FORM NL-1-B-RA Particulars REVENUE ACCOUNT FOR THE QUARTER ENDED 30TH JUNE, 2013 For the quarter Up to the quarter Correspodning quarter of the Schedule preceeding year Up to the quarter of the preceding year 01.04.13-30.06.13 As on 30.06.2013 01.04.12-30.06.12 As on 30.06.2012 (Rs. '000) (Rs. '000) (Rs. '000) (Rs. '000) 1 Premium Earned (Net) 1 1788874 1788874 1308823 1308823 2 Profit/Loss on Sale/Redemption of Investments 0 0 28 28 3 Others 0 0 0 0 4 Interest, Dividend & Rent -Gross 482218 482218 372637 372637 TOTAL (A) 2271091 2271091 1681488 1681488 1 Claims Incurred (Net) 2 2438264 2438264 728577 728577 2 Commission 3 (230846) (230846) (75797) (75797) 3 Operating Expenses related to Insurance Business 4 120629 120629 83528 83528 4 Expenses related to Investments : a) Amortization of Premium on Investments 2219 2219 0 0 b) Stock Holding Charges 267 267 210 210 c) Bank Interest & Charges 0 0 0 0 d) Cenvat Credit Input Claimed 0 0 0 0 TOTAL (B) 2330534 2330534 736519 736519 Operating Profit from Crop Insurance Business C=(A-B) (59442) (59442) 944969 944969 APPROPRIATIONS Transfer to Shareholders' Account (59442) (59442) 944969 944969 Transfer to Catastrophe Reserve 0 0 0 0 Transfer to Other Reserves 0 0 0 0 TOTAL (59442) (59442) 944969 944969 Re-grouping of figures: the Figures for 'Interest, Dividend & Rent -Gross (Current Period Rs.193 thousands, Pervious period Nil, Pervious Year Rs. 5352 thousands) are net of interest paid on temporary advance against Fixed deposit.
FORM NL-1-B-RA PROFIT AND LOSS ACCOUNT FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Schedule For the quarter Up to the quarter Correspodning quarter of the preceeding year Up to the quarter of the preceding year 01.04.13-30.06.13 As on 30.06.2013 01.04.12-30.06.12 As on 30.06.2012 (Rs. '000) (Rs. '000) 1 OPERATING PROFIT/(LOSS) (a) Fire Insurance 0 0 0 0 (b) Marine Insurance 0 0 0 0 (c ) Misc. Insurance-Crop Insurance (59442) (59442) 944969 944969 2 INCOME FROM INVESTMENTS (a) Interest, Dividend & Rent Gross 374432 374432 325219 325219 (b) Profit on sale of investments 0 0 24 24 Less: Loss on sale of investments 0 0 0 0 3 OTHER INCOME 0 0 a) Miscellaneous Receipts 638 638 4167 4167 b) Profit on Sale of Assets 0 0 TOTAL (A) 315628 315628 1274380 1274380 4 PROVISIONS (Other than taxation) (a) For Diminution in the value of investments 0 0 0 0 (b) For Doubtful debts 0 0 0 0 (c) Others- Provision for Loyalty Discount 0 0 0 0 (d) Provision for standard asset (543) (543) 0 0 5 OTHER EXPENSES (a) Expenses other than those related 0 0 0 0 to Insurance Business (b) Bad debts written off 0 0 0 0 (c) Others i) Amortisation of Premium on Investments 1723 1723 0 0 ii) Stock Holding Charges 207 207 184 184 iii) Loss on sale of Fixed Assets 79 79 28 28 iv) Prior Period Expenses 17 17 102 102 TOTAL (B) 1484 1484 313 313 Profit Before Tax (C=A-B) 314144 314144 1274067 1274067 Provision for Taxation 106777 106777 413371 413371 APPROPRIATIONS (a) Interim dividends paid during the year (b) Proposed final dividend (c) Dividend distribution tax (d) Transfer to any Reserves or Other Accounts Balance of profit/ loss brought forward from last year Balance carried forward to Balance Sheet Profit After Tax (D) 207366 207366 860696 860696 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 207366 207366 860696 860696
FORM NL-1-B-RA BALANCE SHEET FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Schedule For the quarter Correspodning quarter of the preceeding year SOURCES OF FUNDS SHARE CAPITAL SHARE APPLICATION MONEY PENDING ALLOTMENT RESERVES AND SURPLUS NL-8-Share Capital Schedule NL-10-Reserves and Surplus Schedule 01.04.13-30.06.13 01.04.12-30.06.12 (Rs. '000) 2000000 2000000 0 0 17648499 14819709 FAIR VALUE CHANGE (85305) 0 ACCOUNT DEFERRED TAX LIABILITY 45124 0 BORROWINGS NL-11-Borrowings Schedule 0 0 TOTAL 19608318 16819709 APPLICATION OF FUNDS INVESTMENTS NL-12-Investment 39722131 30591046 Schedule LOANS NL-13-Loans 30811 12974 Schedule FIXED ASSETS NL-14-Fixed Assets 479066 188649 Schedule DEFERRED TAX ASSET 0 31029 CURRENT ASSETS CASH AND BANK BALANCES NL-15-Cash and bank balance 6028573 757870 ADVANCES AND OTHER ASSESTS Schedule NL-16-Advances and Other Assets Schedule 11665843 7348066 Sub-Total (A) 17694415 8105936 CURRENT LIABILITIES NL-17-Current 29449215 14925811 Liabilities Schedule PROVISIONS NL-18-Provisions 8868890 7184113 Schedule DEFERRED TAX LIABILITY 0 0 Sub-Total (B) 38318104 22109925 NET CURRENT ASSETS (C) = (A (20623689) (14003989) - B) MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) 0 0 DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT NL-19- Miscellaneous Expenditure Schedule TOTAL 19608318 16819709 Claims, other than against policies, not acknowledged as debts by the Company 0 0
FORM NL- 4 - PREMIUM SCHEDULE PREMIUM EARNED [NET] FOR THE QUARTER ENDED 30TH JUNE, 2013 Correspodning For the quarter Up to the quarter quarter of the preceeding year Up to the quarter of the preceding year Particulars 01.04.13-30.06.13 As on 30.06.2013 01.04.12-30.06.12 As on 30.06.2012 (Rs. '000) Premium from Direct Business written 3558347 3558347 1702102 1702102 Service Tax 0 0 0 0 Adjustment for change in reserve for 0 0 unexpired risks 0 0 Gross Earned Premium 0 0 0 0 Add: Premium on reinsurance accepted 0 0 0 0 Less : Premium on reinsurance ceded 1138359 1138359 544343 544343 Net Premium 2419988 2419988 1157759 1157759 Adjustment for change in reserve for unexpired risks (631114) (631114) 151064 151064 Premium Earned (Net) 1788874 1788874 1308823 1308823
FORM NL-5 - CLAIMS SCHEDULE CLAIM INCURRED [NET] FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars For the quarter Up to the quarter Correspodning quarter of the preceeding year Up to the quarter of the preceding year 01.04.13-30.06.13 As on 30.06.2013 01.04.12-30.06.12 As on 30.06.2012 (Rs. '000) (Rs. '000) (Rs. '000) (Rs. '000) Claims Paid - Direct 7243169 7243169 4950293 4950293 Add: Reinsurance Accepted 0 0 0 0 Less:Reinsurance Ceded 4175629 4175629 2720095 2720095 Net Claims paid 3067540 3067540 2230197 2230197 Add: Claims Outstanding at the end of the current year 34754113 34754113 17358765 17358765 Add: Reinsurance Accepted 0 0 0 0 Less: Reinsurance Ceded 18318611 18318611 7360021 7360021 Net Claims Outstanding at the end of Current year 16435502 16435502 9998745 9998745 Less :Claims Outstanding at the end of the previous of the year 39605068 39605068 21856196 21856196 Add: Reinsurance Accepted 0 0 0 0 Less: Reinsurance Ceded 22540290 22540290 10355830 10355830 Net Claims Outstanding at the end of the previous year 17064778 17064778 11500365 11500365 Gross Incurred Claims 2392214 2392214 452863 452863 Add :Re-insurance accepted to direct claims 0 0 0 0 Less :Re-insurance Ceded to claims paid (46050) (46050) (275714) (275714) Total Claims Incurred 2438264 2438264 728577 728577
FORM NL-6 COMMISSION SCHEDULE COMMiSSION FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars For the quarter Up to the quarter Correspodning quarter of the preceeding year Up to the quarter of the preceding year 01.04.13-30.06.13 As on 30.06.2013 01.04.12-30.06.12 As on 30.06.2012 (Rs. '000) Direct 1996 1996 7503 7503 Add: Re-insurance Accepted 0 0 0 0 Less: Commission on Re-insurance Ceded* 232842 232842 83299 83299 Net Commission (230846) (230846) (75797) (75797) Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below: Agents 0 0 0 0 Brokers 828 828 0 0 Corporate Agency 0 0 0 0 Referral 0 0 0 0 Micro Insurance Agents/NGO's etc 1114 1114 0 0 Others (Bank Service Charges to Banks, as per Scheme) 47 47 7503 7503 Reimbursement to GIPSA Companies (Coinsurance 0 Tie Up) 7 7 0 TOTAL 1996 1996 7503 7503
FORM NL-7 OPERATING EXPENSES SCHEDULE OPERATING EXPENSES RELATED TO INSURANCE BUSINESS FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars For the quarter Up to the quarter Correspodning quarter of the preceeding year Up to the quarter of the preceding year 01.04.13-30.06.13 As on 30.06.2013 01.04.12-30.06.12 As on 30.06.2012 (Rs. '000) 1 Employees' Remuneration & Welfare benefits 45438 45438 28454 28454 2 Travel, conveyance and vehicle running expenses 4311 4311 3223 3223 3 Training expenses 262 262 303 303 4 Rents, rates & taxes 11618 11618 7206 7206 5 Repairs 1618 1618 1204 1204 6 Printing & Stationery 764 764 574 574 7 Communication 961 961 840 840 8 Legal & Professional Charges 2105 2105 1853 1853 9 Auditor's Fees, Expenses etc (a) as auditor 0 0 0 0 (b) as adviser or in any other capacity, in respect of (i) Taxation matters 0 0 0 0 (ii) Insurance matters 0 0 0 0 (iii) Management services; and 0 0 0 0 (c) in any other capacity 0 0 0 0 10 Advertisement and Publicity 5926 5926 1546 1546 11 Research & Development Expenses 15 15 0 0 12 Fee & Subscription to Statutory Authorities 6095 6095 5012 5012 13 Interest & Bank Charges 65 65 5 5 14 Depreciation 18057 18057 10856 10856 15 Information Technology 18229 18229 19312 19312 16 Other 5165 5165 3140 3140 Total 120629 120629 83528 83528
FORM NL-8 - SHARE CAPITAL SCHEDULE SHARE CAPITAL FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 (Rs. 000) 1 Authorised Capital Equity Shares of Rs 10 each 15000000 15000000 2 Issued Capital Equity Shares of Rs.10 each 2000000 2000000 3 Subscribed Capital Equity Shares of Rs.10 each 2000000 2000000 4 Called-up Capital Equity Shares of Rs.10 each 2000000 2000000 Less : Calls unpaid 0 0 Add : Equity Shares forfeited (Amount originally paid up) 0 0 Less : Par Value of Equity Shares bought 0 0 back Less : Preliminary Expenses 0 0 Expenses including commission or 0 0 brokerage on Underwriting or subscription of shares 0 0 TOTAL 2000000 2000000
FORM NL-9 PATTERN OF SHAREHOLDING SCHEDULE Shareholder FOR THE QUARTER ENDED 30TH JUNE, 2013 [As certified by the Management] As at 30.06.2013 Number of Shares ('000) % of Holding Number of Shares ('000) As at 30.06.2012 % of Holding Promoters Indian General Insurance Corporation of India 70000 35% 70000 35% National Agriculture Bank for Rural Development National Insurance Company Ltd.& its nominee The New India Assurance Company Ltd. & its nominee 60000 30% 60000 30% 17500 8.75% 17500 8.75% 17500 8.75% 17500 8.75% The Oriental Insurance Company Ltd. 17500 8.75% 17500 8.75% United India Insurance Company Ltd. 17500 8.75% 17500 8.75% Foreign NIL NIL NIL NIL Others TOTAL 200000 100% 200000 100%
FORM NL-10 - RESERVES AND SURPLUS SCHEDULE RESERVES AND SURPLUS FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 1 Capital Reserve 0 0 2 Capital Redemption Reserve 0 0 3 Share Premium 0 0 4 General Reserve Opening Balance 17441133 13959014 Less:Charge on account of transitional provisions under Accounting Standard 15 0 0 Add: Profit transferred during the year 0 17441133 0 13959014 5 Catastrophe Reserve 0 0 0 6 Other Reserves 0 0 Balance of Profit in Profit & Loss Account 207366 860696 TOTAL 17648499 14819709
FORM NL-11 - BORROWINGS SCHEDULE BORROWINGS FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 (Rs. 000) 1 Debentures/ Bonds 0 0 2 Banks ( secured against Deposit) 0 0 3 Financial Institutions 0 0 4 Others (to be specified) 0 0 TOTAL 0 0 Note:-Re-grouping of figures: Temporary Advance against Fixed Deposit from banks has been regrouped under heading 10 (e) "Temporary advance against Fixed Deposit" in Schedule -13 (Current liabilities),which was previously shown under S No. 2 (Banks) in Schedule 7 (Borrowings).
FORM NL-12 - INVESTMENT SCHEDULE INVESTMENT FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 (Rs. 000) LONG TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury Bills 8052554 9716543 2 Other Approved Securities 4211457 2726753 3 Other Investments ( a) Shares (aa) Equity 271559 371627 (bb) Preference 0 0 ( b) Mutual Funds 0 0 (c) Derivative Instruments 0 0 (d) Debentures/ Bonds 5351661 799095 (e) Other Securities-Tier II Bonds 1598050 120000 (f) Subsidiaries 0 0 (g) Investment Properties-Real Estate 0 0 4 Investments in Infrastructure and Social Sector 4651425 4401223 5 Other than Approved Investments 16403 0 Sub-total (A) 24153110 18135241 SHORT TERM INVESTMENTS 1 Government securities and Government guaranteed bonds including Treasury Bills 580672.7033 41115 2 Other Approved Securities 0 576893 3 Other Investments (a) Shares (aa) Equity 0 0 (bb) Preference 0 0 (b) Mutual Funds 1505.902074 0 (c) Derivative Instruments 0 0 (d) Debentures/ Bonds 549007.3626 50000 (e) Other Securities (Commercial Papers) 14097830 11370322 (f) Subsidiaries 0 0 (g) Investment Properties-Real Estate 0 0 4 Investments in Infrastructure and Social Sector 340004.6792 417475 5 Other than Approved Investments 0 0 Sub-total (B) 15569021 12455805 TOTAL 39722131 30591046 Note:-Re-grouping of figures: Deposit with Reserve Bank of India (Persuant to section 7 of Insurance Act, 1938) from Schedule -12 and Fixed Deposit with banks from Schedule -11 have been regrouped under schedule 8 and 8A under heading " 'Government Securities and 'Govt. Guaranteed Bonds including Treasury Bills" (S No.1) & " Other Securities" (S No. 3(e)) respectively in accordance with IRDA Master Circular VER -01, October 12.
FORM NL-13 LOANS SCHEDULE LOANS FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 (Rs. 000) 1 SECURITY-WISE CLASSIFICATION Secured (a) On mortgage of property (aa) In India 0 0 (bb) Outside India 0 0 (b) On Shares, Bonds, Govt. Securities 0 0 (c) Others -Loan to staff 30811 12974 Unsecured 0 0 TOTAL 30811 12974 2 BORROWER-WISE CLASSIFICATION (a) Central and State Governments 0 0 (b) Banks and Financial Institutions 0 0 (c) Subsidiaries 0 0 (d) Industrial Undertakings 0 0 (e) Others (Loans to Staff) 30811 12974 TOTAL 30811 12974 3 PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard (aa) In India 30811 12974 (bb) Outside India 0 0 (b) Non-performing loans less provisions (aa) In India 0 0 (bb) Outside India 0 0 TOTAL 30811 12974 4 MATURITY-WISE CLASSIFICATION (a) Short Term 0 0 (b) Long Term 30811 12974 TOTAL 30811 12974
Particulars FORM NL-14 - FIXED ASSETS SCHEDULE As at 01.04.2013 FIXED ASSETS FOR THE PERIOD ENDING 30TH JUNE, 2013 Cost/Gross Block Depreciation Addition : durimg the year Less:Discar ded during the year As at 30.06.2013 As at 01.04.2013 For the current year On sale Upto date /adjustmen 30.06.2013 t As at 30.06.2013 Net Block Upto date 31.03.2013 Goodwill 0 0 0 0 0 0 0 0 Intangibles (Computer Software) 140181 2225 142406 54870 11536 66406 76000 85310 (Rs. 000) Land-Freehold 0 0 0 0 0 0 0 0 Leasehold Property 7162 0 7162 7162 0 7162 0 0 Buildings 360703 3037 363740 16550 4551 21102 342639 344153 Furniture & Fittings 12098 456 12553 7551 278 7829 4724 4546 Information Technology Equipment 121051 742 121792 83287 3884 87171 34621 38123 Vehicles 16813 3769 (791) 19791 6529 781 321 6989 12802 10286 Office Equipment 7898 109 8007 4158 146 4303 3704 3066 Electrical Equipment & Fittings 5372 120 5492 2488 109 2597 2895 3603 TOTAL (A) 671277 10458 (791) 680944 182595 21284 321 203559 477385 489086 Capital Work in progress Capital Work in progress - Hardware 0 0 0 0 0S Capital Work in progress - Software 1685 1685 0 0 1685 1685 TOTAL (B) 1685 0 0 1685 0 0 0 0 1685 1685 Grand Total (A)+(B) 672962 10458 (791) 682629 182595 21284 321 203559 479070 490771 PREVIOUS YEAR 320846 408042 55520 673368 123168 61141 1712 182597 490771 197678
FORM NL-15 - CASH AND BANK BALANCES SCHEDULE CASH AND BANK BALANCES FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 (Rs. 000) 1 Cash (including cheques, drafts and stamps) 32 174 2 Bank Balances (a) Deposit Accounts 0 0 (aa) Short-term (due within 12 months) 0 0 (bb) Others - Flexi Deposit 5839040 439259 (b) (i) Current Accounts 187951 317818 (ii) Others 1550 619 (c) Others : ( Remittances in Transit) 3 Money at Call and Short Notice (a) With Banks 0 0 (b) With other Institutions 0 0 4 Others TOTAL 6028573 757870 Note:- Re-grouping of figures : Fixed Deposit with banks has been regrouped under schedule 8 and 8A under heading " Other Securities"at S No.3(e) from Schedule -11 in accordance with IRDA Master Circular VER -01, October 12.
FORM NL-16 - ADVANCES AND OTHER ASSETS SCHEDULE ADVANCES AND OTHER ASSETS FOR THE PERIOD ENDING 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 (Rs. 000) ADVANCES 1 Reserve deposits with ceding companies 0 0 2 Application money for investments 0 0 3 Prepayments 22572 17492 4 Advances to Directors/Officers 4115 4421 5 Advance tax paid and taxes deducted at source 559093 0 (Net of provision for taxation) 6 Others: (a) Advance Rent paid 4635 0 (b) Sundry Advances 4311 297 TOTAL (A) 594726 22210 OTHER ASSETS 1(a) Income accrued on investments Accrued but not due 1660627 1313014 Accrued and due 8923 0 1(b) Income accrued on Flexi deposit 0 0 2 Outstanding Premiums 0 0 3 Agents Balances 0 0 4 Due from other entities carrying on insurance business(including reinsurers) 3326665 2151776 5 Due from subsidiaries/ holding 0 0 6 Others: a) Sundry Deposits 38250 47848 b) Advance against Capital Assets 17896 15943 c) Short Collection of Premium 130554 15133 d) Premium Receivable 0 0 e) Others (Adhoc payment to Govt. of India) 2000000 2000000 f) Government (Centre/States/Uts/Coffee Board) 3844695 1740313 g) Sundry Debtors 20626 23578 h) Cenvat Credit Receivable 22880 18251 TOTAL (B) 11071116 7325855 GRAND TOTAL (A+B) 11665843 7348066 Note:-Re-grouping of figures: Deposit with Reserve Bank of India (Persuant to section 7 of Insurance Act, 1938) has been regrouped under schedule 8 and 8A under heading " 'Government Securities and 'Govt. Guaranteed Bonds including Treasury Bills" (S No. 1) from Schedule -12 in accordance with IRDA Master Circular VER -01, October 12.
FORM NL-17 - CURRENT LIABILITIES SCHEDULE CURRENT LIABILITIES FOR THE PERIOD ENDING 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 1 Agents Balances 0 0 2 Balances due to other insurance companies 82821 0 3 Deposits held on re-insurance ceded 0 0 4 Premiums received in advance 0 0 5 Unallocated Premium 0 0 6 Sundry creditors a) Cheques issued to insureds, but not enchased 79300 60493 b) Sundry Creditors, other than (a) 135897 186869 7 Due to subsidiaries/ holding company 0 0 8 Claims Outstanding a) Claims settled but not paid 800577 503964 b) Claims outstanding, other than 8(a) 15634925 9494781 9 Due to Officers/ Directors 0 0 10 Others: (Rs. 000) a) Excess Collection of Premium 181843 90837 b) Expenses Payable 311500 236150 c) Earnest Money Deposit 865 2415 d) Government (Centre/States/UTs/Coffee Board) 8850187 2379002 e) Temporary Advance against Fixed Deposit 3371300 1971300 TOTAL 29449215 14925811 Note:- Re-grouping of figures: Temporary Advance against Fixed Deposit from banks has been regrouped under heading 10 (e) "Temporary advance against Fixed Deposit" in Schedule -13 (Current liabilities),which was previously shown under S No. 2 (Banks) in Schedule 7 (Borrowings).
FORM NL-18 - PROVISIONS SCHEDULE PROVISIONS FOR THE QUARTER ENDED 30TH JUNE, 2013 Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 1 Reserve for Unexpired Risk 8608045 6634447 2 For taxation (less advance tax and 0 64816 TDS) 3 For Proposed Dividends 0 250000 4 For Dividend Distribution Tax 0 40556 5 Others: (Rs. 000) Provision for Retirement Benefits 118395 91353 Provision for Doubtful Debts 47 47 Provision for Premium Defalcation 18733 18733 Provision on Standard Assets 94947 73640 Provision for Loyalty Discount 52 0 Provision for Outstanding Expenses 28671 10521 TOTAL 8868890 7184113
FORM NL-19 - MISCELLANEOUS EXPENDITURE SCHEDULE MISCELLANEOUS EXPENDITURE FOR THE PERIOD ENDING 30TH JUNE, 2013 (To the extent not written off or adjusted) Particulars Current Year 01.04.2013-30.06.2013 Previous Year 01.04.2012-30.06.2012 1 Discount Allowed in issue of shares/ debentures 2 Others : (i) Research & Development Expenses (Rs. 000) 0 0 0 0 (ii) Preliminary Expenses 0 0
FORM NL-21 - STATEMENT OF LIABILITIES Statement of Liabilities As at 30.06.13 As at 30.06.2012 (Rs. in Lakh) Particular Reserves for unexpired risks Reserve for Outstanding Claims IBNR Reserves Total Reserves Reserves for unexpired risks Reserve for Outstanding Claims IBNR Reserves Total Reserves 1 Fire 2 Marine a Marine Cargo b Marine Hull 3 Miscellaneous a Motor b Engineering c Aviation d Liabilities 4 Others a Health Insurance b Crop Insurance 86080.45 85376.42 78978.60 250435.47 66344.47 54239.60 45747.85 166331.92 5 Total Liabilities 86080.45 85376.42 78978.60 250435.47 66344.47 54239.60 45747.85 166331.92
FORM NL-22 GEOGRAPHICAL DISTRIBUTION OF BUSINESS GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE QUARTER ENDED 30TH JUNE, 2013 (Rs. in Lakh) Crop Insurance Grand Total STATES For the Quarter Upto the Quarter Correspodning quarter of the preceeding year Up to the quarter of the preceding year 01.04.13-30.06.13 As on 30.06.2012 01.04.12-30.06.12 As on 30.06.2012 Andhra Pradesh 1081.23 1081.23 2422.54 2422.54 Arunachal Pradesh 0.00 0.00 0.00 0.00 Assam 140.40 140.40 204.44 204.44 Bihar 54.28 54.28 601.49 601.49 Chhattisgarh 56.67 56.67 139.49 139.49 Goa 0.02 0.02 0.00 0.00 Gujarat 14320.48 14320.48 1206.64 1206.64 Haryana 212.32 212.32 313.30 313.30 Himachal Pradesh 87.32 87.32 92.47 92.47 Jammu & Kashmir 15.86 15.86 3.39 3.39 Jharkhand 25.78 25.78 56.51 56.51 Karnataka 104.06 104.06 82.30 82.30 Kerala 104.14 104.14 127.16 127.16 Madhya Pradesh 5931.07 5931.07 2338.88 2338.88 Maharasthra (309.54) (309.54) 40.38 40.38 Manipur 0.00 0.00 0.00 0.00 Meghalaya 17.89 17.89 7.40 7.40 Mizoram 0.00 0.00 0.00 0.00 Nagaland 0.00 0.00 0.00 0.00 Orissa 435.11 435.11 302.59 302.59 Punjab 0.00 0.00 0.00 0.00 Rajasthan 411.67 411.67 75.01 75.01 Sikkim 0.17 0.17 0.10 0.10 Tamil Nadu 718.53 718.53 678.47 678.47 Tripura 0.31 0.31 4.88 4.88 Uttar Pradesh 2985.39 2985.39 3479.68 3479.68 Uttrakhand 69.56 69.56 435.19 435.19 West Bengal 9116.21 9116.21 4403.69 4403.69 Andaman & Nicobar Is. 0.00 0.00 0.00 0.00 Chandigarh 0.00 0.00 0.00 0.00 Dadra & Nagra Haveli 0.00 0.00 0.00 0.00 Daman & Diu 0.00 0.00 0.00 0.00 Delhi 0.00 0.00 0.00 0.00 Lakshadweep 0.00 0.00 0.00 0.00 Puducherry 4.52 4.52 5.01 5.01 Total 35583.47 35583.47 17021.02 17021.02
FORM NL-23 - REINSURANCE RISK CONCENTRATION Registration No. 126 and Date of Registration with the IRDA: 30.10.2003 REINSURANCE RISK CONCENTRATION FOR THE QUATER ENDED 30TH JUNE, 2013 (Rs. in Lakh) Reinsurance Placements No. of reinsurers Premium ceded to reinsurers Proportional Non-Proportional Facultative Premium ceded to reinsurers / Total reinsurance premium ceded (%) 1 No. of Reinsurers with rating of AAA and above 0 0.00 0.00 0.00 2 No. of Reinsurers with rating AA but less than AAA 5 4609.69 18.03 40.65 3 No. of Reinsurers with rating A but less than AA 15 1918.96 6.57 NIL 16.92 4 No. of Reinsurers with rating BBB but less than A 2 66.02-0.01 0.58 5 No. of Reinsurres with rating less than BBB 0 0.00 0.00 0.00 6 No. of Indian Reinsurers 5 4764.33 0.00 41.85 Total 27 11359.00 24.59 100.00
FORM NL-24 - AGEING OF CLAIMS AGEING OF CLAIMS FOR THE PERIOD ENDING 30TH JUNE, 2013 LINE OF BUSINESS No. of Claims Paid 1 Month 1-3 Months 3-6 Months 6 Months - 1 Year > 1 Year Total No. of Claims Paid Total Amount of Claims Paid No. of Farmers No. of Farmers No. of Farmers No. of Farmers No. of Farmers No. of Farmers (Rs in Lakh) Crop Insurance 0 1873412 72017 88774 136978 2171181 72432.00
FORM NL-25 -CLAIM DATA FOR NON-LIFE Registration No. 126 and Date of Registration With the IRDA:30.10.2003 CLAIMS DATA FOR THE PERIOD ENDING 30TH JUNE, 2013 Claims Experience CROP INSURANCE No. of Claims (No. of Farmers) 1 CLAIMS O/S AT THE BEGINNING OF THE PERIOD 2 CLAIMS REPORTED DURING THE PERIOD 3 CLAIMS SETTLED DURING THE PERIOD 4 CLAIMS REPUDIATED DURING THE PERIOD 5 CLAIMS CLOSED DURING THE PERIOD 6 CLAIMS O/S AT END OF THE PERIOD LESS THAN 3 MONTHS 3 MONTHS TO 6 MONTHS 6 MONTHS TO 1 YEAR 1 YEAR AND ABOVE 7319593 1951630 2171181 59 774 7099209 4218259 2743365 55048 82537
FORM NL-26 - CLAIMS INFORMATION -KG TABLE I Required Solvency Margin Based on Net Premium and Net Incurred Claims as on 30.06.2013 PREMIUM CLAIM (Rs. in Lakh) Description Gross Premium Net Premium Gross incurred claim Net incurred Claim RSM-1 RSM-2 RSM 1 Fire 2 Marine Cargo 3 Marine Hull 4 Motor 5 Engineering 6 Aviation 7 Laibilities 8 Others-Crop Insurance 348304.45 172160.90 353611.47 161557.75 48762.62 74258.41 74258.41 9 Health Total 348304.45 172160.90 353611.47 161557.75 48762.62 74258.41 74258.41
FORM NL-27 - OFFICES INFORMATION FOR NON-LIFE OFFICES INFORMATION FOR NON-LIFE FOR THE PERIOD ENDING 30TH JUNE, 2013 Office Information Number 1 2 No. of offices at the beginning of the year 22 No. of branches approved during the year 0 3 4 No. of branches opened during the year Out of approvals of previous year Out of approvals of this year 0 0 5 6 No. of branches closed during the year 0 No of branches at the end of the year 22 7 No. of branches approved but not opend NA 8 No. of rural branches NA 9 No. of urban branches 22 The above figure includes 1 Head Office at Delhi and 17 Regional Office and 4 One Man Office
STATEMENT OF INVESTMENT ASSETS AS ON 30TH JUNE, 2013 (Rs. in Lakh) PARTICULARS SCH AMOUNT 1 Investments 8 239285.24 2 Loans 9 308.11 3 Fixed Assets 10 4790.70 4 Current Assets a. Cash & Bank Balance 11 217244.52 b. Advances & Other Assets 12 114978.39 5 Current Liabilities a. Current Liabilities 13 254247.55 b. Provisions 14 88688.89 c. Misc. Exp not Written Off 15 0.00 d. Debit Balance of P&L A/c Application of Funds as per Balance Sheet (A) 233670.52 Less: Other Assets 1 Loans (if any) 9 308.11 2 Fixed Assets (if any) 10 4790.70 3 Cash & Bank Balance (if any) 11 60285.72 4 Advances & Other Assets (if any) 12 114001.12 5 Current Liabilities 13 254247.55 6 Provisions 14 88688.89 7 Misc. Exp not Written Off 15 0.00 8 Debit Balance of P&L A/c TOTAL (B) (163550.79) 'Investment Assets' As per FORM 3B (A-B) 397221.31 FORM NL-28 STATEMENT OF ASSESTS-3B (Rs. in Lakh) 'Investment' represented as Reg. % SH Book Value (SH + PH % Balance FRSM + PH) Actual FVC Amount Total *Market Value (a) (b) (c) d = (b+c) (e) (d + e) 1 G. Sec. Not less than 20% 35448.03 50884.24 86332.27 21.69 86332.27 86365.09 2 G. Sec or Other Apporved Sec. (incl. (1) above) Not less than 30% 52740.27 75706.57 128446.84 32.27 128446.84 129967.13 3 Investment subject to Exposure Norms 1.'Housing & Loans to SG for Housing and FFE, Infrastructure Not less than Investments 15% 36231.06 52008.24 88239.30 22.17 88239.30 87807.73 2. Approved Investments Not exceeding 74309.27 106668.01 180977.28 45.46 (606.15) 180371.13 180707.35 3. Other Investments (not exceeding 25%) 55% 168.73 242.21 410.94 0.10 (246.90) 164.03 164.03 Total Investment Assets 100% 163449.33 234625.03 398074.37 100.00 (853.05) 397221.31 398646.24 *All securities are considered to be on the basis of 'Held to Maturity', hence only Book Value is given.
FORM NL-29 - DETAILS REGARDING DEBT SECURITIES DETAIL REGARDING DEBT SECURITIES FOR THE QUATER ENDING 30TH JUNE, 2013 MARKET VALUE* Book Value (Rs. in Lakh) As at 30.06.2013 as % of total for this class As at 30.06.2012 as % of total for this class As at 30.06.2013 as % of total for this class As at 30.06.2012 as % of total for this class Break down by credit rating AAA rated 228827.87 0.58 191212.79 0.63 225638.42 0.57 192438.70 0.63 AA or better 10553.15 0.03 4267.5 0.01 10767.50 0.03 4267.50 0.01 Rated below AA but above A Rated below A but above B Any other 156958.8 0.40 106398.4 0.35 156958.80 0.40 106398.40 0.35 BREAKDOWN BY RESIDUALMATURITY Up to 1 year 155649.09 0.39 125350.57 0.42 155743.01 0.4 125485.98 0.41 more than 1 yearand upto 3years 64940.76 0.16 50632.86 0.17 65037.69 0.17 51032.47 0.17 More than 3years and up to 7years 93627.67 0.24 70046.12 0.23 91121.06 0.23 69590.51 0.23 More than 7 years and up to 10 years 66800.85 0.17 44957.39 0.15 66015.46 0.17 45302.14 0.15 above 10 years 15321.45 0.04 10891.75 0.04 15447.50 0.04 11693.50 0.04 Breakdown by type of the issurer a. Central Government 86365.09 0.22 63931.19 0.21 86188.04 0.22 66268.11 0.22 b. State Government 43602.03 0.11 31707.67 0.11 42143.20 0.11 32096.91 0.11 c.corporate Securities 266372.7 0.67 206239.83 0.68 265033.48 0.67 204739.58 0.68 *All securities are considered to be on the basi of 'Held to Maturity', hence only Book Value is given. Note 1. In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification. 2. Market value of the securities will be in accordnace with the valuation method specified by the Authority under Accounting/ Investment regulations.
FORM NL-30 - ANALYTICAL RATIOS RegistRation No. 126 and Date of RegistRation with the IRDA: 30.10.2003 ANALYTICAL RATIOS FOR NON-LIFE COMPANIES AS ON 30TH JUNE, 2013 (Percentage / Ratio) Particular For the quarter up to the Quarter Correspodning quarter of the preceeding year up to the Quarter of the prceeding year 1 Gross Direct Premium Growth Rate 109.06% 109.06% 16.59% 16.59% 2 Gross Direct Premium to Net Worth Ratio (In times) 0.20 0.20 0.11 0.11 3 Growth Rate of Net Worth 19.09% 19.09% 46.73% 46.73% 4 Net Retention Ratio 68.01% 68.01% 68.02% 68.02% 5 'Net Commission Ratio -9.54% -9.54% -6.55% -6.55% 6 7 Expenses of Management to Gross Direct Premium Ratio Expense of Management to Net Written Premium Ratio: 3.45% 3.45% 5.35% 5.35% 5.07% 5.07% 7.86% 7.86% 8 Net Incurred Claims to Net Earned Premium 136.30% 136.30% 55.67% 55.67% 9 'Combined Ratio 131.75% 131.75% 56.33% 56.33% 10 'Technical Reserves to Net Premium Ratio (in Times) 10.35 10.35 14.37 14.37 11 Underwriting Balance Ratio (in Times) (0.30) (0.30) 0.44 0.44 12 Operating Profit Ratio -3.32% -3.32% 72.20% 72.20% 13 Liquid Assets to Liabilities Ratio 0.86 0.86 0.79 0.79 14 Net Earnings Ratio 8.57% 8.57% 74.34% 74.34% 15 Return on Net Worth 1.17% 1.17% 5.81% 5.81% 16 Available Solvency Margin Ratio to Required Solvency Margin Ratio 2.36 2.36 3.61 3.61 Gross NPA Ratio 0 0 0 0 Net NPA Ratio 0 0 0 0 Equity Holding Pattern for Non-Life Insurers 1 (a) No. of shares 200000000 200000000 200000000 200000000 2 (b) Percentage of shareholding (Indian / Foreign) 100 100 100 100 3 ( c) %of Government holding (in case of public sector insurance companies) 100% held by Govt. Corporation/Companies/Bank (a) Basic and diluted EPS before extraordinary 4 items (net of tax expense) for the period (not to be annualized) (b) Basic and diluted EPS after extraordinary items 5 (net of tax expense) for the period (not to be annualized) 6 (iv) Book value per share (Rs) 1.04 1.04 4.30 4.30 10 10 *Does not include Rs. 200 crore adhoc payment to Government of India.
FORM NL-31 - RELATED PARTY TRANSACTIONS Agiculture Insurance Company of India Limited RELATED PARTY TRANSACTIONS FOR THE QUATER ENDED 30TH JUNE, 2013 Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories (Rs. in Lakh) Consideration paid 1 General Insurance Corpn of India 4251.74 2 New India Assurance Co 510.21 3 National Insurance Co. Shareholders Reinsurance 510.21 4 Oriental Ins. Co. 510.21 5 United India Ins. Co. 510.21
FORM NL-32 - Products Information PRODUCTS INFORMATION FOR THE QUATER ENDING 30TH JUNE, 2013 List below the products and/or add-ons introduced during the period Name of Product Co. Ref. No. IRDA Ref.no. Class of Business* Category of product Date of filing of Product Date IRDA confirmed filing/ approval 1 Rubber Plantation Insurance * Letter Dt. 04.03.2013 IRDA/AIC/Rubber Plan/07-08 Dt. 08.02.2008 Misc. Crop Insurance Named peril / Traditional Insurance 04.03.2013 Filed with IRDA for Information & Records
FORM NL-33 - SOLVENCY MARGIN-KGII SOLVENCY FOR THE QUATER ENDED 30TH JUNE, 2013 AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO Description Notes No. (Rs. in lakh) Amount (1) (2) (3) (4) 1 Available Assets in Policyholders Funds (adjusted value 1 270631.71 of Assets as mentioned in Form IRDA-Assets-AA): Deduct: 2 Liabilities (reserves as mentioned in Form HG) 2 250435.47 3 Other Liabilities (other liabilities in respect of 2 1818.95 Policyholders Fund as mentioned in Balance Sheet) 4 Excess in Policyholders Funds (1-2-3) 18377.29 5 Available Assets in Shareholders Funds (value of 3 287554.89 Assets as mentioned in Form IRDA-Assets-AA): Deduct: 6 Other Liabilities (other liabilities in respect of 2 130926.63 Shareholders Fund as mentioned in Balance Sheet) 7 Excess in Shareholders Funds (5-6) 156628.26 8 Total Available Solvency Margin [ASM] (4+7) 175005.55 9 Total Required Solvency Margin [RSM] 74258.41 10 Solvency Ratio (Total ASM/Total RSM) 2.36
FORM NL-34 BOARD OF DIRECTORS & KEY PERSON FOR THE QUATER ENDING 30TH JUNE, 2013 Board of Directors and Key Person information Name of person Role/designation Board of Directors 1 Mr. P. J. Joseph Chairman-cum-Managing Director 2 Mr. R. K. Tiwari Director 3 Mr. Mukesh Khullar Director 4 Mr. K. N. Bhandari Director 5 Mr. Shashank Saksena Director 6 Mr. P K Bhagat Director 7 Mr. S. K. Chanana Director 8 Mr. Kuldip Singh Director 9 Prof. Gopal Naik Director 10 Mr. S. Ramabhadran Director 11 Mr. S. Surenther Director 12 Dr. R. N. Kulkarni Director 13 Dr. A. K. Bhutani Director 14 Mr. Arvind Kumar Director Key Persons 1 Mr. S. Chidambaram Appointed Actuary Details of change in the period No Change during the reported period of Financial Year 2013-14 Ceased to hold office w.e.f. 18.06.2013. No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 Ceased to hold office w.e.f. 18.06.2013. No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 No Change during the reported period of Financial Year 2013-14 Joined as Director w.e.f 18.06.2013. Joined as Director w.e.f 18.06.2013. No Change during the Financial Year 2013-14
FORM NL-35 - NON PERFORMING ASSETS-7A NON PERFORMING ASSETS-7A AS ON QUATER ENDED 30TH JUNE, 2013 COI Company Name Instrument Type % Interest Rate Has there been revision? Total O/s (Book Value) Default Principal (Book Value) Default Interest (Book Value) Principal Due from Interest Due from Deferred Principal Deferred Interest Rolled Over? Has there been any Principal Waiver? Amount Board Approval Ref Classification Provision (%) Provision (Rs) NIL
FORM NL-37 - DOWN GRADING OF INVESTMENT-2 Agriculture Insurance Company Of india Limited DOWN GRADING OF INVESTMENT STATEMENT AS ON QUATER ENDING 30TH JUNE, 2013 (Rs. in Lakh) Name of the Security COI Amount Date of Purchase Rating Agency Original Grade Current Grade Date of Downgrade Remarks A. During the Quarter ¹ NIL B. As on Date ²
FORM NL-38 - ANNUAL BUSINESS RETURNS ACROSS LINE OF BUSINESS Line of Business ANNUAL BUSINESS RETURNS ACROSS LINE OF BUSINESS FOR THE QUATER ENDED 30TH JUNE, 2013 (Rs. in Lakh) Current Quarter Same Quarter previous year upto the period same period of the previos year Premium No. of Policies Premium No. of Policies Premium No. of Policies Premium No. of Policies 0 0 0 0 0 0 0 0 1 Fire 0 0 0 0 0 0 0 0 2 Cargo & Hull 0 0 0 0 0 0 0 0 3 Motor TP 0 0 0 0 0 0 0 0 4 Motor OD 0 0 0 0 0 0 0 0 5 Engineering 0 0 0 0 0 0 0 0 6 Workmen's Compensation 0 0 0 0 0 0 0 0 7 Employer's Liability 0 0 0 0 0 0 0 0 8 Aviation 0 0 0 0 0 0 0 0 9 Personal Accident 0 0 0 0 0 0 0 0 10 Health 0 0 0 0 0 0 0 0 11 Others* Crop Insurance 35583.47 70997 17021.02 78681 35583.47 70997 17021.02 78681
Line of Business Particular 1 Fire 2 Cargo & Hull 3 Motor TP 4 Motor OD 5 Engineering 7 Employer's Liability FORM NL-39 - RURAL AND SOCIAL OBLIGATIONS RURAL AND SOCIAL OBLIGATIONS FOR THE QUATER ENDING 30TH JUNE, 2013 6 Workmen's Compensation 8 Aviation 9 Personal Accident 10 Health 11 Others*Crop Insurance No. of Policies Issued Premium Collected Sum Assured Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural Social Rural 70997 35583 1022249.15 Social * any other segment contributing more than 5% needs to be shown separatly Note-Entire AIC premium is Rural and Social (Rs. in lakh)
Channels FORM NL-40 - BUSINESS ACQUISITION THROUGH DIFFERENT CHENNELS Business Acquisition through different channels as on 30.06.2013 Same quarter Previous Same period of the Current Quarter Up to the period Year previous year No. of No. of No. of No. of Premium Premium Premium Premium Policies Policies Policies Policies (Rs. in Lakh) (Rs. in Lakh) (Rs. in Lakh) (Rs. in Lakh) 1 Individual agents 0 0.00 0 0 0 0 0 0 2 Corporate Agents-Banks 0 0.00 0 0 0 0 0 0 3 Corporate Agents -Others 0 0.00 0 0 0 0 0 0 4 Brokers 888 126.95 412 62.18 888 126.95 412 62.18 5 Micro Agents 1156 66.21 2 37.75 1156 66.21 2 37.75 6 Direct Business 635 55.47 1492 427.50 635 55.47 1492 427.50 Total (A) 2679 249 1906 527.430654 2679 249 1906 527.43 1 Referral (B) 0 0 0 0 0 0 0 0 2 Others 70130 35334.83 76466 16493.59 70130 35334.83 76466 16493.59 Total (B) 70130 35335 76466 16494 70130 35335 76466 16494 Grand Total (A+B) 70997 35583 78681 17021 70997 35583 78681 17021
FORM NL-41 - GRIEVANCE DISPOSAL GRIEVANCE DISPOSAL STATEMENT AS ON QUATER ENDED 30TH JUNE, 2013 Particulars Opening Balance as on being of the quarter Additions during the quarter Complaints Resolved/setteled during the quarter Fully Accepted Partial Accepted Rejected Complaints Pending at the end of the quarter Total Complaints registerd upto the quarter during the financial year 1 Complaints made by customers a) Death claims NIL NIL NIL NIL NIL NIL NIL b) Claim NIL 11 NIL NIL 11 NIL 11 c) Policy Related NIL NIL NIL NIL NIL NIL NIL d) premium NIL NIL NIL NIL NIL NIL NIL e) Refund NIL NIL NIL NIL NIL NIL NIL f) Coverage NIL NIL NIL NIL NIL NIL NIL g) Cover Note related NIL NIL NIL NIL NIL NIL NIL h) Products NIL NIL NIL NIL NIL NIL NIL i) others NIL NIL NIL NIL NIL NIL NIL Total Number NIL 11 NIL NIL 11 NIL 11 2 Total No. of Policies during Previous year NA 3 Total No. of Claims during Previous year NA 4 Total No. of Policies during Current year NA 5 Total No. of Claims during Current year NA 6 7 Total No. of Policy Complaints (current year) per 10,000/-policies (current year) NA Total No. of Claims Complaints (Current year ) per 10,000/-claims registered (current year) NA 8 Duration wise Pending Status Complaints made by the Customer Complaints made by intermediaries a) up to 7 days NIL NIL NIL b) 7-15 days NIL NIL NIL c) 15-30days NIL NIL NIL d) 30-90 days NIL NIL NIL e) 90 days & beyond NIL NIL NIL Total Total Number NIL NIL NIL