Cholamandalam MS General Insurance Co. Ltd. (Chola MS) has posted a 23% year-on-year growth in gross written premium (GWP) to ₹7,598 crore for FY24.Chola MS recorded a profit before tax of ₹444 crore against ₹264 crore. During the fourth quarter, it recorded a GWP of ₹2,020 crore and PBT of ₹91 crore, the Murugappa group firm said in a statement.The investment corpus crossed ₹16,811 crore with growth in investment income. The solvency margin stood at 1.79 times (regulatory…
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Chola MS posts 23% growth in FY24 gross written premium to ₹7,598 crore
