| FORM NL-1-B-RA | ||||||
|---|---|---|---|---|---|---|
| Registration No. 112 | ||||||
| Date of Registration with the IRDA : 2nd April, 2001 | ||||||
| REVENUE ACCOUNT FOR THE PERIOD ENDED 31.12.2010 | ||||||
| FIRE INSURANCE BUSINESS | ||||||
| - | Particulars | Schedule | FOR THE QUARTER | FOR THE IIIrd QTR 31.12.2010 | FOR THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS IIIrd QTR 31.12.2009 |
| - | - | - | (RsIN 000) | (RsIN 000) | (RsIN 000) | (RsIN 000) |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 5616 385 | 19864 033 | 5397 367 | 17639 093 |
| - | - | - | - | - | - | - |
| 2 | Profit on sale of Investments (Net) | - | 218 029 | 927 617 | 311 125 | 841 571 |
| - | - | - | - | - | - | - |
| 3 | Profit/-Loss on Exchange Fluctuation | - | -37 000 | -104 722 | -7 977 | -29 072 |
| - | - | - | - | - | - | - |
| 4 | Interest, Dividend & Rent - Gross | - | 594 673 | 2105 157 | 492 823 | 1736 041 |
| - | TOTAL (A) | - | 6392 087 | 22792 085 | 6193 338 | 20187 633 |
| - | - | - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 4914 819 | 14410 728 | 4216 531 | 11890 672 |
| - | - | - | - | - | - | - |
| 2 | Commission (Net) | NL-6-Commission Schedule | 1412 389 | 4869 048 | 1965 001 | 5500 788 |
| - | - | - | - | - | - | - |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 49 917 | 184 269 | 52 543 | 153 069 |
| - | - | - | - | - | - | - |
| 4 | Expenses relating to Investments | - | 2 162 | 4 816 | 1 614 | 3 415 |
| - | - | - | - | - | - | - |
| - | TOTAL (B) | - | 6379 287 | 19468 861 | 6235 689 | 17547 944 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | 12 800 | 3323 224 | -42 351 | 2639 689 |
| - | APPROPRIATIONS | - | - | - | - | - |
| - | - | - | - | - | - | - |
| - | Transfer to Shareholders’ Account | - | 12 800 | 3323 224 | -42 351 | 2639 689 |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - |
| - | TOTAL (C) | - | 12 800 | 3323 224 | -42 351 | 2639 689 |
| 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 Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. | ||||||
| MISCELLANEOUS INSURANCE BUSINESS | ||||||
| Particulars | Schedule | FOR THE QUARTER | FOR THE IIIrd QTR 31.12.2010 | FOR THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS IIIrd QTR 31.12.2009 | |
| (RsIN 000) | (RsIN 000) | (RsIN 000) | (RsIN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 13050 767 | 41656 480 | 12065 056 | 35372 570 |
| - | - | - | - | - | - | - |
| 2 | Profit on sale of Investments (Net) | - | 426 706 | 1815 444 | 677 953 | 1833 818 |
| - | - | - | - | - | - | - |
| 3 | Profit/-Loss on Exchange Fluctuation | - | -71 453 | -77 969 | -8 296 | 48 250 |
| - | - | - | - | - | - | - |
| 4 | Interest, Dividend & Rent - Gross | - | 1163 837 | 4120 011 | 1073 883 | 3782 907 |
| - | TOTAL (A) | - | 14569 857 | 47513 966 | 13808 596 | 41037 545 |
| - | - | - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 10905 315 | 35465 635 | 7624 381 | 31373 085 |
| - | - | - | - | - | - | - |
| 2 | Commission (Net) | NL-6-Commission Schedule | 2348 029 | 7717 144 | 2460 261 | 7375 492 |
| - | - | - | - | - | - | - |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 121 411 | 349 263 | 81 653 | 246 247 |
| - | - | - | - | - | - | - |
| 4 | Expenses relating to Investments | - | 4 231 | 9 425 | 3 517 | 7 442 |
| - | - | - | - | - | - | - |
| - | TOTAL (B) | - | 13378 986 | 43541 467 | 10169 812 | 39002 266 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | 1190 871 | 3972 499 | 3638 784 | 2035 279 |
| - | APPROPRIATIONS | - | - | - | - | - |
| - | - | - | - | - | - | - |
| - | Transfer to Shareholders’ Account | - | 1190 871 | 3972 499 | 3638 784 | 2035 279 |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - |
| - | TOTAL (C) | - | 1190 871 | 3972 499 | 3638 784 | 2035 279 |
| 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. | ||||||
| MARINE INSURANCE BUSINESS | ||||||
| Particulars | Schedule | FOR THE QUARTER | FOR THE IIIrd QTR 31.12.2010 | FOR THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS IIIrd QTR 31.12.2009 | |
| - | - | - | (RsIN 000) | (RsIN 000) | (RsIN 000) | (RsIN 000) |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 1498 781 | 5275 547 | 1656 564 | 4793 149 |
| - | - | - | - | - | - | - |
| 2 | Profit on sale of Investments (Net) | - | 87 072 | 370 456 | 153 605 | 415 491 |
| - | - | - | - | - | - | - |
| 3 | Profit/-Loss on Exchange Fluctuation | - | -4 473 | 7 487 | 2 187 | 74 108 |
| - | - | - | - | - | - | - |
| 4 | Interest, Dividend & Rent - Gross | - | 237 491 | 840 723 | 243 311 | 857 099 |
| - | TOTAL (A) | - | 1818 871 | 6494 213 | 2055 667 | 6139 847 |
| - | - | - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 1837 462 | 5102 567 | 1383 434 | 4522 303 |
| - | - | - | - | - | - | - |
| 2 | Commission (Net) | NL-6-Commission Schedule | 572 267 | 1630 681 | 357 408 | 1143 941 |
| - | - | - | - | - | - | - |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 18 006 | 44 634 | 6 763 | 26 034 |
| - | - | - | - | - | - | - |
| 4 | Expenses relating to Investments | - | 863 | 1 923 | 797 | 1 686 |
| - | - | - | - | - | - | - |
| - | TOTAL (B) | - | 2428 598 | 6779 805 | 1748 402 | 5693 964 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -609 727 | -285 592 | 307 265 | 445 883 |
| - | APPROPRIATIONS | - | - | - | - | - |
| - | - | - | - | - | - | - |
| - | Transfer to Shareholders’ Account | - | -609 727 | -285 592 | 307 265 | 445 883 |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - |
| - | TOTAL (C) | - | -609 727 | -285 592 | 307 265 | 445 883 |
| 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. | ||||||
| LIFE INSURANCE BUSINESS | - | - | - | - | - | |
| - | Particulars | Schedule | FOR THE QUARTER | FOR THE IIIrd QTR 31.12.2010 | FOR THE QUARTER OF THE PRECEDING YEAR | FOR THE PREVIOUS IIIrd QTR 31.12.2009 |
| - | - | - | (RsIN 000) | (RsIN 000) | (RsIN 000) | (RsIN 000) |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 36 713 | 131 403 | 11 537 | 65 121 |
| - | - | - | - | - | - | - |
| 2 | Profit on sale of Investments (Net) | - | 822 | 3 495 | 1 073 | 2 902 |
| - | - | - | - | - | - | - |
| 3 | Profit/-Loss on Exchange Fluctuation | - | - 16 | 746 | - 173 | - 381 |
| - | - | - | - | - | - | - |
| 4 | Interest, Dividend & Rent - Gross | - | 2 241 | 7 931 | 1 699 | 5 986 |
| - | TOTAL (A) | - | 39 760 | 143 575 | 14 136 | 73 628 |
| - | - | - | - | - | - | - |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 25 402 | 67 664 | 7 313 | 53 376 |
| - | - | - | - | - | - | - |
| 2 | Commission (Net) | NL-6-Commission Schedule | 4 486 | 10 187 | 13 763 | 17 152 |
| - | - | - | - | - | - | - |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 427 | 1 142 | 25 | 541 |
| - | - | - | - | - | - | - |
| 4 | Expenses relating to Investments | - | 8 | 18 | 6 | 12 |
| - | - | - | - | - | - | - |
| - | TOTAL (B) | - | 30 323 | 79 011 | 21 107 | 71 081 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | 9 437 | 64 564 | -6 971 | 2 547 |
| - | APPROPRIATIONS | - | - | - | - | - |
| - | - | - | - | - | - | - |
| - | Transfer to Shareholders’ Account | - | 9 437 | 64 564 | -6 971 | 2 547 |
| - | Transfer to Catastrophe Reserve | - | - | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - | - | - |
| - | TOTAL (C) | - | 9 437 | 64 564 | -6 971 | 2 547 |
| 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 Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses. | ||||||