Chola MS General Insurance — Financial Performance
Cholamandalam MS General Insurance's combined ratio was 120.4% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.
Quarterly financial ratios — Q1 FY25-26 to Q1 FY26-27
| Metric | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | Q1 FY25-26 |
|---|---|---|---|---|---|
| incurred claims ratio | 85.6%+4.6 pts | 81.3%+5.6 pts | 80.5%+7.9 pts | 81.9%+9.3 pts | 81.0%+8.9 pts |
| net commission ratio | 19.9%+0.3 pts | 21.4%−1.3 pts | 25.1%−1.1 pts | 20.9%−1.6 pts | 19.6%−2.0 pts |
| expense ratio to gross premium | 36.1%+1.4 pts | 34.5%+1.8 pts | 35.0%−1.6 pts | 35.1%+2.7 pts | 34.8%+1.1 pts |
| combined ratio | 120.4%+5.6 pts | 112.8%+3.5 pts | 117.7%+6.0 pts | 115.8%+5.2 pts | 114.8%+6.0 pts |
| solvency ratio | 1.93×−0.24× | 1.96×−0.22× | 2.04×−0.10× | 2.11×+0.05× | 2.17×+0.25× |
| profit before tax | ₹117 crore−19.5% | ₹99 crore−49.0% | ₹80 crore−41.7% | ₹121 crore−28.9% | ₹145 crore |
| profit after tax | ₹86 crore−19.7% | ₹73 crore−49.0% | ₹59 crore−41.9% | ₹91 crore−28.7% | ₹107 crore |
The small figure under each number is the change from the same quarter a year earlier — in percentage points for ratios, as a percentage change for profit before/after tax. Shown only where this insurer has a filing from exactly that quarter a year ago; no figure means that comparison isn't available, not that nothing changed.
Expense ratio shown on a gross-direct-premium basis (GDP), per IRDAI's 2021 reform — not directly comparable to an insurer's net-written-premium (NWP) basis figure if quoted elsewhere. "Not disclosed" means this insurer's filing for that quarter didn't include this figure — not an estimate.
Full-year financial ratios
These are the insurer's own full-year figures, as filed with IRDAI for the whole fiscal year — not the same as adding up four quarters, since each quarter's own number above is a standalone snapshot for that quarter alone.
| Metric | FY25-26 |
|---|---|
| incurred claims ratio | 81.2% |
| net commission ratio | 21.9% |
| expense ratio to gross premium | 34.8% |
| combined ratio | 115.2% |
Provenance (combined ratio, latest quarter)
- Reported by
- Chola MS General Insurance
- Regulatory form
- NL-20-ANALYTICAL-RATIOS · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- Public_Disclosure_for_Q1_FY_2026-27.pdf · Chola MS General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-26
- Note
- NL-20 row-format label match: combined_ratio