Go Digit General Insurance Limited · NSE:GODIGIT
Go Digit General Insurance — Q2 FY2025 Earnings Presentation
20 slides from Go Digit General Insurance's earnings presentation, Sep 30, 2024
Slide 1: Q2 FY 2024-25 GWP grows 14% to Rs 2,369 crore; PAT jumps 3 times YoY
Go Digit Q2 FY 2024-25 GWP grows 14% to Rs 2,369 crore; PAT jumps 3 times YoY to Rs 89 crore Particulars FY 2023 FY 2024 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 Gross Written Premium (Cr) 7,243 9,016 4,252 5,029 2,074 2,369 Retention Ratio (%) 81.6% 85.8% 82.2% 78.6% 87.8% 81.4% Profit After Tax (Cr) 36 182
Slide 2: Making insurance simple
Making insurance simple Value Statements Question the status quo Be Transparent Results for the Quarter ended September 30, 2024 1 PRIVATE AND CONFIDENTIAL
Slide 3: Disclaimer
Disclaimer: This investor presentation may contain certain words or phrases in writing or otherwise which are not statements of historical facts and may be described as “forward-looking statements”. These forward-looking statements generally can be identified by words or phrases such as “aim”, “anti
Slide 4: Business Strengths
Business Strengths High-quality Focus on Predictive Advanced A nimble customer empowering underwriting technology organization with experience distribution models platform a skilled and partners experienced management team 3 PRIVATE AND CONFIDENTIAL
Slide 5: The Numbers
The Numbers: Gross Written Premium (1) Market Share (1,2) Diverse product portfolio (3) ₹5,029 cr 3.3% / 6.2% 80 Market share for Total / Motor Active products launched since insurance 2017 0.6 cr policies sold (1) Partner network (3) Digitally enabled claims (3) 6 cr 23.8 Lacs 67,878 Customers (4)
Slide 6: Key Performance Indicators [IGAAP]
Key Performance Indicators [IGAAP] ₹ cr Particulars FY2023 FY2024 H1 2024 H1 2025 Q2 2024 Q2 2025 Gross Written Premium 7,243 9,016 4,252 5,029 2,074 2,369 Net Earned Premium 5,164 7,096 3,132 3,715 1,657 1,891 Net retention Ratio 81.6% 85.8% 82.2% 78.6% 87.8% 81.4% Loss Ratio 67.2% 70.3% 66.5% 70.5
Slide 7: GWP Growth
GWP Growth ₹ cr ₹ cr GWP GWP 2,369 9,016 7,243 5,029 4,252 2,074 Q2 2024 Q2 2025 FY23 FY24 H1 2024 H1 2025 GWP Mix GWP Growth *Industry Growth GWP Mix GWP Industry % GWP FY23 FY24 H1 24 H1 25 FY24 H1 25 FY24 FY25 FY24 Q2 FY25 Q2 FY25 Q2 FY25 Q2 Motor – OD 19% 22% 21% 21% 42% 20% 17% 10% 23% 23% 14%
Slide 8: Results: Combined Ratio & Profit after tax
Results: Combined Ratio & Profit after tax Combined ratio Profit after Tax % (1) ₹ cr 107.4% 108.7% 107.6% 108.7% 108.9% 112.2% 191 182 65.1% 70.6% 67.2% 70.3% 66.5% 70.5% 86 89 43.8% 41.6% 36 40.2% 38.4% 41.1% 38.2% 28 FY 2023 FY 2024 H1 2024 H1 2025 Q2 2024 Q2 2025 FY 2023 FY 2024 H1 2024 H1 2025
Slide 9: Growing Assets Under Management base leading to higher investment income
Growing Assets Under Management base leading to higher investment income Assets under management Investment Income & Yield ₹ cr Investment Yield ₹ cr % Investment Leverage 7.3% • Times(AUM multiple to Net-worth) Total AUM: 18,502 1,049 Total AUM: 15,764 Includes capital 4.9 loss of ₹ 9.cr. 6.2% 6.3
Slide 10: Investment Asset Allocation
Investment Asset Allocation Rating Wise Exposure Sector Wise Exposure % % FY2023 FY 2024 Q1 2025 H1 2025 FY2023 FY2024 Q1 2025 H1 2025 Equity 1.2 1.6 2.5 2.4 Others 0.9 1.1 1.7 1.7 Reverse Repo 1.4 1.0 0.9 0.9 Money Market 2.0 0.8 0.9 0.9 AT1 Bonds 3.3 10.3 10.0 10.8 Banking and 6.6 20.6 25.6 24.8 A
Slide 11: Loss Ratios
Loss Ratios Particulars FY2023 FY 2024 H1 2024 H1 2025 Q2 2024 Q2 2025 Motor OD 69% 66% 67% 66% 65% 67% Motor TP 69% 60% 61% 66% 56% 67% Health,Travel,PA 72% 94% 85% 83% 86% 81% Fire 38% 86% 91% 61% 134% 54% Marine 91% 80% 82% 53% 76% 54% Engineering 88% 130% 103% 92% 101% 111% Other 56% 80% 58% 81%
Slide 12: Leveraging Technology
Leveraging Technology In-house built AI-ML microsystems that we expect will become more efficient over time and support future growth We developed bots for our various partners and functions to automate 64.1% of our policies were issued via APIs in FY2025 with 4.8 cr cumulative repetitive tasks poli
Slide 13: Thank You
Thank You 12 PRIVATE AND CONFIDENTIAL
Slide 14: Additional Information
Additional Information 13 PRIVATE AND CONFIDENTIAL
Slide 15: IFRS Earning
IFRS Earning ₹ cr FY 2023-24 H1 2024-25 Particulars (Audited) (Unaudited) Profit as per IGAAP 182 191 Networth [Equity] as per IGAAP 2,515 3,805 Return on Average Equity [IGAAP] 7.5% 6.0% Leases and security deposit [IFRS 16 & 9] -3 -4 Deferred acquisition cost [IFRS 17] 251 -36 Unrealised Gain/(los
Slide 16: Reserving Triangle Disclosure: Whole Account
Reserving Triangle Disclosure: Whole Account Incurred Losses and Allocated Expenses (Ultimate Movement) ₹ cr YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- Particulars (As at 31st March 2024) 2018 2019 2020 2021 2022 2023 2024 End of First Year (Original Estimate) 6.9 3
Slide 17: Reserving Triangle Disclosure: Motor TP
Reserving Triangle Disclosure: Motor TP Incurred Losses and Allocated Expenses (Ultimate Movement) ₹ cr YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- Particulars (As at 31st March 2024) 2018 2019 2020 2021 2022 2023 2024 End of First Year (Original Estimate) 5.1 204.4
Slide 18: Reserving Triangle Disclosure: Whole Account excluding Motor TP
Reserving Triangle Disclosure: Whole Account excluding Motor TP Incurred Losses and Allocated Expenses (Ultimate Movement) ₹ cr YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- Particulars (As at 31st March 2024) 2018 2019 2020 2021 2022 2023 2024 End of First Year (Origi
Slide 19: Go Digit Gross Direct Premium and Industry Gross Direct Premium
Go Digit Gross Direct Premium ₹ cr 7,941 6,160 29% 12% 4,377 3,925 5% 1,936 2,039 Mar'23 Mar'24 H1 2024 H1 2025 Q2 FY24 Q2 FY25 Industry Gross Direct Premium ₹ cr 2,89,738 2,56,894 13% 7% 1,43,798 1,53,911 2% 79,600 81,153 Mar'23 Mar'24 H1 2024 H1 2025 Q2 FY24 Q2 FY25 18 PRIVATE AND CONFIDENTIAL
Slide 20: Glossary
Glossary Abbreviations Full Form FY Financial Year Q Quarter OD Own Damage TP Third Party Lacs Lakhs Cr Crore PA Personal Accident API Application Programming Interface GWP Gross Written Premium GDP Gross Direct Premium CY Current Year PY Previous Year AI-ML Artificial Intelligence - Machine Learnin
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