Chennai : Cholamandalam MS General Insurance Company Ltd. (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group (Japan), recorded a Gross Written Premium (GWP) of ₹4,517 crore for the half year ended September 30, 2026, registering a growth of 7.1% over ₹4,217 crore in the corresponding period last year. In Q2 FY27, the company recorded a GWP of ₹2,386 crore, over ₹2,220 crore in Q2 FY26.
Key Highlights
• For H1 FY27, the Company reported a Profit Before Tax (PBT) of ₹97.56 crore and a Profit After Tax (PAT) of ₹78.29 crore.
• The Company reported a pre-tax loss of ₹19 crore in Q2 FY27, compared with a PBT of ₹121 crore in Q2 FY26. The decline was driven by a challenging claims environment including Nat CAT losses during the quarter, with the Company remaining focused on disciplined underwriting and long-term sustainable growth.
• The company’s solvency ratio stood at 1.88 times as of September 30,2026, comfortably above the regulatory requirement of 1.5 times
• Chola MS recorded a market share of 4.9% in the motor insurance segment during H1 FY27.
• The Return on Equity (RoE) for H1 FY27 was 2.30 % (not annualized).
• As of September 30, 2026, the company’s net worth stood at ₹3,408 crore, while its investment portfolio grew to ₹19,168 crore.
• During H1 FY27, the company settled over 3.5 lakh claims across various lines of business, excluding crop claims. These included claims arising from Nat Cat events like the Gujarat, Maharashtra, Assam and various other floods , reaffirming the company’s commitment to supporting customers when they need it most.
• The company’s extensive network of over 17,800+ garages and 15,000+ hospitals played a crucial role in enabling both cashless and reimbursement claims for affected customers.
Chola MS continues to strengthen its digital capabilities and simplify customer journeys across policy servicing, claims and other key interactions, with a focus on improving accessibility, convenience and service delivery.
Sharing his thoughts on the company’s half yearly performance, Mr. Rajive Kumaraswami, Managing Director & CEO of Chola MS, stated, “Our sustained focus on profitable growth continues to drive our performance. We remain committed to strengthening customer engagement, deepening our digital transformation initiatives, and making insurance simpler, more accessible and responsive to evolving customer needs. We express our sincere gratitude to our customers, employees, distribution partners and all other stakeholders for their continued trust and support”.
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