FORM NL-20-ANALYTICAL RATIOS SCHEUDLE

     

Name of the Insurer: General Insurance Corporation of India

     

Sl.No.

Particular

Calculation

For the Six Months Ended

31.03.2022

Up to the Year Ended

31.03.2022

For the Six Months Ended

31.03.2021

Up to the Year Ended

31.03.2021

     

1

Gross Direct Premium Growth Rate**

[GDPI(CY)-GDPI(PY)]  / GDPI(PY)

0.3%

 -8.10

 -4.39

 -7.87

     

2

Gross Direct Premium to Net worth Ratio

GDPI / Shareholder's funds

Shareholder's funds/Net Worth =Share capital+reserve and surplus-Miscellaneous expenditure-debit balance in profit and loss account )

Shareholders' funds /Net Worth comprise of Share Capital plus all Reserves and Surplus (except revaluation Reserve and fair value change account) net of accumulated losses and Miscellaneous expenditure to the extent not written off as at the Balance Sheet date

84.06

176.80

91.22

209.40

     

3

Growth rate of Net Worth

(Shareholder's funds(CY)-Shareholder's funds(PY))  / Shareholder's funds(PY)

7.70

8.85

11.57

9.4

     

4

Net Retention Ratio**

Net written premium / (Gross Direct Premium Income + Reinsurance Accepted)

90%

90%

91%

90%

     

5

Net Commission Ratio**

Net Commission / Net written premium

16%

 17.91

22%

 18.92

     

6

Expense of Management to Gross Direct Premium Ratio**

(Direct Commission+Operating Expenses) / Gross direct premium

1.1%

0.86

0.8%

0.6

     

7

Expense of Management to Net Written Premium Ratio**

(Net Commission+Operating Expenses) / Net Written Premium

17%

19%

23%

20%

     

8

Net Incurred Claims to Net Earned Premium**

Net Incurred Claims / Net Earned Premium

87%

93%

86%

92%

     

9

Claims paid to claims provisions**

Claim Paid (pertaining to provisions made previously) / claims provision made previously

-1138%

48%

-534%

60%

     

10

Combined Ratio**

(7) +(8)

104%

112%

109%

112%

     

11

Investment income ratio

Investment income / Average Assets under management

 

Investment income = Profit/ Loss on sale/redemption of  Investments+Interest, Dividend & Rent – Gross (net of investment expenses) including investment income from pool

 

9.22

9.22

9.96

9.96

     

12

Technical Reserves to net premium ratio **

[(Reserve for unexpired risks+premium deficiency+reserve for outstanding claims(including IBNR and IBNER) ]   /  Net premium written

-3.09

210.86

-6.82

181.9

     

13

Underwriting balance ratio

Underwriting results / Net earned premium

 

Underwriting results= Net earned premium-Net incurred claims-Net commission-Operating Expenses (Before adjusting transfer to Profit and loss account as per Section 40C)- Premium Deficiency

 -0.31

 -11.00

 -8.32

 -13.01

     

14

Operating Profit Ratio

Operating profit / Net Earned premium

21.71

7.98

12.91

3.2

     

15

Liquid Assets to liabilities ratio

Liquid Assets / Policyholders liabilities

Liquid Assets = Short term investments+Short term loans+Cash & Bank balances

 

Policyholders liabilities=Outstanding Claims including Incurred But Not Reported (IBNR) &

Incurred But Not Enough Reported (lBNER)+

Unearned Premium Reserve+ Premium Deficiency Reserve, if any+ Catastrophe Reserve, if any; and+ Other Liabilities net off Other Assets

Other Liabilities in point (e) above, comprise of (i) Premium received in advance (ii) Unallocated premium (iii) Balance due to OTHER Insurance

Companies (iv) Due to other Members of a Pool such as Third Party Pool; Terrorism Pool; etc. (vi) Sundry creditors (due to Policyholders).

Other Assets in point (e) above, comprise of (i) Outstanding premium (ii) due from other entities carrying on Insurance business including Reinsurers (iii) Balance with Pool such as Thirty Party Pool; Terrorism pool; etc.

 -224.43

 32.05

 -124.45

 30.94

     

16

Net earning ratio

Profit after tax / Net Premium written

9.60

 5.17

 12.00

 4.55

     

17

Return on net worth ratio (Annualised)

Profit after tax / Net Worth

 7.79

 8.21

 11.17

 8.55

     

18

Available Solvency margin Ratio to Required Solvency Margin Ratio

to be taken from solvency margin reporting

 1.96

 1.96

 1.74

 1.74

     

19

NPA Ratio

to be taken from NPA reporting

         
 

Gross NPA Ratio

 

2.86

2.86

3.58

3.58

     
 

Net NPA Ratio

 

0.00

0.00

0.00

0.00

     

20

Debt Equity Ratio

(Debt/Equity)                                                     Debt=(Borrowings+Redeemable Preference shares, if any)  Equity=Shareholders' Funds excluding Redeemable Preference shares, if any

NA

NA

NA

NA

     

21

Debt Service Coverage Ratio

(Earnings before Interest and Tax/ Interest and Principal Instalments Due)

NA

NA

NA

NA

     

22

Interest Service Coverage Ratio

(Earnings before Interest and Tax/ Interest due)

NA

NA

NA

NA

     

23

Earnings per share

Profit /(loss) after tax / No. of shares

 10.07

 11.43

 12.81

 10.95

     

24

Book value per share

Net worth / No. of shares

 139.31

 139.31

127.98

127.98

     
 

Notes: -

          
 

1. Net worth definition to include Head office capital for Reinsurance branch

     
            
 

** Segmental Reporting up to the Year ended 31.03.2022

 

Segments

Upto the Year ended on 31.03.2022

Gross Direct Premium Growth Rate**

Net Retention Ratio**

Net Commission Ratio**

Expense of Management to Gross Direct Premium Ratio**

Expense of Management to Net Written Premium Ratio**

Net Incurred Claims to Net Earned Premium**

Claims paid to claims provisions**

Combined Ratio**

Technical Reserves to net premium ratio **

Underwriting balance ratio

 

FIRE

          
 

Current Period

 -8.31

87%

 17.22

0.9%

1.0%

 91.46

31%

 109.70

236.1%

 -8.67

 

Previous Period

 17.43

85%

 25.30

0.6%

0.7%

 85.44

37%

 111.48

189.9%

 -12.88

 

Marine Cargo

          
 

Current Period

 -14.65

92%

 25.98

0.7%

0.7%

 93.69

80%

 120.39

160.7%

 -19.05

 

Previous Period

 28.96

92%

 20.04

0.5%

0.5%

 88.97

56%

 109.53

133.1%

 -11.18

 

Marine Hull

          
 

Current Period

 -38.78

86%

 18.88

0.7%

0.8%

 101.42

34%

 121.12

463.8%

 -19.82

 

Previous Period

 9.60

90%

 17.51

0.5%

0.6%

 140.23

42%

 158.29

282.9%

 -51.37

 

Total Marine

          
 

Current Period

 -24.88

90%

24%

1%

1%

97%

51%

 121.44

260.8%

 -19.30

 

Previous Period

 33.46

91%

19%

0%

1%

109%

47%

 128.82

195.8%

 -27.99

 

Motor OD

          
 

Current Period

 10.12

100%

 28.99

0.9%

0.9%

 77.80

31%

 107.65

229.3%

 -7.89

 

Previous Period

 -6.28

98%

 19.82

0.6%

0.6%

 78.89

31%

 99.31

230.9%

 -1.70

 

Motor TP

          
 

Current Period

          
 

Previous Period

          
 

Total Motor

          
 

Current Period

 10.12

100%

 28.99

0.9%

0.9%

 77.80

31%

 107.65

229.3%

 -7.89

 

Previous Period

 (6.28)

98%

 19.82

0.6%

0.6%

 78.89

31%

 99.31

230.9%

 -1.70

 

Health

          
 

Current Period

 -19.41

98%

 18.02

0.8%

0.9%

 97.23

119%

 116.11

142.4%

 -15.13

 

Previous Period

 0.31

97%

 20.36

0.6%

0.6%

 108.41

96%

 129.37

125.9%

 -28.07

 

Personal Accident

          
 

Current Period

 -41.36

97%

 23.62

0.8%

0.9%

 79.79

46%

 104.27

252.7%

 3.68

 

Previous Period

 -4.15

100%

 24.09

0.5%

0.5%

 70.61

55%

 95.24

155.0%

 3.23

 

Travel Insurance

          
 

Current Period

          
 

Previous Period

          
 

Total Health

          
 

Current Period

 (22.05)

97%

 18.53

0.8%

0.9%

 95.37

106%

 114.75

152.3%

 -13.44

 

Previous Period

 8.90

98%

 20.82

0.6%

0.6%

 102.96

89%

 124.38

129.4%

 -24.21

 

Workmen’s Compensation/ Employer’s liability

          
 

Current Period

 -30.55

100%

 16.77

0.8%

0.8%

 58.03

10%

 75.63

372.4%

 35.43

 

Previous Period

 145.38

100%

 22.40

0.6%

0.6%

 105.86

20%

 128.83

247.9%

 -27.79

 

Liability

          
 

Current Period

 -0.81

89%

 16.88

0.8%

0.9%

 61.66

18%

 79.48

232.2%

 22.68

 

Previous Period

 7.66

88%

 20.13

0.6%

0.7%

 64.78

18%

 85.56

206.3%

 13.63

 

Engineering

          
 

Current Period

 2.19

87%

 16.83

0.9%

1.1%

 87.39

22%

 105.29

290.5%

 -4.49

 

Previous Period

 12.58

83%

 26.94

0.7%

0.9%

 77.29

22%

 105.12

273.3%

 -6.71

 

Aviation

          
 

Current Period

 -23.92

45%

 23.98

1.2%

2.6%

 111.61

27%

 138.20

439.7%

 -40.39

 

Previous Period

 -17.19

58%

 16.66

0.9%

1.5%

 79.26

50%

 97.38

251.8%

 8.36

 

Crop Insurance

          
 

Current Period

 -13.99

82%

 5.58

0.8%

1.0%

 97.08

94%

 103.68

145.5%

 -2.88

 

Previous Period

 -40.54

89%

 7.82

0.5%

0.6%

 103.13

155%

 111.56

134.1%

 -12.12

 

FL/Credit

          
 

Current Period

 -12.25

100%

 8.97

1.1%

1.1%

 76.41

14%

 86.44

420.1%

 17.23

 

Previous Period

 10.42

100%

 27.81

0.6%

0.6%

 63.26

19%

 91.71

348.6%

 5.59

 

Life

          
 

Current Period

 15.67

96%

 0.98

0.8%

0.9%

 212.15

245%

 214.00

107.5%

 -106.08

 

Previous Period

 31.25

96%

 1.46

0.5%

0.6%

 114.78

108%

 116.81

102.9%

 -19.50

 

Total Miscellaneous

          
 

Current Period

          
 

Previous Period

          
 

Total-Current Period

 -8.10

90%

 17.91

0.9%

1.0%

 93.21

48%

 112.08

210.9%

 -11.00

 

Total-Previous Period

 -7.87

90%

 18.92

0.6%

0.7%

 92.44

60%

 112.03

181.9%

 -13.01