Cholamandalam Financial Holdings Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Chola MS reported gross direct premium income of Rs. 1,860 crores for Q1 FY2027, up 2.6% year-on-year, while gross written premium grew 6.7% to Rs. 2,130 crores. The combined ratio rose to 120.4% for the quarter, reflecting higher motor reserve strengthening, elevated motor OD claims experience, and a large fire loss, while operating profit was Rs.71 crore and profit before tax was Rs.116 crore. Management discussed pricing pressure in commercial lines and health, corrective actions on motor OD loss ratios, and the pending Supreme Court review on Motor TP claims.
Cholamandalam Financial Holdings' Q4 FY26 call focused on the general insurance subsidiary Chola MS, which reported GDPI of INR2,048 crores for the quarter and INR7,762 crores for the year, impacted by the loss of crop insurance business following a re-tender. Management reported a claims ratio of 81.3% for the year, a combined ratio of 115.2% (112.2% excluding the 1/n effect), and a return on equity of 10.4% for the year. The Board decided to seek forbearance for transitioning statutory accounting to Ind AS from April 1, 2027, and Rajive Kumaraswami was introduced as Managing Director Designate, taking over from V. Suryanarayanan effective June 1.