Cholamandalam Financial Holdings

Chola MS reported Q4 FY26 GDPI of ₹20,048Current reported value: 20,048. No comparable prior figure is available in the source record. 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%Current reported value: 115.2%. No comparable prior figure is available in the source record. (112.2% ex-1/N), driven by a 10% rise in motor OD claims ratioCurrent reported value: 10% rise in motor OD claims ratio. No comparable prior figure is available in the source record. and prudent motor TP reserving augmentation. Management highlighted a 7-8% pricing improvementCurrent reported value: 7-8% pricing improvement. No comparable prior figure is available in the source record. 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.