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

Executive summary

• Q3 FY25 profit after tax rose to ₹119 crore, up from ₹43 crore year-over-year, with 9M FY25 PAT at ₹309 crore.

• Gross premium for Q3 FY25 reached ₹2,677 crore, with 9M FY25 GWP at ₹7,706 crore and AUM at ₹18,939 crore.

• Non-annualized ROE for the quarter was 3.1%, and for nine months, 9.6%.

• Solvency ratio stood at 2.22 as of December 31, 2024, up from 1.60 a year ago.

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

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 for Q3 FY25 was 72.9%, improved from 74.5% in Q3 FY24.

• Nine-month GWP growth was 15%, outpacing the industry’s 8%.

• Investment yield (ex-capital gains) in Q3 was 1.83%, up from 1.76% year-over-year.

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

Outlook and guidance

• Expectation of continued growth above industry rates, with focus on core insurance profitability.

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

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

• Management highlights ongoing focus on technology, innovation, and customer experience.

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