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 rose 14% year-over-year to ₹10,282 crore, outpacing industry growth.

• Assets under management grew 25% year-over-year to ₹19,703 crore, with net worth surpassing ₹4,000 crore for the first time.

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

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

Financial highlights

• Return on equity for FY25 reached 13%, with Q4 ROE at 3.1%.

• GWP for FY25 (without 1/N) was ₹10,419 crore; Q4 GWP was ₹2,652 crore.

• Combined ratio for FY25 was 109.3%, with Q4 at 111.3%.

• Net premium earned for FY25 was ₹804,596 lakhs, up from ₹709,640 lakhs in FY24.

• Investment yield for FY25 was 7.2% (fixed income, no capital gains); Q4 yield was 1.8%.

Outlook and guidance

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

• Ongoing investment in technology and automation to drive future growth and efficiency.

• Forward-looking statements note risks from regulatory changes, market volatility, and economic conditions.

• IRDAI forbearance granted for excess management expenses for FY24; compliance required by FY26.