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View Claim Ledger →Cholamandalam Financial Holdings Ltd — Q4 FY26
Chola MS reported Q4 FY26 GDPI of ₹20,048 crore, impacted by the loss of crop insurance business (₹590 crore for the year) and a conscious reduction in two-wheeler premium.
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Chola MS reported Q4 FY26 GDPI of ₹20,048 crore, impacted by the loss of crop insurance business (₹590 crore for the year) and a conscious reduction in two-wheeler premium. The combined ratio deteriorated to 115.2% (112.2% ex-1/N), driven by a 10% rise in motor OD claims ratio and prudent motor TP reserving augmentation. Management highlighted a 7-8% pricing improvement in motor OD over the last 2-3 months, expected to reduce loss ratios over the next 6 months. The company seeks forbearance for IND-AS adoption from April 2027. Key risk: continued absence of motor TP premium revision and rising severity in court awards could further pressure underwriting profitability.
Promises0 met · 1 missedRisks4 trackedTranscriptfull text
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Motor TP premium revision delay
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Motor Market Share
5.25%
Stable YoY
Market share held steady despite conscious reduction in two-wheeler business.
Motor OD Market Share
5.89%
+64bps YoY
Grew in motor own damage segment while moderating third-party market share.
Two-Wheeler Premium Reduction
₹225 crore
-225 Cr YoY
Conscious reduction in two-wheeler portfolio due to absence of TP premium hike.
Solvency Ratio
1.96x
-22bps YoY
Declined from 2.18x due to higher claims ratio and capital consumption.
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Guidance and risk preview
Management reiterated medium-to-long-term ROE target of 15%+, to be achieved through combined ratio improvement and float income management.
Absence of motor third-party premium increase for 4-5 years, combined with rising minimum wages and medical inflation, could further increase claim...
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