India · Delayed Price · Currency is INR Go Digit General Insurance Earnings Call Transcripts
Fiscal Year 2026
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Gross written premium and AUM saw strong double-digit growth, with profitability and ROE improving year-over-year. Segment performance was robust in two-wheeler and commercial lines, while regulatory and competitive pressures remain key risks.
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Q3 saw strong premium growth, improved IFRS combined ratio, and robust profit, driven by motor segment expansion and digital efficiencies. Strategic reinsurance and withdrawal from low-margin health business supported profitability, while solvency and AUM reached new highs.
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Premium and profit grew strongly year-over-year, with improved combined and loss ratios. Motor and fire segments outpaced industry growth, but high two-wheeler growth pressured profitability. Deferred acquisition cost benefit of INR 710 crore expected in H2.
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Profit before tax rose to INR 161 crore and PAT to INR 138 crore, with ROE at 3.4%. GWP grew 12.1% year-over-year, Fire business surged 40%, and solvency remains strong at 227%. Retention dropped in Q1 due to large Fire claims but is expected to normalize.
Fiscal Year 2025
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Profit more than doubled to ₹425 crore for FY25, with strong growth in GWP and improved combined ratio on NEP basis. Expense ratio reduced by 2.9%, solvency and net worth strengthened, and equity allocation increased. Competitive intensity remains high, but profitability and capital position are robust.
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Gross premium and profit after tax saw strong year-over-year growth, with improved combined and loss ratios. Disciplined underwriting and enhanced fraud detection drove profitability, while regulatory and accounting changes impacted premium recognition and expense ratios.
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Premiums grew 18% in H1 and 14% in Q2, outpacing the industry. Profit tripled year-over-year, with improved solvency and reduced expense ratio, despite higher loss ratios from flood claims. Confident in meeting EOM glide path and maintaining strong capital structure.
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Gross written premium grew 22.2% year-over-year to INR 2,650 crore, with strong gains in health, travel, and PA segments. Net worth and solvency improved post-IPO, while combined ratio and ROE also strengthened. Product mix is shifting toward non-motor lines.