Chola MS General Insurance Sees 60% Profit Surge

Chola MS General Insurance Company reported a 60% profit increase before tax for the six months ending September 2024. Profits rose to Rs 350 crore, a notable jump from Rs 219 crore in the same period last year. The company's net worth is Rs 2,753 crore.

Chola MS General Insurance Company Ltd has announced a remarkable 60% surge in its pre-tax profits, reaching Rs 350 crore for the six months ending September 30, 2024.

This growth represents a substantial increase from the Rs 219 crore recorded during the corresponding period of the previous year.

The joint venture between the diversified Murugappa Group and Japan's Mitsui Sumitomo Insurance Company attributed a portion of its profit rise to a Rs 22.7 crore one-time income tax refund.

(With inputs from agencies.)