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TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31 December 2019 |
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General Insurance Corporation of India |
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Registration Number: 112 |
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Date of Registration: 02-04-2001 |
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Classification: Total Business |
(` in Lacs) |
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Item |
Description |
Notes No. |
Amount |
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(1) |
(2) |
(3) |
(3) |
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A |
Policy-holder's Funds |
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Available Assets (as per IRDAI-GI-TA) |
83214 76.90 |
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Deduct: |
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B |
Current liabilities as per BS |
58418 79.09 |
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C |
Provision as per BS |
16061 24.99 |
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D |
Other Liabilities |
5652 20.19 |
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E |
Excess in Policyholders’ Funds (A-B-C-D)* |
308252.63 |
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Shareholder's Funds |
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F |
Available Assets |
17131 62.47 |
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Deduct: |
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G |
Other Liabilities |
757 66.22 |
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H |
Excess in Shareholders’ Funds (F-G) |
16373 96.25 |
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I |
Total Available Solvency Margin [ASM] (E+H) |
19456 48.88 |
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J |
Total Required Solvency Margin [RSM] |
12911 70.91 |
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K |
Solvency Ratio (Total ASM/Total RSM) |
1.51 |
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* Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required. |
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# The above table includes the RSM for Life Re Rs.868,24.70 lakhs |
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