| TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30 September 2017 | ||
| General Insurance Corporation of India | ||
| Registration Number: 112 | ||
| Date of Registration: 02-04-2001 | ||
| Classification: Total Business | ||
| (` in Lakhs) | ||
| Item | Description | Amount |
|---|---|---|
| (1) | (2) | (3) |
| A | Policy-holder's Funds | |
| Available Assets (as per IRDAI-GI-TA) | 58111 20.98 | |
| Deduct: | ||
| B | Current liabilities as per BS | 38669 50.98 |
| C | Provision as per BS | 12852 15.50 |
| D | Other Liabilities | 3880 86.93 |
| E | Excess in Policyholders’ Funds (A-B-C-D)* | (270867.58) |
| Shareholder's Funds | ||
| F | Available Assets | 16038 17.69 |
| Deduct: | ||
| G | Other Liabilities | 141172.97 |
| H | Excess in Shareholders’ Funds (F-G) | 1462644.72 |
| I | Total Available Solvency Margin [ASM] (E+H) | 1733512.30 |
| J | Total Required Solvency Margin [RSM] | 1010097.42 |
| K | Solvency Ratio (Total ASM/Total RSM) | 1.72 |
| * Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required. | ||
| # The above table includes the RSM for Life Re is RS 567 80.10 lakhs | ||