CHOLAHLDNG / Q1-FY26 / claim-ledger

Audit the questions that mattered.

Cholamandalam Financial Holdings · Analyst questions, management answers, and the quality of the response where the ledger is available.

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NegativeQ1-FY26 · 2025-08-01Back to quarter ↗

Questions audited

7

Answered directly

36%

Numeric claims

0

Consistency

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Question ledger

What was answered, and how?

Sanank Godha · Aendes Park

partial

Why is loss ratio so high (81%) and will it improve?

twin elements of stepping up the motor third party and the fire losses that impact is about 5.11%... 81 minus 5.11 which is at about 76%... corrective action has been taken... generally it is elevated in Q1 and then drops down through the other quarters.

Sanank Godha · Aendes Park

evasive

Is the 80.4% loss ratio the new normal after reserve enhancement?

it may not go back to that 72% level but it can be lower than this number... the industry has not had any increase over a fairly long period and the severity inflation is real... the right direction for the motor TP is actually to inch up from the earlier levels.

Sanank Godha · Aendes Park

partial

Will price hikes improve loss ratio meaningfully?

One could expect that. Yes. But then today while there are press reports... we really have to wait and see as to whether it fructifies but as and when the price increase happens I'm sure this will get toned down.

Sanank Godha · Aendes Park

direct

Is the 9% reinsurance accepted business the new normal?

we can expect this number to be around this level about 8 to 10% is something that we can expect through the year... it can be across lines of business not necessarily in a particular line.

Tankit Gora · Aventus Park

partial

Why is health loss ratio still high despite corrective actions?

our volumes in PA have been toned down a bit given the EIM and other considerations which is also a reason for the pump hat related loss ratios... we have also making provisions conservatively there.

Tankit Gora · Aventus Park

evasive

What is the growth outlook given crop business loss?

That's our intent. We'll have to see. Of course, the competitive intensity in the market is quite high... we won't be chasing top line.

Tankit Gora · Aventus Park

evasive

Will combined ratio be similar to last year's 110%?

you also have to see the change happening in the UIM number... from 33.3 it has come down to about 30.4... our intent will also be to continue and maintain that trend.