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.