Go Digit Q2 FY25 Earnings Results: GWP Grows 14% to ₹2,369 Cr, PAT Surges 221%

In Q2 FY25, Go Digit’s gross written premium reached ₹2,369 crore, up 14% from ₹2,074 crore in Q2 FY24. The company’s premium retention ratio decreased slightly to 81.4% from 87.8% last year. Profit after tax saw a significant increase of 221%, reaching ₹89 crore compared to ₹28 crore in Q2 FY24. 

As of September 30, 2024, assets under management grew by 17.4% to ₹18,502 crore. However, the combined ratio, which reflects the company’s profitability in underwriting, increased to 112.2%, up from 108.9% in the same period last year.

Go Digit’s business strengths lie in its commitment to providing a high-quality customer experience supported by predictive underwriting models that enhance risk assessment. The company focuses on empowering its distribution partners, enabling them to serve customers better. Its advanced technology platform is central to operations, driving innovation and efficiency. Additionally, Go Digit is a nimble organization backed by a skilled and experienced management team that makes sure agility in responding to market changes and customer needs.

About Go Digit

Go Digit is a leading digital insurance provider known for making insurance simple and transparent. The company offers a wide range of customizable insurance products, including motor, health, travel, property, marine, and liability insurance, focusing on customer needs and innovative product design through its technology-driven approach.

On October 25, 2024, Go Digit General Insurance Ltd’s share price opened at ₹351.00, touching the day’s low at ₹316.80, as of 10:14 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.