Go Digit General Insurance Ltd(GODIGIT)

NSE: GODIGITBSE: 544179

₹ 270-0.44%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 24,979 crWebsite: www.godigit.comUpdated: 24 Oct 2026

About

Go Digit General Insurance is a digital-first Indian non-life insurer offering motor, health, travel, property, marine, liability and other insurance, with 85+ products across retail, commercial and specialty lines. It wrote ₹11,294 cr in Gross Written Premium in FY26, and its reported revenue for FY26 was 8414.34 crore. It held an overall direct-premium market share of 3.4% in H1 FY26 and a motor OD market share of 6.2% in Q2 FY26.^[1][2][3]

Business segments

GWP mix in FY26: Motor 59.9%, Health, Travel & Personal Accident 18.3%, Fire 9.7%, Engineering 2.0%, other lines 10.1%.^[1]
Two-wheeler new business GWP was ₹546 cr in Q1 FY27, up 26% YoY from ₹433 cr in Q1 FY26; two-wheeler is 32% of motor GDPI.^[4]
Commercial lines (fire, marine, engineering, liability) combined grew ~53% in Q2 FY26; fire alone grew 34.2% in FY26 vs industry 13.4%.^[5]
Health/Travel/PA GWP fell 9.3% in FY26 after non-renewal of ~₹252 cr of loss-making government health reinsurance acceptances.^[2]

Products and customers

Offers 85+ products across retail, commercial and specialty lines as of FY26.^[1]
Offers climate-linked parametric products, including one of India's first moisture index-based parametric claims paid to farmers in Rajasthan (FY26).^[1]
Customers include individuals, private businesses, government-owned entities and institutional clients; operates only in India with no exports.^[1]
Settled 40.6 lakh claims since inception as of FY26; 83% of cashless health requests were approved within 30 minutes.^[1]
Customer satisfaction score in FY26 was 95.7% for motor claims and 83.3% for non-claims.^[1]

Key operating numbers

GWP was ₹2,731 cr in Q1 FY27, down 8.4% YoY; GDPI was ₹2,447 cr, down 2.4% YoY.^[4]
Net Earned Premium was ₹2,007 cr in Q1 FY27, up 7.6% YoY, with long-term advance premium balance of ₹3,387 cr.^[4]
Combined ratio was 107.2% in Q1 FY27 (104.3% discounting-adjusted); FY26 combined ratio was 105.7%, 1.2 pp better than FY25.^[4]
Loss ratio was 73.3% in Q1 FY27; motor OD loss ratio rose to 75.9% from 69.3% in Q1 FY26; motor TP loss ratio was 66.6%.^[4]
Net retention ratio was 76.7% in Q1 FY27 vs 65.4% in Q1 FY26 and 73.7% for FY26.^[4]
Solvency ratio was 2.43x in Q1 FY27 vs 2.42x at end of FY26.^[4][1]

Motor business

Motor OD market share hit 6.2% in Q2 FY26 and fell to 5.6% in Q1 FY27 after a pullback in private car SAOD and non-new-car renewals.^[5]
CV GWP fell 27% YoY in Q1 FY27; CV is ~23-24% of the motor book, down from 65% five years earlier.^[4]
Pricing and underwriting corrections in private car SAOD began in February 2026; management expected motor OD loss ratio to stabilise in Q2 FY27.^[4]

Commercial lines

Fire GDPI grew 41.8% in 9M FY26 vs industry 20.4%.^[6]
Fire GWP fell 37% in Q1 FY27 vs an industry decline of ~27.8%; fire rates are ~40-45% below peak.^[4]
FY27 reinsurance treaties added fire and engineering capacity, a new 11% whole-account cession on non-motor/non-health, and raised the cat limit from ₹1,600 cr to ₹2,000 cr.^[2]
Niche specialty commercial lines are being built, targeting ~₹1,000 cr GWP over three to five years.^[2]

Distribution and market position

Distribution partners include individual agents, POSPs, corporate agents, motor insurance service providers and brokers; served 98.5% of pincodes in FY26.^[1]
Overall direct-premium market share was 3.4% in H1 FY26.^[5]
GDPI grew 16.2% in FY26 vs industry 9.3%, and 21.3% in Q4 FY26 vs industry 10.9%.^[2]
Retail commercial distribution for fire, marine and engineering is being expanded to reduce reliance on facultative reinsurance accepted business.^[5]

Investment portfolio

Total AUM was ₹23,377 cr in Q1 FY27, up 14.2% YoY; equity (incl. REITs/InvITs) was 9.5% of AUM at book value.^[4]
Equity allocation rose from 2.4% in Sep 2024 to 6.4% in Mar 2025, 7.3% in Sep 2025 and 9.5% in Jun 2026.^[5]
Unrealised equity gains were ₹268 cr and fixed-income gains ~₹220 cr in Q1 FY27; fixed-income yield was 7.5-7.6% as of Q3 FY26.^[4][6]

Ownership and accounting

Promoted by Kamesh Goyal and FAL Corporation, a Fairfax Financial Holdings subsidiary; holding company Go Digit Infoworks Services holds 72.99% (FY26). No subsidiaries in FY26.^[1]
First multi-line non-life insurer in India to declare quarterly results under IndAS; IndAS PAT was ₹372 cr in Q1 FY27 vs ₹325 cr in Q1 FY26.^[4]
All accumulated IGAAP losses were wiped off in Q3 FY26; the full 25.2% tax rate applies from FY27.^[6]

Recent developments

Board approved amalgamation of holding company GDISPL into the company on December 19, 2025, pending regulatory approvals.^[1]
DIGIT and GO DIGIT trademarks were assigned to promoter-group entity Go Digit Solutions, with a new brand licence agreement signed (FY26).^[1]
Approval received to set up an IFSC Insurance Office at GIFT City (FY26).^[1]
CRISIL AA- rating placed on Rating Watch with Developing Implications (FY26).^[1]
IRDAI Expense of Management commission framework is expected to be finalised within FY27.^[4]

Market Cap

₹24,979 Cr

High / Low

₹373 / 232

Stock P/E

52.9

Price / Book

5.6

EPS

₹5.9

ROE

12.1%

Sales

₹8,414 Cr

Net Profit

₹544 Cr

Promoter holding

73.0%

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