Chola MS General Insurance — Underwriting Performance
Chola MS General Insurance: Motor TP led at 37.5% of gross direct premium (₹69,798 lakh) for Q1 FY26-27, per IRDAI form NL-4.
Business mix by segment — Q1 FY26-27
| Classification | Gross direct premium | Share of business | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail | ₹1,27,795 lakh | 68.7% | |||||||||||||||||||||||||||
Retail segments (2)
| |||||||||||||||||||||||||||||
| Hybrid | ₹26,310 lakh | 14.1% | |||||||||||||||||||||||||||
Hybrid segments (3)
| |||||||||||||||||||||||||||||
| Commercial | ₹31,887 lakh | 17.1% | |||||||||||||||||||||||||||
Commercial segments (9)
| |||||||||||||||||||||||||||||
| Grand total | ₹1,85,992 lakh | 100% | |||||||||||||||||||||||||||
Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — click through to the full per-segment breakdown below for the underlying filed detail, or the combined ratio & ICR by segment table further down for each segment's own profitability ratios.
Gross direct premium by segment — full detail, Q2 FY25-26 to Q1 FY26-27
| Segment | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | % of total, Q1 FY26-27 |
|---|---|---|---|---|---|
| Fire GDP | ₹18,866 lakh | ₹14,966 lakh | ₹12,400 lakh | ₹17,524 lakh | 10.1% |
| Marine Cargo GDP | ₹6,509 lakh | ₹3,511 lakh | ₹2,159 lakh | ₹3,822 lakh | 3.5% |
| Marine Hull GDP | ₹2,891 lakh | ₹645 lakh | ₹815 lakh | ₹1,102 lakh | 1.6% |
| Motor OD GDP | ₹57,997 lakh | ₹66,994 lakh | ₹72,534 lakh | ₹62,556 lakh | 31.2% |
| Motor TP GDP | ₹69,798 lakh | ₹91,306 lakh | ₹84,728 lakh | ₹69,130 lakh | 37.5% |
| Health GDP | ₹19,083 lakh | ₹17,857 lakh | ₹24,228 lakh | ₹21,670 lakh | 10.3% |
| Personal Accident GDP | ₹7,194 lakh | ₹6,821 lakh | ₹7,618 lakh | ₹4,622 lakh | 3.9% |
| Travel GDP | ₹33 lakh | ₹13 lakh | ₹18 lakh | ₹27 lakh | 0.0% |
| Workmen's Comp. GDP | ₹396 lakh | ₹302 lakh | ₹155 lakh | ₹417 lakh | 0.2% |
| Liability GDP | ₹790 lakh | ₹117 lakh | ₹186 lakh | ₹361 lakh | 0.4% |
| Engineering GDP | ₹1,434 lakh | ₹1,010 lakh | ₹831 lakh | ₹1,063 lakh | 0.8% |
| Aviation GDP | ₹0 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Crop GDP | ₹4 lakh | ₹0 lakh | ₹0 lakh | ₹0 lakh | 0.0% |
| Other GDP | ₹997 lakh | ₹1,267 lakh | ₹983 lakh | ₹1,233 lakh | 0.5% |
| Total gross direct premium | ₹1,85,992 lakh | ₹2,04,809 lakh | ₹2,06,655 lakh | ₹1,83,527 lakh | 100% |
Gross direct premium (not net earned premium) per IRDAI Form NL-4 (Premium Schedule), "for the quarter" column — these are standalone quarterly amounts, not running year-to-date totals. Segment-level net incurred claims in absolute rupees aren't shown here: IRDAI's segment-level claims filing (Form NL-5) hasn't been extracted for this insurer yet — see the combined ratio & ICR table below for the ratio form of this, sourced from NL-20.
Combined ratio & ICR by segment — Q1 FY26-27
| Segment | ICR | Combined ratio |
|---|---|---|
| Fire | 84.2% | 80.9% |
| Marine Cargo | 77.3% | 100.0% |
| Marine Hull | 0.0% | 0.0% |
| Motor OD | 86.3% | 141.2% |
| Motor TP | 84.4% | 112.4% |
| Health | 103.6% | 122.3% |
| Personal Accident | 28.0% | 125.3% |
| Travel | -20.0% | 22.4% |
| Workmen's Comp. | 75.0% | 103.8% |
| Liability | 96.8% | 164.1% |
| Engineering | 106.1% | 138.7% |
| Aviation | 0.0% | 0.0% |
| Crop | 7.1% | 19.4% |
Per IRDAI Form NL-20 (Analytical Ratios Schedule)'s own segmental breakdown, latest quarter only — this granularity isn't reliably available as a multi-quarter trend across insurers. Combined ratio here can legitimately differ from a simple "ICR + expense" sum when a segment's own expense-to-net-written-premium ratio is unusually negative or positive for the quarter — reported exactly as filed, not recalculated.
Provenance (Motor TP GDP, latest quarter)
- Reported by
- Chola MS General Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/cholamandalam-ms-general/Public_Disclosure_for_Q1_FY_2026-27.pdf · Chola MS General Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-24
- Note
- NL-4 segment GDP, for the quarter (sum=185,992 vs Grand Total=185992.0)