Chennai : Cholamandalam MS General Insurance Company Ltd. (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, today announced its financial results for the quarter ended June 30, 2026, reporting a Gross Written Premium (GWP) of ₹2,130 Cr, as against ₹1,997 Cr in the corresponding quarter of the previous year, a growth of 6.7%.
Key Financial and Operational Highlights – Q1 FY26-27
• Profit Before Tax (PBT) for the quarter stood at ₹116 Cr compared to ₹145 Cr in Q1 FY26-27. Profit After Tax (PAT) was ₹86 Cr as against ₹107 Cr in the corresponding quarter last year.
• The Company’s net worth increased to ₹3,415 Cr as on June 30, 2026 from ₹3,106 Cr a year ago.
• The company’s net worth rose to ₹3,415 Cr as of June 30, 2026 with the solvency ratio at 1.93 times (regulatory requirement of 1.5 times). The Company recorded a return on equity of 2.52% for the quarter (not annualized).
• Chola MS continued to strengthen its presence across India and generated business from 148,568 Gram Panchayats, reinforcing its commitment to financial inclusion and insurance penetration in rural India.
• During the quarter, Chola MS further expanded its service network to 18,000+ cashless garages and 13,900+ cashless hospitals, ensuring faster and seamless claim servicing for customers across the country.
• Chola MS continued to invest in technology and digital transformation initiatives aimed at enhancing customer experience, improving operational efficiency, and strengthening data-driven decision-making capabilities.
Commenting on the performance, Mr. Rajive Kumaraswami, CEO & Managing Director, Chola MS, said: “We remain focused on building a sustainable and resilient business through prudent underwriting, digital innovation and customer-first service. We thank our customers, partners and employees for their continued trust and support”
About Cholamandalam MS General Insurance Company Ltd
Chola MS General Insurance Company Limited, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, began operations in 2002. The company has grown consistently across 29 states with over 700+ touchpoints, supported by a network of 17,800+ garages and 13,500+ hospitals. The company has a Gross Written Premium (GWP) of ₹8,904 crore and operates with a solvency ratio of over 1.96 times, against the regulatory minimum of 1.5 times.
A leading and respected player in the general insurance space, Chola MS champions the philosophy of T3 — Trust, Transparency and Technology. Driven by its promise of #pledge2protect, customer centricity remains at the heart of the brand. Guided by the Murugappa Group’s Five Lights — Integrity, Passion, Quality, Respect and Responsibility — Chola MS has been consistently recognized by the Government of India, international organizations, and leading ratings agencies for excellence in insurance services and delivery innovations. Most recently, the company was honoured with the FICCI Insurance Industry Award for “Insurer of the Year – Best Operating Performance (Non-Life Category).”
In line with the brand positioning of #SimpleHai, Chola MS continues to offer simple, accessible, and customer-friendly insurance solutions for evolving protection needs.
