Insurtech firm Go Digit profit before tax rises 36.9% to Rs 163 crore in Q3 FY26

Insurtech firm Go Digit General Insurance reported profit before tax of Rs 163 crore in Q3 FY26, compared with Rs 119 crore in Q3 FY25. This represents a year-on-year increase of 36.9%. Profit after tax for the quarter stood at Rs 140 crore, up 17.6% year-on-year.

For the nine months ended December 2025, profit before tax reached Rs 459 crore, higher than the full-year FY25 profit before tax of Rs 425 crore.

Profit after tax for the nine-month period increased to Rs 395 crore from Rs 309 crore in the corresponding period of the previous year. Gross Direct Premium increased by 20.9% year-on-year to Rs 2,557 crore in Q3 FY26.

Gross Written Premium rose by 8.7% to Rs 2,909 crore during the same period. For the nine-month period, Gross Direct Premium stood at Rs 7,444 crore compared with Rs 6,491 crore in 9M FY25, while Gross Written Premium increased to Rs 8,558 crore from Rs 7,706 crore.

Net Premium Written was about Rs 2,148 crore in the quarter and was lower than last year by around 4%. Net Premium Earned stood at Rs 2,160.1 crore, showing a year-on-year increase of around 4%.

Total income for the quarter was Rs 2,497.7 crore, while total expenses were Rs 2,386.1 crore. Assets under management stood at Rs 22,509 crore as of December 31, 2025, compared with Rs 18,939 crore a year earlier.

During FY25-26 so far (April to December 2025), the company reported about 1.21 crore policies sold.

Since inception in 2017 and up to December 31, 2025, the company has issued policies covering about 8.1 crore people. Go Digit reported a market share of 3.4% in total insurance and 6.5% in motor insurance, based on 9M FY26 Gross Written Premium.

For Q3 FY26, the loss ratio stood at 72.5% compared with 72.9% in Q3 FY25. The expense ratio increased to 38.2% from 35.2% a year earlier. The combined ratio with 1/n basis was 110.7% compared with 108.1% last year. Without the 1/n basis, the combined ratio was reported at 108.6%.

On an IFRS basis, excluding discounting benefit, the combined ratio was 105.0% compared with 106.2% in the year-ago quarter.

Motor insurance remained the largest business segment for the company. Motor Gross Written Premium grew by 23.4% year-on-year during the quarter, compared with industry growth of 11.5%. Net Premium Earned from the motor segment increased by about 9% year-on-year to Rs 1,511.6 crore.

The health, travel and personal accident segment recorded a decline during the quarter. Gross Written Premium in this segment fell by 31.1% year-on-year, while the industry reported growth of 28.7%. Net Premium Earned from corporate health insurance declined to about Rs 300 crore.

Net Premium Earned from government health insurance declined to about Rs 46.8 crore.

Among other segments, Net Premium Earned from fire insurance increased to about Rs 36.3 crore. The marine segment reported Net Premium Earned of about Rs 2 crore, higher than the same quarter last year.

The solvency ratio stood at 2.30 times as of December 31, 2025, compared with 2.24 times as of March 31, 2025. This remained above the regulatory minimum requirement of 1.50 times.