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