Cholamandalam MS General Insurance Company Ltd, a 60:40 joint venture between Murugappa Group and Japan’s Mitsui Sumitomo Insurance Group (Japan), has posted a net profit of ₹100 crore for the quarter ended December 31, 2023, compared with ₹43 crore in the year-ago period, amid the impact of catastrophic events in incurred claims.The profit before tax zoomed to ₹134 crore from ₹58 crore. The company’s gross written premium (including reinsurance inward) grew to ₹1,875 crore in…
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Chola MS posts ₹100 cr profit in Q3, to sustain higher than the industry growth
