Archive · 29 Jul 2026
Chola MS Sees 6.7% GWP Growth, Profit Declines
Chola MS is an insurance company in India.
In the first quarter of 2027, it earned more money from selling insurance policies, growing 6.7% compared to last year.
But its profit, the money left after paying expenses, went down to ₹86 crore from ₹107 crore.
The company’s overall value rose to ₹3,415 crore and it has a strong safety cushion.
It also added more than 18,000 garages and 13,900 hospitals that can handle claims without paperwork.
The CEO said the company will keep focusing on careful risk selection, new technology, and good customer service.
Gross Written Premium rose 6.7% YoY to ₹2,130 crore in Q1FY27.
Net profit fell to ₹86 crore from ₹107 crore year‑on‑year.
Net worth climbed to ₹3,415 crore, solvency ratio 1.93×.
Company expanded cashless network to over 18,000 garages and 13,900 hospitals.
CEO Rajive Kumaraswami emphasized focus on underwriting, digital innovation, and customer service.
- Who
- Cholamandalam MS General Insurance Company and CEO Rajive Kumaraswami
- What
- Reported Q1FY27 financial results with GWP growth and profit decline, and expansion of cashless network
- When
- Quarter ended June 2026
- Where
- India
- Why
- To build a sustainable and resilient business through prudent underwriting, digital innovation and customer‑first service
- Gross Written Premium
- ₹2,130 crore
- Net Profit
- ₹86 crore
- Net Worth
- ₹3,415 crore
- Solvency Ratio
- 1.93 times
- Cashless Garages
- 18,000+
- Cashless Hospitals
- 13,900+