| FORM NL-1-B-RA | ||||||
|---|---|---|---|---|---|---|
| Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA | ||||||
| Registration No...112 | ||||||
| Date of..Registration with the IRDA : 2nd April, 2001 | ||||||
| REVENUE ACCOUNT FOR THE PERIOD ENDED 30.09.2012 | ||||||
| FIRE INSURANCE BUSINESS | - | - | - | - | ( ` IN 000) | |
| PARTICULARS | SCHEDULE | FOR THE QUARTER | SIX MONTH ENDING 30.09.2012 | FOR THE QUARTER OF THE PRECEDING YEAR | SIX MONTH ENDING 30.09.2011 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 8493 644 | 17367 146 | 7382 386 | 15557 708 |
| 2 | Profit on sale of Investments (Net) | . | 502 715 | 605 194 | 132 704 | 310 344 |
| 3 | Profit/-Loss on Exchange Fluctuation | . | 51 593 | -34 054 | -23 157 | -21 004 |
| 4 | Interest, Dividend & Rent - Gross | . | 1581 472 | 2680 407 | 1184 931 | 1913 498 |
| . | TOTAL (A) | . | 10629424 | 20618693 | 8676864 | 17760546 |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 8206 595 | 16221 362 | 10278 870 | 17863 670 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 2098 029 | 3666 240 | 1318 782 | 2941 590 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 87 135 | 174 585 | 68 014 | 139 497 |
| 4 | Expenses relating to Investments | . | 3 112 | 5 110 | 1 581 | 3 645 |
| . | TOTAL..(B) | . | 10394871 | 20067297 | 11667247 | 20948402 |
| . | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | . | 234553 | 551396 | -2990383 | -3187856 |
| . | APPROPRIATIONS | . | . | . | . | . |
| . | Transfer to Shareholders’ Account | . | 234553 | 551396 | -2990383 | -3187856 |
| . | Transfer to Catastrophe Reserve | . | . | . | . | . |
| . | Transfer to Other Reserves (to be specified) | . | . | . | . | . |
| . | TOTAL (C) | . | 234553 | 551396 | -2990383 | -3187856 |
| 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 Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses. | ||||||
| MISCELLANEOUS INSURANCE BUSINESS | - | - | - | - | - | |
| PARTICULARS | SCHEDULE | FOR THE QUARTER | SIX MONTH ENDING 30.09.2012 | FOR THE QUARTER OF THE PRECEDING YEAR | SIX MONTH ENDING 30.09.2011 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 21190 018 | 40614 821 | 19515 126 | 34518 975 |
| 2 | Profit on sale of Investments (Net) | . | 764 840 | 920 752 | 265 631 | 621 440 |
| 3 | Profit/-Loss on Exchange Fluctuation | . | 164 364 | 281 386 | 10 683 | 9 962 |
| 4 | Interest, Dividend & Rent - Gross | . | 2406 078 | 4078 015 | 2372 328 | 3831 631 |
| TOTAL (A) | . | 24525300 | 45894974 | 22163768 | 38982008 | |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 14516 054 | 33393 282 | 16089 134 | 27916 283 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 3651 882 | 7343 266 | 347 701 | 2748 623 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 140 907 | 321 867 | 137 743 | 249 664 |
| 4 | Expenses relating to Investments | . | 4 734 | 7 775 | 3 165 | 7 299 |
| 5 | Premium Deficiency | . | 0 | -1414 674 | 0 | 0 |
| TOTAL..(B) | . | 18313 577 | 39651 516 | 16577 743 | 30921 869 | |
| . | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | . | 6211723 | 6243458 | 5586025 | 8060139 |
| . | APPROPRIATIONS | . | . | . | . | . |
| . | Transfer to Shareholders’ Account | . | 6211723 | 6243458 | 5586025 | 8060139 |
| . | Transfer to Catastrophe Reserve | . | . | . | . | . |
| . | Transfer to Other Reserves (to be specified) | . | . | . | . | . |
| . | TOTAL (C) | . | 6211723 | 6243458 | 5586025 | 8060139 |
| 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. | ||||||
| MARINE INSURANCE BUSINESS | - | - | - | - | - | |
| . | PARTICULARS | SCHEDULE | FOR THE QUARTER | SIX MONTH ENDING 30.09.2012 | FOR THE QUARTER OF THE PRECEDING YEAR | SIX MONTH ENDING 30.09.2011 |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 2778 590 | 5787 222 | 2110 532 | 4318 957 |
| 2 | Profit on sale of Investments (Net) | . | 158 528 | 190 844 | 48 748 | 114 003 |
| 3 | Profit/-Loss on Exchange Fluctuation | . | -7 439 | 62 491 | -3 517 | - 477 |
| 4 | Interest, Dividend & Rent - Gross | . | 498 707 | 845 248 | 435 277 | 702 911 |
| . | TOTAL (A) | . | 3428 386 | 6885 805 | 2591 040 | 5135 394 |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 349 551 | 3234 763 | 1926 222 | 3526 113 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 570 745 | 1168 305 | 538 244 | 1151 328 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 16 390 | 34 836 | 15 926 | 31 347 |
| 4 | Expenses relating to Investments | . | 982 | 1 612 | 581 | 1 339 |
| . | TOTAL..(B) | . | 937 668 | 4439 516 | 2480 973 | 4710 127 |
| . | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | . | 2490718 | 2446289 | 110067 | 425267 |
| . | APPROPRIATIONS | . | . | . | . | . |
| . | Transfer to Shareholders’ Account | . | 2490718 | 2446289 | 110167 | 425267 |
| . | Transfer to Catastrophe Reserve | . | . | . | . | |
| . | Transfer to Other Reserves (to be specified) | . | . | . | . | . |
| . | TOTAL (C) | . | 2490718 | 2446289 | 110167 | 425267 |
| 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. | ||||||
| LIFE INSURANCE BUSINESS | ||||||
| PARTICULARS | SCHEDULE | FOR THE QUARTER | SIX MONTH ENDING 30.09.2012 | FOR THE QUARTER OF THE PRECEDING YEAR | SIX MONTH ENDING 30.09.2011 | |
| 1 | Premiums earned (Net) | NL-4-Premium Schedule | 82 081 | 168 487 | 61 400 | 87 771 |
| 2 | Profit on sale of Investments (Net) | . | 2 087 | 2 512 | 890 | 2 080 |
| 3 | Profit/-Loss on Exchange Fluctuation | . | - 638 | 325 | - 356 | - 459 |
| 4 | Interest, Dividend & Rent - Gross | . | 6 564 | 11 126 | 7 941 | 12 824 |
| . | TOTAL (A) | . | 90 094 | 182 450 | 69 875 | 102 216 |
| 1 | Claims Incurred (Net) | NL-5-Claims Schedule | 103 201 | 260 958 | 46 273 | -11 359 |
| 2 | Commission (Net) | NL-6-Commission Schedule | 6 513 | 8 787 | 4 026 | 7 776 |
| 3 | Operating Expenses related to Insurance Business | NL-7-Operating Expenses Schedule | 990 | 2 360 | 249 | 426 |
| 4 | Expenses relating to Investments | . | 13 | 21 | 10 | 24 |
| . | TOTAL..(B) | . | 110 717 | 272 126 | 50 558 | -3 133 |
| . | Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) | . | -20623 | -89676 | 19317 | 105349 |
| . | APPROPRIATIONS | . | . | . | . | . |
| . | Transfer to Shareholders’ Account | . | -20623 | -89676 | 19317 | 105349 |
| . | Transfer to Catastrophe Reserve | . | . | . | . | . |
| . | Transfer to Other Reserves (to be specified) | . | . | . | . | . |
| . | TOTAL (C) | . | -20623 | -89676 | 19317 | 105349 |
| 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. | ||||||