Monday, Apr 28 2025 | Time 18:26 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
More News
Sensex soars 1005 84 pts

Sensex soars 1005 84 pts

28 Apr 2025 | 4:44 PM

Mumbai, Apr 28 (UNI) Snapping a losing streak of last two sessions, the BSE Sensex on Monday crossed 80K level to close at 80,218.37, rallied 1005.84 pts on strong earning of Reliance Industries amid substantial FII's inflow.

see more..

Rupee regains 41 paise against USD

28 Apr 2025 | 4:40 PM

Mumbai, Apr 25 (UNI) The Rupee on Monday ended strong at 85.03, jumping 41 paise against USD on selling of US Dollar from foreign banks and importers, dealers at the Forex Market said.

see more..
Sensex surges over 1000 pts

Sensex surges over 1000 pts

28 Apr 2025 | 1:58 PM

Mumbai, Apr 28 (UNI) The BSE Sensex on Monday zoomed 1064.76 pts, breaching 80K level at 80,0276 till noon following gains in Reliance Industries, Sun Pharma and SBI stocks.

see more..
Rupee improves 6 paise against USD

Rupee improves 6 paise against USD

28 Apr 2025 | 11:54 AM

Mumbai, Apr 28 (UNI) The rupee on Monday recovered 6 paise at 85.38 against USD in early trade on selling of US dollars by bankers and exporters, dealers at the Forex Market informed.

see more..
Sensex bounces back over 600 pts

Sensex bounces back over 600 pts

28 Apr 2025 | 11:23 AM

Mumbai, Apr 28 (UNI) Erasing losses of the last two sessions, the BSE Sensex on Monday jumped 699.64 pts at 79,912.1 in opening session as buying was seen across the board amid strong global cues.

see more..