Chola MS General Insurance Net Commission Ratio

19.9%
Q1 FY26-27
Size indicator — not ranked

Cholamandalam MS General Insurance's net commission ratio was 19.87% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.

Net commission income as a percentage of Net Written Premium. Net commission = reinsurance commission received minus commission paid to intermediaries. A positive net commission ratio means reinsurance arrangements generate more commission income than the insurer pays out to agents and brokers.

Note: NL-20 analytical ratios. A negative ratio means the insurer pays out more in distribution costs than it recovers from reinsurers.

Historical Data

PeriodValueSource formData as of
Q1 FY26-2719.9 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q4 FY25-2621.4 %NL-20-ANALYTICAL-RATIOS2026-11-03
Q3 FY25-2625.1 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q2 FY25-2620.9 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q1 FY25-2619.6 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q4 FY24-2522.8 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q3 FY24-2526.2 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q2 FY24-2522.5 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q1 FY24-2521.6 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q4 FY23-2423.7 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q3 FY23-2420.9 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q2 FY23-2417.5 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q1 FY23-2421.2 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q4 FY22-231.1 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q3 FY22-233.0 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q2 FY22-233.4 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q1 FY22-233.5 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q4 FY21-223.6 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q3 FY21-221.9 %NL-20-ANALYTICAL-RATIOS2026-10-26
Q2 FY21-226.3 %NL-20-ANALYTICAL-RATIOS2026-10-26

Provenance

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: net_commission_ratio