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ANNUAL REPORT 2011-12
UNDERWRITING EXPERIENCE AND PROFITS OF PRIVATE SECTOR COMPANIES
STATEMENT 54
(` Lakh)
Particulars BAJAJ ALLIANZ BHARTI AXA CHOLAMANDALAM MS FUTURE
GENERALI
HDFC ERGO
2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12
NET PREMIUM 231050 269567 43468 71728 72686 99077 40395 64807 77514 116388
CLAIMS INCURRED (NET) 170127 190795 27596 47507 48578 65818 27902 40973 50988 76643
73.63% 70.78% 63.49% 66.23% 66.83% 66.43% 69.07% 63.22% 65.78% 65.85%
COMMISSION, EXPENSES OF
MANAGEMENT
68648 74694 24091 29386 23132 29409 17992 23433 19056 24625
29.71% 27.71% 55.42% 40.97% 31.83% 29.68% 44.54% 36.16% 24.58% 21.16%
INCREASE IN RESERVE FOR
UNEXPIRED RISK
16085 22099 11897 15265 9949 12164 7484 12674 16878 24941
6.96% 8.20% 27.37% 21.28% 13.69% 12.28% 18.53% 19.56% 21.77% 21.43%
UNDERWRITING PROFIT/LOSS (23810) (18021) (20117) (20431) (8974) (8314) (12983) (12272) (9408) (9820)
-11.08% -7.28% -36.33% -23.49% -14.30% -9.57% -39.45% -23.54% -9.97% -6.95%
GROSS INVESTMENT INCOME 28017 35425 2328 4163 6622 9857 3977 7164 8204 13857
OTHER INCOME LESS OTHER OUTGO 1984 1995 759 2318 93 6 54 (37) (2438) (8006)
PROFIT BEFORE TAX 6191 19399 (17030) (13950) (2259) 1549 (8952) (5145) (3643) (3970)
INCOME TAX DEDUCTED AT SOURCE
AND PROVISION FOR TAX
(1864) (7034) (5) 5 (34) 363
NET PROFIT AFTER TAX 4327 12365 (17035) (13945) (2293) 1912 (8952) (5145) (3643) (3970)
Note: Figures in brackets indicate negative values.
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