Go Digit Q4 result: Profit surges 119% to Rs 116 crore

For FY25, Go Digit General Insurance's PAT rose 133.5 percent to Rs 425 crore.

Go Digit General Insurance's March quarter profit after tax (PAT) surged 118.9 percent to Rs 116 crore from the year-ago period, the company said on April 28.

For FY25, PAT rose 133.5 percent to Rs 425 crore from Rs 182 crore in FY24.

Gross written premium (GWP) for Q4 grew by 10.3 percent to Rs 2,576 crore. For the full year, it was up 14 percent at Rs 10,282 crore, the company said.

Without the impact of 1/n basis accounting changes, growth was even stronger at 13.5 percent for the quarter and 15.6 percent for the year, the company said in an investor presentation.

Assets under management (AUM) grew 25 percent year-on-year to Rs 19,703 crore as of March 31, 2025.

Return on Average Equity (ROAE) for FY25 improved significantly to 13.0 percent, compared to 7.5 percent in the previous year.

Despite the strong profitability, the company’s combined ratio rose to 111.3 percent in Q4 compared to 108.8 percent a year earlier.

For the full fiscal, the combined ratio stood at 109.3 percent, marginally up from 108.7 percent in FY24.

Loss ratio increased to 76.5 percent in the March quarter from 72.2 percent in the year-ago period.

Go Digit’s solvency ratio improved to 2.24x , above the regulatory threshold of 1.5x.

In its investor presentation, the company highlighted its growing digital footprint, stating that 48.2 percent of policies in FY25 were issued via API integrations.

Its partner network expanded more than 71,000 members, helping drive product diversification and customer reach.