Monday, Apr 28 2025 | Time 06:34 Hrs(IST)
Business EconomyPosted at: Apr 27 2025 5:48PM


Chola MS records Rs 8,328 Cr GWP

Chennai, Apr 27 (UNI) Cholamandalam MS General Insurance Company Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Insurance Group (Japan), has ended FY 2025 with a gross written premium (GWP) of Rs 8,328 crores, a growth of 9.61 % (higher than industry growth).
The market share of Chola MS has grown to 3.15% amongst the multi-line players, a company release said here on Sunday.
Abiding the regulatory change effective October 1, 2024 relating to reporting of GWP on long term non-motor products, Chola MS has treated such premium relating to future accounting periods as premium in advance amounting to Rs.249 crs.
The Profit before Tax (PBT) for the year stood at Rs.681 crore as compared to Rs.444 crores in the previous year. PBT included one-time income by way of recovery from investments write-off in earlier years to the tune of Rs.54 crore.
Chola MS ended the year with a net-worth of Rs.2,999 crore of which 85% is from earned profits over the years.
The Return on equity for the year was 16.91% as against 13.3% in the previous year.
UNI GV 1745
Tags: #Chola MS records Rs 8#328 Cr GWP
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