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Time of India
30-07-2025
- Business
- Time of India
MS Dhoni's family office invests in new-age insurer Acko
Academy Empower your mind, elevate your skills Former Indian men's cricket team captain Mahendra Singh Dhoni has made a strategic investment in direct-to-customer (D2C) insurance platform Acko through his family office, Midas Deals . The company did not divulge the financial details of the investment."Their tech-first, customer-centric approach reflects the way new India wants to engage with insurance. I'm excited to support a brand that's focused on trust and transformation," Dhoni said, on his investment in the in 2016, Acko has a customer base of 70 million, and processes more than two million insurance claims annually in the motor, health, and travel cricket star will also serve as Acko's brand ambassador, according to a statement from the company, on Go Digit , Acko's main competitor, counts cricketer Virat Kohli and his wife, actress Anushka Sharma, as investors and brand ambassadors.
Business Standard
29-07-2025
- Business
- Business Standard
Go Digit General Insurance climbs after strong Q1 numbers
Go Digit General Insurance rose 4.65% to Rs 359.90 after the company posted a healthy set of numbers for the quarter ended 30 June 2025 (Q1 FY26), marked by robust growth in premium collections and profitability. Net profit for the quarter jumped 36.6% year-on-year to Rs 138 crore, up from Rs 101 crore in Q1 FY25. Profit before tax saw an even sharper rise, up 59.4% to Rs 161 crore. The company's gross written premium rose 12.1% YoY to Rs 2,982 crore. Excluding the 1/n accounting method, gross written premium for Q1 FY26 was 3,046 crore, reflecting a 14.5% increase YoY. For context, the "1/n accounting" refers to spreading acquisition costs evenly over the policy term, providing a normalized quarterly view. Assets under management (AUM) also saw healthy growth, rising 17.4% year-on-year to Rs 20,861 crore in Q1 FY26 from Rs 17,773 crore in the same period last year. On the operational front, loss ratio remained largely stable at 70.3%, marginally improving from 70.5% in the year-ago quarter. However, the expense ratio rose to 38.3%, up from 34.9%, indicating increased investment in customer acquisition and administrative expansion. The combined ratio, a key measure of underwriting profitability, increased to 108.6%, compared to 105.4% a year ago. Without the 1/n adjustment, the combined ratio stood at 107.1%, up from 105.4% in Q1 FY25. Go Digit's solvency ratio improved slightly to 2.27x as of 30 June 2025, up from 2.24x at the end of March, and remains comfortably above the regulatory threshold of 1.50x. Go Digit General Insurance is a digital-first insurer offering a broad portfolio of products, including motor, health, travel, property, marine, and liability insurance.
Economic Times
29-07-2025
- Business
- Economic Times
Go Digit shares surge 8% after 37% YoY gain in Q1 profit
Live Events Stock Price and Technicals (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Go Digit General Insurance surged 7.65% to Rs 371 after announcing a robust 37% year-on-year (YoY) increase in its net profit for the first quarter. This growth was largely driven by improved collections of insurance new-age insurance startup posted a net profit of Rs 138 crore for the quarter ended June 30 compared with Rs 101 crore a year income increased by 5% year-on-year to Rs 2,179 crore, up from Rs 2,076 crore in the corresponding quarter of the previous year.A key metric for insurance companies, gross written premiums (the total premiums collected before deducting any expenses or claims), grew by 12% year-over-year to Rs 2,981.8 the net premium earned — which is the actual revenue retained after accounting for reinsurance and other adjustments — increased slightly to Rs 1,865 crore compared to Rs 1,823.7 crore last year. These figures suggest that Go Digit is expanding its business and improving its revenue streams of June 30, 2025, the company's assets under management (AUM) reached Rs 20,861 crore, reflecting a 17.4% increase from Rs 17,773 crore recorded a year earlier on June 30, stock of Go Digit General Insurance has rallied approximately 28% over the past three months, reflecting strong investor interest. Its 52-week high stands at Rs 407.55, while the 52-week low is Rs a technical analysis perspective, the 14-day Relative Strength Index (RSI) is currently at 47.1. The RSI is a momentum indicator that measures the speed and change of price movements. Typically, an RSI below 30 suggests the stock is oversold (potentially undervalued), while an RSI above 70 indicates it is overbought (possibly overvalued). At 47.1, the stock is in a neutral zone, neither oversold nor Go Digit General Insurance is trading above all 8 of its Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA. This alignment of price above multiple moving averages is generally considered a bullish signal, suggesting positive momentum across different time frames.
Time of India
29-07-2025
- Business
- Time of India
Go Digit shares surge 8% after 37% YoY gain in Q1 profit
Shares of Go Digit General Insurance surged 7.65% to Rs 371 after announcing a robust 37% year-on-year (YoY) increase in its net profit for the first quarter. This growth was largely driven by improved collections of insurance premiums. The new-age insurance startup posted a net profit of Rs 138 crore for the quarter ended June 30 compared with Rs 101 crore a year earlier. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Data Science others Healthcare MCA Design Thinking Leadership Technology Data Analytics Public Policy MBA Digital Marketing CXO Others Finance Operations Management Data Science Management Degree Cybersecurity Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Total income increased by 5% year-on-year to Rs 2,179 crore, up from Rs 2,076 crore in the corresponding quarter of the previous year. A key metric for insurance companies, gross written premiums (the total premiums collected before deducting any expenses or claims), grew by 12% year-over-year to Rs 2,981.8 crore. Additionally, the net premium earned — which is the actual revenue retained after accounting for reinsurance and other adjustments — increased slightly to Rs 1,865 crore compared to Rs 1,823.7 crore last year. These figures suggest that Go Digit is expanding its business and improving its revenue streams steadily. Live Events As of June 30, 2025, the company's assets under management (AUM) reached Rs 20,861 crore, reflecting a 17.4% increase from Rs 17,773 crore recorded a year earlier on June 30, 2024. Stock Price and Technicals The stock of Go Digit General Insurance has rallied approximately 28% over the past three months, reflecting strong investor interest. Its 52-week high stands at Rs 407.55, while the 52-week low is Rs 264.80. From a technical analysis perspective, the 14-day Relative Strength Index (RSI) is currently at 47.1. The RSI is a momentum indicator that measures the speed and change of price movements. Typically, an RSI below 30 suggests the stock is oversold (potentially undervalued), while an RSI above 70 indicates it is overbought (possibly overvalued). At 47.1, the stock is in a neutral zone, neither oversold nor overbought. Additionally, Go Digit General Insurance is trading above all 8 of its Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA. This alignment of price above multiple moving averages is generally considered a bullish signal, suggesting positive momentum across different time frames.
Business Upturn
29-07-2025
- Business
- Business Upturn
Go Digit shares jump 4% as Q1 net profit rises 36.5% YoY to Rs 138 crore
By Aman Shukla Published on July 29, 2025, 09:27 IST Go Digit General Insurance shares rallied 4% on Tuesday after the company posted a strong set of earnings for the first quarter of FY26. The stock opened at ₹354.00, higher than the previous close of ₹344.00, and touched an intraday high of ₹362.20 before showing some consolidation. Despite trading below its 52-week high of ₹407.40, the stock remains well above its 52-week low of ₹264.60, reflecting steady investor interest. As of 9:27 AM, the shares were trading 3.66% higher at Rs 356.60. In its Q1FY26 results, Go Digit reported a net profit of ₹138 crore, marking a 36.5% increase compared to ₹101 crore in the same quarter last year. Net premium income also rose modestly by 2.3%, reaching ₹1,865 crore versus ₹1,824 crore year-on-year. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
