FORM NL-2-B-PL
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR PERIOD ENDED 31.12.2018						( ` IN 000)
	PARTICULARS	SCHEDULE	For the Three Months ending 31.12.2018	Up to the Nine Months ending 31.12.2018	For the corresponding Three months of the preceeding year	Up to the corresponding Nine months of the prceeding year
1	OPERATING PROFIT/(LOSS)
	(a)  Fire Insurance		-3211 251	-8189 791	-1800 313	-7964 060
	(b)  Marine Insurance		296 239	1766 133	-412 047	4846 267
	(c )  Miscellaneous Insurance		12042 056	18,803,754	6633 722	25524 826
	(d) Life Insurance		-139 948	-103 023	-569 652	95,963
			0		0
2	INCOME FROM INVESTMENTS
	(a) Interest, Dividend & Rent – Gross		2372 153	7651 636	2405 237	7320 554
	(b) Profit on sale of investments		1711 453	4979 290	1510 059	3027 662
	Less: Loss on sale of investments		0		0
3	OTHER INCOME (To be specified)
	Foreign gain/(loss)		-670 464	978 256	-85 122	0
	Profit on sale of Assets (Net)		0	0	19	19
	Sundry Balances Written Back (Net)		0	0	0	0
	Interest on Income-tax Refund		0	0	0	0
	(Provision)/doubtful debts written back
	Motor Pool Service Charges		0	0	0	0
	Miscellaneous Receipts		1 467	34 224	31 309	33 725
	TOTAL (A)		12401 705	25920 479	7713 212	32884 956
4	Provision for Doubtful Loans & Investment		1960 398	2818 972	-962 752	581 237
5	Provision /(written off) for Doubtful Debts		-141 944	335 670	170 425	524 581
6	Amortisation of premium on Investments		75 642	231 621	70 647	182 201
7	Diminution in the value of investments written off		4 500	4 500	0	0
8	OTHER EXPENSES		0		0
	Expenses relating to Investments		3 189	9 666	2 983	7 089
	Foreox loss/(gain)		0	0	411 610	411 610
	(profit)/Loss on sale of Assets (Net)		- 73	157	- 21	0
	Interest & others		0	7 132	75 789	87 789
	Corporate Social Responsibility		98 950	115 369	8 980	24 968
	IPO expenses		0	0	55 745	94 995
	TOTAL (B)		2000 662	3523 087	-166 594	1914 470
	Profit Before Tax		10401 043	22397 392	7879 806	30970 486
	Provision for Taxation :				0
	Current Tax		4176 200	6171 200	1,145,518	6144 210
	Wealth Tax		0	0	0	0
	MAT Credit		1993 660	0	0	0
	Deferred Tax		874 484	16 833	6,667	7 163
	Fringe Benefit Tax		0	0	0	0
	Provision for Tax in respect of earlier years		0	0	0	0
	MAT Credit of earlier year			0	0	- 755
	Profit after Tax		3356 699	16209 359	6727 621	24819 868
	Balance brought forward from last year		30912 907	32336 730	18093 131	31277 556
	Profit available for appropriation		34269 606	48546 089	24820 752	56097 424
	APPROPRIATIONS				0
	(a)                 Interim dividends paid during the year		0	0	0	0
	(b)                 Proposed final dividend		0	11842 200	0	10020 000
	(c)                 Dividend distribution tax		0	2434 283	0	2039 872
	(d)                 Transfer to General Reserve		0	0	0	19216 800
	(e) Balance carried forward to Balance Sheet		34269 606	34269 606	24820 752	24820 752
			34269 606	48546 089	24820 752	56097 424
Notes:  to Form NL-1-B-RA and NL-2-B- PL
(a)                  Premium income received from business concluded in and outside India shall be separately disclosed.
(b)                 Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c)                 Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d)                 Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.
(e)                 Fees and expenses connected with claims shall be included in claims.
(f)                  Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other  items.
(g)                 Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h)                 Income from rent shall include only the realised rent. It shall not include any notional rent.