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 THE PERIOD ENDED 30.09.2019 ( ` IN 000)
  PARTICULARS SCHEDULE For the Three Months  ending 30.09.2019 Up to  the  Six  Months  ending 30.09.2019 For the corresponding Three months  of the preceeding year  Up to the corresponding  Six months  of the prceeding year
1 OPERATING PROFIT/(LOSS)          
  (a)  Fire Insurance   -9418 923 -5167 155 -4444 683 -4978 539
  (b)  Marine Insurance   -506 585 -114 646 666 831 1469 896
  (c )  Miscellaneous Insurance   1227 716           (1098 779) -355 106 6761 698
  (d)  Life Insurance   -20 519 -294 852 190 446                36,926
       0    0  
2 INCOME FROM INVESTMENTS          
  (a)  Interest, Dividend & Rent – Gross   2471 011 4791 183 3148 337 5273 006
  (b)  Profit on sale of investments   1200 440 2312 727 2483 395 3267 837
        Less: Loss on sale of investments    0    0  
             
3 OTHER INCOME (To be specified)          
  Foreign gain/(loss)   219 544 291 886 912 924 1648 720
  Profit on sale of Assets (Net)   - 31  0 - 7  0
  Sundry Balances Written Back (Net)    0  0  0  0
  Interest on Income-tax Refund    0  0  0  0
  (Provision)/doubtful debts written back          
  Motor Pool Service Charges    0  0 -83 000  0
  Miscellaneous Receipts   11 998 14 746 24 556 32 756
  TOTAL (A)   -4815 349 735 110 2543 693 13512 300
4 Provision for Doubtful Loans & Investment    1619 078 5050 521 858 574 858 574
5 Provision /(written off) for Doubtful  Debts   -371 510 226 635 -99 747 477 614
6 Amortisation of premium on Investments   79 191 153 177 76 532 155 979
7 Diminution in the value of investments written off    0  0  0  0
8 OTHER EXPENSES    0    0  
  Expenses relating to Investments    0  0  0  0
  Forex loss/(gain)    0  0  1  1
  (profit)/Loss on sale of Assets (Net)    27  27  230  230
  Sundry Balances Written Off (Net)    440  440    0
  Interest & others    0  10  13 7 133
  Corporate Social Responsibility   57 753 115 595 9 185 16 419
  IPO expenses    0  0  0  0
  TOTAL (B)   1384 979 5546405 844 788 1515 950
  Profit Before Tax                                    -6200 328 -4811 295 1698 905 11996 350
  Provision for Taxation :          
  Current Tax   -247 777 59 492             (585 000) 1995 000
  Deferred Tax   -2 762 -2 201             (860 860) -857 650
  MAT Credit of earlier year    0  0                        0  0
  Profit after Tax   -5954 538 -4868586 5138 425 12852 660
  Balance brought forward from last year    0 40303 305                        0 32336 730
  Profit available for appropriation   -5954 538 35434 719 5138 424 45189 390
  APPROPRIATIONS                              0  
  (a)                 Interim dividends paid during the year    0  0                        0  0
  (b)                 Proposed final dividend   11842 200 11842 200         11,842,200 11842 200
  (c)                 Dividend distribution tax   2434 282 2434 282           2,434,280 2434 280
  (d)                 Transfer to General Reserve    0  0                        0  0
  (e)          Balance carried forward to Balance Sheet   -20231 020 21158 237           (9138 056) 30912 910
      -5954 538 35434 719 5138 424 45189 390
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.