Go Digit General Insurance (GODIGIT) Q4 24/25 earnings summary

Executive summary

• Profit after tax for FY25 more than doubled to ₹425 crore, with Q4 profit at ₹116 crore, despite no capital gains and a capital loss of ₹3.4 crore.

• Gross written premium (GWP) for FY25 reached ₹10,419 crore, up 14% year-over-year, with 1.2 crore policies sold and 6.7 crore customers covered since inception.

• Assets under management grew to ₹19,703 crore as of March 31, 2025, and net worth surpassed ₹4,000 crore for the first time.

• Customer satisfaction scores remained high at 95.8% for motor claims and 80.0% for non-motor claims.

• Audited financial results for FY25 were approved by the Board with an unmodified audit opinion and compliance with SEBI and IRDAI regulations.

Financial highlights

• Net earned premium for FY25 was ₹8,046 crore, up from ₹7,096 crore in FY24.

• Combined ratio for FY25 was 109.3%, with improvement on NEP basis to 110.8% from 112.2% in FY24.

• Return on average equity (IGAAP) improved to 13% in FY25 from 7.5% in FY24; IFRS ROE was 14.7%.

• Investment yield for FY25 was 7.2% (excluding capital loss), with investment income at ₹2,856 crore.

• Solvency ratio strengthened to 2.24 as of March 31, 2025.

Outlook and guidance

• Management expects industry growth to improve 3-4% over last year, driven by higher fire premiums and potential TP rate increases.

• Forward-looking statements highlight expectations for continued growth, technology-driven efficiency, and market expansion, while acknowledging regulatory and macroeconomic risks.

• Commercial lines expected to grow, with increased treaty capacities and better terms.

• Company plans to further increase equity allocation up to 10% of assets as market conditions allow.

• Seasonality impacts quarterly results, and Q4 figures are not indicative of full-year performance.