Earnings Review
Go Digit PAT up 37% YOY on rise in income from investment
This story was originally published at 19:37 IST on 28 July 2025
Register to read our real-time news.Informist, Monday, Jul. 28, 2025
Please click here to read all liners published on this story
--Go Digit Apr-Jun net profit INR 1.38 bln vs INR 1.01 bln year ago
--Go Digit Apr-Jun total income INR 21.79 bln vs INR 20.77 bln year ago
--Go Digit Apr-Jun gross premium written INR 29.82 bln vs INR 26.60 bln
--Go Digit Apr-Jun net premium written INR 19.51 bln vs INR 20.27 bln yr ago
--Go Digit: Solvency ratio at 2.27 times as on Jun 30 vs 2.24 times qtr ago
--Go Digit: Incurred claim ratio 70.3% as on Jun 30 vs 76.5% qtr ago
--Go Digit: Combined ratio 108.6% as on Jun 30 vs 111.3% qtr ago
By Vidhushi RajPurohit
MUMBAI – For the quarter ended June, Go Digit General Insurance Ltd.'s net profit rose nearly 37% on year due to a rise in the insurer's income from investments and gross premium written. The growth in the insurer's bottom line was limited on account of an on-year rise in total expenses and underwriting loss.
Go Digit's net profit for Apr-Jun rose to INR 1.38 billion, from INR 1.01 billion a year ago. The total income of the company grew by nearly 5% on year to INR 21.79 billion. The rise in the total income was due to a sharp on-year increase of 24% in the company's net income from investment to INR 3.14 billion and a growth of 12% in the gross premium written to INR 29.82 billion.
According to brokerage Emkay Global Financial Services Ltd., the net profit of the insurer was expected to see a nearly 16% on-year growth on the back of an upswing in its combined ratio and healthy investment gains in the reporting quarter. The company posted a combined ratio of 108.6% as on Jun. 30, up from 105.4% in the previous year. In the trailing quarter, the ratio was at 111.3%.
For the net premium income, the brokerage had expected an on-year growth of 17% to INR 21.33 billion. However, the insurer's net premium written fell by nearly 4% on year to INR 19.51 billion.
The solvency ratio of the insurer rose to 2.27 times from 2.17 times in the previous year. In Jan-Mar, the ratio was 2.24 times. The incurred claim ratio fell to 70.3% as on Jun. 30, from 76.5% a quarter ago. The net retention ratio of the insurer fell to 65.4%, from 76.2% in the previous year.
The assets under management of the insurer jumped to INR 208.61 billion, from 177.73 billion in the previous year. The company had the largest exposure to the housing and infrastructure segment in terms of investment at 34.7% and which was closely followed by sovereign instruments which made up 33% of the total investment. In the previous year, the investment share in sovereign instruments was at 42.2% and that in housing and infrastructure stood at 29.6%.
On Monday, the shares of the company closed 1.3% lower at INR 344 on the National Stock Exchange. The company detailed its earnings for the June quarter post market hours. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
