Go Digit Q1 FY24-25: GWP Up 22percentage to Rs.2,660 Crore, PAT Rises 74percentage to Rs.101 Crore

Go Digit Q1 FY 2024-25 GWP grows 22% to Rs 2,660 crore;

PAT jumps 74% YoY to Rs 101 crore

Gross Written Premium Income: –

• In Q1 FY25, Gross Written Premium of the company stood at ₹ 2,660 cr compared to ₹ 2,178 cr in Q1 FY24, achieving a growth of 22.2%.

Premium Retention Ratio: –

• Premium Retention Ratio for Q1 FY25 is 76.2%, as compared to 76.9% in Q1 FY24.

Profitability: –

• Profit after tax for the Q1 FY25 stood at ₹ 101 Cr, compared to ₹ 58 Cr in Q1 FY24, growth of 74.1%.

Asset Under Management: –

•         As at June 30, 2024, our asset under management stands at ₹ 17,773 Cr, compared to ₹ 15,764 Cr as at March 31, 2024, grew by 12.7%.

Combined Ratio: –

• Combined Ratio for Q1 FY25 is 105.4%, as compared to 106.2% in Q1 FY24.