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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Gross written premium grew 15.6% YoY (without one-by-end), with strong gains in motor and fire segments. Profit after tax rose to INR 117 crore, and combined ratio improved to 109.9%. Deferred acquisition cost disclosure enhances transparency, while high two-wheeler growth impacts profitability.
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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 grew strongly, outpacing industry growth rates. Combined ratio and loss ratios improved, with profitability driven by core insurance operations and disciplined underwriting. Regulatory changes and competitive pressures in group health and motor TP remain key risks.
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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.