7 Key Highlights From Go Digit Insurtech FY24 Financials

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Massive PAT Increase

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Strong Premium Growth

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Motor Insurance Breakdown

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Health, Travel, Accident Contributions

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Total Income and Retention

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Assets and Q4 Performance

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Total Expenses

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Go Digit FY24: PAT Jumps Over 5X To INR 182 Cr, GWP At INR 9,016 Cr

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7 Key Highlights From Go Digit Insurtech FY24 Financials

Massive PAT Increase

Go Digit's PAT soared over 400% in FY24, hitting INR 182 Cr from INR 36 Cr in FY23.

Strong Premium Growth

Sharp growth in health, travel, and accident premiums boosted GWP by 24.5% to INR 9,016 Cr.

Motor Insurance Breakdown

Third-party motor insurance made up 39% of total GWP; own damage motor insurance was 22%.

Health, Travel, Accident Contributions

Health, travel, and accident premiums contributed 19%; net earned premium rose to INR 7,096 Cr.

Total Income and Retention

Total income, including investments, reached INR 8,443 Cr; premium retention ratio improved to 85.8%.

Assets and Q4 Performance

Assets under management grew to INR 15,764 Cr; Q4 FY24 PAT more than doubled to INR 53 Cr.

Total Expenses

Go Digit’s total expenses increased over 36% to INR 7,958.5 Cr in FY24 from INR 5,846.5 Cr the year before.

Go Digit FY24: PAT Jumps Over 5X To INR 182 Cr, GWP At INR 9,016 Cr