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Insurtech startup Go Digit General Insurance has reported a remarkable 74% increase in profit after tax (PAT) for the first quarter of the fiscal year 2024-25 (FY25), reaching Rs 101 crore.

This is a significant increase from Rs 58 crore in the same period last year. Overall, in FY24, the company reported a profit after tax of Rs 182 crore, a substantial rise from FY23's profit of Rs 36 crore
The company's net earned premium rose to Rs 1,824 crore during the reviewed period, up from Rs 1,475 crore in the previous year.

Additionally, Go Digit’s total income, which includes net earned premium, income from investments, and other sources, increased by more than 24% year-on-year to Rs 2,076 crore. Despite this growth, the premium retention ratio slightly declined to 76.2% from 76.9% a year ago.

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