In Rs. ‘000 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
General Insurance
Gross Written Premium 4,272,926 3,937,285 3,678,224 3,137,188 2,888,296 2,483,181 1,661,697 1,339,129 1,010,754 582,685
Reinsurance (555,214) (623,091) (569,479) (443,284) (716,877) (498,413) (323,696) (232,033) (225,963) (146,815)
Change in Unearned Premium Reserves (144,960) (146,213) (169,195) (350,527) (62,113) (341,398) (120,480) (81,077) (56,191) (55,745)
Net Earned Premium 3,572,752 3,167,981 2,939,550 2,343,377 2,109,306 1,643,370 1,217,521 1,026,019 728,600 380,125
Net Acquisition Cost (537,431) (477,374) (354,662) (260,222) (223,374) (111,597) (82,989) (88,441) (17,245) (9,329)
Net Claims (2,300,485) (2,075,589) (1,969,556) (1,461,804) (1,433,268) (1,319,838) (724,962) (840,547) (488,702) (259,597)
Underwriting Profit/(Loss) 734,836 615,018 615,332 621,351 452,664 211,935 409,570 97,031 222,653 111,199
Investment Income and Other Income 642,420 590,613 676,957 1,197,942 759,033 419,286 266,990 305,569 184,881 54,695
Operating Expenses (1,019,877) (977,821) (899,027) (834,246) (639,200) (531,167) (350,361) (334,014) (403,998) (146,964)
Transfer from Life Fund 404,900 320,541 278,636 63,684 3,000 2,137 1,648

-

 47,380 6,040
Profit from Operating Activities 762,279 548,351 671,898 1,048,731 575,497 102,191 327,847 68,586 50,916 24,970
Finance Cost (12,528) (45,158) (122,774) (283,718) (364,787) (185,481) (149,605) (119,785) (68,651) -
Profit/(Loss) before Taxation 749,751 503,193 549,124 765,013 210,710 (83,290) 178,242 (51,199) (17,735) 24,970
Taxation (92,478) (54,036) (23,347) (18,887) (1,146) (31,814)

-

 (51) 567

-
Profit/(Loss) after Taxation 657,273 449,157 525,777 746,126 209,564 (115,104) 178,242 (51,250) (17,168) 24,970
Minority Interest

-

-

-

 (68) (39) 352

-

 (23,785) (76,661) -
Net Profit/( Loss) for the year 657,273 449,157 525,777 746,058 209,525 (114,752) 178,242 (75,035) (93,829) 24,970
 
Long Term Insurance Fund
2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Gross Written Premium 1,431,628 1,426,160 1,206,033 1,024,159 813,783 665,967 572,584 519,600 471,356 218,185
Reinsurance Premium (37,607) (32,064) (31,197) (26,327) (11,803) (6,317) (3,842) (5,004) (6,783) (9,116)
Net Earned Premium 1,394,021 1,394,096 1,174,836 997,832 801,980 659,650 568,742 514,596 464,573 209,069
Net Acquisition Cost (350,624) (360,366) (287,577) (228,936) (153,053) (109,770) (83,044) (92,665) (85,279) (44,491)
Net Claims and Benefits (336,965) (294,230) (319,154) (299,031) (342,242) (284,479) (199,036) (221,826) (179,140) (34,654)
Investment Income and Other Income 374,655 402,367 411,774 253,173 198,665 193,102 169,636 192,196 178,974 14,686
Underwriting Results 706,432 739,500 979,879 723,038 505,350 458,503 456,298 392,301 379,128 144,610
Expenses (376,232) (421,189) (498,654) (376,581) (247,797) (236,377) (219,624) (261,096) (180,486) (88,430)
Transfer (to) from Shareholders (404,900) (320,541) (278,636) (63,684) (3,000) (2,137) (1,648) (4,800) (2,380) (6,040)
Increase in the Long Term Insurance Fund 299,955 400,137 202,589 282,773 254,553 219,989 235,026 126,405 196,262 50,140
Transfer to Solvency Margin Reserve

-

-

-
-
(12,000) (10,800) (7,400) - (10,000) -
Transfer to General Reserve - - - - - - - - (45,000) -
Increase in the Long Term Insurance Fund after the transfer to the Reserves 299,955 400,137 202,589
-
242,553 209,189 227,626 126,405 141,262 50,140
Long Term Insurance Fund at the beginning of the year 2,925,931 2,525,793 2,305,698 1,977,925 1,735,372 1,526,183 1,298,557 1,172,152 127,725 77,585
Long Term Insurance Fund aquired during the year - - - - - - - - 903,165 -
Revaluation Reserve 45,568 - 17,506 - - - - -

-

 -
Long Term Insurance Fund at the end of the year 3,271,454 2,925,931 2,525,793
-
1,977,925 1,735,372 1,526,183 1,298,557 1,172,152 127,725
Solvency Margin Reserve

-

-

-
-
45,000 33,000 22,200 14,800 10,000 -
Insurance Provision - Long term

-

-

-
2,305,698
2,022,925 1,768,372 1,548,383 1,313,357 1,182,152 127,725
Print Report