Go Digit posts 20% rise in Q1 profit amid lower claims, rising premiums

Go Digit General Insurance Ltd. reported a 19.7% quarter-on-quarter increase in net profit for the quarter ended June 2025, as lower claims payouts and higher premium collections helped offset a decline in total income.

The company’s profit after tax (PAT) stood at Rs 138.33 crore in Q1 FY26, compared to Rs 115.61 crore in the quarter before that.

Gross premiums written rose 15.7% to Rs 2,981.80 crore from Rs 2,576.38 crore in Q4 FY25. Total income, however, fell 23.7% to Rs 2,179.46 crore from Rs 2,855.18 crore in the previous quarter.

In terms of segment-wise gross premiums, the motor insurance business recorded a 4.1% sequential increase, rising to Rs 1,429.98 crore in Q1 FY26 from Rs 1,373.31 crore in Q4 FY25. 

However, premiums from the health group and corporate segment declined 18.7% quarter-on-quarter to Rs 268.54 crore, down from Rs 330.29 crore in the previous quarter.

Claims paid during the quarter dropped sharply by a third to Rs 902.53 crore, down from Rs 1,353.61 crore in the previous quarter. The change in outstanding claims—claims incurred but not yet paid—rose 11.8% to Rs 408.80 crore.

Net commission expenses declined 4.4% quarter-on-quarter to Rs 572.07 crore. Employee benefits expense rose 59.3% to Rs 89.94 crore, while other expenses increased 28.9% to Rs 56.41 crore.

Total expenses dropped 15.1% to Rs 2,058.58 crore from Rs 2,426.12 crore last quarter.