Forms for non-life insurers

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1 rrr Forms for non-life insurers Company Name: NEW JUBILEE INSURANCE CO. LIMITED PE Accounting Year Financial Year 28 Period Type: YEARLY Period No: 1 For the : Measurement Unit Actual Enter Text for SECP information or some basic information regarding this excel template or some guideline how to fil

2 Company Information ll remaining excel sheet

3 Y Company Name: 19 Accounting Year Financial Year Period Type YEARLY 2 Period Number 1 January 19 7 NEW JUBILEE INSURANCE CO. LIMITED 21 Share Capital and Reserves Note Balance Sheet Form GA Current Period Figures in Actual Prior Period Domestic companies Authorised Share Capital Paid-up share capital Retained earnings Reserves Other equity (please specify) Foreign companies Head office account Other domestic equity (please specify) 219 Total Equity 26 Underwriting provisions 261 Provision for outstanding claims (including IBNR) 266 Provision for unearned premium 2611 Additional provision for unexpired risks 2616 Commission income unearned

4 269 Total underwriting provisions 211 Deferred Liabilities 2111 Deferred Taxation 2116 Staff Retirement Benefits Others (please specify) 2119 Total Deferred Liabilities 216 Creditors and Accruals Accrued Expenses Premiums Received in Advance Amounts due to other insurers/reinsurers Taxation - Provision less payments Other Creditors and Accruals (describe) 2169 Total Creditors and Accruals 221 Borrowings 2211 Short term running finance 2216 Loans received from banks Other loans Other debt security issued 2219 Total Borrowings 226 Other liabilities 2261 Other liabilities (please specify) 2266 Deposite and other payables Unclaimed dividend 2269 Total Other liabilities 2991 TOTAL LIABILITIES 2996 TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMENTS (if applicable) The annexed notes form an integral part of these accounts. Chairman (If any) Director

5 Company Name: NEW JUBILEE INSURANCE CO. LIMITED 17 Accounting Year Financial Year 28 7 Period Type YEARLY 2 Period Number 1 January 19 Note Current Period Balance Sheet Form GA Figures in Actual Prior Period 251 Cash and Bank Deposits 2511 Cash and other equivalent 2516 Current and other accounts Deposits maturing within 12 months Deposits maturing after 12 months 2519 Total Cash and Bank Deposits 256 Loans (Secured or un-secured - classify as appropriate) 2561 To employees or agents Others 2569 Total Loan (Secured or un-secured) 261 Investments 2611 Investments 266 Investment Property 2661 Investment Property 271 Deferred Taxation 2711 Deferred Taxation 276 Preliminary and Deferred Expenses 2761 Preliminary and Deferred Expenses 281 Current Assets - Others 2811 Premiums due but unpaid 2816 Amounts due from other insurers/ reinsurers Reinsurance recoveries due but unpaid Salvage recoveries accrued Premium and claim reserves retained by cedants Accrued investment income Reinsurance recoveries against outstanding claims Taxation - payments less provision Deferred commission expense Other deferred acquisition costs Prepayments Sundry receivables (provide details) 2819 Total Current Assets - Others 286 Fixed Assets Tangible & Intangible 2861 Land and Buildings 2866 Furniture, Fixtures and Office Equipment Motor Vehicles Capital Work in Progress Intangibles (Please specify) Total Fixed Assets TOTAL ASSETS Director Principal Officer

6 Company Name: Accounting Year 22 4 Period Type YEARLY 2 2 Period Number 1 January, 19 NEW JUBILEE INSURANCE CO. LIMITED Financial Year 28 Statement of Profit and Loss Account Form GB 31 Revenue Account Note Fire & Property Marine, Aviation & Transport Motor Act Liability Figures in Actual Others Treaty Current Prior Period Period Aggregate Aggregate 311 Net Premium Revenue 316 Net Claims 3111 Premium Deficiency Expenses 3116 Expenses 3121 Net Commission 319 Underwriting result 36 Other Income & Expenses 361 Investment Income 366 Rental Income 3611 Other Income (provide details) 3611 General and administration expenses 369 Total (Other Income & Expenses) 3695 Profit/(Loss) before tax 316 Provision for Taxation 3161 Provision for Taxation 3169 Profit/(Loss) after tax 321 Profit and Loss Appropriation Account 3211 Balance at commencement of year 3216 Profit/Loss after tax for the year Prior Year Adjustments (provide details) Proposed Dividend/Remittance to Head Office Transfers to/(from) reserves (provide details) Other appropriations (provide details) Balance Unappropriated Profit/(Loss) at end 3219 of Year The annexed notes form an integral part of these accounts. Chairman (If any) Director Director Principal Officer

7 Company Name: 19 Accounting Year 112 Period Type 2 Period Number Operating Cash Flows a) Underwriting activities NEW JUBILEE INSURANCE CO. LIMITED Financial Year 28 YEARLY 1 January, 19 Statement of Cash Flows Form GC Figures in Actual Current Prior Period Period Aggregate Aggregate Premiums received Reinsurance premiums paid Claims paid Reinsurance and other recoveries received Commissions paid Commissions received Other underwriting payments, if any Other underwriting receipts, if any 4119 Net cash flow from underwriting activities 416 b) Other operating activities 4161 Income tax paid 4166 General management expenses paid Other operating payments Other operating receipts Loans advanced Loan repayments received Other payments on operating assets Other receipts in respect of operating assets 4169 Net cash flow from other operating activities Total cash flow from all operating activities Investment activities Profit/ Return received Dividends received Rentals received Payments for investments Proceeds from disposal of investments Fixed Capital Expenditure Proceeds from disposal of fixed assets 469 Total cash flow from investing activities Financing activities Share capital received Remittance to/from Head office Loans received Loans repaid Dividends paid Financial charges paid Payments on finance leases 4119 Total cash flow from financing activities Net cash inflow/outflow from all activities 4161 Cash at the beginning of the year 4169 Cash at the end of the year

8 8 8 Company Name: 19 Accounting Year 112 Period Type 2 Period Number NEW JUBILEE INSURANCE CO. LIMITED Financial Year 28 YEARLY 1 January, 19 Reconciliation to Profit and Loss Account Reconciliation to Profit and Loss Account Operating cash flows Depreciation expense Financial charges expense Profit/(loss) on disposal of fixed assets Increase/(decrease) in assets other than cash (Increase)/decrease in liabilities other than running finance Revaluation adjustment Other adjustments (please specify) Figures in Actual Current Prior Period Period Aggregate Aggregate 4519 Profit or loss after taxation (must agree to Profit and Loss Account (shareholders' fund only)) 461 Definition of cash Please provide a definition of which items have been treated as cash for the purposes of this statement, and if different from Cash and Overdrafts as disclosed in the Balance Sheet, provide a reconciliation. Cash for the purposes of the Statement of Cash Flows consists of: 4619 Totals The annexed notes form an integral part of these accounts. Chairman (If any) Director Director Principal Officer

9 5 14 Company Name: 17 Accounting Year 3 Period Type 2 Period Number Class Direct and facultative NEW JUBILEE INSURANCE CO. LIMITED Financial Year 28 YEARLY 1 January, 19 Premiums wrtitten Premium Unearned premium reserve Opening Closing Reinsurance ceded Reinsurance Prepaid Reins Premium ceded Opening Closing Reinsurance expense Statement of Premiums Form GD Current Year Net premium revenue Fire and Property Damage Marine, Aviation and Transport Motor Act Liability Workers' Compensation Credit and Suretyship Premiums earned Form GB Figures in Actual Prior Year Net premium revenue Accident and Health Miscellaneous Total Treaty Proportional (*) Non-proportional (*) 569 Total Grand Total Note: If the business underwritten outside Pakistan is more than 1% of the net premium income, then a separate statement on a similar format should be prepared in respect of that business. (*) Can be combined for the purpose of Published Financial Statements The annexed notes form an integral part of these accounts. Chairman (If any) Director Principal Officer

10 6 14 Company Name: NEW JUBILEE INSURANCE CO. LIMITED 16 Accounting Year Financial Year Period Type YEARLY 2 Period Number 1 January, 19 Statement of Claims Form GE Figures in Actual Outstanding Claims Reinsurance and other recoveries received Reinsurance and other recoveries in respect of outstanding claims Opening Closing Reinsurance and other recoveries revenue Rs Current Year Net claims expense Rs Class 1. Business underwritten inside Pakistan Claims Paid Opening Closing Claims Expenses 61 Direct and Facultative Rs Rs Rs Rs Fire and Property Damage Marine, Aviation and Transport Motor Act Liability Workers' Compensation Credit and Suretyship Accident and Health Miscellaneous 619 Total 66 Treaty Proportional Non-proportional 669 Total 699 Grand Total 2. Business underwritten outside Pakistan Direct and Facultative 1 Fire and Property Damage Marine, Aviation and Transport Motor Act Liability Worker's Compensation Credit and Surityship Accident and Health Miscellaneous 6519 Total Treaty 9 Proportional Non-proportional 6569 Total 659 Grand Total Prior Year Net claims expense

11 Y Company Name: NEW JUBILEE INSURANCE CO. LIMITED 2 Accounting Year Financial Year Period Type YEARLY 2 Period Number 1 January, 19 7 Statement of Expenses FORM GF Figures in Actual Current Year Prior Year Opening Closing Net Other management Commissions Commissions Deferred Deferred commission expenses Underwriting from reinsurers Net underwriting paid or Payable commission commission expense Rs expense Rs expense Rs Rs Rs Rs e Rs 9 Rs Class a b c d=a+b-c Refer note 5 f=d+e refer note below g=e-f 1. Business underwritten inside Pakistan Direct and Facultative 1 Fire and Property Damage Marine, Aviation and Transport Motor Act Liability Workers' Compensation Credit and Suretyship Accident and Health Miscellaneous 719 Total 76 Treaty Proportional Non-proportional 769 Total 759 Grand Total 2. Business underwritten outside Pakistan 751 Direct and facultative Fire and Property Damage Marine, Aviation and Transport Motor Act Liability Workers' Compensation Credit and Suretyship Accident and Health Miscellaneous 7519 Total 756 Treaty Proportional Non-proportional 7569 Total 799 Grand Total Note: Commission from reinsurers is arrived at taking impact of opening and closing unearned commission. Net underwriting expense Rs The annexed notes form an integral part of these accounts. Chairman (If any) Director Director Principal Officer

12 Company Name: NEW JUBILEE INSURANCE CO. LIMITED Accounting Year Financial Year 28 Period Type YEARLY Period Number 1 January, 19 Statement of Investment Income FORM GG Income from Trading Investments Gain/loss on trading (I.e. buying and selling difference) Dividend Income ( earned while holding the securities) Others, if any (Please specify) Total Income from Non-Trading Investments Figures in Actual Current Prior Year Year Rs Rs Held to Maturity or Available for sale (classify as appropriate) Return on Government Securities Return on Other Fixed Income Securities and Deposits Dividend Income Amortisation of discount/premium relative to par Others, if any (Please specify) Total Gain/Loss on Sale of Non-Trading Investments (classify as appropriate) Gain/Loss on Revaluation of Investments - Trading Investments - Available for sale Total Provision for Impairment in Value of Investments Provision for Portfolio Held to Maturity Provision for Portfolio Available for Sale Total Less: Investment Related Expenses Net Investment Income The annexed notes form an integral part of these accounts. Chairman (If any) Director Director Principal Officer

13 Y Company Name: NEW JUBILEE INSURANCE CO. LIMITED 19 Accounting Year Financial Year Period Type YEARLY 2 Period Number 1 January, 19 9 Analysis of Claims FORM GH Policy year basis / Accident year basis (delete as applicable) Figures in Actual Class of Business Claims Paid Development year: Outstanding claims (notified) at end of year Development year: and above Total and above Total IBNR Total 9 1. Business underwritten inside Pakistan Rs Rs Rs Rs Rs Rs Rs Rs Rs Rs Rs Rs Rs Rs Rs Rs 911 Claims Fire and Property Damage Recoveries on claims 9111 Net 921 Claims Marine, Aviation and Transport Recoveries on claims 9211 Net 931 Claims Motor Act Recoveries on claims 9311 Net 941 Claims Liability Recoveries on claims 9411 Net 951 Claims Workers' Compensation Recoveries on claims 9511 Net 961 Claims Credit and Suretyship Recoveries on claims 9611 Net 971 Claims Accident and Health Recoveries on claims 9711 Net 981 Claims Miscellaneous Recoveries on claims 9811 Net 9131 Claims 9136 Total Recoveries on claims Net Treaty 9151 Claims Proportional Recoveries on claims Net 9161 Claims Non-proportional Recoveries on claims Net 921 Claims 926 Total Recoveries on claims 9211 Net 9221 Claims 9226 Grand Total Recoveries on claims Net Numbers of claims in year: and above Total Rs Rs Rs Rs Rs Rs Rs 9241 Notified in year Fire and Property Damage Paid in year Outstanding at end of year 9251 Notified in year Marine, Aviation and Transport Paid in year Outstanding at end of year 9261 Notified in year Motor Act Paid in year Outstanding at end of year 9271 Notified in year Liability Paid in year Outstanding at end of year 9281 Notified in year Workers' Compensation Paid in year Outstanding at end of year

14 Y Company Name: NEW JUBILEE INSURANCE CO. LIMITED 19 Accounting Year Financial Year Period Type YEARLY 2 Period Number 1 January, Notified in year Credit and Suretyship Paid in year Outstanding at end of year Notified in year Accident and Health Paid in year 9311 Outstanding at end of year 9311 Notified in year Miscellaneous Paid in year Outstanding at end of year 9321 Notified in year Total Paid in year Outstanding at end of year 1 1 Analysis of Claims FORM GH Treaty 9331 Notified in year Proportional Paid in year Outstanding at end of year 9341 Notified in year Non-proportional Paid in year Outstanding at end of year 2. Business underwritten outside Pakistan Class of Business Claims Paid Outstanding claims Development year: (notified) and above Total and above Total IBNR Total $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' $ ' 9351 Claims Fire and Property Damage Recoveries on claims Net 9361 Claims Marine, Aviation and Transport Recoveries on claims Net 9371 Claims Motor Act Recoveries on claims Net 9381 Claims Liability Recoveries on claims Net 9391 Claims Workers' Compensation Recoveries on claims Net 941 Claims Credit and Suretyship Recoveries on claims 9411 Net 9411 Claims Accident and Health Recoveries on claims Net 9421 Claims Miscellaneous Recoveries on claims Net 9431 Claims 9436 Total Recoveries on claims Net Treaty 9441 Claims Proportional Recoveries on claims Net 9451 Claims Non-proportional Recoveries on claims Net 9461 Claims 9466 Total Recoveries on claims Net 9471 Claims 9476 Grand Total Recoveries on claims Net

15 Y Company Name: NEW JUBILEE INSURANCE CO. LIMITED 19 Accounting Year Financial Year Period Type YEARLY 2 Period Number 1 January, 19 9 Analysis of Claims FORM GH Numbers of claims in year: and above Total $ ' $ ' $ ' $ ' $ ' $ ' $ ' 9481 Notified in year Fire and Property Damage Paid in year Outstanding at end of year 9491 Notified in year Marine, Aviation and Transport Paid in year Outstanding at end of year 951 Notified in year Motor Act Paid in year 9511 Outstanding at end of year 9511 Notified in year Liability Paid in year Outstanding at end of year 9521 Notified in year Workers' Compensation Paid in year Outstanding at end of year 9531 Notified in year Credit and Suretyship Paid in year Outstanding at end of year 9541 Notified in year Accident and Health Paid in year Outstanding at end of year 9551 Notified in year Miscellaneous Paid in year Outstanding at end of year 9561 Notified in year 9566 Total Paid in year Outstanding at end of year Treaty 9571 Notified in year Proportional Paid in year Outstanding at end of year 9581 Notified in year Non-proportional Paid in year Outstanding at end of year The annexed notes form an integral part of these accounts. Chairman (If any) Director Director Principal Officer

16 Y Company Name: NEW JUBILEE INSURANCE CO. LIMITED 17 Accounting Year Financial Year 28 5 Period Type YEARLY 2 Period Number 1 January, 19 Statement of Estimated Exposures FORM GI 1) Risk Exposures Direct and Faculative 1 Fire and Property Damage Marine, Aviation and Transport Motor Act Liability Workers' Compensation Credit and Suretyship Accident and Health Miscellaneous Treaty 9 Proportional Non-proportional Maximum Maximum Highest Maximum Gross Risk Gross Risk Net Risk Reinsurance Exposure PML Retention Cover Rs million Rs million Rs million Rs million 151 2) Aggregate Event Exposures Provide below up to five aggregate events which constitute the maximum exposures of the company. Include: the highest gross aggregate exposure; the highest gross maximum probable loss; the highest net maximum probable loss Event Gross Gross Net Maximum (description) Aggregate Event Event Reinsurance Exposure PML Retention Cover Rs million Rs million Rs million Rs million The annexed notes form an integral part of these accounts. Chairman (If any) Director Director Principal Officer

17 Y Company Name: NEW JUBILEE INSURANCE CO. LIMITED 15 Accounting Year Financial Year Period Type YEARLY 2 Period Number 1 January, Figures in Rs Note Current Prior ADMISSIBLE ASSETS Year Year Rs Rs Cash and Bank Deposits Cash and other equivalent 1116 Current and other accounts Deposits maturing within 12 months Deposits maturing after 12 months 1119 Total Loans (Secured or un-secured - classify as appropriate) To employees or agents 1166 Others 1169 Total Investments (Classification of investment are in notes) Government Securities Other Fixed Income Securities Listed Equities Unlisted Equities Others (describe) Total Statement of Assets for Solvency Purposes FORM GJ Investment Property Deferred Taxation Preliminary and Deferred Expenses Current Assets - Others Premiums due but unpaid Amounts due from other insurers/ reinsurers Reinsurance recoveries due but unpaid Salvage recoveries accrued Premium and claim reserves retained by cedants Accrued investment income Reinsurance recoveries against outstanding claims Taxation - payments less provision Deferred commission expense Other deferred acquisition costs Prepayments Sundry receivables (provide details) Total Fixed Assets Tangible & Intangible Land and Buildings Furniture, Fixtures and Office Equipment Motor Vehicles Capital Work in Progress Intangibles (Please specify) Total 1199 TOTAL ADMISSIBLE ASSETS TOTAL INADMISSIBLE ASSETS TOTAL ASSETS Chairman (If any) Director Director Principal Officer

18 Company Name: NEW JUBILEE INSURANCE CO. LIMITED Accounting Year Financial Year 28 Period Type YEARLY Period Number 1 January, 19 Classified Summary of Assets in Pakistan FORM GK CLASS OF ASSETS Cash and Bank Deposits Cash and other equivalant Current and other accounts Deposits muturing within 12 months Total Figures in Rs Current year Prior year Valuation Remarks Cost or book Market value Cost or book Market value basis value value Loans Loans secured (To employees) Investments Government Securities Other Fixed Income Securities Listed Equities Total

19 Deffered Tax Detail Deffered Tax Investment Property Detail Investment Property Other Assets Premium due but unpaid Amounts due from other insurers/reinsurers Salvage recovries accrued Premium and claims reserves retained by cedants Accrued investment income Reinsurance recovries against outstanding claims Taxation payment less provision Deffered commission expenses Prepayments Securities deposits Other receivables Amount due from State Life Insurance Corp of Pakistan Lands and Buildings Furniture Fixtures and Office equipments Motors Vehicles Total TOTAL ASSETS The annexed notes form an integral part of these accounts. Chairman (if any) Director Director Principal O

20 Company Name: Financial Year ended 31 December... Note to the accounts FORM GL 1. STATUS AND NATURE OF BUSINESS Disclose the domicile and legal form of the company, its country of incorporation and the address of the registered office (or principal place of business, if different from the registered office); a description of the nature of its operations and its principal activities; the name of the parent enterprise and the ultimate parent enterprise of the group. 2. BASIS OF PRESENTATION 3. STATEMENT OF COMPLIANCE 4. BASIS OF MEASUREMENT 5. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, such as: Investment Property Investments Preliminary and Deferred Expenses Revenue recognition - Premiums Claims Acquisition costs Operating fixed assets Capital work-in-progress Property and equipment (owned and leased) Intangible Taxation Current Deferred Staff retirement benefits Defined benefit plan Defined contribution plan Foreign currencies Others (to be specified) 6 Management Expenses State policy of allocation to class of business Break up of Expenses Salaries, wages and benefits Rent, taxes, electricity etc Communications Printing and stationery Traveling and entertainment Depreciation Repairs and maintenance Legal and professional charges Advertisement and sales promotion Other expenses 7 INVESTMENTS Government Securities Other Fixed Income Securities Listed Equities Unlisted Equities Others (describe) TOTAL

Directors Review 1. Condensed Interim Balance Sheet 2. Condensed Interim Profit & Loss Account 4. Condensed Interim Statement of Changes in Equity 5

Directors Review 1. Condensed Interim Balance Sheet 2. Condensed Interim Profit & Loss Account 4. Condensed Interim Statement of Changes in Equity 5 Contents Directors Review 1 Condensed Interim Balance Sheet 2 Condensed Interim Profit & Loss Account 4 Condensed Interim Statement of Changes in Equity 5 Condensed Interim Statement of Cash Flows 6 Condensed