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ANNUAL REPORT 2011-12<br />

AGRICULTURE INSURANCE COMPANY OF INDIA LTD. (AIC) :<br />

POLICYHOLDERS ACCOUNT<br />

STATEMENT 70<br />

(` Lakh)<br />

Particulars 2010-11 2011-12<br />

Premiums earned (Net) 127591.64 132021.36<br />

Profi t/ Loss on sale/redemption of Investments 151.86 0.36<br />

Others<br />

Interest, Dividend & Rent – Gross 12848.43 15016.27<br />

TOTAL (A) 140591.93 147037.99<br />

Claims Incurred (Net) 95014.64 102575.02<br />

Commission (13107.60) (24614.62)<br />

Operating Expenses related to Insurance Business 4480.41 4118.21<br />

Others- Amortizations, Write offs & Provisions 2176.41 129.40<br />

Foreign Taxes<br />

TOTAL (B) 88563.86 82208.01<br />

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B) 52028.07 64829.98<br />

APPROPRIATIONS<br />

Transfer to Shareholders' Account 52028.07 64829.98<br />

Transfer to Catastrophe Reserve<br />

Transfer to Other Reserves<br />

TOTAL (C) 52028.07 64829.98<br />

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

235

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