News ArticleGo Digit General Insurance Reports ₹208 Crore Profit After Tax in Q2 FY27 with 2.40x Solvency Ratio
Insurance revenue rises to ₹2,720 crore in Q2 FY27 as company sustains underwriting discipline amid a soft market
Go Digit General Insurance declared its financial results for Q2 FY27, reporting an Insurance Revenue of ₹2,720 crore and Profit After Tax (excluding mark to market impacts) of ₹208 crore. The solvency ratio remained strong at 2.40x, exceeding regulatory requirements, despite a slight decline in profit compared to Q2 FY26. The company maintained underwriting discipline and assets under management grew by 15.9% to ₹24,371 crore as of September 30, 2026.
Go Digit General Insurance Limited
Investor Presentation
Go Digit General Insurance Limited announced its financial results for the quarter ended September 30, 2026, posting an Insurance Revenue of ₹2,720 crore and a Profit After Tax of ₹208 crore, excluding mark to market impacts. Despite a challenging market, the company maintained strong solvency at 2.40x and showed growth in assets under management.
The company’s Insurance Revenue for Q2 FY27 was ₹2,720 crore, marginally higher than ₹2,675 crore in Q2 FY26. Gross Direct Premium and Gross Written Premium showed slight declines of 1.2% and 3.6% respectively compared to the prior year period, with business adjustments reflecting strategic non-renewal of less profitable segments.
Profit Before Tax excluding mark to market impacts was ₹278 crore for Q2 FY27, down from ₹370 crore in Q2 FY26. After further excluding flood loss, Profit Before Tax stood at ₹341 crore compared to ₹380 crore the previous year. Profit After Tax followed a similar trend with ₹208 crore reported versus ₹277 crore a year ago, improving to ₹255 crore excluding flood loss.
Go Digit’s Combined Insurance Service Ratio (CISR) increased to 99.8% in Q2 FY27 from 94.9% in Q2 FY26, reflecting underwriting and operational costs. Excluding flood loss, CISR was 97.4% for the quarter. The claims ratio measured at 62.4% also contributed to the combined ratio.
As of September 30, 2026, the company’s assets under management grew by 15.9% year-on-year to ₹24,371 crore from ₹21,019 crore as of September 30, 2025.
The solvency ratio, calculated on an IGAAP basis, was 2.40x at quarter-end, above the IRDAI mandated minimum of 1.50x, indicating strong capital adequacy and risk coverage capability.
Highlights
- Q2 FY27 Insurance Revenue: ₹2,720 crore, up slightly from ₹2,675 crore in Q2 FY26
- Q2 FY27 Profit After Tax (Excluding MTM): ₹208 crore versus ₹277 crore in Q2 FY26
- Profit Before Tax excluding MTM and flood loss was ₹341 crore in Q2 FY27
- Combined Insurance Service Ratio increased to 99.8% for Q2 FY27; 97.4% excluding flood loss
- Assets Under Management reached ₹24,371 crore as of September 30, 2026, a 15.9% increase year-on-year
- Solvency ratio stood at 2.40x, well above the regulatory minimum of 1.50x
Key Data Snapshot
Financial performance
- Insurance Revenue for Q2 FY27 increased marginally to ₹2,720 crore from ₹2,675 crore in Q2 FY26.
- Gross Direct Premium and Gross Written Premium experienced slight declines due to selective non-renewal of health reinsurance and government health business.
- Profit Before Tax excluding mark to market impacts declined to ₹278 crore in Q2 FY27 from ₹370 crore in Q2 FY26.
- Profit After Tax excluding mark to market impacts was ₹208 crore in Q2 FY27 compared to ₹277 crore in Q2 FY26.
- Excluding flood loss, profit measures improved with Profit After Tax at ₹255 crore for Q2 FY27.
- The Combined Insurance Service Ratio increased to 99.8%, signaling higher claim and operating costs during the quarter.
- Assets under management grew by 15.9% year-on-year to ₹24,371 crore as on September 30, 2026.
- The solvency ratio remained strong at 2.40x, well above the statutory minimum of 1.50x as per IRDAI norms.
Regulatory and governance context
- Financial results from Q1 FY26 onwards are reported under Indian Accounting Standards (Ind AS) as prescribed by IRDAI with transition effective April 1, 2025.
- The company continues to maintain required solvency levels as per IRDAI, ensuring regulatory compliance and financial stability.
Background and context
- Go Digit General Insurance is a digital full-stack non-life insurance company offering motor, health, travel, property, marine, and liability insurance products.
- The company focuses on innovation and customer experience through technology-enabled product design and distribution.
Highlights
- Q2 FY27 Insurance Revenue: ₹2,720 crore, up slightly from ₹2,675 crore in Q2 FY26
- Q2 FY27 Profit After Tax (Excluding MTM): ₹208 crore versus ₹277 crore in Q2 FY26
- Profit Before Tax excluding MTM and flood loss was ₹341 crore in Q2 FY27
- Combined Insurance Service Ratio increased to 99.8% for Q2 FY27; 97.4% excluding flood loss
- Assets Under Management reached ₹24,371 crore as of September 30, 2026, a 15.9% increase year-on-year
- Solvency ratio stood at 2.40x, well above the regulatory minimum of 1.50x
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- IRDA Circular No. IRDAI/F&I/CIR/MISC/92/7/2026 dated 8 July 2026
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