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ANNUAL REPORT 2011-12<br />

UNDERWRITING EXPERIENCE AND PROFITS OF PRIVATE SECTOR COMPANIES<br />

Contd... STATEMENT 54<br />

(` Lakh)<br />

Particulars ICICI LOMBARD IFFCO TOKIO L&T GENERAL RAHEJA QBE RELIANCE<br />

2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12 2010-11 2011-12<br />

NET PREMIUM 303318 410874 125229 142330 906 9388 (5) 1480 115480 118394<br />

CLAIMS INCURRED (NET) 273064 360091 99046 123367 245 5736 183 417 133138 126587<br />

90.03% 87.64% 79.09% 86.68% 27.01% 61.10% -3847.90% 28.16% 115.29% 106.92%<br />

COMMISSION, EXPENSES OF<br />

MANAGEMENT<br />

62549 81154 33375 34058 6073 9723 1465 1382 42436 42534<br />

20.62% 19.75% 26.65% 23.93% 670.55% 103.56% -30774.37% 93.37% 36.75% 35.93%<br />

INCREASE IN RESERVE FOR<br />

UNEXPIRED RISK<br />

17702 55974 11719 9062 878 4499 171 686 (13900) 2085<br />

5.84% 13.62% 9.36% 6.37% 96.89% 47.92% -3583.13% 46.38% -12.04% 1.76%<br />

UNDERWRITING PROFIT/LOSS (49997) (86344) (18911) (24156) (6290) (10570) (1823) (1005) (46193) (52812)<br />

-17.50% -24.33% -16.66% -18.13% -22335.16% -216.20% 1040.02% -126.67% -35.70% -45.41%<br />

GROSS INVESTMENT INCOME 40009 51677 13875 19393 432 980 1237 1611 17118 20610<br />

OTHER INCOME LESS OTHER OUTGO 1753 (4855) 99 100 (74) (1006) (141) (29) (1901) (1958)<br />

PROFIT BEFORE TAX (8234) (39521) (4937) (4663) (5932) (10595) (727) 577 (30976) (34160)<br />

INCOME TAX DEDUCTED AT SOURCE<br />

AND PROVISION FOR TAX<br />

200 (2111) 1667 1483 (1) 3 (184) (160)<br />

NET PROFIT AFTER TAX (8034) (41633) (3270) (3180) (5932) (10596) (727) 580 (31160) (34320)<br />

Note: Figures in brackets indicate negative values.<br />

208

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