Chennai, Jul 23 (PTI) Chola MS General Insurance Company Ltd is committed to enhancing value for customers, partners and stakeholders through innovation, operational excellence, a top official said.
The city-based Chola Ms General Insurance Company Ltd is a joint venture between the diversified conglomerate Murugappa Group and Japan-based Mitsui Sumitomo Insurance Company Ltd.
In a company statement on Wednesday, Chola MS General Insurance said it reported a profit before tax at Rs 144.77 crore as compared to Rs 178.96 crore recorded in the corresponding quarter.
"The company made a higher provisioning for motor third claims in the context of rising value of awards and absence of any increase in motor third party premium over the last 4 years. The results for the quarter (April-June 2025) were also impacted by a few large claims" Chola MS General Insurance said.
"We remain steadfast in our pursuit of sustainable and profitable growth. Our continued investments in digital platforms data-led decision making, and strategic distribution partnerships have ensured we stay resilient and future-ready," Chola MS Managing Director V Suryanarayanan said in the statement.
"We are committed to enhancing value for our customers, partners, stakeholders through innovation, operational excellence, and a strong service ethos," he added.
During the quarter under review, the company made progress in its technological transformation programmes that include the ERP (Enterprise, Resource Planning) migration and phase I launch of its enterprise-wide Data Platform.