Go Digit Motor TP first-half loss widens to Rs 296.80 crore

Go Digit General Insurance Limited reported a Rs 296.80 crore loss in its motor third-party, or Motor TP, segment for the six months ended September 30, 2026, compared with a Rs 220.78 crore loss a year earlier, despite Motor TP insurance revenue rising to Rs 2,120.77 crore from Rs 1,921.97 crore.

How did Go Digit's Motor TP segment perform in the first half?

Go Digit's Motor TP segment loss widened by Rs 76.02 crore year on year to Rs 296.80 crore in the six months ended September 30, 2026. Insurance revenue increased by Rs 198.80 crore over the corresponding six months of 2025, but the reported segment result moved further into loss.

Motor TP reported insurance revenue of Rs 1,066.05 crore in the three months ended September 30, 2026, compared with Rs 1,054.66 crore in the preceding three months ended June 30, 2026. The segment loss was Rs 157.55 crore in the September quarter, compared with Rs 139.25 crore in the June quarter.

The quarterly comparison shows that revenue rose by Rs 11.39 crore between June and September 2026, while the loss increased by Rs 18.30 crore. Go Digit's segment filing separately reports insurance service expenses and reinsurance-contract income or expenses, while the segment profit or loss also reflects the segment insurance finance result.

Why is Motor TP Go Digit's largest insurance segment?

Motor TP was Go Digit's largest disclosed segment by insurance revenue in the six months ended September 30, 2026, at Rs 2,120.77 crore. This was Rs 838.50 crore above Motor own-damage, or Motor OD, revenue of Rs 1,282.27 crore and Rs 1,345.63 crore above health revenue of Rs 775.14 crore.

Motor TP was also the largest segment by total segment insurance assets or liabilities at September 30, 2026, with Rs 11,388.36 crore. That balance was higher than Rs 11,266.93 crore at June 30, 2026 and Rs 10,105.71 crore at September 30, 2025.

Motor TP's September 2026 insurance assets or liabilities exceeded Motor OD's Rs 1,241.09 crore and health's Rs 1,101.87 crore. The segment's reported reinsurance assets or liabilities were Rs 500.58 crore, up from Rs 359.53 crore a year earlier, but below fire's Rs 1,473.92 crore.

The scale comparison makes the Motor TP result distinct within Go Digit's portfolio: it generated the highest segment revenue but reported a loss. Motor OD had lower revenue of Rs 1,282.27 crore but reported a Rs 497.52 crore first-half segment profit.

How did Motor TP compare with Go Digit's other major segments?

Motor OD was Go Digit's largest profitable disclosed segment in the six months ended September 30, 2026, with a profit of Rs 497.52 crore, compared with Rs 450.15 crore a year earlier. Its insurance revenue increased to Rs 1,282.27 crore from Rs 1,135.77 crore, in contrast to Motor TP's Rs 296.80 crore loss on Rs 2,120.77 crore of revenue.

Health reported a Rs 45.49 crore segment profit in the six months ended September 30, 2026, almost unchanged from Rs 45.19 crore in the prior-year period. Health insurance revenue declined to Rs 775.14 crore from Rs 905.80 crore, showing that the revenue direction differed from the increase recorded in Motor TP.

Fire produced a Rs 106.03 crore first-half segment profit, down from Rs 147.02 crore in the corresponding 2025 period, while insurance revenue declined to Rs 454.75 crore from Rs 520.82 crore. Personal accident reported Rs 19.80 crore of profit, compared with Rs 13.34 crore, and engineering reported Rs 17.89 crore, compared with Rs 10.26 crore.

How did the Motor TP result fit Go Digit's company-level performance?

Go Digit reported total insurance revenue of Rs 5,386.09 crore for the six months ended September 30, 2026, up from Rs 5,152.38 crore a year earlier. Its insurance service result, however, fell to Rs 157.07 crore from Rs 285.83 crore, while total investment income increased to Rs 974.87 crore from Rs 798.19 crore.

Profit for the period was Rs 521.00 crore for the first half, compared with Rs 538.23 crore in the corresponding six months of 2025. The reported insurance service margin was 5.9%, down from 16.1%, and the combined operating ratio was 94.1%, compared with 83.9%.

Total assets stood at Rs 29,650.91 crore on September 30, 2026, compared with Rs 27,744.29 crore on March 31, 2026. Insurance contract liabilities rose to Rs 17,860.33 crore from Rs 16,645.93 crore, while total equity increased to Rs 8,137.39 crore from Rs 7,609.95 crore.

Go Digit stated that these results follow Indian Accounting Standards, or Ind AS, after its April 1, 2025 transition date. The company said insurance contract liabilities and reinsurance contract assets were determined by its appointed actuary under actuarial principles and the requirements of Ind AS 117.

What disclosures should readers monitor after Go Digit's results?

Go Digit said its insurance-business expenses exceeded regulatory limits under the Insurance Regulatory and Development Authority of India, or IRDAI, Expenses of Management regulations for the six months ended September 30, 2026. The company said it submitted information to the IRDAI seeking forbearance for the financial year ended March 31, 2026.

The company also said quarterly results are not indicative of expected full-year performance because insurance business is seasonal. That qualification applies to the Rs 157.55 crore Motor TP loss in the September 2026 quarter as well as Go Digit's Rs 521.00 crore company-wide first-half profit.

Tax effects of Ind AS-specific adjustments have been recognised as deferred tax while industry-level representations with relevant authorities remain ongoing, according to the filing. Go Digit also said current and previous-period financial results may require adjustments if reporting requirements, standards, IRDAI guidance, tax guidance or permitted Ind AS 101 exemptions change.

Conclusion

Go Digit's September 2026 segment disclosure shows that Motor TP was its largest reported insurance business by first-half revenue of Rs 2,120.77 crore and by segment insurance assets or liabilities of Rs 11,388.36 crore. Its Rs 296.80 crore loss widened from Rs 220.78 crore even as revenue grew, contrasting with profits in Motor OD, fire, health and several smaller lines.

Readers should watch changes in Motor TP revenue and segment losses in subsequent disclosures, alongside the outcome of Go Digit's request for regulatory forbearance on expenses. The company also disclosed that its proposed scheme remains subject to approvals including those from the IRDAI and the National Company Law Tribunal after its equity-shareholder meeting on November 5, 2026.