annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10PRIVATE SECTOR NON-LIFE INSURERS : SHAREHOLDERS ACCOUNTSTATEMENT 55(` Lakh)PARTICULARS ROYAL BAJAJ TATA RELIANCE IFFCO ICICI CHOLAMANDALAMSUNDARAM ALLIANZ AIG TOKIO LOMBARD2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09OPERATING PROFIT/(LOSS)(a) Fire Insurance 748 533 3964 2980 2184 2280 1898 1810 (1211) 514 (142) (2301) 196 663(b) Marine Insurance 70 (181) (268) (1079) (703) (1878) (2) (1135) (1185) (884) 543 (5740) (208) 178(c ) Miscellaneous Insurance 267 (1288) 8578 7739 (2997) (1228) (14519) (10539) 4543 (914) 835 (735) (1557) (635)INCOME FROM INVESTMENTS(a) Interest, Dividend & Rent – Gross 1888 1708 5650 4923 2223 2179 3955 3960 1300 1899 8117 8141 1090 975(b) Profit on sale of investments 411 201 270 812 611 93 1058 910 26 73 8589 6452 229 46Less: Loss on sale of investments (35) (406) (177) 13 (165) (36) (956) (1272) (0)Other Income 20 32 102 453 40 85 135 51 437 42 24 1 535 18TOTAL (A) 3405 1004 18261 15423 1180 1542 (7640) (4978) 3910 730 17009 4546 285 1245Provisions (Other than taxation)(a) For diminution in the value of investments 4352 50 60(b) For doubtful debts 31 169 1 512 307(c) Others (1376)OTHER EXPENSES(a) Expenses other than those related 5 28 249 277 0 (5) (39) (39) 49 38 70 62 50to Insurance Business(b) Bad debts written off 86(c) Others - preliminary &pre-operative, amortisations 3 802 104TOTAL (B) 5 31 280 446 2 593 (1415) (39) 49 38 1179 4518 100 60Profit Before Tax 3401 973 17980 14977 1178 950 (9055) (5017) 3861 692 15831 27 185 1185Prior Period Adjustments Account (700)Provision for Taxation (304) (407) (5898) (5461) 191 (526) 4012 (215) (1323) (442) (1438) 2335 51 (486)Profit After Tax 3097 566 12083 9516 670 424 (5043) (5232) 2538 250 14393 2362 236 699APPROPRIATIONS(a) Interim dividends paid during the year 6452(b) Proposed final dividend 741 1097(c) Dividend distribution tax 126(d) Transfer to any Reserves or 1512 1079 561Deferred Tax of last year orReserve for Unexpired Risks(e) Catastrophe ReserveBalance of profit/ loss B/f from last year 1282 715 39562 30047 2409 3497 (16547) (11315) 5629 5379 11686 9324 539 401Balance C/f to Balance Sheet 4379 1282 51645 39562 3079 2409 (21589) (16547) 7300 5629 17450 11686 775 539Note :Figures in brackets indicate the negative values166