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Revenue Account

Revenue Account

Revenue Account For The Period Ended 31 March 2018 In Respect Of Fire Insurance Business
  Particulars Schedule Current Year Previous Year
      (` '000) (` '000)
1. Premiums earned (Net) 1
7,32,34,449
5,61,69,737
2. Profit on sale of Investments (Net)  
         3756 146
38,81,559
3. Forex Gain/( Loss)  
          -114 566
-1,15,812
4. Interest, Dividend & Rent - Gross  
         6352 655
64,17,824
  Total (A)  
8,32,28,684
6,63,53,308
1. Claims Incurred (Net) 2
6,39,03,197
4,38,50,303
2. Commission (Net) 3
1,76,29,858
1,65,40,122
3. Operating Expenses related to Insurance Business 4
5,60,170
6,25,864
4. Expenses relating to Investments  
7,994
8,584
5. Premium Deficiency   - -
  Total (B)  
8,21,01,219
6,10,24,873
         
  Operating Profit /- Loss from Fire Business C = (A-B)  
11,27,465
53,28,435
  APPROPRIATIONS      
  Transfer to Shareholders' Account  
11,27,465
53,28,435
  Transfer to Catastrophe Reserve   - -
  Transfer to Other Reserves (to be specified)   - -
  Total (C)  
11,27,465
53,28,435
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
29,53,10,723
19,80,33,421
2. Profit on sale of Investments (Net)  
96,92,500
66,53,641
3. Forex Gain/( Loss)  
-3,87,157
-1,65,928
4. Interest, Dividend & Rent - Gross  
1,63,92,630
1,10,01,222
  Total (A)  
32,10,08,696
21,55,22,356
1. Claims Incurred (Net) 2
25,88,44,922
16,16,07,382
2. Commission (Net) 3
4,39,10,588
3,58,39,574
3. Operating Expenses related to Insurance Business 4
15,28,033
16,84,283
4. Expenses relating to Investments  
20,627
14,714
5. Premium Deficiency   - -
  Total (B)  
30,43,04,170
19,91,45,953
         
  Operating Profit/-Loss from Miscellaneous Business C = (A-B)  
1,67,04,526
1,63,76,403
  APPROPRIATIONS      
  Transfer to Shareholders' Account  
1,67,04,526
1,63,76,403
  Transfer to Catastrophe Reserve   - -
  Transfer to Other Reserves (to be specified)   - -
  Total (C)  
1,67,04,526
1,63,76,403
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
86,26,008
1,05,96,088
2. Profit on sale of Investments (Net)  
6,87,707
9,42,400
3. Forex Gain/( Loss)   (
-27,241
)
-25,854
4. Interest, Dividend & Rent - Gross  
-
11,63,097
15,58,177
  Total (A)  
1,04,49,571
1,30,70,811
1. Claims Incurred (Net) 2
26,63,724
75,59,059
2. Commission (Net) 3
21,32,485
16,03,210
3. Operating Expenses related to Insurance Business 4
56,222
63,385
4. Expenses relating to Investments  
1,464
2,084
5. Premium Deficiency   - -
  Total (B)  
48,53,895
92,27,738
         
  Operating Profit/-Loss from Marine Business C = (A-B)  
55,95,676
38,43,073
  APPROPRIATIONS      
  Transfer to Shareholders' Account  
55,95,676
38,43,073
  Transfer to Catastrophe Reserve   - -
  Transfer to Other Reserves (to be specified)   - -
  Total (C)  
55,95,676
38,43,073
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
37,89,365
23,49,737
2. Profit on sale of Investments (Net)  
1,09,361
36,617
3. Forex Gain/( Loss)  
-4,347
-718
4. Interest, Dividend & Rent - Gross  
1,84,958
60,542
  Total (A)  
40,79,337
24,46,178
1. Claims Incurred (Net) 2
41,23,656
34,47,332
2. Commission (Net) 3
28,593
61,100
3. Operating Expenses related to Insurance Business 4
19,963
23,738
4. Expenses relating to Investments  
233
81
5. Premium Deficiency   - -
  Total (B)  
41,72,445
35,32,251
         
  Operating Profit/-Loss from Life Business C = (A-B)  
-93,108
-10,86,073
  APPROPRIATIONS      
  Transfer to Shareholders' Account  
-93,108
-10,86,073
  Transfer to Catastrophe Reserve   - -
  Transfer to Other Reserves (to be specified)   - -
  Total (C)  
-93,108
-10,86,073
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 Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.
 
 
 
 
 
 

 

Ranked 11th Among the top
40 global reinsurance
groups by S&P Ranking