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Go Digit General Insurance Ltd

| Audited Results for the Quarter and Year Ended March 31, 2026

BULLISH SENTIMENT

Report Source

⬤28th Apr 26

Summary : Go Digit General Insurance reported strong FY26 financial growth with increased premiums and profit, improved solvency, and strategic amalgamation plans, while addressing regulatory expense limits and new labor code impacts.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Commissions & Brokerage: ₹2,34,424 lakhs (FY26) vs ₹2,22,837 lakhs (FY25).
  2. Employees' remuneration and welfare expenses: ₹36,828 lakhs (FY26) vs ₹32,152 lakhs (FY25).
  3. Other operating expenses: ₹43,430 lakhs (FY26) vs ₹45,610 lakhs (FY25).
  4. Incurred Claims Paid: ₹4,48,717 lakhs (FY26) vs ₹3,87,168 lakhs (FY25).
  5. Change in Outstanding Claims (Incl. IBNR IBNER): ₹1,64,585 lakhs (FY26) vs ₹1,98,728 lakhs (FY25).
  6. Total Expense: ₹9,27,984 lakhs (FY26) vs ₹8,86,495 lakhs (FY25).
  7. Gross Premium Written: ₹11,29,409 lakhs (FY26) vs ₹10,28,214 lakhs (FY25).
  8. Net Premium Written: ₹8,32,133 lakhs (FY26) vs ₹8,23,081 lakhs (FY25).
  9. Premium Earned (Net): ₹8,41,434 lakhs (FY26) vs ₹8,04,596 lakhs (FY25).
  10. Income from investments: ₹1,31,274 lakhs (FY26) vs ₹1,10,910 lakhs (FY25).
  11. Total Income: ₹10,19,723 lakhs (FY26) vs ₹9,47,952 lakhs (FY25).
  12. Segment-wise revenue reported for Fire, Marine, Health, Motor, Miscellaneous, and Crop insurance.
  13. Net cash from operating activities: ₹2,02,569 lakhs (FY26) vs ₹1,60,403 lakhs (FY25).
  14. Net cash from investing activities: (₹2,01,918) lakhs (FY26) vs (₹2,83,743) lakhs (FY25).
  15. Net cash from financing activities: (₹2,810) lakhs (FY26) vs ₹1,09,204 lakhs (FY25).
  16. Share Capital: ₹92,450 lakhs (FY26) vs ₹92,303 lakhs (FY25).
  17. Reserves and Surplus: ₹3,71,635 lakhs (FY26) vs ₹3,44,107 lakhs (FY25).
  18. Total Investments: ₹22,70,266 lakhs (FY26) vs ₹19,46,402 lakhs (FY25).
  19. Current Liabilities: ₹16,11,380 lakhs (FY26) vs ₹12,90,406 lakhs (FY25).
  20. Provisions: ₹3,80,258 lakhs (FY26) vs ₹3,89,318 lakhs (FY25).
  21. Not applicable for this half-yearly filing period.
  22. The report presents standalone financial results for Go Digit General Insurance Limited.

Corporate Overview

  1. India
  2. Expenses exceeding regulatory limits set by IRDAI.
  3. Impact of new Labour Codes on employee benefit obligations.
  4. Seasonality of the insurance industry affecting quarterly performance.
  5. Reliance on Appointed Actuary for actuarial valuation of liabilities.
  6. General insurance business in India.
  7. Formal and compliant, reporting financial results and key appointments.
  8. Acknowledging regulatory challenges and seeking forbearance.
  9. Retail customers
  10. Group/Corporate customers
  11. Government schemes beneficiaries
  12. Fire insurance
  13. Marine insurance
  14. Health insurance (Retail, Group/Corporate, Government)
  15. Motor insurance
  16. Miscellaneous insurance (Retail, Group/Corporate)
  17. Crop insurance
  18. Amalgamation scheme with Go Digit Infoworks Services Private Limited.
  19. Subject to various regulatory and shareholder approvals.

Risk Factors

  1. Expenses exceeding IRDAI regulatory limits.
  2. Impact of new Labour Codes on employee benefits.
  3. Seasonality of the insurance industry.
  4. Reliance on actuarial estimates for claims liabilities.

Key Drivers

  1. Strong growth in gross and net premiums.
  2. Significant increase in profit after tax.
  3. Improved solvency ratio indicates financial strength.
  4. Strategic amalgamation plans for future growth.

Auditor’s Report

  1. Unmodified opinion on the financial results.
  2. Actuarial valuation of liabilities (IBNR, IBNER, PDR) is a key audit matter.
  3. Auditors relied on the Appointed Actuary's certificate for these valuations.

Board Commentary

  1. Appointment of Mr. Ajaysinh Bharatsinh Jadeja as Chief Legal Claims and Investigation Officer.
  2. Mr. Jadeja designated as Senior Managerial Personnel and Key Management Person.
  3. Dividend per share reported, but no explicit policy details.
  4. Expenses exceeding IRDAI regulatory limits.
  5. Impact of new Labour Codes on employee benefits.
  6. Expenses exceeding IRDAI regulatory limits, seeking forbearance.
  7. Impact of new Labour Codes on employee benefits and gratuity obligations.
  8. Board approved amalgamation scheme with Go Digit Infoworks Services Private Limited.

Corporate Governance

  1. Audit Committee and Nomination and Remuneration Committee are active.
  2. Board decisions based on committee recommendations.

Management Discussion & Analysis

Future Strategy

  1. Pursuing amalgamation with Go Digit Infoworks Services Private Limited.
  2. Seeking regulatory forbearance for expense limits.

Industry Overview

  1. Industry performance is seasonal, affecting quarterly results.

Operational Focus Areas

  1. Compliance with IRDAI regulations regarding expense limits.
  2. Managing employee benefit obligations under new Labour Codes.

Performance Drivers

  1. Growth in Gross and Net Premium Written.
  2. Increased income from investments.
  3. Improved Solvency Ratio.
  4. Higher Profit After Tax.

Risk Control Measures

  1. Seeking forbearance from IRDAI for expense limit breaches.

Critical Risks

  1. Expenses exceeding IRDAI regulatory limits.
  2. Financial impact of new Labour Codes on employee benefits.
  3. Reliance on actuarial estimates for claims liabilities.
Go Digit General Insurance Ltd (GODIGIT) Quarterly Report Analysis & Insights | Dhanarthi