CHOLAHLDNG / Q3-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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NegativeQ3-FY26 · 2026-01-15Back to quarter ↗

Questions audited

Answered directly

64%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Rajna · SCIL Ventures

partial

Factors behind ROE decline and plans to return to 16-18% range.

Motor OD loss ratios have gone up 8-9% for us... motor third party provisioning is about 14% higher than competition... we are working at restoring back efficiencies...

Rajna · SCIL Ventures

partial

Elaborate on plans to improve ROEs.

We have been converging to the expense of management glide path... EIM now at about 30.6... next year we will have a new season tender for crop business... hopes to be back in the crop business...

Rajna · SCIL Ventures

direct

Why PBT differs between Chola MS and holding company.

For insurance company the standalone books are prepared bases the IGAP norms... holding company is on the IFRS... that's the reason you are seeing a difference.

Sit · Aendas Park

partial

Can combined ratio improve given competitive intensity and corrective actions?

I would draw your attention to page 55... waterfall chart highlights how profits have moved... the single large effect is increase in TP linked provisioning which is 150 crores... we see improvements pan out...

Sit · Aendas Park

partial

Which segments cause motor OD pain and how will OD improve?

The pressure is more in cars... we are seeing those changes in the sourcing... it will show up in the OD LRs because the sourcing mix and pattern is changing.

Sit · Aendas Park

evasive

Will health and PA business improve?

I did show you in the page 51 on account of the impact by way of some reinsurance arrangements which is includes in health...

Sit · Aendas Park

direct

Will you continue reinsurance inward business given losses?

We will be more careful on the choices of business lines where we do it. That change will happen.

Sit · Aendas Park

direct

Can loss ratio improve by 4% next year if crop and OD improve?

You can expect that a good portion to come back... no reason why from an 81.1 it can't go back to say a 77 and a half... that is very much certainly possible.

Sit · Aendas Park

evasive

Will TP loss ratios remain high if no price hike and commissions cut?

We have taken this provisioning which is higher now... we will be in a better position... we would have advanced that absorption.

Manish Priya · Sasat Vidi LLP

direct

Will TP provisioning reverse if price hike occurs? And equity allocation plans.

Yes the TP provisioning can go down... if the price goes up certainly I think it will come back. Second, today we are equity at about 6.7%... first stop would be to take it up to 10%.

Manish Priya · Sasat Vidi LLP

declined

Any plans to list the general insurance company?

The board of CFSL will take an appropriate call at closer to the time we have not considered anything at this point in time.

Ravi Prohit · Security Investments Management

direct

Which ROE number (IGAAP or Ind AS) reflects true economic performance?

For us if you ask like economic purpose we always consider the regulatory number to be a final number... that number should be considered.