Go Digit General Insurance
354.60
+0.70(+0.20%)
Market Cap₹32,676.00 Cr
PE Ratio70.73
IndustryInsurance
Company Performance:
1D+0.20%
1M-0.38%
6M+17.24%
1Y+2.03%
5Y+15.88%
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More news about Go Digit General Insurance
04Jul 25
Bombay High Court Quashes ₹170 Crore Tax Demand Against Go Digit General Insurance
Go Digit General Insurance has successfully challenged a ₹170 crore tax demand in the Bombay High Court. The court ruled in favor of the insurance company, cancelling the substantial tax liability. This decision is expected to positively impact Go Digit's financial position and may set a precedent for similar cases in the insurance industry. The ruling highlights the complexities in interpreting tax laws in the insurance sector.
20Jun 25
Go Digit General Insurance Faces Potential Impact as Government Proposes 10% Hike in Motor Insurance Premiums
The Indian government has proposed a 10% increase in third-party motor insurance premiums. This change could significantly impact insurance providers across India, including Go Digit General Insurance. The proposal is expected to affect pricing strategies, revenue projections, and potentially lead to industry-wide adjustments in policy pricing and coverage offerings. Vehicle owners may face higher insurance costs if the proposal is implemented. Insurance companies will need to monitor developments closely and strategize to navigate the changing regulatory landscape.
18Jun 25
Go Digit Reports: Motor Third-Party Premium Hike Could Boost Industry Profitability
Go Digit General Insurance's report indicates that an 18% increase in motor third-party premiums could improve India's insurance combined ratio by 400-500 basis points. This potential change could enhance profitability, increase financial stability, and allow for reinvestment in the sector. The impact would likely affect the entire motor insurance segment in India.
06Jun 25
Road Ministry Weighs 18% Hike in Motor Third Party Premiums for FY26
The Indian Road Ministry is considering an average 18% increase in motor third party insurance premiums for FY26, as proposed by the Insurance Regulatory and Development Authority of India (IRDAI). This potential hike could lead to higher costs for vehicle owners but may improve profitability for insurers and enhance coverage. The decision is still under evaluation, with implications for both the insurance and automotive sectors.
29Apr 25
Go Digit General Insurance Reports 119% Surge in Q4 Profit, 134% Growth in FY 2025
Go Digit General Insurance Limited reported significant profit growth for Q4 and FY 2025. Q4 profit after tax increased by 118.9% to ₹116.00 crore, while FY 2025 profit grew by 133.5% to ₹425.00 crore. Gross written premium for Q4 rose by 10.3% to ₹2,576.00 crore, and FY 2025 GWP grew by 14% to ₹10,282.00 crore. The company's solvency ratio improved to 2.24x, and assets under management increased by 25% to ₹19,703.00 crore. Growth was reported across motor, health, travel, personal accident, and fire insurance segments.
28Apr 25
GO DIGIT GENERAL INSURANCE Reports Strong Q4 and FY25 Financial Results
Go Digit General Insurance Ltd has reported impressive financial results for Q4 and FY 2024-25. Q4 net profit surged 120.1% YoY to ₹1.16 billion, while full-year PAT more than doubled to ₹425.00 crore. The company's GWP for FY25 increased by 14% to ₹10,282.00 crore. Return on Average Equity improved to 13.0% from 7.5% in FY24. The solvency ratio strengthened to 2.24x, well above the regulatory requirement. Assets Under Management grew by 25% to ₹19,703.00 crore. The company saw growth across various insurance segments, including motor, health, travel, and personal accident insurance.
13Mar 25
Go Digit's Subsidiary Secures IRDAI R2 Licence for Reinsurance Operations
Value Attics Reinsurance, a subsidiary of Go Digit General Insurance, has received an R2 licence from IRDAI to operate as a reinsurance company in India. This approval allows the company to commence reinsurance operations, potentially enhancing Go Digit's risk management capabilities, market presence, and revenue streams. The entry of Value Attics Reinsurance may increase competition in the sector and contribute to the growth of India's insurance and reinsurance ecosystem.
Go Digit General Insurance
354.60
+0.70
(+0.20%)
1 Year Returns:+2.03%