| 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 1ST QUARTER ENDED 30.06.2018 | |||||||||
| FIRE INSURANCE BUSINESS | ( ` IN 000) | ||||||||
| PARTICULARS | SCHEDULE | For the Three Months ending 30.06.2018 | Up to the Three Months ending 30.06.2018 | For the corresponding Three months of the preceeding year | Up to the corresponding three months of the prceeding year | ||||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 22071 713 | 22071 713 | 21657 176 | 21657 176 | |||
| 2 | Profit on sale of Investments (Net) | 502 685 | 502 685 | 682 380 | 682 380 | ||||
| 3 | Forex Gain/( Loss) | 475 841 | 475,841 | -77 379 | -77 379 | ||||
| 4 | Interest, Dividend & Rent - Gross | 1362 826 | 1362 826 | 1607 867 | 1607 867 | ||||
| TOTAL (A) | 24413 065 | 24413 065 | 23870 044 | 23870 044 | |||||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 19830 194 | 19830 194 | 16872 779 | 16872 779 | |||
| 2 | Commission (Net) | NL-6-Commission Schedule | 5017 900 | 5017 900 | 5803 253 | 5803 253 | |||
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 97 530 | 97 530 | 101 193 | 101 193 | |||
| 4 | Expenses relating to Investments | 1 298 | 1 298 | 1 203 | 1 203 | ||||
| TOTAL (B) | 24946 922 | 24946 922 | 22778 428 | 22778 428 | |||||
| Operating Profit/(Loss) from Fire Business C= (A - B) | -533 857 | -533 857 | 1091 616 | 1091 616 | |||||
| APPROPRIATIONS | |||||||||
| Transfer to Shareholders’ Account | -533 857 | -533 857 | 1091 616 | 1091 616 | |||||
| Transfer to Catastrophe Reserve | |||||||||
| Transfer to Other Reserves (to be specified) | |||||||||
| TOTAL (C) | -533 857 | -533 857 | 1091 616 | 1091 616 | |||||
| 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 Three Months ending 30.06.2018 | Up to the Three Months ending 30.06.2018 | For the corresponding Three months of the preceeding year | Up to the corresponding three months of the prceeding year | ||||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 118389 974 | 118389 974 | 101735 425 | 101735 425 | |||
| 2 | Profit on sale of Investments (Net) | 1603 783 | 1603 783 | 1579 805 | 1579 805 | ||||
| 3 | Forex Gain/( Loss) | 1504 256 | 1,504,256 | -136 828 | -136 828 | ||||
| 4 | Interest, Dividend & Rent - Gross | 4348 005 | 4348 005 | 3722 434 | 3722 434 | ||||
| TOTAL (A) | 125846 018 | 125846 018 | 106900 836 | 106900 836 | |||||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 104542 671 | 104542 671 | 89494 893 | 89494 893 | |||
| 2 | Commission (Net) | NL-6-Commission Schedule | 13720 991 | 13720 991 | 19045 196 | 19045 196 | |||
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 461 412 | 461 412 | 411 007 | 411 007 | |||
| 4 | Expenses relating to Investments | 4 141 | 4 141 | 2 784 | 2 784 | ||||
| 5 | Premium Deficiency | 0 | 0 | 0 | 0 | ||||
| TOTAL (B) | 118729 215 | 118729 215 | 108953 880 | 108953 880 | |||||
| Operating Profit/(Loss) from Miscellaneous Business C= (A - B) | 7,116,803 | 7,116,803 | -2053 044 | -2053 044 | |||||
| APPROPRIATIONS | |||||||||
| Transfer to Shareholders’ Account | 7,116,803 | 7,116,803 | -2053 044 | -2053 044 | |||||
| Transfer to Catastrophe Reserve | |||||||||
| Transfer to Other Reserves (to be specified) | |||||||||
| TOTAL (C) | 7,116,803 | 7,116,803 | -2053 044 | -2053 044 | |||||
| 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 Three Months ending 30.06.2018 | Up to the Three Months ending 30.06.2018 | For the corresponding Three months of the preceeding year | Up to the corresponding three months of the prceeding year | ||||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 4239 138 | 4239 138 | 3587 922 | 3587 922 | |||
| 2 | Profit on sale of Investments (Net) | 88 353 | 88 353 | 144 023 | 144 023 | ||||
| 3 | Forex Gain/( Loss) | 82 874 | 82,874 | -12 448 | -12 448 | ||||
| 4 | Interest, Dividend & Rent - Gross | 239 533 | 239 533 | 339 356 | 339 356 | ||||
| TOTAL (A) | 4649 898 | 4649 898 | 4058 853 | 4058 853 | |||||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 3204 213 | 3204 213 | 154 492 | 154 492 | |||
| 2 | Commission (Net) | NL-6-Commission Schedule | 629 170 | 629 170 | 1650 096 | 1650 096 | |||
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 13 223 | 13 223 | 12 551 | 12 551 | |||
| 4 | Expenses relating to Investments | 228 | 228 | 254 | 254 | ||||
| 5 | Premium Deficiency | 0 | 0 | 0 | 0 | ||||
| TOTAL (B) | 3846 834 | 3846 834 | 1817 393 | 1817 393 | |||||
| Operating Profit/(Loss) from Marine Business C= (A - B) | 803064 | 803064 | 2241460 | 2241460 | |||||
| APPROPRIATIONS | |||||||||
| Transfer to Shareholders’ Account | 803 064 | 803 064 | 2241 460 | 2241 460 | |||||
| Transfer to Catastrophe Reserve | |||||||||
| Transfer to Other Reserves (to be specified) | |||||||||
| TOTAL (C) | 803 064 | 803 064 | 2241 460 | 2241 460 | |||||
| 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 Three Months ending 30.06.2018 | Up to the Three Months ending 30.06.2018 | For the corresponding Three months of the preceeding year | Up to the corresponding three months of the prceeding year | ||||
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 1141 890 | 1141 890 | 795 962 | 795 962 | |||
| 2 | Profit on sale of Investments (Net) | 15 293 | 15 293 | 16 078 | 16 078 | ||||
| 3 | Forex Gain/( Loss) | 14 346 | 14,346 | -1 394 | -1 394 | ||||
| 4 | Interest, Dividend & Rent - Gross | 41 461 | 41 461 | 37 884 | 37 884 | ||||
| TOTAL (A) | 1212 990 | 1212 990 | 848 530 | 848 530 | |||||
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 1265 001 | 1265 001 | 554 819 | 554 819 | |||
| 2 | Commission (Net) | NL-6-Commission Schedule | 7 002 | 7 002 | 28 509 | 28 509 | |||
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 4 082 | 4 082 | 4 322 | 4 322 | |||
| 4 | Expenses relating to Investments | 40 | 40 | 28 | 28 | ||||
| 5 | Premium Deficiency | 90 385 | 90 385 | 0 | 0 | ||||
| TOTAL (B) | 1366 510 | 1366 510 | 587 678 | 587 678 | |||||
| Operating Profit/(Loss) from Life Business C= (A - B) | -153 520 | -153 520 | 260,852 | 260,852 | |||||
| APPROPRIATIONS | |||||||||
| Transfer to Shareholders’ Account | -153 520 | -153 520 | 260,852 | 260,852 | |||||
| Transfer to Catastrophe Reserve | |||||||||
| Transfer to Other Reserves (to be specified) | |||||||||
| TOTAL (C) | -153 520 | -153 520 | 260,852 | 260,852 | |||||
| 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. | |||||||||