10-rankRanked 13th Among the Top
50 Global reinsurance
groups by A.M. Best

Page last updated on: 19/07/2021
Visitors : 9866551
Menu

Revenue Account

Revenue Account

Revenue Account For The Period Ended 31 March 2021 In Respect Of Fire Insurance Business
  Particulars Schedule Current Year Previous Year
      (` '000) (` '000)
1. Premiums earned (Net) 1
111591 018
90568 870
2. Profit on sale of Investments (Net)  
9537 739
6023 232
3. Forex Gain/( Loss)  
(519 660)
1108 278
4. Interest, Dividend & Rent - Gross  
10653 550
8279 938
  Total (A)  
131262 647
105980 318
1. Claims Incurred (Net) 2
95347 241
81111 615
2. Commission (Net) 3
30257 334
29350 085
3. Operating Expenses related to Insurance Business 4
869 780
912 800
4. Expenses relating to Investments  
0
0
5. Premium Deficiency   0 0
  Total (B)  
126474 355
111374 500
         
  Operating Profit /- Loss from Fire Business C = (A-B)  
4788 292
(5394 182)
  APPROPRIATIONS      
  Transfer to Shareholders' Account  
4788 292
(5394 182)
  Transfer to Catastrophe Reserve   0 0
  Transfer to Other Reserves (to be specified)   0 0
  Total (C)  
4788 292
(5394 182)
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.
In Respect of Miscellaneous Insurance Business
  Particulars Schedule Current Year Previous Year
         
      (` '000) (` '000)
1. Premiums earned (Net) 1
51255849 576
326924 651
2. Profit on sale of Investments (Net)  
20285 977
16034 749
3. Forex Gain/( Loss)  
(1340 910)
2887 121
4. Interest, Dividend & Rent - Gross  
22659 216
22042 441
  Total (A)  
297453 859
367888 962
1. Claims Incurred (Net) 2
238429 082
329872 698
2. Commission (Net) 3
45047 348
42372 916
3. Operating Expenses related to Insurance Business 4
1727 935
2625 883
4. Expenses relating to Investments  
0
0
5. Premium Deficiency   0 0
  Total (B)  
285204 365
374871 497
         
  Operating Profit/-Loss from Miscellaneous Business C = (A-B)  
12249 494
(6982 535)
  APPROPRIATIONS      
  Transfer to Shareholders' Account  
12249 494
(6982 535)
  Transfer to Catastrophe Reserve   0 0
  Transfer to Other Reserves (to be specified)   0 0
  Total (C)  
12249 494
(6982 535)
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.
In Respect of Marine Insurance Business
  Particulars Schedule Current Year Previous Year
         
      (` '000) (` '000)
1. Premiums earned (Net) 1
19573 600
16043 131
2. Profit on sale of Investments (Net)  
1890 051
1087 250
3. Forex Gain/( Loss)  
(126 725)
197 315
4. Interest, Dividend & Rent - Gross  

2111 166
1494 607
  Total (A)  
23448 092
18822 303
1. Claims Incurred (Net) 2
21395 305
11431 957
2. Commission (Net) 3
4362 488
3262 323
3. Operating Expenses related to Insurance Business 4
121 443
123 975
4. Expenses relating to Investments  
0
0
5. Premium Deficiency   0 0
  Total (B)  
25879 236
14818 255
         
  Operating Profit/-Loss from Marine Business C = (A-B)  
(2431 144)
4004 048
  APPROPRIATIONS      
  Transfer to Shareholders' Account  
(2431 144)
4004 048
  Transfer to Catastrophe Reserve   0 0
  Transfer to Other Reserves (to be specified)   0 0
  Total (C)  
(2431 144)
4004 048
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.
In Respect of Life Insurance Business
  Particulars Schedule Current Year Previous Year
         
      (` '000) (` '000)
1. Premiums earned (Net) 1
11644 737
7917 615
2. Profit on sale of Investments (Net)  
521 637
262 707
3. Forex Gain/( Loss)  
(34 459)
47 608
4. Interest, Dividend & Rent - Gross  
582 663
361 135
  Total (A)  
12714 578
8589 065
1. Claims Incurred (Net) 2
13365 829
7942 310
2. Commission (Net) 3
176 691
98 173
3. Operating Expenses related to Insurance Business 4
68 225
67 465
4. Expenses relating to Investments  
0
0
5. Premium Deficiency   352 962 194 15
  Total (B)  
13963 707
48302 102
         
  Operating Profit/-Loss from Life Business C = (A-B)  
(1249 129)
286 963
  APPROPRIATIONS      
  Transfer to Shareholders' Account  
(1249 129)
286 963
  Transfer to Catastrophe Reserve   - -
  Transfer to Other Reserves (to be specified)   - -
  Total (C)  
(1249 129)
286 963
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.
 
 
 
 

 

Ranked 13th Among the Top
50 Global reinsurance
groups by A.M. Best