| In Rs. ‘000 |
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
1998 |
1997 |
| General Insurance |
| Gross Written Premium |
3,678,224 |
3,137,188 |
2,888,296 |
2,483,181 |
1,661,697 |
1,339,129 |
1,010,754 |
582,685 |
472,190 |
350,212 |
264,071 |
| Reinsurance |
(569,479) |
(443,284) |
(716,877) |
(498,413) |
(323,696) |
(232,033) |
(225,963) |
(146,815) |
(131,337) |
(118,607) |
(91,828) |
| Change in Unearned Premium Reserves |
(169,195) |
(350,527) |
(62,113) |
(341,398) |
(120,480) |
(81,077) |
(56,191) |
(55,745) |
(58,991) |
(35,694) |
(31,366) |
| Net Earned Premium |
2,939,550 |
2,343,377 |
2,109,306 |
1,643,370 |
1,217,521 |
1,026,019 |
728,600 |
380,125 |
281,862 |
195,911 |
140,877 |
| Net Acquisition Cost |
(354,662) |
(260,222) |
(223,374) |
(111,597) |
(82,989) |
(88,441) |
(17,245) |
(9,329) |
11,104 |
22,018 |
22,768 |
| Net Claims |
(1,969,556) |
(1,461,804) |
(1,433,268) |
(1,319,838) |
(724,962) |
(840,547) |
(488,702) |
(259,597) |
(179,250) |
(127,215) |
(89,238) |
| Underwriting Profit/(Loss) |
615,332 |
621,351 |
452,664 |
211,935 |
409,570 |
97,031 |
222,653 |
111,199 |
113,716 |
90,714 |
74,407 |
| Investment Income and Other Income |
676,957 |
1,197,942 |
759,033 |
419,286 |
266,990 |
305,569 |
184,881 |
54,695 |
23,721 |
12,714 |
6,944 |
| Operating Expenses |
(899,027) |
(834,246) |
(639,200) |
(531,167) |
(350,361) |
(334,014) |
(403,998) |
(146,964) |
(105,508) |
(86,578) |
(65,258) |
| Transfer from Life Fund |
278,636 |
63,684 |
3,000 |
2,137 |
1,648 |
- |
47,380 |
6,040 |
- |
- |
- |
| Profit from Operating Activities |
671,898 |
1,048,731 |
575,497 |
102,191 |
327,847 |
68,586 |
50,916 |
24,970 |
32,129 |
16,850 |
15,093 |
| Finance Cost |
(122,774) |
(283,718) |
(364,787) |
(185,481) |
(149,605) |
(119,785) |
(68,651) |
- |
- |
- |
- |
| Profit/(Loss) before Taxation |
549,124 |
765,013 |
210,710 |
(83,290) |
178,242 |
(51,199) |
(17,735) |
24,970 |
32,129 |
16,850 |
15,093 |
| Taxation |
(23,347) |
(18,887) |
(1,146) |
(31,814) |
- |
(51) |
567 |
- |
(3,692) |
(4,500) |
- |
| Profit/(Loss) after Taxation |
525,777 |
746,126 |
209,564 |
(115,104) |
178,242 |
(51,250) |
(17,168) |
24,970 |
28,437 |
12,350 |
15,093 |
| Minority Interest |
|
(68) |
(39) |
352 |
- |
(23,785) |
(76,661) |
- |
- |
- |
- |
| Net Profit/( Loss) for the year |
525,777 |
746,058 |
209,525 |
(114,752) |
178,242 |
(75,035) |
(93,829) |
24,970 |
28,437 |
12,350 |
15,093 |
| |
| Long Term Insurance Fund |
|
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
1998 |
1997 |
|
| Gross Written Premium |
1,206,033 |
1,024,159 |
813,783 |
665,967 |
572,584 |
519,600 |
471,356 |
218,185 |
165,016 |
147,775 |
124,263 |
| Reinsurance Premium |
(31,197) |
(26,327) |
(11,803) |
(6,317) |
(3,842) |
(5,004) |
(6,783) |
(9,116) |
(12,076) |
(9,077) |
(9,426) |
| Net Earned Premium |
1,174,836 |
997,832 |
801,980 |
659,650 |
568,742 |
514,596 |
464,573 |
209,069 |
152,940 |
138,698 |
114,837 |
| Net Acquisition Cost |
(287,577) |
(228,936) |
(153,053) |
(109,770) |
(83,044) |
(92,665) |
(85,279) |
(44,491) |
(35,689) |
(23,529) |
(27,758) |
| Net Claims and Benefits |
(319,154) |
(299,031) |
(342,242) |
(284,479) |
(199,036) |
(221,826) |
(179,140) |
(34,654) |
(54,097) |
(43,573) |
(9,198) |
| Investment Income and Other Income |
411,774 |
253,173 |
198,665 |
193,102 |
169,636 |
192,196 |
178,974 |
14,686 |
9,934 |
7,670 |
5,736 |
| Underwriting Results |
979,879 |
723,038 |
505,350 |
458,503 |
456,298 |
392,301 |
379,128 |
144,610 |
73,088 |
79,266 |
83,617 |
| Expenses |
(498,654) |
(376,581) |
(247,797) |
(236,377) |
(219,624) |
(261,096) |
(180,486) |
(88,430) |
(68,493) |
(66,589) |
(52,937) |
| Transfer (to) from Shareholders |
(278,636) |
(63,684) |
(3,000) |
(2,137) |
(1,648) |
(4,800) |
(2,380) |
(6,040) |
(3,300) |
- |
(2,067) |
| Increase in the Long Term Insurance Fund |
202,589 |
282,773 |
254,553 |
219,989 |
235,026 |
126,405 |
196,262 |
50,140 |
1,295 |
12,677 |
28,613 |
| 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 |
202,589 |
-
|
242,553 |
209,189 |
227,626 |
126,405 |
141,262 |
50,140 |
1,295 |
12,677 |
28,613 |
| Long Term Insurance Fund at
the beginning of the year |
2,305,698 |
1,977,925 |
1,735,372 |
1,526,183 |
1,298,557 |
1,172,152 |
127,725 |
77,585 |
76,290 |
63,613 |
35,000 |
| Long Term Insurance Fund aquired during the year |
- |
- |
- |
- |
- |
- |
903,165 |
- |
- |
- |
- |
| Long Term Insurance Fund at the end of the year |
2,525,793 |
-
|
1,977,925 |
1,735,372 |
1,526,183 |
1,298,557 |
1,172,152 |
127,725 |
77,585 |
76,290 |
63,613 |
| 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 |
77,585 |
76,290 |
63,613 |
| Print Report |
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