Go Digit General Insurance Shares Zoom Almost 20% On NSE After PAT Skyrockets 74% In Q3 Of FY25

Go Digit General Insurance shares rocketed Almost 20 per ecnt after private insurer's earning results for the quarter ended on December 31 which, reavealed that net profit jumped 74.1 per cent YoY.

The shares of Go Digit General Insurance went on to touch the day high level of Rs 341.40 per share on the Indian exchange after hitting the opening bell at Rs 303.00 with a surge of almost 5.81 per cent.

Go Digit shares were trading around Rs 337.80 per share on the Indian bourses with massive surge of 17.97 per cent amounting to a Rs 51.45 per share on the exchanges.

Net profit Q3 FY25

The net profit of the company increased from Rs 43 crore in the same quarter of the previous year to Rs 118.5 crore. The insurer's gross written premium (GWP) increased by 10.2 per cent year over year to Rs 2,677 crore in Q3 FY25 from Rs 2,428 crore in the same quarter the previous year.

Operational performance

Additionally, operational performance improved, as evidenced by the combined ratio falling from 110.3 per cent in Q3 of FY24 to 108.1 per cent in Q3 of FY25. With the 1/n basis adjustment removed, the combined ratio was 107.2 per cent, indicating continued efforts to improve operational efficiency and cost control.

Gross written premium

The GWP for the third quarter of FY25 would have been Rs 2,738 crore, reflecting an increased growth rate of 12.8 per cent, after accounting for the change to the 1/n basis for long-term premium that took effect on October 1, 2024.

Premium retention ratio

However, from 87.9 per cent in the previous year to 83.8 per cent in Q3 of FY25, the premium retention ratio decreased.

As of December 31, 2024, the company's assets under management (AUM) had increased by 20.1 per cent to Rs 18,939 crore from Rs 15,764 crore on March 31, 2024.