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Informist, Tuesday, Apr. 28, 2026

 

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--Go Digit Jan-Mar net profit INR 1.49 bln vs INR 1.16 bln year ago 
--Go Digit Jan-Mar total income INR 31.12 bln vs INR 28.55 bln year ago 
--Go Digit Jan-Mar gross premium written INR 27.36 bln vs INR 25.76 bln 
--Go Digit Jan-Mar net premium written INR 21.13 bln vs INR 20.34 bln yr ago 
--Go Digit FY26 net profit INR 5.44 bln vs INR 4.25 bln year ago 
--Go Digit FY26 total income INR 101.97 bln vs INR 94.80 bln year ago 
--Go Digit: Solvency ratio at 2.42 times on Mar 31 vs 2.30 times qtr ago 
--Go Digit: Incurred claim ratio 75.2% on Mar 31 vs 72.5% qtr ago 
--Go Digit: Combined ratio 111.6% on Mar 31 vs 110.7% qtr ago 
--Go Digit: AUM at INR 229.22 bln on Mar 31 vs INR 197.03 bln year ago 
 

By Kabir Sharma

 

MUMBAI – Go Digit General Insurance Ltd. reported a sharp increase in net profit for the quarter ended March on the back of a fall in claims paid and a rise in other income. A sharp rise in outstanding claims limited the rise in the insurer's bottom line.  

 

The insurer reported a net profit of INR 1.49 billion for the quarter ended March, up almost 30% on year. The bottom line was up 7% on quarter. Gross premiums written, the main source of income for the company, rose 6.2% on year to INR 27.36 billion for the reporting quarter. 

 

Claims paid by the insurer fell 13.1% on year to INR 11.76 billion in the March quarter. Contribution from shareholders funds, a part of other income, rose 45% to INR 4.69 billion, supporting the bottom line. Income from investments also rose 20% on year to INR 3.41 billion. 

 

The combined ratio of the insurer rose to 111.6% as on Mar. 31, up from 110.7% a quarter ago. Solvency ratio also improved to 2.42 times in March from 2.30 times a quarter ago. The assets under management of the insurer rose 16.3% on year to INR 229.22 billion.  

 

The rise in bottom line was limited due to a rise in expenses. Outstanding claims rose over 50% on year to INR 5.55 billion. Employee expenses also rose over 60% to INR 916 million. 

 

The change in unrealised gains for 2025-26 (Apr-Mar) led to a loss of INR 6.92 billion, including INR 1.98 billion from the equity portfolio and INR 4.94 billion from the debt portfolio. In comparison, the same period in the previous year recorded a gain of INR 3.78 billion. "Fixed income bond yields went up sharply in March on the back of higher crude oil prices and weakening currency owing to the Middle East war situation. The equity markets also corrected sharply since March owing to the war situation," the insurer said in a release. 

 

For the full year, the company reported a net profit of INR 5.44 billion, up from INR 4.25 billion year ago. Total income of the company rose to INR 101.97 billion from INR 94.80 billion year ago. Shares of the insurer ended 1% lower at INR 316.80 on the National Stock Exchange Tuesday. It announced its latest quarter earnings after market hours.  End

 

Edited by Tanima Banerjee

 

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