Go Digit General Insurance (GODIGIT) Q3 24/25 earnings summary

Executive summary

• Gross premium for Q3 FY25 reached ₹2,677 crore, with 6.2 crore customers and AUM at ₹18,939 crore as of December 31, 2024.

• Profit after tax for Q3 FY25 was ₹119 crore, up from ₹43 crore in Q3 FY24; 9M FY25 PAT was ₹309 crore, more than double the ₹129 crore in 9M FY24.

• Net earned premium for Q3 FY25 was ₹2,084 crore, up from ₹1,982 crore in Q3 FY24; 9M FY25 reached ₹5,799 crore.

• Unaudited financial results for the quarter and nine months ended December 31, 2024, were reviewed and approved by the Board on January 22, 2025.

• No material misstatements identified by auditors; no investor complaints were pending, received, or unresolved during the quarter.

Financial highlights

• Combined ratio improved to 108.1% in Q3 FY25 from 110.3% in Q3 FY24; adjusted for accounting changes, it would be 107.2%.

• Loss ratio improved to 72% from 74.5% sequentially; expense ratio was 35.2%.

• Investment yield (ex-capital gains) in Q3 was 1.83%, up from 1.76% year-over-year; AUM investment yield at 5.41% (not annualised).

• Solvency ratio increased to 2.22 as of Q3 FY25, up from 1.60 in Q3 FY24.

• No significant capital gains or extraordinary reserve releases impacted profitability.

Outlook and guidance

• Management expects continued growth above industry rates, supported by advanced technology, predictive underwriting, and a nimble organization.

• Reserve releases for the year projected to be within 5% of last year’s INR 577 crores.

• No aggressive expansion planned in retail health; cautious approach continues.

• Forward-looking statements highlight potential risks from regulatory changes, market volatility, and macroeconomic factors.

• Results for the quarter are not indicative of full-year performance due to industry seasonality.