026.
Insurance revenue rose 1.7% to Rs 2,720.49 crore, but gross written premium fell 3.6% to Rs 2,571 crore. The claims ratio stood at 62.4% and the solvency ratio at 2.40 times.
Go Digit Q2 FY27 results at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Net profit | Rs 142.39 crore |
| Net profit a year earlier | Rs 206.79 crore |
| Change in net profit | Down about 31.1% |
| Insurance revenue | Rs 2,720.49 crore, up 1.7% |
| Gross written premium | Rs 2,571 crore, down 3.6% |
| Gross direct premium | Rs 2,351 crore, down 1.2% |
| Claims ratio | 62.4% |
| Expense ratio | 33.5% |
| Solvency ratio | 2.40 times |
How premiums, claims and investments moved in the quarter
Go Digit General Insurance sells motor, health and other general insurance policies. In the September quarter, its insurance revenue grew slightly while its gross direct premium fell 1.2% to Rs 2,351 crore and its gross written premium fell 3.6%.
Costs rose faster than revenue. The claims ratio was 62.4% and the expense ratio was 33.5%, which left an insurance service margin of 4.1%. Investment income was Rs 368.4 crore.
| Item | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Insurance revenue | Rs 2,720.49 crore | Rs 2,674.85 crore | Up 1.7% |
| Net profit | Rs 142.39 crore | Rs 206.79 crore | Down about 31.1% |
Excluding mark-to-market movements, profit after tax was Rs 208 crore. The company now reports its numbers under Ind AS, the accounting standard used in these results.
Where Go Digit stands after the September quarter
Go Digit ended September 2026 with assets under management of Rs 24,371 crore, up 15.9% from a year earlier. Its solvency ratio of 2.40 times is above the regulatory requirement of 1.50 times. The quarter's net profit of Rs 142.39 crore compares with Rs 206.79 crore in the same quarter of the last financial year.
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