Go Digit General Insurance (GODIGIT) Q2 25/26 earnings summary

Executive summary

• Gross written premium for H1 FY26 reached INR 5,649 crore, up from INR 5,029 crore in H1 FY25, with Q2 premium at INR 2,667 crore (one-by-end basis).

• Profit after tax for Q2 FY26 was INR 117 crore, compared to INR 89 crore in Q2 FY25, with a 14% tax rate applied.

• Customer base expanded to 7.6 crore, with 0.72 crore policies sold in FY 2025-26.

• Unaudited financial results for the quarter and half year ended September 30, 2025, were approved by the Board and reviewed by statutory auditors, with no material misstatements identified.

• Appointments of Mr. Giridhar Aramane as Non-Executive Independent Director and Mr. Michael Wallace as Non-Executive Director, both effective November 1, 2025, were approved.

Financial highlights

• Net earned premium for H1 FY26 was INR 3,953 crore, up from INR 3,715 crore in H1 FY25.

• Combined ratio for Q2 FY26 stood at 111.4%, compared to 112.2% in Q2 FY25; without one-by-end, it is 109.9%.

• Net worth increased to INR 4,290 crore from INR 3,805 crore YoY; solvency ratio improved to 2.26%.

• Unrealized gains as of September 30, 2025, were INR 677 crore, with equity at INR 326 crore.

• Earnings per share (basic and diluted) for Q2 FY26 stood at INR 1.26, up from INR 0.97 in Q2 FY25.

Outlook and guidance

• Growth rate without one-by-end is 15.6% vs. industry’s 10%; with one-by-end, growth is 12.6%.

• Management expects future benefit from accumulated deferred acquisition cost of INR 1,708 crore as premium is earned.

• H2 expected to see better growth in motor and SME segments, supported by macro indicators and potential TP rate hikes.

• No major change in management expenses anticipated for H2; continued investment in technology for productivity.

• Results are not indicative of full-year performance due to industry seasonality.