TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 31 December 2018

General Insurance Corporation of India

Registration Number: 112

Date of Registration: 02-04-2001

Classification: Total Business
(` in Lacs)
Item Description Amount
(1) (2) (3)
A Policy-holder's Funds

Available Assets (as per IRDAI-GI-TA) 69473 43.44

Deduct:
B Current liabilities as per BS 48678 49.43
C Provision as per BS 12726 72.06
D Other Liabilities 3907 11.56
E Excess in Policyholders’ Funds (A-B-C-D)* 416110.39

Shareholder's Funds
F Available Assets 18763 81.49

Deduct:
G Other Liabilities 1368 25.61
H Excess in Shareholders’ Funds (F-G) 17395 55.88
I Total Available Solvency Margin [ASM] (E+H) 21556 66.27
J Total Required Solvency Margin [RSM] 11703 14.13
K Solvency Ratio (Total ASM/Total RSM) 1.84
# The above table includes the RSM for Life Re is RS 76,479.77 lakhs