| FORM NL-1-B-RA | ||||||
|---|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | ||||||
| Registration No. 112 | ||||||
| Date of Registration with the IRDAI : 2nd April, 2001 | ||||||
| REVENUE ACCOUNT FOR THE PERIOD ENDED 31.03.2016 | ||||||
| FIRE INSURANCE BUSINESS | ( ` IN 000) | |||||
| PARTICULARS | SCHEDULE | For the quarter ending 31.03.2016 | Up to the quarter ending 31.03.2016 | For the corresponding quarter of the preceeding year | Up to the Quarter of the prceeding year | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 12208 591 | 45039 525 | 10147 055 | 39687 111 |
| 2 | Profit on sale of Investments (Net) | 1517 020 | 3440 734 | 1844 358 | 4635 672 | |
| 3 | Profit/-Loss on Exchange Fluctuation | 1 116 | 491 493 | -221 171 | -206 797 | |
| 4 | Interest, Dividend & Rent - Gross | 1350 345 | 5689 979 | 1431 791 | 6214 343 | |
| TOTAL (A) | 15077 072 | 54661 731 | 13202 033 | 50330 329 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 845 338 | 34492 171 | 4232 947 | 26538 919 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 3682 490 | 12386 938 | 2727 930 | 9658 600 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 180 688 | 681 359 | 129 643 | 544 148 |
| 4 | Expenses relating to Investments | 2 302 | 7 273 | 2 921 | 8 238 | |
| TOTAL (B) | 4710 818 | 47567 741 | 7093 441 | 36749 905 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 10366 254 | 7093 990 | 6108 592 | 13580 424 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders’ Account | 10366 254 | 7093 990 | 6108 592 | 13580 424 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | 10366 254 | 7093 990 | 6108 592 | 13580 424 | ||
| 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 ending 31.03.2016 | Up to the quarter ending 31.03.2016 | For the corresponding quarter of the preceeding year | Up to the Quarter of the prceeding year | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 28591 847 | 94878 040 | 25083 836 | 85256 515 |
| 2 | Profit on sale of Investments (Net) | 2686 177 | 6092 484 | 2866 042 | 7203 607 | |
| 3 | Profit/-Loss on Exchange Fluctuation | -19 313 | 915 231 | -368 026 | -317 788 | |
| 4 | Interest, Dividend & Rent - Gross | 2391 045 | 10075 205 | 2224 932 | 9656 784 | |
| TOTAL (A) | 33649 756 | 111960 960 | 29806 784 | 101799 118 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 32303 522 | 86478 471 | 28479 954 | 81526 948 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 6650 376 | 20627 929 | 4064 778 | 16123 033 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 239 894 | 1029 407 | 279 542 | 947 232 |
| 4 | Expenses relating to Investments | 4 077 | 12 879 | 4 539 | 12 802 | |
| 5 | Premium Deficiency | 0 | 0 | 0 | 0 | |
| TOTAL (B) | 39197 869 | 108148 686 | 32828 813 | 98610 015 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -5548 113 | 3812 274 | -3022 029 | 3189 103 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders’ Account | -5548 113 | 3812 274 | -3022 029 | 3189 103 | ||
| Transfer to Catastrophe Reserve | 0 | 0 | ||||
| Transfer to Other Reserves (to be specified) | 0 | 0 | ||||
| TOTAL (C) | -5548 113 | 3812 274 | -3022 029 | 3189 103 | ||
| 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 ending 31.03.2016 | Up to the quarter ending 31.03.2016 | For the corresponding quarter of the preceeding year | Up to the Quarter of the prceeding year | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 1885 426 | 9435 249 | 1989 610 | 9334 589 |
| 2 | Profit on sale of Investments (Net) | 436 059 | 989 018 | 414 952 | 1042 955 | |
| 3 | Profit/-Loss on Exchange Fluctuation | -2 679 | 151 896 | -64 573 | -57 147 | |
| 4 | Interest, Dividend & Rent - Gross | 388 149 | 1635 550 | 322 131 | 1398 132 | |
| TOTAL (A) | 2706 955 | 12211 713 | 2662 120 | 11718 529 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 2875 640 | 6327 997 | 3989 213 | 9919 185 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 491 144 | 1812 301 | 505 004 | 1983 459 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 11 187 | 74 575 | 20 945 | 86 927 |
| 4 | Expenses relating to Investments | 662 | 2 091 | 657 | 1 853 | |
| 5 | Premium Deficiency | -584 596 | -584 596 | 584 596 | 584 596 | |
| TOTAL (B) | 2794 037 | 7632 368 | 5100 415 | 12576 020 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | -87 082 | 4579 345 | -2438 295 | -857 491 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders’ Account | -87 082 | 4579 345 | -2438 295 | -857 491 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | -87 082 | 4579 345 | -2438 295 | -857 491 | ||
| 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 ending 31.03.2016 | Up to the quarter ending 31.03.2016 | For the corresponding quarter of the preceeding year | Up to the Quarter of the prceeding year | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 865 682 | 2375 574 | 351 927 | 1304 308 |
| 2 | Profit on sale of Investments (Net) | 21 036 | 47 713 | 20 339 | 51 120 | |
| 3 | Profit/-Loss on Exchange Fluctuation | - 213 | 7 082 | -3 040 | -2 588 | |
| 4 | Interest, Dividend & Rent - Gross | 18 725 | 78 904 | 15 789 | 68 529 | |
| TOTAL (A) | 905 230 | 2509 273 | 385 015 | 1421 369 | ||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 649 517 | 1699 960 | 589 795 | 932 666 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 9 593 | 76 403 | 21 856 | 77 432 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 2 803 | 21 633 | 5 494 | 16 049 |
| 4 | Expenses relating to Investments | 32 | 101 | 32 | 91 | |
| TOTAL (B) | 661 945 | 1798 097 | 617 177 | 1026 238 | ||
| Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | 243 285 | 711 176 | -232 162 | 395 131 | ||
| APPROPRIATIONS | ||||||
| Transfer to Shareholders’ Account | 243 285 | 711 176 | -232 162 | 395 131 | ||
| Transfer to Catastrophe Reserve | ||||||
| Transfer to Other Reserves (to be specified) | ||||||
| TOTAL (C) | 243 285 | 711 176 | -232 162 | 395 131 | ||
| 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. | ||||||