Chennai, April 27 -- 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...