Chennai, July 22 -- Cholamandalam MS General Insurance Company Ltd (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, today announced its unaudited financial results for Q1 FY25-26, reporting a Gross Written Premium
(GWP) of Rs 1,997 crore.
On the key financial and operational highlights for Q1 FY25-26, the company said Gross Written Premium (GWP) growth was at 2.7% consequent to the 1/n method of GWP recognition effective October 1, 2024.
The GWP growth was 7.9% on full premium basis. The Company had Rs.102 crs of non-motor long term premium the recognition of which has been deferred to respective annual periods.
Profit Before Tax (PBT) for Q1 was Rs.144.77 Cr as against Rs.178.96 cr...