FORM NL-2-B-PL
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
Registration No.  112
Date of  Registration with the IRDAI : 2nd April, 2001
PROFIT AND LOSS ACCOUNT FOR  PERIOD ENDED 31.03.2019 ( ` IN 000)
  PARTICULARS SCHEDULE For the  Three Months  ending 31.03.2019 Up to  the   Twelve  Months  ending 31.03.2019 For the corresponding Three months  of the preceeding year  Up to the corresponding Twelve months  of the prceeding year
1 OPERATING PROFIT/(LOSS)          
  (a)  Fire Insurance -3518 363 -11708 155 9091 524 1127 465
  (b)  Marine Insurance 1743 501 3509 634 749 408 5595 676
  (c )  Miscellaneous Insurance 14402 183         33,205,937 -8820 300 16704 526
  (d)  Life Insurance -692 299 -795 322 -189 071               (93 108)
           
2 INCOME FROM INVESTMENTS      
  (a)  Interest, Dividend & Rent – Gross 2911 277 10562 913 2485 589 9806 143
  (b)  Profit on sale of investments 2144 493 7123 783 2777 739 5805 401
        Less: Loss on sale of investments  0    0  
         
3 OTHER INCOME (To be specified)      
  Foreign gain/(loss) -132 559 845 697  0  0
  Profit on sale of Assets (Net)  0  0 - 19  0
  Sundry Balances Written Back (Net)  0  0  0  0
  Interest on Income-tax Refund  0  0 73 008 73 008
  (Provision)/doubtful debts written back  0    0  
  Motor Pool Service Charges  0  0  0  0
  Miscellaneous Receipts 34 365 68 589 1 726 35 451
  TOTAL (A)   16892 598 42813 076 6169 604 39054 562
4 Provision for Doubtful Loans & Investment    1978 032 4797 004 -179 235 402 002
5 Provision /(written off) for Doubtful  Debts   682 265 1017 935 350 412 874 993
6 Amortisation of premium on Investments   73 050 304 671 78 634 260 835
7 Diminution in the value of investments written off   1613 982 1618 482 203 200 203 200
8 OTHER EXPENSES    0    0  
  Expenses relating to Investments   -9 666  0 -7 089  0
  Foreox loss/(gain)    0  0 -181 349 230 262
  (profit)/Loss on sale of Assets (Net)    42  199  27  27
  Interest & others   76 520 83 652 5 872 93 662
  Corporate Social Responsibility   537 530 652 899 152 811 177 779
  IPO expenses    0  0 34 251 129 246
  TOTAL (B)   4951 755 8474 842 457 534 2372 006
  Profit Before Tax                                    11940 843 34338 234 5712 070 36682 556
  Provision for Taxation :        
  Current Tax   5854 700 12025 900 707 790 6852 000
  Wealth Tax    0    0
  MAT Credit     0  0           (2494 776) -2494 776
  Deferred Tax   101 638 118 471               (16 921) -9 758
  Fringe Benefit Tax    0    0
Provision for Tax in respect of earlier years    0    0
MAT Credit of earlier year   -49 196 -49 196                        0 - 755
  Profit after Tax   6033 701 22243 059 7515 977 32335 845
  Balance brought forward from last year    0 32336 730                        0 31277 556
  Profit available for appropriation   6033 701 54579 789 7515 977 63613 401
  APPROPRIATIONS          
  (a)                 Interim dividends paid during the year    0  0                        0  0
  (b)                 Proposed final dividend    0 11842 200                        0 10020 000
  (c)                 Dividend distribution tax    0 2434 283                        0 2039 872
  (d)                 Transfer to General Reserve    0  0                        0 19216 800
  (e)          Balance carried forward to Balance Sheet   6033 697 40303 306           7,515,977 32336 729
      6033 697 54579 789 7515 977 63613 401
Notes:     to Form NL-1-B-RA and NL-2-B- PL
(a)                  Premium income received from business concluded in and outside India shall be separately disclosed.
(b)                 Reinsurance premiums whether on business ceded or accepted are to be brought into account gross (i.e. before deducting commissions) under the head reinsurance premiums.
(c)                 Claims incurred shall comprise claims paid, specific claims settlement costs wherever applicable and change in the outstanding provision for claims at the year-end,.
(d)                 Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.
(e)                 Fees and expenses connected with claims shall be included in claims.
(f)                  Under the sub-head "Others” shall be included items like foreign exchange gains or losses and other  items.
(g)                  Interest, dividends and rentals receivable in connection with an investment should be stated as gross amount, the amount of income tax deducted at source being included under 'advance taxes paid and taxes deducted at source”..
(h)                 Income from rent shall include only the realised rent. It shall not include any notional rent.