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 31.12.2014
FIRE INSURANCE BUSINESS
Sr. No.
PARTICULARS SCHEDULE For the quarter ending 31.12.2014 Up to the quarter ending 31.12.2014 For the corresponding quarter of the preceeding year Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 8240974 29540056 6736258 26136941
2 Profit on sale of Investments (Net)
750526 2791314 381099 1517683
3 Profit/-Loss on Exchange Fluctuation
75686 14374 -42744 801807
4 Interest, Dividend & Rent - Gross
1354956 4782552 1291451 4380072

TOTAL (A)
10422142 37128296 8366064 32836503
1 Claims Incurred (Net) NL-5-Claims Schedule 21858 22305972 2331062 25231272
2 Commission (Net) NL-6-Commission Schedule 2791129 6930670 2216201 6756900
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 131433 414505 164949 459732
4 Expenses relating to Investments
2092 5317 1489 3993

TOTAL  (B)
2946512 29656464 4713701 32451897








Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
7475630 7471832 3652363 384606

APPROPRIATIONS





Transfer to Shareholders’ Account
7475630 7471832 3652363 384606

Transfer to Catastrophe Reserve





Transfer to Other Reserves (to be specified)





TOTAL (C)
7475630 7471832 3652363 384606
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
Sr. No.
PARTICULARS SCHEDULE For the quarter ending 31.12.2014 Up to the quarter ending 31.12.2014 For the corresponding quarter of the preceeding year Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 21966401 60172679 21666744 61324745
2 Profit on sale of Investments (Net)
1166281 4337565 665237 2649226
3 Profit/-Loss on Exchange Fluctuation
133345 50238 -70869 1814654
4 Interest, Dividend & Rent - Gross
2105536 7431852 2254322 7645733

TOTAL (A)
25371563 71992334 24515434 73434358
1 Claims Incurred (Net) NL-5-Claims Schedule 26099335 53046994 26351898 58961178
2 Commission (Net) NL-6-Commission Schedule 4523380 12058255 4110415 11300532
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 251153 667690 334616 729864
4 Expenses relating to Investments
3251 8263 2600 6970
5 Premium Deficiency
0 0 0 0

TOTAL  (B)
30877119 65781202 30799529 70998544








Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
-5505556 6211132 -6284095 2435814

APPROPRIATIONS





Transfer to Shareholders’ Account
-5505556 6211132 -6284095 2435814

Transfer to Catastrophe Reserve





Transfer to Other Reserves (to be specified)





TOTAL (C)
-5505556 6211132 -6284095 2435814
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
Sr. No.
PARTICULARS SCHEDULE For the quarter ending 31.12.2014 Up to the quarter ending 31.12.2014 For the corresponding quarter of the preceeding year Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 2013639 7344979 2803780 8071028
2 Profit on sale of Investments (Net)
168857 628003 106737 425066
3 Profit/-Loss on Exchange Fluctuation
19461 7426 -11664 253349
4 Interest, Dividend & Rent - Gross
304844 1076001 361704 1226750

TOTAL (A)
2506801 9056409 3260557 9976193
1 Claims Incurred (Net) NL-5-Claims Schedule 2608485 5929972 1615151 4081615
2 Commission (Net) NL-6-Commission Schedule 485507 1478455 546904 1674856
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 16764 65982 29440 78928
4 Expenses relating to Investments
470 1196 417 1118

TOTAL  (B)
3111226 7475605 2191912 5836517








Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
-604425 1580804 1068645 4139676

APPROPRIATIONS





Transfer to Shareholders’ Account
-604425 1580804 1068645 4139676

Transfer to Catastrophe Reserve





Transfer to Other Reserves (to be specified)





TOTAL (C)
-604425 1580804 1068645 4139676
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
Sr. No.
PARTICULARS SCHEDULE For the quarter ending 31.12.2014 Up to the quarter ending 31.12.2014 For the corresponding quarter of the preceeding year Up to the Quarter of the prceeding year
1 Premiums earned (Net) NL-4-Premium Schedule 537965 952381 323810 569342
2 Profit on sale of Investments (Net)
8276 30781 3299 13141
3 Profit/-Loss on Exchange Fluctuation
1037 452 -360 8967
4 Interest, Dividend & Rent - Gross
14942 52740 11181 37923

TOTAL (A)
562220 1036354 337930 629373
1 Claims Incurred (Net) NL-5-Claims Schedule 133778 342871 195834 629932
2 Commission (Net) NL-6-Commission Schedule 2406 55576 44807 50549
3 Operating Expenses related to Insurance Business NL-7-Operating Expenses Schedule 2910 10555 5597 10628
4 Expenses relating to Investments
23 59 13 35

TOTAL  (B)
139117 409061 246251 691144








Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)
423103 627293 91679 -61771

APPROPRIATIONS





Transfer to Shareholders’ Account
423103 627293 91679 -61771

Transfer to Catastrophe Reserve





Transfer to Other Reserves (to be specified)





TOTAL (C)
423103 627293 91679 -61771
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.