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Cholamandalam Financial Holdings reported Q1 FY26 GWP of INR 1,997 Cr and PBT of INR 145 Cr. The claims ratio increased to 81% due to higher motor third-party reserving and significant fire claims, alongside elevated motor OD losses. Positively, expense of management improved to 30.4%. Management anticipates an INR 500 Cr annual drop in crop premium but expects reinsurance accepted business (8-10% of GWP) to contribute. The focus remains on economic viability, with EOM improvements expected to positively impact the combined ratio, signaling a prudent approach.
All announcements from Cholamandalam Financial Holdings Limited