Latest news with #CholaMS
United News of India
28-04-2025
- Business
- United News of India
Sensex bounces back over 600 pts
Sensex bounces back over 600 pts 28 Apr 2025 | 11:23 AM Mumbai, Apr 28 (UNI) Erasing losses of the last two sessions, the BSE Sensex on Monday jumped 699.64 pts at 79,912.1 in opening session as buying was seen across the board amid strong global cues. see more.. Engineering goods exports from India reach all-time high in FY25, hitting $116 67 billion 27 Apr 2025 | 8:28 PM Kolkata, Apr 27 (UNI) Registering a year-on-year growth of 6.74 percent, engineering goods exports from India reached its all-time high of USD 116.67 billion in fiscal 2024-25 (FY25), surpassing the previous high of USD 112.10 billion achieved in fiscal 2021-22, according to EEPC India. see more.. Chola MS records Rs 8,328 Cr GWP 27 Apr 2025 | 5:48 PM Chennai, Apr 27 (UNI) Cholamandalam MS General Insurance Company Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Insurance Group (Japan), has ended FY 2025 with a gross written premium (GWP) of Rs 8,328 crores, a growth of 9.61 % (higher than industry growth). see more..
United News of India
27-04-2025
- Business
- United News of India
Chola MS records Rs 8,328 Cr GWP
Chennai, Apr 27 (UNI) Cholamandalam MS General Insurance Company Ltd (Chola MS), a joint venture between the Murugappa Group and the Mitsui Sumitomo Insurance Group (Japan), has ended FY 2025 with a gross written premium (GWP) of Rs 8,328 crores, a growth of 9.61 % (higher than industry growth). The market share of Chola MS has grown to 3.15% amongst the multi-line players, a company release said here on Sunday. Abiding the regulatory change effective October 1, 2024 relating to reporting of GWP on long term non-motor products, Chola MS has treated such premium relating to future accounting periods as premium in advance amounting to Rs.249 crs. The Profit before Tax (PBT) for the year stood at Rs.681 crore as compared to Rs.444 crores in the previous year. PBT included one-time income by way of recovery from investments write-off in earlier years to the tune of Rs.54 crore. Chola MS ended the year with a net-worth of Rs.2,999 crore of which 85% is from earned profits over the years. The Return on equity for the year was 16.91% as against 13.3% in the previous year. UNI GV 1745
