FORM NL-2-B-PL
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA
Registration No.112  and Date of  Registration with the IRDAI 02.04.2001
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED ON 31.03.2023
			(Amount in Rs. Lakhs)
	Particulars	Schedule Ref. Form No.	For the Half Year 31.03.2023	Up to the Half Year 31.03.2023	For the corresponding Half Year of the previous year 31.03.2022	up to the Half Year of the previous year 31.03.2022
1	OPERATING PROFIT/(LOSS)	NL-1
	(a)  Fire Insurance		77,203.41	111,932.88	127,853.83	141,669.11
	(b)  Marine Insurance		1,513.11	38,162.96	-3,665.01	7,091.32
	(c) Miscellaneous Insurance		181,179.25	311,198.64	267,795.10	295,182.84
	(d) Life Insurance		-13,760.26	5,350.57	-11,445.02	-134,278.47
2	INCOME FROM INVESTMENTS
	(a) Interest, Dividend & Rent – Gross		107,990.14	178,217.95	61,878.91	115,582.28
	(b) Profit on sale of investments		79,813.56	129,144.16	61,655.25	104,370.90
	(c) (Loss on sale/ redemption of investments)			0
	(d) Amortization of Premium / Discount on Investments
3	OTHER INCOME
	Forex Gain/( Loss)		2,692.89	24,492.72	7,435.34	12,054.36
	Miscellaneous Receipts		246.57	289.18	42.96	73.77
	Interest on Income-tax Refund		2,195.37	2,195.37	0	0
	(Provision) / Doubtful Loans & Investment		15,861.17	15,861.17	0	0
	Profit on sale of Assets (Net)		-1.37	10.90	0	0
	TOTAL (A)		454,933.83	816,856.49	511,551.35	541,746.10
4	PROVISIONS (Other than taxation)
	(a) For diminution in the value of investments		2,793.91	2,793.91	13,345.60	13,347.48
	(b) For doubtful debts		19,102.03	32,947.81	141,422.83	164,644.98
	(c) Others (to be specified)
	Amortisation of premium on Investments		2,637.67	5,280.87	2,454.78	4,652.17
5	OTHER EXPENSES
	(a) Expenses other than those related to Insurance Business			0		0
	(b) Bad debts written off			0		0.60
	(c) Interest on subordinated debt		48.00	57.99	140.12	153.01
	(d) Expenses towards CSR activities		416.18	832.18	2,873.59	2,912.99
	(e) Penalties
	(f) Contribution to Policyholders' A/c
	(i) Towards Excess Expenses of Management     (ii) Others (please specify)
	Forex Loss/(Gain)		0	0	0	0
	(g)     Others (i) (Profit)/Loss on sale of Assets (Net) (ii)______		0	0	3.28	20.69
	TOTAL (B)		24,997.79	41,912.76	160,240.20	185,731.92
6	Profit/(Loss) Before Tax		429,936.05	774,943.74	351,311.16	356,014.18
7	Provision for Taxation		53,651.03	143,694.00	174,619.21	155,440.31
8	Profit / (Loss) after tax		376,285.02	631,249.74	176,691.95	200,573.88
9	APPROPRIATIONS
	(a) Interim dividends paid during the year		0	39,474.00	0	0
	(b)  Final dividend paid		0	0	0	0
	(c) Transfer to any Reserves or Other Accounts (to be specified)		0	0	0	0
	Balance of profit/ loss brought forward from last year		-0.00	616,976.77	-0.00	416,402.89
	Balance carried forward to Balance Sheet		376,285.04	1,208,752.51	176,691.92	616,976.77
	Notes:  to Form NL-1-B-RA and NL-2-B- PL
	(a)   Items of 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.
	(b)   Under the sub-head "Others” items like foreign exchange gains or losses and other  items shall be included
	(c)  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". The expenses pertaining to investment income e.g. Amortisation, Write off, other Investments expenses etc. are to be deducted from this other than separately disclosed here.
	(d) Income from rent shall include only the realized rent. It shall not include any notional rent.
	(e) Contribution from the Shareholders' Account to policyholders' account /Contribution to the Policyholders' Fund is as per the terms of Section 40C of the Insurance Act, 1938 read with IRDAI (Expenses of Management of Insurers transacting General or Health Insurance Business) Regulations as specified and modified from time to time