Go Digit General Insurance Limited · NSE:GODIGIT
Go Digit General Insurance — Q1 FY2025 Earnings Presentation
21 slides from Go Digit General Insurance's earnings presentation, Jul 26, 2024
Slide 1: Intimation under Regulation 30: Press Release and Investor Presentation
Date: 25th July 2024 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 BSE Scrip Code: 544179 NSE Symbol: GODIGIT Dear Sir/Madam, Subject: Int
Slide 2: Q1 FY 2024-25 GWP grows 22% to Rs 2,660 crore; PAT jumps 74%
Go Digit Q1 FY 2024-25 GWP grows 22% to Rs 2,660 crore; PAT jumps 74% YoY to Rs 101 crore Particulars FY 2023 FY 2024 Q1 FY24 Q1 FY25 Gross Written Premium (Cr) 7,243 9,016 2,178 2,660 Retention Ratio (%) 81.6% 85.8% 76.9% 76.2% Pro�it After Tax (Cr) 36 182 58 101 Asset Under Management (Cr) 12,668
Slide 3: Making insurance simple: Results for Quarter ended June 30, 2024
Making insurance simple Value Statements Question the status quo Be Transparent Results for Quarter ended June 30, 2024 1 PRIVATE AND CONFIDENTIAL
Slide 4: 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 5: 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 6: The Numbers
The Numbers: Gross Written Premium (1) Market Share (1,2) Diverse product portfolio (3) ₹2,660 cr 3.6% / 6.0% 80 Market share for Total / Motor Active products launched since insurance 2017 0.3 cr policies sold (1) Partner network (3) Digitally enabled claims (3) 5.3 cr 21.8 Lacs 66,200 Customers (4
Slide 7: Key Performance Indicators [IGAAP]
Key Performance Indicators [IGAAP] ₹ cr Particulars FY2022 FY2023 FY2024 Q1 2024 Q1 2025 Gross Written Premium 5,268 7,243 9,016 2,178 2,660 Net Earned Premium 3,404 5,164 7,096 1,475 1,824 Net retention Ratio 79.4% 81.6% 85.8% 76.9% 76.2% Combined Ratio (CoR) 112.7% 107.4% 108.7% 106.2% 105.4% Prof
Slide 8: GWP Growth
GWP Growth ₹ cr ₹ cr 2,660 9,016 2,178 7,243 5,268 FY24 Q1 FY25 Q1 FY22 FY23 FY24 GWP Mix GWP Growth *Industry Growth GWP Mix GWP Growth *Industry Growth % GWP FY22 FY23 FY24 FY23 FY24 FY23 FY24 % GWP FY24 Q1 FY25 Q1 FY25 Q1 FY25 Q1 Motor - OD 16% 19% 22% 66% 42% 17% 17% Motor - OD 19% 19% 27% 15% M
Slide 9: Results: Combined Ratio & Profit after tax
Results: Combined Ratio & Profit after tax Combined ratio Profit after Tax % (1) ₹ cr 112.7% 107.4% 108.7% 106.2% 105.4% 182 101 58 74.0% 67.2% 70.3% 36 68.1% 70.5% FY 2022 FY 2023 FY 2024 Q1 2024 Q1 2025 38.6% 40.2% 38.4% 38.1% 34.9% -296 FY 2022 FY 2023 FY 2024 Q1 2024 Q1 2025 Expense Ratio Claim
Slide 10: Growing Assets Under Management base leading to higher investment income
Growing Assets Under Management base leading to higher investment income Assets under management Total AUM: Investment Income & Yield 17,773 Total AUM: ₹ cr 15,764 4.8 ₹ cr Investment Yield Investment Leverage 13% • Times(AUM multiple to Net-worth) % 6.3 7.3% 944 1,065 We booked loss on 1,049 sale o
Slide 11: Investment Asset Allocation
Investment Asset Allocation Rating Wise Exposure Sector Wise Exposure % % FY2022 FY2023 FY2024 Q1 2025 FY2022 FY2023 FY 2024 Q1 2025 Others 0.8 0.9 1.1 2.9 Equity 1.5 1.2 1.6 2.5 Money Market 4.2 2.0 0.8 0.9 Reverse Repo 1.9 1.4 1.0 0.9 Banking and AA- & equivalent 0.0 0.0 0.7 0.6 12.8 6.6 20.6 24.5
Slide 12: Loss Ratio
Loss Ratio Particulars FY2022 FY2023 FY 2024 Q1 2024 Q1 2025 Motor OD 74% 69% 66% 68% 64% Motor TP 81% 69% 60% 66% 66% Health,Travel,PA 49% 72% 94% 83% 86% Fire 52% 38% 86% 44% 71% Marine 32% 91% 80% 90% 54% Engineering 45% 88% 130% 107% 71% Other 59% 56% 80% 40% 81% Total 74% 67% 70% 68% 70% 10 PRI
Slide 13: 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 65.9% of our policies were issued via APIs in FY2025 with 4.4 cr cumulative repetitive tasks poli
Slide 14: Thank You
Thank You 12 PRIVATE AND CONFIDENTIAL
Slide 15: Additional Information
Additional Information 13 PRIVATE AND CONFIDENTIAL
Slide 16: IFRS Earning
IFRS Earning ₹ cr Mar-24 Jun-24 Particulars (Audited) (Unaudited) Profit as per IGAAP 182 101 Networth [Equity] as per IGAAP 2,515 3,698 Return on Average Equity [IGAAP] 7.5% 3.3%* Leases and security deposit [IFRS 16 & 9] -3 -1 Deferred acquisition cost [IFRS 17] 251 -11 Unrealised Gain/(loss) on I
Slide 17: 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 18: 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 19: Reserving Triangle Disclosure: Whole Account Excl. Motor TP
Reserving Triangle Disclosure: Whole Account Excl. 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
Slide 20: Go Digit Gross Direct Premium vs Industry Gross Direct Premium
₹ cr Go Digit Gross Direct Premium 7,941 29% 32% 6,160 4,674 93% 2,418 18% 2,337 1,989 Mar'21 Mar'22 Mar'23 Mar'24 Q1 FY24 Q1 FY25 ₹ cr Industry Gross Direct Premium 13% 16% 2,89,738 2,56,894 11% 2,20,772 1,98,715 13% 64,198 72,758 Mar'21 Mar'22 Mar'23 Mar'24 Q1 FY24 Q1 FY25 18 PRIVATE AND CONFIDENT
Slide 21: 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 Domestic Premium CY Current Year PY Previous Year AI-ML Artificial Intelligence - Machine Learn
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