Go Digit Q4 Profit Soars 119% YoY to ₹116 Crore

29 Apr 2025 , 11:28 PM

Go Digit General Insurance reported a good Q4FY25 with net profit more than doubling to ₹116 crore, up 118.9% from last year’s same quarter of ₹53 crore. The stellar quarter-on-quarter increase in profit was aided by better investment income and consistent growth in premium collections.

For the full year FY25, the company’s profit after tax skyrocketed to ₹425 crore, which represents an impressive 133.5% hike from ₹182 crore recorded in FY24.

The Gross Written Premium (GWP) in the March quarter was at ₹2,652 crore, indicating a robust 13.5% rise year-on-year. For the complete financial year, Go Digit achieved a GWP of ₹10,419 crore and registered a strong 15.6% growth year-on-year.

Return on Average Equity (ROAE) also strengthened considerably to 13% in FY25 from 7.5% in FY24 reflecting better capital efficiency and profitability. Assets Under Management (AUM) increased by 25% year-on-year to ₹19,703 crore as of March 31, 2025, from ₹15,764 crore last year.

The combined ratio of the insurer for Q4FY25 was at 109.7%, marginally above 108.8% in the corresponding quarter last year, reflecting steady underwriting performance.

For the year as well, the combined ratio improved modestly, slipping to 108.6% in FY25 from 108.7% in FY24, demonstrating tight cost control. Go Digit’s solvency ratio improved to 2.24x as of March end 2025, well above the regulatory stipulation of 1.50x and up from 1.61x a year before.