FORM NL-20-ANALYTICAL RATIOS SCHEUDLE
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA
Sl.No. Particular Calculation For the quarter 30.09.201 up to the Quarter 30.09.2021 For the Corresponding quarter of the Previous year 30.09.2020 up to the Corresponding Quarter of the Previous year 30.09.2020
1 Gross Direct Premium Growth Rate** [GDPI(CY)-GDPI(PY)]  / GDPI(PY) -21.4% (14.58) 12.60 (12.35)
2 Gross Direct Premium to Net worth Ratio GDPI / Shareholder's funds
Shareholder's funds/Net Worth =Share capital+reserve and surplus-Miscellaneous expenditure-debit balance in profit and loss account )
Shareholders' funds /Net Worth comprise of Share Capital plus all Reserves and Surplus (except  revaluation Reserve and fair value change account) net of accumulated losses and Miscellaneous expenditure to the extent not written off as at the Balance Sheet date
36.91 99.88 52.93 131.90
3 Growth rate of Net Worth (Shareholder's funds(CY)-Shareholder's funds(PY))  / Shareholder's funds(PY) 6.61 12.76 2.07 -1.5
4 Net Retention Ratio** Net written premium / (Gross Direct Premium Income + Reinsurance Accepted) 89% 90% 83% 88%
5 Net Commission Ratio** Net Commission / Net written premium 29% 22.42 20% 18.61
6 Expense of Management to Gross Direct Premium Ratio** (Direct Commission+Operating Expenses) / Gross direct premium 0.9% 0.60 0.5% 0.5
7 Expense of Management to Net Written Premium Ratio** (Net Commission+Operating Expenses) / Net Written Premium 30% 23% 21% 19%
8 Net Incurred Claims to Net Earned Premium** Net Incurred Claims / Net Earned Premium 92% 98% 101% 97%
9 Claims paid to claims provisions** Claim Paid (pertaining to provisions made previously) / claims provision made previously 192% 22% -579% 28%
10 Combined Ratio** (7) +(8) 122% 122% 122% 116%
11 Investment income ratio Investment income  / Average Assets under management

Investment income = Profit/ Loss on sale/redemption of  Investments+Interest, Dividend & Rent – Gross (net of investment expenses) including investment income from pool
10.36 8.78 13.37 9.80
12 Technical Reserves to net premium ratio ** [(Reserve for unexpired risks+premium deficiency+reserve for outstanding claims(including IBNR and IBNER) ]   /  Net premium written 4.21 404.1 -29.90 332.4
13 Underwriting balance ratio Underwriting results / Net earned premium

Underwriting results= Net earned premium-Net incurred claims-Net commission-Operating Expenses (Before adjusting transfer to Profit and loss account as per Section 40C)- Premium Deficiency
(18.76) (20.65) (24.41) (16.75)
14 Operating Profit Ratio Operating profit / Net Earned premium 6.51% -3.48 0.32% -3.5
15 Liquid Assets to liabilities ratio Liquid Assets / Policyholders liabilities
Liquid Assets = Short term investments+Short term loans+Cash & Bank balances

Policyholders liabilities=Outstanding Claims including Incurred But Not Reported (IBNR) &
Incurred But Not Enough Reported (lBNER)+
Unearned Premium Reserve+ Premium Deficiency Reserve, if any+ Catastrophe Reserve, if any; and+ Other Liabilities net off Other Assets
Other Liabilities in point (e) above, comprise of (i) Premium received in advance (ii) Unallocated premium (iii) Balance due to OTHER Insurance
Companies (iv) Due to other Members of a Pool such as Third Party Pool; Terrorism Pool; etc. (vi) Sundry creditors (due to Policyholders).
Other Assets in point (e) above, comprise of (i) Outstanding premium (ii) due from other entities carrying on Insurance business including Reinsurers (iii) Balance with Pool such as Thirty Party Pool; Terrorism pool; etc.
262.40 30.28 94.76 28.39
16 Net earning ratio Profit after tax / Net Premium written 13.56 1.17 2.60 (1.39)
17 Return on net worth ratio (Annualised) Profit after tax / Net Worth 4.45 2.10 1.14 (3.25)
18 Available Solvency margin Ratio to Required Solvency Margin Ratio to be taken from solvency margin reporting 1.88 1.88 1.63 1.63
19 NPA Ratio to be taken from NPA reporting        
  Gross NPA Ratio   3.28 3.28 4.03 4.03
  Net NPA Ratio   0.00 0.00 0.31 0.31
20 Debt Equity Ratio (Debt/Equity)                                                     Debt=(Borrowings+Redeemable Preference shares, if any)  Equity=Shareholders' Funds excluding Redeemable Preference shares, if any NA NA NA NA
21 Debt Service Coverage Ratio (Earnings before Interest and Tax/ Interest and Principal Instalments Due) NA NA NA NA
22 Interest Service Coverage Ratio (Earnings before Interest and Tax/ Interest due) NA NA NA NA
23 Earnings per share Profit /(loss) after tax / No. of shares 5.76 1.36 1.31 (1.87)
24 Book value per share Net worth / No. of shares 129.34 129.34 114.70 114.70
Notes: -
1. Net worth definition to include Head office capital for Reinsurance branch
** Segmental Reporting up to the quarter 30.09.2021
Segments
Upto the quarter ended on 30.09.2021
Gross Direct Premium Growth Rate** Net Retention Ratio** Net Commission Ratio** Expense of Management to Gross Direct Premium Ratio** Expense of Management to Net Written Premium Ratio** Net Incurred Claims to Net Earned Premium** Claims paid to claims provisions** Combined Ratio** Technical Reserves to net premium ratio ** Underwriting balance ratio
FIRE                    
Current Period (16.75) 87% 24.33 0.6% 0.7% 91.62 11% 116.70 423.2% (15.69)
Previous Period 29.93 86% 24.83 0.5% 0.6% 92.79 27% 120.62 311.8% (18.49)
Marine Cargo                    
Current Period (27.86) 89% 25.47 0.5% 0.5% 86.41 28% 112.40 379.3% (8.71)
Previous Period 51.46 92% 14.44 0.4% 0.4% 95.38 39% 113.71 219.6% (11.36)
Marine Hull                    
Current Period (43.07) 85% 21.04 0.6% 0.7% 97.41 16% 119.14 960.3% (15.06)
Previous Period 15.55 89% 15.32 0.4% 0.4% 183.80 20% 206.17 517.3% (78.65)
Total Marine                     
Current Period (34.47) 87% 24% 1% 1% 92% 10% 115.95 592.0% (11.03)
Previous Period 33.46 91% 15% 0% 0% 131% 13% 146.10 347.1% (40.18)
Motor OD                    
Current Period 9.81 100% 33.49 0.6% 0.6% 73.52 15% 107.63 445.9% (8.64)
Previous Period (13.96) 97% 18.49 0.5% 0.5% 79.33 17% 100.24 446.4% (0.23)
Motor TP                    
Current Period                    
Previous Period                    
Total Motor                    
Current Period 9.81 100% 33.49 0.6% 0.6% 73.52 15% 107.63 445.9% (8.64)
Previous Period (13.96) 97% 18.49 0.5% 0.5% 79.33 17% 100.24 446.4% (0.23)
Health                    
Current Period (37.90) 98% 28.44 0.5% 0.5% 109.86 51% 138.81 347.9% (40.02)
Previous Period 7.57 90% 23.85 0.4% 0.5% 100.68 46% 133.33 215.9% (25.21)
Personal Accident                    
Current Period (45.40) 97% 28.58 0.5% 0.6% 113.10 24% 142.23 553.5% (45.69)
Previous Period 20.12 100% 24.67 0.4% 0.4% 93.09 25% 122.77 303.0% (19.61)
Travel Insurance                    
Current Period                    
Previous Period                    
Total Health                    
Current Period (38.78) 98% 28.45 0.5% 0.5% 110.23 46% 139.20 369.0% (40.60)
Previous Period 8.90 91% 23.96 0.4% 0.5% 99.59 42% 124.04 227.1% (24.49)
Workmen’s Compensation/ Employer’s liability                    
Current Period (59.74) 100% 14.02 0.6% 0.6% 24.10 7% 38.72 773.4% 119.15
Previous Period 164.61 100% 23.11 0.4% 0.4% 63.19 9% 97.99 306.5% 1.39
Liability                    
Current Period (5.31) 90% 14.37 0.5% 0.6% 76.01 10% 90.97 463.1% 11.90
Previous Period 7.37 88% 21.80 0.5% 0.5% 62.84 7% 86.04 379.9% 13.78
Engineering                    
Current Period 1.77 85% 22.73 0.7% 0.8% 85.05 11% 108.58 555.5% (8.55)
Previous Period 11.25 79% 32.27 0.6% 0.8% 62.92 15% 95.66 509.3% 4.49
Aviation                    
Current Period (16.22) 37% 35.19 1.3% 3.6% 201.66 20% 240.43 1052.1% (161.89)
Previous Period 2.79 48% 23.88 0.9% 2.0% 135.01 28% 156.27 715.7% (71.58)
Crop Insurance                    
Current Period (16.92) 86% 7.42 0.5% 0.6% 96.92 37% 104.96 259.3% (3.79)
Previous Period (48.87) 90% 6.95 0.4% 0.5% 104.44 49% 110.55 292.3% (13.57)
FL/Credit                    
Current Period (1.05) 100% 24.14 0.8% 0.8% 106.56 7% 131.45 735.0% (29.98)
Previous Period (10.11) 100% 27.94 0.5% 0.5% 4.62 5% 32.47 620.1% 71.37
Life                    
Current Period 18.24 96% 1.37 0.5% 0.6% 310.80 57% 312.73 327.4% (197.26)
Previous Period 16.00 96% 1.34 0.4% 0.4% 89.19 47% 93.28 175.7% 6.34
Total Miscellaneous                    
Current Period                    
Previous Period                    
Total-Current Period (14.58) 90% 22.42 0.6% 0.7% 98.48 22% 121.57 404.1% (20.65)
Total-Previous Period (12.35) 88% 18.61 0.5% 0.5% 97.00 28% 116.98 332.5% (16.75)