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Chola MS ended March 2023 with a net worth of Rs 2160 Crore and a solvency ratio of 2.01 times (regulatory minimum of 1.5 times) , , Cholamandalam, general insurance ....
Chennai (Tamil Nadu) [India], May 5 (ANI/NewsVoir): Cholamandalam MS General Insurance Company Ltd (Chola MS), the joint venture between Murugappa Group and Japan s Mitsui Sumitomo insurance group, has ended the financial year FY 2023 with gross written premium (GWP) of Rs 6200 Crore, a growth of 27.6 per cent (as against industry growth of 16.2 per cent). ....
May 10, 2021 Suryanarayanan V, Managing Director, Chola MS× In the previous fiscal, the company reported a GWP of ₹4,398 crore and a profit after tax of ₹149 crore Cholamandalam MS General Insurance Company Ltd (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan, has reported a profit before tax of ₹374 crore and a gross written premium (GWP) of ₹4,388 crore in FY21. In the previous fiscal, the company reported a GWP of ₹4,398 crore and a profit after tax of ₹149 crore. The company’s performance drew level with the previous year’s volumes despite the pandemic induced lockdown and economic slowdown, said a statement. ....