Chola MS records 6.7% growth in Gross Written Premium in Q1FY27, profit falls

Cholamandalam MS General Insurance Company (Chola MS), the joint venture of the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, announced a net profit of ₹86 crore for the quarter ended June 2026 (Q1FY27), compared with ₹107 crore in the same period a year earlier.

Gross Written Premium (GWP) reached ₹2,130 crore, marking a 6.7 % year‑on‑year increase from ₹1,997 crore recorded in the prior year’s corresponding quarter, the insurer noted in its release.

The company’s net worth rose to ₹3,415 crore as of June 30, 2026, up from ₹3,106 crore a year ago. Its solvency ratio was 1.93×, and the return on equity for the quarter (non‑annualized) stood at 2.52 %.

In the quarter, Chola MS expanded its cash‑less network to more than 18,000 garages and over 13,900 hospitals, facilitating quicker and smoother claim processing for policyholders nationwide.

“Our focus remains on creating a sustainable and resilient business through disciplined underwriting, digital innovation, and a customer‑centric approach,” said Rajive Kumaraswami, CEO & Managing Director, Chola MS, in the statement.

Published on July 29, 2026