Chola MS PAT declines by 28.3% in Q2 FY26

CHENNAI: Cholamandalam MS General Insurance Company (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, posted a 28.3% dip in Profit after Tax (PAT) at Rs 91 crore in the quarter ended Sept 30, 2025, against Rs 127 crore in the corresponding last year. Its Gross Written Premium (GWP) increased marginally by 1.3% to Rs 2,220 crore in Q2 FY26 from Rs 2,191 crore in Q2 FY25.In a statement here on Tuesday, the company said, recognising the absence of any increase in motor third party premium over the past four years, it has made a higher provisioning of about Rs 88 crore in H1 towards motor third claims in the context of rising value of awards. More than three lakh claims were settled in the half year across various lines of business, it added.