Ranked 16thLargest Global Reinsurer Group(compiled by A M Best)
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| Particulars | Schedule | Current Year | Previous Year | ||||||
| (` '000) | (` '000) | ||||||||
| 1. | Premiums earned (Net) | 1 |
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| 2. | Profit on sale of Investments (Net) |
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| 3. | Forex Gain/( Loss) |
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| 4. | Interest, Dividend & Rent - Gross |
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| Total (A) |
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| 1. | Claims Incurred (Net) | 2 |
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| 2. | Commission (Net) | 3 |
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| 3. | Operating Expenses related to Insurance Business | 4 |
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| 4. | Expenses relating to Investments |
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| 5. | Premium Deficiency | 0 | 0 | ||||||
| Total (B) |
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| Operating Profit /- Loss from Fire Business C = (A-B) |
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| APPROPRIATIONS | |||||||||
| Transfer to Shareholders' Account |
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| Transfer to Catastrophe Reserve | 0 | 0 | |||||||
| Transfer to Other Reserves (to be specified) | 0 | 0 | |||||||
| Total (C) |
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| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | |||||||||
| In Respect of Miscellaneous Insurance Business | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Particulars | Schedule | Current Year | Previous Year | ||||||
| (` '000) | (` '000) | ||||||||
| 1. | Premiums earned (Net) | 1 |
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| 2. | Profit on sale of Investments (Net) |
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||||||
| 3. | Forex Gain/( Loss) |
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||||||
| 4. | Interest, Dividend & Rent - Gross |
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| Total (A) |
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|||||||
| 1. | Claims Incurred (Net) | 2 |
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| 2. | Commission (Net) | 3 |
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| 3. | Operating Expenses related to Insurance Business | 4 |
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| 4. | Expenses relating to Investments |
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| 5. | Premium Deficiency | 0 | 0 | ||||||
| Total (B) |
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| Operating Profit/-Loss from Miscellaneous Business C = (A-B) |
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|||||||
| APPROPRIATIONS | |||||||||
| Transfer to Shareholders' Account |
|
|
|||||||
| Transfer to Catastrophe Reserve | 0 | 0 | |||||||
| Transfer to Other Reserves (to be specified) | 0 | 0 | |||||||
| Total (C) |
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|||||||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses. | |||||||||
| In Respect of Marine Insurance Business | |||||||
|---|---|---|---|---|---|---|---|
| Particulars | Schedule | Current Year | Previous Year | ||||
| (` '000) | (` '000) | ||||||
| 1. | Premiums earned (Net) | 1 |
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|
|||
| 2. | Profit on sale of Investments (Net) |
|
|
||||
| 3. | Forex Gain/( Loss) |
|
|
||||
| 4. | Interest, Dividend & Rent - Gross |
|
|
||||
| Total (A) |
|
|
|||||
| 1. | Claims Incurred (Net) | 2 |
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|
|||
| 2. | Commission (Net) | 3 |
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|
|||
| 3. | Operating Expenses related to Insurance Business | 4 |
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|
|||
| 4. | Expenses relating to Investments |
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||||
| 5. | Premium Deficiency | 0 | 0 | ||||
| Total (B) |
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|||||
| Operating Profit/-Loss from Marine Business C = (A-B) |
|
|
|||||
| APPROPRIATIONS | |||||||
| Transfer to Shareholders' Account |
|
|
|||||
| Transfer to Catastrophe Reserve | 0 | 0 | |||||
| Transfer to Other Reserves (to be specified) | 0 | 0 | |||||
| Total (C) |
|
|
|||||
| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. | |||||||
| In Respect of Life Insurance Business | |||||||
|---|---|---|---|---|---|---|---|
| Particulars | Schedule | Current Year | Previous Year | ||||
| (` '000) | (` '000) | ||||||
| 1. | Premiums earned (Net) | 1 |
|
|
|||
| 2. | Profit on sale of Investments (Net) |
|
|
||||
| 3. | Forex Gain/( Loss) |
|
|
||||
| 4. | Interest, Dividend & Rent - Gross |
|
|
||||
| Total (A) |
|
|
|||||
| 1. | Claims Incurred (Net) | 2 |
|
|
|||
| 2. | Commission (Net) | 3 |
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|
|||
| 3. | Operating Expenses related to Insurance Business | 4 |
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| 4. | Expenses relating to Investments |
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||||
| 5. | Premium Deficiency | 352 962 | 194 15 | ||||
| Total (B) |
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|||||
| Operating Profit/-Loss from Life Business C = (A-B) |
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| APPROPRIATIONS | |||||||
| Transfer to Shareholders' Account |
|
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|||||
| Transfer to Catastrophe Reserve | - | - | |||||
| Transfer to Other Reserves (to be specified) | - | - | |||||
| Total (C) |
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| As required by Section 40C (2) of the Insurance Act, 1938, we certify that, all expenses of management, wherever incurred, whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses. | |||||||
Ranked 16thLargest Global Reinsurer Group(compiled by A M Best)