| FORM NL-1-B-RA | ||||
|---|---|---|---|---|
| Name of the Insurer:--GENERAL INSURANCE CORPORATION OF INDIA | ||||
| Registration No.112 | ||||
| Date of--Registration with the IRDA : 2nd April, 2001 | ||||
| REVENUE ACCOUNT FOR THE QUARTER ENDED 30.06.2011 | - | - | - | |
| FIRE INSURANCE BUSINESS | - | - | - | |
| - | Particulars | Schedule | FOR THE QUARTER 30.06.2011 | FOR THE PREVIOUS QUARTER 30.06.2010 |
| - | - | - | ( Rs IN 000) | ( Rs IN 000) |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 8175 322 | 7509 638 |
| 2 | Profit on sale of Investments (Net) | - | 177 658 | 77 548 |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 2 153 | -47 882 |
| 4 | Interest, Dividend & Rent - Gross | - | 728 642 | 579 580 |
| - | TOTAL (A) | - | 9083 775 | 8118 884 |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 7563 253 | 3729 237 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 1622 808 | 1411 053 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 71 483 | 76 644 |
| 4 | Expenses relating to Investments | - | 2 064 | 3 |
| - | TOTAL (B) | - | 9259 608 | 5216 937 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | -175 833 | 2901 947 |
| - | APPROPRIATIONS | - | - | - |
| - | Transfer to Shareholders’ Account | - | -175 833 | 2901 947 |
| - | Transfer to Catastrophe Reserve | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - |
| - | TOTAL (C) | - | -175 833 | 2901 947 |
| 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 30.06.2011 | FOR THE PREVIOUS QUARTER 30.06.2010 | |
| ( Rs IN 000) | ( Rs IN 000) | |||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 15003 849 | 12419 455 |
| 2 | Profit on sale of Investments (Net) | - | 355 747 | 151 769 |
| 3 | Profit/-Loss on Exchange Fluctuation | - | - 721 | 1 012 |
| 4 | Interest, Dividend & Rent - Gross | - | 1459 050 | 1134 299 |
| - | TOTAL (A) | - | 16817 925 | 13706 535 |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 11842 649 | 10715 007 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 2400 922 | 2287 798 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 111 922 | 107 291 |
| 4 | Expenses relating to Investments | - | 4 134 | 6 |
| - | TOTAL (B) | - | 14359 627 | 13110 102 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | 2458 298 | 596 433 |
| - | APPROPRIATIONS | - | - | - |
| - | Transfer to Shareholders’ Account | - | 2458 298 | 596 433 |
| - | Transfer to Catastrophe Reserve | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - |
| - | TOTAL (C) | - | 2458 298 | 596 433 |
| 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 30.06.2011 | FOR THE PREVIOUS QUARTER 30.06.2010 |
| - | - | - | ( Rs IN 000) | ( Rs IN 000) |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 2208 424 | 1624 850 |
| 2 | Profit on sale of Investments (Net) | - | 65 262 | 30 970 |
| 3 | Profit/-Loss on Exchange Fluctuation | - | 3 040 | 46 198 |
| 4 | Interest, Dividend & Rent - Gross | - | 267 662 | 231 463 |
| - | TOTAL (A) | - | 2544 388 | 1933 481 |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 1599 511 | 1588 344 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 613 084 | 447 138 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 15 421 | 14 882 |
| 4 | Expenses relating to Investments | - | 758 | 1 |
| - | TOTAL (B) | - | 2228 774 | 2050 365 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | 315 614 | -116 884 |
| - | APPROPRIATIONS | - | - | - |
| - | Transfer to Shareholders’ Account | - | 315 614 | -116 884 |
| - | Transfer to Catastrophe Reserve | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - |
| - | TOTAL (C) | - | 315 614 | -116 884 |
| 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. | ||||
| - | Particulars | Schedule | FOR THE QUARTER 30.06.2011 | FOR THE PREVIOUS QUARTER 30.06.2010 |
| - | - | - | ( Rs IN 000) | ( Rs IN 000) |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 26 371 | 30 152 |
| 2 | Profit on sale of Investments (Net) | - | 1 191 | 292 |
| 3 | Profit/-Loss on Exchange Fluctuation | - | - 103 | - 57 |
| 4 | Interest, Dividend & Rent - Gross | - | 4 883 | 2 183 |
| - | TOTAL (A) | - | 32 342 | 32 570 |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | -57 632 | 9 195 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 3 750 | 1 740 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 177 | 197 |
| 4 | Expenses relating to Investments | - | 14 | 0 |
| - | TOTAL (B) | - | -53 691 | 11 132 |
| - | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | - | 86 033 | 21 438 |
| - | APPROPRIATIONS | - | - | - |
| - | Transfer to Shareholders’ Account | - | 86 033 | 21 438 |
| - | Transfer to Catastrophe Reserve | - | - | - |
| - | Transfer to Other Reserves (to be specified) | - | - | - |
| - | TOTAL (C) | - | 86 033 | 21 438 |
| 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. | ||||