annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10UNDERWRITING EXPERIENCE AND PROFITS OF PRIVATE SECTOR COMPANIESSTATEMENT 47(` Lakhs)ROYAL SUNDARAM BAJAJ ALLIANZ TATA AIG RELIANCE IFFCO TOKIO ICICI LOMBARD CHOLAMANDALAM2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09NET PREMIUM 75460 66831 197167 200658 58000 58749 142872 139956 99083 88568 231409 211648 51463 43414CLAIMS INCURRED (NET) 50907 41235 138657 135992 39637 35567 118569 107366 73267 69502 190263 168454 34434 2757867.46% 61.70% 70.32% 67.77% 68.34% 60.54% 82.99% 76.71% 73.94% 78.47% 82.22% 79.59% 66.91% 63.52%COMMISSION, EXPENSES 26474 25161 58028 62261 27244 28867 44583 50989 27446 23639 57619 60300 17250 13595OF MANAGEMENT 35.08% 37.65% 29.43% 31.03% 46.97% 49.14% 31.21% 36.43% 27.70% 26.69% 24.90% 28.49% 33.52% 31.31%INCREASE IN RESERVE 3974 7026 8747 11532 (973) 0 2947 1070 7040 5275 12126 14282 5235 4877FOR UNEXPIRED RISK 5.27% 10.51% 4.44% 5.75% -1.68% 0.00% 2.06% 0.76% 7.10% 5.96% 5.24% 6.75% 10.17% 11.23%UNDERWRITING PROFIT/LOSS (5894) (6591) (8265) (9126) (7908) (5686) (23228) (19468) (8669) (9849) (28600) (31388) (5455) (2636)-8.25% -11.02% -4.39% -4.83% -13.41% -9.68% -16.60% -14.02% -9.42% -11.82% -13.04% -15.90% -11.80% -6.84%GROSS INVESTMENT INCOME 9278 7557 23336 21475 9008 7172 15313 14650 11991 10541 47246 36574 5326 3851OTHER INCOME LESS 18 8 2909 2628 78 (536) (1140) (199) 539 (0.36) (2815) (5159) 314 (30)OTHER OUTGOPROFIT BEFORE TAX 3401 973 17980 14977 1178 950 (9055) (5017) 3861 692 15831 27 185 1185INCOME TAX DEDUCTEDAT SOURCE AND (304) (407) (5898) (5461) (509) (526) 4012 (215) (1323) (442) (1438) 2335 51 (486)PROVISION FOR TAXNET PROFIT AFTER TAX 3097 566 12083 9516 670 424 (5043) (5232) 2538 250 14393 2362 236 699Note: Figures in brackets indicate negative amounts.152