Go Digit General Insurance Limited reported a strong performance for the fourth quarter ended March 31, 2025 (Q4 FY25), delivering significant growth in profitability and business volumes.
The company’s Profit After Tax (PAT) for Q4 FY25 surged 118.9% year-on-year to ₹116 crore, compared to ₹53 crore in Q4 FY24. For the full financial year FY25, PAT stood at ₹425 crore, registering a growth of 133.5% YoY over ₹182 crore reported in FY24. The strong profitability resulted in an improved Return on Average Equity (ROAE) of 13.0% for FY25, up from 7.5% in the previous year.
In terms of business expansion, Gross Written Premium (GWP) for Q4 FY25 rose to ₹2,576 crore, reflecting a 10.3% YoY growth from ₹2,336 crore in Q4 FY24. On a full-year basis, GWP increased 14.0% to ₹10,282 crore, up from ₹9,016 crore in FY24. Excluding the 1/n accounting impact, GWP for Q4 FY25 grew 13.5%, and for FY25, it expanded 15.6%.
The company’s Assets Under Management (AUM) witnessed a 25% jump to ₹19,703 crore as of March 31, 2025, compared to ₹15,764 crore a year ago. This robust growth in AUM further supports higher investment income potential going forward.
However, the company reported a Combined Ratio (COR) of 111.3% for Q4 FY25, slightly higher than 108.8% in Q4 FY24, mainly due to an uptick in loss ratios across multiple segments. For the full FY25, the COR stood at 109.3% versus 108.7% last year. Excluding the 1/n basis impact, the combined ratio was relatively stable at 108.6%.
The Solvency Ratio as of March 31, 2025, stood strong at 2.24x, comfortably above the regulatory requirement of 1.5x.
Key Highlights from Go Digit Q4 and FY25 results:
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Q4 PAT: ₹116 crore, up 118.9% YoY.
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FY25 PAT: ₹425 crore, up 133.5% YoY.
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Q4 GWP: ₹2,576 crore, up 10.3% YoY.
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FY25 GWP: ₹10,282 crore, up 14.0% YoY.
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Assets Under Management: ₹19,703 crore, up 25% YoY.
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Combined Ratio (COR): 111.3% in Q4 FY25 and 109.3% for FY25.
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Solvency Ratio: 2.24x as of March 31, 2025.
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ROAE: 13% for FY25, versus 7.5% in FY24.
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Expense Ratio: Improved from 38.4% in FY24 to 36.5% in FY25.
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Investment Yield: Held strong at 7.2% for Q4 FY25.
Go Digit also continues to strengthen its digital capabilities with 48.2% of its policies issued via APIs in FY25 and ongoing investments in AI-ML-driven underwriting and customer servicing models.
The company remains focused on profitable growth, leveraging its advanced tech platform, diversified product suite, and expanded partner network, covering over 71,870 partners as of March 2025.
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