Go Digit General Insurance logs profit of Rs 118 crore; up 175% on strong business growth

Go Digit General Insurance reported a quarterly net profit of Rs 118 crore, reflecting a significant increase of 175% compared to the previous year. A strong rise in insurance premium collections drove this growth.

The Bengaluru-based new-age general insurance company recorded a gross written premium of Rs 2,676 crore in the December quarter, an increase from Rs 2,427 crore a year ago. In the same quarter last year, it had posted a net profit of Rs 42.8 crore.

In a filing with the stock exchanges, the Fairfax-backed insurance company announced the elevation of Atul Mehta to the position of country head for retail geographies and key partnerships. Mehta previously served as the chief business officer in the key relationships group.​