Q1 2027 Go Digit General Insurance Ltd Earnings Call Transcript
Key Points
- Go Digit General Insurance Ltd (NSE:GODIGIT) has maintained a strong solvency ratio of 2.43%, providing a solid financial buffer.
- The company has increased its asset allocation in equities to 9.5%, resulting in unrealized gains of INR 268 crores.
- Net earned premium (NEP) has shown an increase of 8% compared to the previous year, indicating a positive trend in premium earnings.
- The company has been able to increase its AUM by approximately INR 500 crores in one quarter, showcasing strong asset management.
- Go Digit General Insurance Ltd (NSE:GODIGIT) has achieved a 26% growth in new business for two-wheelers, reflecting successful market penetration in this segment.
- The company's motor market share has decreased to 5.6% from 6.25% last year, primarily due to corrective actions in the private car segment.
- The gross written premium has declined by 8%, largely due to reduced reinsurance inward business in health and crop segments.
- The combined ratio has increased to 107.2%, indicating higher claims and expenses relative to earned premiums.
- The company has experienced a drop in profit after tax by 5% when excluding discounting and mark-to-market effects.
- There has been a significant de-growth of 37% in the fire business, attributed to a reduction in premium rates.
Ladies and gentlemen, good day and welcome to the Go Digit General Insurance Company Limited Q1 FY27 Earnings Conference Call hosted by ICICI Securities Limited.
(Operator Instructions)
I now hand the conference over to Mr. Ansuman Deb from ICICI Securities Limited. Thank you and over to you, sir.
Good evening, ladies and gentlemen. We are extremely delighted to host the management team of Go Digit General Insurance. I now hand over the call to Chairman, Mr. Kameshwar. Over to you, sir.
Thanks, Ranshuman, and good evening, everyone, and thanks for joining the earnings call for Q1-26-27. With me, I have Jasleen, our CEO, Ravi, our CFO, Piyush, Head of Investor Relations, and Divya, who works in the finance team and also with Piyush.
Let me just start by saying that this is our 10th earnings call, two years since we listed.
Let me also thank you for
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