Go Digit Q4 FY26 profit rises as premium growth stays broad based

IGAAP profit before tax was 173 crore in Q4 FY2026 (116 crore in Q4 FY2025) and 632 crore in FY2026 (425 crore in FY2025). Under Ind AS KPI view (with DAC), profit before tax was 239 crore in Q4 FY2026 and 1,021 crore in FY2026.

Gross Direct Premium was 2,402 crore in Q4 FY2026 versus 1,981 crore in Q4 FY2025. For the year, Gross Direct Premium was 9,846 crore in FY2026 versus 8,472 crore in FY2025. Gross Written Premium was 2,736 crore in Q4 FY2026 versus 2,576 crore in Q4 FY2025, and 11,294 crore in FY2026 versus 10,282 crore in FY2025.

Solvency ratio was 2.42x as of March 31, 2026 (2.24x as of March 31, 2025), above the minimum regulatory requirement of 1.50x.

On Ind AS combined ratio on NEP with DAC, FY2026 was 105.7% versus 106.9% in FY2025; Q4 FY2026 was 105.8% versus 106.8% in Q4 FY2025. On Ind AS combined ratio (including reserve discounting), Q4 FY2026 was 99.1% versus 101.3% in Q4 FY2025.

AUM was 22,922 crore as of March 31, 2026 versus 19,703 crore as of March 31, 2025. Total investment income plus capital gains was 1,588 crore in FY2026 versus 1,321 crore in FY2025.

IRDAI has mandated Ind AS adoption from 1 April 2026. The company prepared and got FY2025-26 Ind AS financials audited as special purpose statements to aid comparability; management emphasized KPIs focused on NEP-based combined ratio plus DAC rather than reserve discounting or mark-to-market.

Management discussed fire segment net loss ratio deterioration driven by a few large claims but said gross fire loss ratio was more stable. It also noted corrective actions in motor OD loss ratio with expected improvement from the July-September quarter and highlighted a decision to not renew certain group health reinsurance business due to profitability considerations.