FORM NL-1-B-RA Name of the Insurer: TATA AIG GENERAL INSURANCE COMPANY IRDA Registration No. 108, dated January 22, 2001 REVENUE ACCOUNT FOR THE YEAR ENDED Particulars Schedule For the YEAR ENDED For the YEAR ENDED (Rs. in '000s) 1 Premium earned (Net) NL-4- Premium Schedule 2 Profit/ Loss on sale/redemption of Investments Fire Marine Miscellaneous Total Fire Marine Miscellaneous Total 3,37,441 23,19,275 2,14,17,685 2,40,74,401 2,67,675 22,58,259 1,81,45,741 2,06,71,675 37,693 36,993 5,10,302 5,84,988 29,552 37,577 4,27,651 4,94,780 3 Others 53,738 1,220 25,722 80,680 68,414 1,575 13,189 83,178 Co-insurance Administration income 4,053 2,166 9,543 15,762 5,798 2,564 6,966 15,328 Amortisation of Investments (6,736) (6,611) (91,191) (1,04,538) (2,642) (3,359) (38,230) (44,231) 4 Interest, Dividend & Rent Gross 1,57,074 1,54,158 21,26,521 24,37,753 1,11,117 1,41,288 16,07,987 18,60,392 TOTAL (A) 5,83,263 25,07,201 2,39,98,582 2,70,89,046 4,79,914 24,37,904 2,01,63,304 2,30,81,122 1 Claims Incurred (Net) NL-5- Claims Schedule 2 Commission NL-6- Commissi on Schedule 2,71,597 14,93,573 1,56,45,980 1,74,11,150 2,55,510 18,24,771 1,38,59,026 1,59,39,307 (6,05,213) 2,84,893 8,49,160 5,28,840 (5,46,403) 2,51,877 10,82,066 7,87,540 3 Operating Expenses related to Insurance Business NL-7- Operating Expenses Schedule 10,81,886 2,97,602 74,00,797 87,80,285 5,73,258 4,36,976 59,02,650 69,12,884 Contribution towards Solatium Fund - - 8,103 8,103 - - 5,267 5,267 4 Premium Deficiency - - - - - - - - Co-insurance Administration Fees 10,276 1,150 2,846 14,272 9,177 722 6,910 16,809 Motor pool Administration Fees - - 715 715 2,168 2,168 TOTAL (B) 7,58,546 20,77,218 2,39,07,601 2,67,43,365 2,91,542 25,14,346 2,08,58,087 2,36,63,975 Operating Profit/(Loss) from (1,75,283) 4,29,983 90,981 3,45,681 1,88,372 (76,442) (6,94,783) (5,82,853) Fire/Marine/Miscellaneous Business C= (A - B) APPROPRIATIONS Transfer to Shareholders Account (1,75,283) 4,29,983 90,981 3,45,681 1,88,372 (76,442) (6,94,783) (5,82,853) Transfer to Catastrophe Reserve Transfer to Other Reserves (to be specified) TOTAL (C) (1,75,283) 4,29,983 90,981 3,45,681 1,88,372 (76,442) (6,94,783) (5,82,853)
FORM NL-1-B-RA Name of the Insurer: TATA AIG GENERAL INSURANCE COMPANY IRDA Registration No. 108, dated January 22, 2001 REVENUE ACCOUNT FOR THE QUARTER ENDED Particulars Schedule Quarter Ended Quarter Ended (Rs. in '000s) 1 Premium earned (Net) NL-4- Premium Schedule 2 Profit/ Loss on sale/redemption of Investments Fire Marine Miscellaneous Total Fire Marine Miscellaneous Total 85,449 6,58,809 58,80,573 66,24,831 63,887 6,30,463 45,85,839 52,80,189 13,495 12,329 1,93,458 2,19,282 13,244 14,458 1,87,254 2,14,956 3 Others 9,548 282 9,519 19,349 25,935 489 (4,529) 21,895 Co-insurance Administration income 636 340 1,150 2,126 240 1,300 (228) 1,312 Amortisation of Investments (1,993) (1,776) (29,085) (32,854) (787) (729) (10,879) (12,395) 4 Interest, Dividend & Rent Gross 41,990 36,857 6,19,661 6,98,508 30,190 26,565 4,15,036 4,71,791 TOTAL (A) 1,49,125 7,06,841 66,75,276 75,31,242 1,32,709 6,72,546 51,72,493 59,77,748 1 Claims Incurred (Net) NL-5- Claims Schedule 2 Commission NL-6- Commissi on Schedule 1,02,251 3,04,959 42,07,420 46,14,630 59,803 4,03,902 40,53,120 45,16,825 (1,17,773) 61,074 2,95,788 2,39,089 (61,529) 54,287 3,21,800 3,14,558 3 Operating Expenses related to Insurance Business NL-7- Operating Expenses Schedule 4,76,641 (1,975) 20,35,301 25,09,967 1,22,396 1,07,445 16,41,816 18,71,657 Contribution towards Solatium Fund - - 2,587 2,587 - - 1,497 1,497 4 Premium Deficiency - - - - - - - - Co-insurance Administration Fees 2,258 109 147 2,514 2,986 79 1,149 4,214 Motor pool Administration Fees - - - - 2,168 2,168 TOTAL (B) 4,63,377 3,64,167 65,41,243 73,68,787 1,23,656 5,65,713 60,21,550 67,10,919 Operating Profit/(Loss) from (3,14,252) 3,42,674 1,34,033 1,62,455 9,053 1,06,833 (8,49,057) (7,33,171) Fire/Marine/Miscellaneous Business C= (A - B) APPROPRIATIONS Transfer to Shareholders Account (3,14,252) 3,42,674 1,34,033 1,62,455 9,053 1,06,833 (8,49,057) (7,33,171) Transfer to Catastrophe Reserve Transfer to Other Reserves (to be specified) TOTAL (C) (3,14,252) 3,42,674 1,34,033 1,62,455 9,053 1,06,833 (8,49,057) (7,33,171)
FORM NL-2-B-PL Name of the Insurer: TATA AIG GENERAL INSURANCE COMPANY IRDA Registration No. 108, dated January 22, 2001 PROFIT AND LOSS ACCOUNT FOR THE Year ENDED Particulars Schedule For the Year Ended Quarter Ended For the Year Ended Quarter Ended (Rs. 000) (Rs. 000) (Rs. 000) (Rs. 000) 1 OPERATING PROFIT/(LOSS) (a) Fire Insurance (1,75,283) (3,14,252) 1,88,372 9,053 (b) Marine Insurance 4,29,983 3,42,674 (76,442) 1,06,833 (c ) Miscellaneous Insurance 90,981 1,34,033 (6,94,783) (8,49,057) 2 INCOME FROM INVESTMENTS (a) Interest, Dividend & Rent Gross 8,11,447 1,76,600 7,27,682 2,01,348 (b) Profit on sale of investments 2,28,167 63,773 2,17,796 88,470 Less: Loss on sale of investments (33,444) (2,537) (24,265) (1,003) (c) Amortization of Debt Securities (34,797) (8,632) (17,301) (5,234) 3 OTHER INCOME (To be specified) Claims Service Fees 5,915 1,284 7,061 2,410 Miscellaneous 1,804 2,992 50,757 (273) TOTAL (A) 13,24,773 3,95,935 3,78,877 (4,47,453) 4 PROVISIONS (Other than taxation) (a) For diminution in the value of investments - - - - (b) For doubtful debts 49,879 1,252 10,297 10,154 5 OTHER EXPENSES (a) Expenses other than those related to Insurance Business Employee's remuneration 37,500 25,000 50,533 27,520 Donation 72-417 - CSR Expenditure 36,052 6,589 33,096 8,711 (Profit) / Loss on Sale / Write off of Fixed Assets (Net) 1,118 600 (1,734) (1,585) Miscalleneous - - - - (b) Bad debts written off - - - - (c) Wealth Tax - - - - (d) Directors Commission 6,000 6,000 2,000 2,000 (e) Interest On Non Convertible Debentures 4,570 4,570 - - (e) Debentures issue Expenses 2,800 2,800 - - (e) Penalties 2,500 2,500 - - TOTAL (B) 1,40,491 49,311 94,609 46,800 Profit Before Tax 11,84,282 3,46,624 2,84,268 (4,94,253) Provision for Taxation (a) Current tax 2,24,415 96,096 - (1,14,000) (b) Deferred tax (2,24,415) (96,096) 84,477 1,19,167 (c) Wealth Tax - - - - Profit / (Loss) After Tax 11,84,282 3,46,624 1,99,791 (4,99,420) APPROPRIATIONS (a) Interim dividends paid during the year - - - - (b) Proposed final dividend - - - - (c) Dividend distribution tax - - - - (d) Transfer to Debenture Redemption Reserve 4,45,000 4,45,000 - - (e) Transfer to any Reserves or Other Accounts (to - - be specified) - - - Contingency reserve for Unexpired Risks - - - - Balance of profit/ loss brought forward from prior period 33,46,472 41,84,130 31,46,681 38,45,892 Balance carried forward to Balance Sheet 40,85,754 40,85,754 33,46,472 33,46,472
FORM NL-3-B-BS Name of the Insurer: Tata AIG General Insurance Co. Ltd. IRDA Registration No. 108, dated January 22, 2001 BALANCE SHEET AS AT SOURCES OF FUNDS Schedule (Rs. 000) (Rs. 000) SHARE CAPITAL NL-8-Share Capital Schedule 63,25,000 63,25,000 SHARE APPLICATION MONEY PENDING ALLOTMENT - - RESERVES AND SURPLUS NL-10-Reserves and Surplus Schedule 55,06,991 43,22,709 FAIR VALUE CHANGE ACCOUNT-SHAREHOLDERS 1,36,460 (46,655) FAIR VALUE CHANGE ACCOUNT-POLICYHOLDERS 4,42,317 (1,27,865) BORROWINGS NL-11-Borrowings Schedule 17,80,000 - TOTAL 1,41,90,768 1,04,73,189 APPLICATION OF FUNDS INVESTMENTS-SHAREHOLDERS NL-12-Investment Schedule 97,17,098 77,90,292 INVESTMENTS-POLICYHOLDERS NL-12-Investment Schedule 3,87,94,271 2,90,53,745 LOANS NL-13-Loans Schedule - - FIXED ASSETS NL-14-Fixed Assets Schedule 10,92,095 9,80,812 DEFERRED TAX ASSET 2,24,415 - CURRENT ASSETS Cash and Bank Balances Advances and Other Assets NL-15-Cash and bank balance Schedule NL-16-Advances and Other Assets Schedule 23,41,356 11,62,601 66,96,563 44,59,100 Sub-Total (A) 90,37,919 56,21,701 CURRENT LIABILITIES NL-17-Current Liabilities Schedule 2,82,35,292 2,16,09,198 PROVISIONS NL-18-Provisions Schedule 1,64,39,738 1,13,64,163 Sub-Total (B) 4,46,75,030 3,29,73,361 NET CURRENT ASSETS (C) = (A - B) (3,56,37,111) (2,73,51,660) MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19-Miscellaneous Expenditure Schedule - - DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT - - TOTAL 1,41,90,768 1,04,73,189 - - CONTINGENT LIABILITIES Particulars (Rs. 000) (Rs. 000) 1 Partly paid-up investments - - 2 Claims, other than against policies, not acknowledged as debts by - - the company 3 Underwriting commitments outstanding (in respect of shares and - - securities) 4 Guarantees given by or on behalf of the Company - - 5 Statutory demands/ liabilities in dispute, not provided for 5,20,242 1,33,181 6 Reinsurance obligations to the extent not provided for in accounts - - 7 Others (Insurance Claims disputed by the company, to the extent not provided/reserved) 2,83,165 1,70,618 TOTAL 8,03,407 3,03,799
FORM NL-4-PREMIUM SCHEDULE PREMIUM EARNED [NET] TATA AIG GENERAL INSURANCE COMPANY (Rs. in '000s) Particulars FIRE MARINE MISCELLANEOUS For the Year Ended Motor-OD Motor-TP Motor Total Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Premium from direct business written 52,13,131 26,26,314 1,22,95,050 79,05,092 2,02,00,142 3,09,192 13,60,033 31,41,915 25,86,544 8,91,613 2,56,831 31,260 50,62,750 3,38,40,280 4,16,79,725 Service Tax - - - - - - - - - - - - - - - Adjustment for change in reserve for unexpired risks (10,54,071) 3,715 (22,08,018) (18,06,876) (40,14,894) (15,782) (20,703) (3,18,813) (11,129) (56,686) (37,340) (930) 1,26,942 (43,49,335) (53,99,691) Gross Earned Premium 41,59,060 26,30,029 1,00,87,032 60,98,216 1,61,85,248 2,93,410 13,39,330 28,23,102 25,75,415 8,34,927 2,19,491 30,330 51,89,692 2,94,90,945 3,62,80,034 Add: Premium on reinsurance accepted 8,74,259 82,063 - - - - - 11,818 2,45,910 78,988 - - 331 3,37,047 12,93,369 Less : Premium on reinsurance ceded 49,77,895 3,93,842 6,47,716 4,43,228 10,90,944 21,225 1,76,150 5,08,350 14,16,840 8,99,300 75,027 31,197 42,86,336 85,05,369 1,38,77,106 Net Premium 11,09,495 23,14,535 1,16,47,334 74,61,864 1,91,09,198 2,87,967 11,83,883 26,45,383 14,15,614 71,301 1,81,804 63 7,76,745 2,56,71,958 2,90,95,988 Adjustment for change in reserve for unexpired risks (7,72,054) 4,740 (20,97,634) (17,16,534) (38,14,168) (14,996) (31,114) (3,58,782) (40,536) (8,322) (27,407) (19) 41,071 (42,54,273) (50,21,587) Premium Earned (Net) 3,37,441 23,19,275 95,49,700 57,45,330 1,52,95,030 2,72,971 11,52,769 22,86,601 13,75,078 62,979 1,54,397 44 8,17,816 2,14,17,685 2,40,74,401 (Rs. in '000s) Particulars FIRE MARINE For the Year Ended MISCELLANEOUS Motor-OD Motor-TP Motor Total Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Premium from direct business written 38,49,420 26,54,326 89,74,706 51,38,908 1,41,13,614 2,68,272 12,92,116 26,91,895 24,87,911 7,90,111 1,83,300 21,314 12,33,316 2,30,81,849 2,95,85,595 Service Tax - - - - - - - - - - - - - Adjustment for change in reserve for unexpired risks (4,34,594) (36,752) (2,88,686) (2,92,062) (5,80,749) (29,805) 78,080 (1,12,512) (1,48,670) (27,695) (23,841) 1,435 83,588 (7,60,169) (12,31,516) Gross Earned Premium 34,14,826 26,17,574 86,86,020 48,46,846 1,35,32,865 2,38,467 13,70,196 25,79,383 23,39,241 7,62,416 1,59,459 22,749 13,16,904 2,23,21,680 2,83,54,079 Add: Premium on reinsurance accepted 9,10,235 51,841 - (864) (864) - - 1,32,196 1,97,374 70,958 - - 44 3,99,708 13,61,784 Less : Premium on reinsurance ceded 40,47,848 4,55,294 5,41,327 2,92,849 8,34,176 17,460 1,33,022 2,13,801 15,17,645 7,97,802 80,334 21,243 10,00,829 46,16,312 91,19,454 Net Premium 7,11,807 22,50,873 84,33,379 48,45,195 1,32,78,574 2,50,812 11,59,094 26,10,290 11,67,640 63,267 1,02,966 71 2,32,531 1,88,65,245 2,18,27,925 Adjustment for change in reserve for unexpired risks (4,44,132) 7,386 (2,71,894) (2,77,810) (5,49,704) (27,578) 74,060 (1,02,767) (1,42,067) 19 (7,420) (6) 35,959 (7,19,504) (11,56,250) Premium Earned (Net) 2,67,675 22,58,259 81,61,485 45,67,385 1,27,28,870 2,23,234 12,33,154 25,07,523 10,25,573 63,286 95,546 65 2,68,490 1,81,45,741 2,06,71,675 (Rs. in '000s) Particulars FIRE MARINE Quarter Ended MISCELLANEOUS Motor-OD Motor-TP Motor Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Premium from direct business written 10,22,354 5,97,474 37,95,796 25,23,181 63,18,977 79,129 3,07,008 8,01,767 4,63,834 1,69,317 57,880 5,190 1,03,781 83,06,883 99,26,711 Service Tax - - - - - - - - - - - - - Adjustment for change in reserve for unexpired risks (11,75,949) (2,43,469) (4,40,158) (6,19,050) (10,59,208) (17,248) (1,16,755) (2,27,205) (1,25,510) (1,33,979) (35,487) (4,078) (4,59,878) (21,79,348) (35,98,766) Gross Earned Premium (1,53,595) 3,54,005 33,55,638 19,04,131 52,59,769 61,881 1,90,253 5,74,562 3,38,324 35,338 22,393 1,112 (3,56,097) 61,27,535 63,27,945 Add: Premium on reinsurance accepted 2,60,646 4,513 - - - - - - 10,394 10,846 - - 328 21,568 2,86,727 Less : Premium on reinsurance ceded 9,41,745 1,00,146 1,99,034 1,40,252 3,39,286 6,438 38,608 1,16,531 2,38,596 1,65,682 12,216 5,162 47,708 9,70,227 20,12,118 Net Premium 3,41,255 5,01,841 35,96,762 23,82,929 59,79,691 72,691 2,68,400 6,85,236 2,35,632 14,481 45,664 28 56,401 73,58,224 82,01,320 Adjustment for change in reserve for unexpired risks (2,55,806) 1,56,968 (8,92,781) (6,64,900) (15,57,681) (2,397) 11,993 (1,11,658) 1,71,725 2,080 7,343 (16) 960 (14,77,651) (15,76,489) Premium Earned (Net) 85,449 6,58,809 27,03,981 17,18,029 44,22,010 70,294 2,80,393 5,73,578 4,07,357 16,561 53,007 12 57,361 58,80,573 66,24,831 (Rs. in '000s) Particulars FIRE MARINE Quarter Ended MISCELLANEOUS Motor-OD Motor-TP Motor Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Premium from direct business written 8,93,808 6,30,698 24,23,943 14,60,950 38,84,893 73,979 2,86,177 5,27,676 5,02,815 1,34,511 37,431 5,809 3,80,273 58,33,564 73,58,070 Service Tax - - - - - - - - - - - - - - - Adjustment for change in reserve for unexpired risks (6,24,833) 1,76,327 (21,05,817) (17,18,544) (38,24,361) 6,207 (34,691) (1,13,987) 2,40,958 57,677 (5,316) (4,342) 22,291 (36,55,564) (41,04,071) Gross Earned Premium 2,68,975 8,07,025 3,18,126 (2,57,594) 60,532 80,186 2,51,486 4,13,689 7,43,773 1,92,188 32,115 1,467 4,02,564 21,78,000 32,53,999 Add: Premium on reinsurance accepted 1,87,719 12,732 - (864) (864) - - - 3,565 17,992 - - 23 20,716 2,21,167 Less : Premium on reinsurance ceded 8,92,628 1,78,142 1,58,682 80,729 2,39,411 5,063 48,217 80,495 3,73,720 1,33,453 9,162 5,807 2,95,479 11,90,807 22,61,577 Net Premium 1,88,899 4,65,288 22,65,261 13,79,357 36,44,618 68,916 2,37,960 4,47,181 1,32,660 19,050 28,269 2 84,817 46,63,473 53,17,660 Adjustment for change in reserve for unexpired risks (1,25,012) 1,65,175 (1,77,169) (1,93,544) (3,70,713) (7,432) 52,062 97,015 1,27,394 4,085 4,655 10 15,290 (77,634) (37,471) Premium Earned (Net) 63,887 6,30,463 20,88,092 11,85,813 32,73,905 61,484 2,90,022 5,44,196 2,60,054 23,135 32,924 12 1,00,107 45,85,839 52,80,189
FORM NL-5 - CLAIMS SCHEDULE CLAIMS INCURRED [NET] TATA AIG GENERAL INSURANCE COMPANY (Rs. in '000s) Particulars FIRE MARINE MISCELLANEOUS For the Year Ended Motor-OD Motor-TP Motor Total Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Claims paid - Direct 24,39,212 18,07,887 70,20,364 24,93,178 95,13,542 82,816 7,10,307 14,52,234 2,54,645 7,17,418 1,31,342-25,29,855 1,53,92,159 1,96,39,258 Add Claims Outstanding at the end of the period 3,86,725 11,57,948 14,29,779 1,27,07,630 1,41,37,409 86,432 4,05,629 6,36,746 9,66,585 95,004 69,882 21 4,82,628 1,68,80,336 1,84,25,009 Less Claims Outstanding at the beginning of the year 3,45,969 12,07,963 12,76,252 95,23,826 1,08,00,078 85,502 5,28,604 6,87,192 6,14,787 70,580 48,650 15 83,280 1,29,18,688 1,44,72,620 Gross Incurred Claims 24,79,968 17,57,872 71,73,891 56,76,982 1,28,50,873 83,746 5,87,332 14,01,788 6,06,443 7,41,842 1,52,574 6 29,29,203 1,93,53,807 2,35,91,647 Add :Re-insurance accepted to direct claims 1,75,378 17,887 - - - - - 93,774 53,198 32,350 - - - 1,79,322 3,72,587 Less :Re-insurance Ceded to claims paid 23,83,749 2,82,186 4,19,606 3,00,331 7,19,937 4,313 43,180 72,296 1,81,833 7,00,468 72,546-20,92,576 38,87,149 65,53,084 Net Claims 2,71,597 14,93,573 67,54,285 53,76,651 1,21,30,936 79,433 5,44,152 14,23,266 4,77,808 73,724 80,028 6 8,36,627 1,56,45,980 1,74,11,150 (Rs. in '000s) Particulars FIRE MARINE MISCELLANEOUS For the Year Ended Motor-OD Motor-TP Motor Total Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Claims paid - Direct 20,40,684 21,24,845 63,97,936 18,02,714 82,00,650 54,801 7,02,167 17,36,357 3,94,935 2,01,881 1,63,291-20,08,809 1,34,62,891 1,76,28,420 Add Claims Outstanding at the end of the period 3,45,969 12,07,963 12,76,252 95,23,826 1,08,00,078 85,502 5,28,604 6,87,192 6,14,787 70,580 48,650 15 83,280 1,29,18,688 1,44,72,620 Less Claims Outstanding at the beginning of the year 2,85,710 12,09,317 10,65,545 66,35,186 77,00,731 83,284 5,31,261 6,39,919 5,37,223 80,696 35,320 5 1,00,474 97,08,913 1,12,03,940 Gross Incurred Claims 21,00,943 21,23,491 66,08,643 46,91,354 1,12,99,997 57,019 6,99,510 17,83,630 4,72,499 1,91,765 1,76,621 10 19,91,615 1,66,72,666 2,08,97,100 Add :Re-insurance accepted to direct claims 1,06,602 2,635 - (6,707) (6,707) - - 90,944 9,589 5,267 - - - 99,093 2,08,330 Less :Re-insurance Ceded to claims paid 19,52,035 3,01,355 3,73,413 2,62,490 6,35,903 3,040 38,016 83,048 1,43,187 1,86,674 1,36,910-16,85,955 29,12,733 51,66,123 Net Claims 2,55,510 18,24,771 62,35,230 44,22,157 1,06,57,387 53,979 6,61,494 17,91,526 3,38,901 10,358 39,711 10 3,05,660 1,38,59,026 1,59,39,307 (Rs. in '000s) Particulars FIRE MARINE Quarter Ended MISCELLANEOUS Motor-OD Motor-TP Motor Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Claims paid - Direct 8,75,416 6,01,697 19,32,697 8,73,930 28,06,627 26,594 2,01,500 3,97,642 1,41,155 4,03,995 2,895-16,21,818 56,02,226 70,79,339 Add Claims Outstanding at the end of the quarter 3,86,725 11,57,948 14,29,779 1,27,07,630 1,41,37,409 86,432 4,05,629 6,36,746 9,66,585 95,004 69,882 21 4,82,628 1,68,80,336 1,84,25,009 Less Claims Outstanding at the beginning of the quarter 3,80,195 13,92,338 13,87,552 1,19,54,150 1,33,41,702 78,547 5,14,983 6,73,502 8,81,459 1,09,704 36,347 20 5,65,590 1,62,01,854 1,79,74,387 Gross Incurred Claims 8,81,946 3,67,307 19,74,924 16,27,410 36,02,334 34,479 92,146 3,60,886 2,26,281 3,89,295 36,430 1 15,38,856 62,80,708 75,29,961 Add :Re-insurance accepted to direct claims 46,764 3,978 - - - - - - 432 7,579 - - - 8,011 58,753 Less :Re-insurance Ceded to claims paid 8,26,459 66,326 95,172 82,638 1,77,810 1,393 12,105 18,729 1,13,860 3,86,421 198-13,70,783 20,81,299 29,74,084 Net Claims 1,02,251 3,04,959 18,79,752 15,44,772 34,24,524 33,086 80,041 3,42,157 1,12,853 10,453 36,232 1 1,68,073 42,07,420 46,14,630 (Rs. in '000s) Particulars FIRE MARINE Quarter Ended MISCELLANEOUS Workmen's Personal Health Motor-OD Motor-TP Motor Liability Engineering Trade Credit Aviation Others Total Grand Total Compensation Accident Insurance Claims paid - Direct 8,28,417 5,89,215 19,93,013 6,24,282 26,17,294 15,867 1,93,439 5,51,224 1,39,564 42,885 123-7,57,784 43,18,180 57,35,812 Add Claims Outstanding at the end of the quarter 3,45,969 12,07,963 12,76,252 95,23,826 1,08,00,078 85,502 5,28,604 6,87,192 6,14,787 70,580 48,650 15 83,280 1,29,18,688 1,44,72,620 Less Claims Outstanding at the beginning of the quarter 3,62,078 13,21,155 13,80,121 86,78,518 1,00,58,639 85,388 5,25,761 7,53,925 5,11,701 83,772 28,974 13 92,395 1,21,40,568 1,38,23,801 Gross Incurred Claims 8,12,308 4,76,023 18,89,144 14,69,590 33,58,733 15,981 1,96,282 4,84,491 2,42,650 29,693 19,799 2 7,48,669 50,96,300 63,84,631 Add :Re-insurance accepted to direct claims 17,603 1,311 - (6,707) (6,707) - - - 2,660 23 - - - (4,024) 14,890 Less :Re-insurance Ceded to claims paid 7,70,108 73,432 1,56,379 85,804 2,42,183 850 10,750 25,019 54,911 39,183 6-6,66,254 10,39,156 18,82,696 Net Claims 59,803 4,03,902 17,32,765 13,77,079 31,09,843 15,131 1,85,532 4,59,472 1,90,399 (9,467) 19,793 2 82,415 40,53,120 45,16,825
FORM NL-6-COMMISSION SCHEDULE TATA AIG GENERAL INSURANCE COMPANY (Rs. in '000s) Particulars FIRE MARINE MISCELLANEOUS For the Year Ended Motor-OD Motor-TP Motor Total Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Commission Paid - Direct 3,21,632 3,39,213 9,57,935 1,250 9,59,185 28,087 1,17,468 2,53,783 3,32,150 58,828 30,625 1,218 68,950 18,50,294 25,11,139 Add: Reinsurance accepted 1,19,147 4,926 - - - (2) - 14 39,745 9,941 - - 71 49,769 1,73,842 Less : Reinsurance ceded 10,45,992 59,246 91,729 20,818 1,12,547 4,962 77,231 2,36,771 42,606 2,25,674 3,416 2,278 3,45,418 10,50,903 21,56,141 Net Commission (6,05,213) 2,84,893 8,66,206 (19,568) 8,46,638 23,123 40,237 17,026 3,29,289 (1,56,905) 27,209 (1,060) (2,76,397) 8,49,160 5,28,840 Break up of Gross Commission Agents 51,087 79,200 5,00,213 75 5,00,288 12,268 28,453 71,845 19,975 14,693 1,444-14,965 6,63,931 7,94,218 Brokers 1,72,152 2,56,267 3,93,560 1,175 3,94,735 13,512 45,249 35,172 3,11,765 42,179 29,181 1,016 44,469 9,17,278 13,45,697 Corporate Agents 98,393 3,746 64,162-64,162 2,307 43,766 1,46,766 410 1,956-202 9,516 2,69,085 3,71,224 Referral - - - - - - - - - - - - - - - 3,21,632 3,39,213 9,57,935 1,250 9,59,185 28,087 1,17,468 2,53,783 3,32,150 58,828 30,625 1,218 68,950 18,50,294 25,11,139 (Rs. in '000s) Particulars FIRE MARINE MISCELLANEOUS For the Year Ended Motor-OD Motor-TP Motor Total Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Commission Paid - Direct 2,30,019 3,05,844 7,05,174 752 7,05,926 24,480 1,08,783 1,81,730 3,19,405 50,309 17,997 761 70,953 14,80,344 20,16,207 Add: Reinsurance accepted 77,885 5,251 - - - 118-9,993 28,835 9,222 - - 247 48,415 1,31,551 Less : Reinsurance ceded 8,54,307 59,218 66,649 13,122 79,771 (7,552) 28,902 59,653 39,225 1,81,292 2,919 1,677 60,806 4,46,693 13,60,218 Net Commission (5,46,403) 2,51,877 6,38,525 (12,370) 6,26,155 32,150 79,881 1,32,070 3,09,015 (1,21,761) 15,078 (916) 10,394 10,82,066 7,87,540 Break up of Gross Commission Agents 75,584 6,846 58,752 32 58,784 3,227 35,156 95,398 1,184 1,603 - - 7,213 2,02,565 2,84,995 Brokers 25,545 68,305 4,11,310 63 4,11,373 8,974 29,101 60,337 17,215 11,074 631-27,471 5,66,176 6,60,026 Corporate Agents 1,28,890 2,30,693 2,35,112 657 2,35,769 12,279 44,526 25,995 3,01,006 37,632 17,366 761 36,269 7,11,603 10,71,186 Referral - - - - - - - - - - - - - - - 2,30,019 3,05,844 7,05,174 752 7,05,926 24,480 1,08,783 1,81,730 3,19,405 50,309 17,997 761 70,953 14,80,344 20,16,207 (Rs. in '000s) Particulars FIRE MARINE MISCELLANEOUS Quarter Ended Motor-OD Motor-TP Motor Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Commission Paid - Direct 78,228 73,981 3,00,498 550 3,01,048 7,346 29,549 72,472 64,345 15,215 8,299 569 20,479 5,19,322 6,71,531 Add: Reinsurance accepted 32,879 403 - - - (2) - - 3,299 1,262 - - 60 4,619 37,901 Less : Reinsurance ceded 2,28,880 13,310 27,956 7,290 35,247 3,233 18,515 90,730 7,120 46,594 434 840 25,440 2,28,153 4,70,343 Net Commission (1,17,773) 61,074 2,72,542 (6,740) 2,65,801 4,111 11,034 (18,258) 60,524 (30,117) 7,865 (271) (4,901) 2,95,788 2,39,089 Break up of Gross Commission Agents 11,961 24,354 1,60,555 (9) 1,60,546 3,522 6,387 18,625 6,547 4,277 147-4,238 2,04,289 2,40,604 Brokers 34,486 49,127 1,20,823 579 1,21,402 3,480 12,933 5,754 58,001 10,713 8,152 367 12,614 2,33,416 3,17,029 Corporate Agents 31,782 500 19,120 (20) 19,100 344 10,228 48,094 (203) 225-202 3,627 81,617 1,13,899 Referral - - - - - - - - - - - - - - - 78,229 73,981 3,00,498 550 3,01,048 7,346 29,548 72,473 64,345 15,215 8,299 569 20,479 5,19,322 6,71,532 (Rs. in '000s) Particulars FIRE MARINE MISCELLANEOUS Quarter Ended Motor-OD Motor-TP Motor Workmen's Personal Health Compensation Accident Insurance Liability Engineering Trade Credit Aviation Others Total Grand Total Commission Paid - Direct 60,798 70,927 1,95,821 195 1,96,016 6,873 26,369 44,541 63,460 10,791 4,682 631 17,736 3,71,099 5,02,824 Add: Reinsurance accepted 12,755 1,187 - - - - - - 5,844 2,527 - - 245 8,616 22,558 Less : Reinsurance ceded 1,35,082 17,827 17,427 4,174 21,601 (9,276) 20,235 47,394 9,706 36,379 372 982 (69,478) 57,915 2,10,824 Net Commission (61,529) 54,287 1,78,394 (3,979) 1,74,415 16,149 6,134 (2,853) 59,598 (23,061) 4,310 (351) 87,459 3,21,800 3,14,558 Break up of Gross Commission Agents 36,072 (28,682) (1,56,610) (12) (1,56,622) (2,076) 10,691 35,834 (6,899) (4,153) (458) - (1,497) (1,25,180) (1,17,790) Brokers (35,753) (74,699) 1,96,314 (189) 1,96,125 1,310 (628) 22,308 (1,43,527) (12,364) (8,267) (130) (5,484) 49,343 (61,109) Corporate Agents 60,479 1,74,308 1,56,117 396 1,56,513 7,639 16,306 (13,601) 2,13,886 27,308 13,407 761 24,717 4,46,936 6,81,723 Referral - - - - - - - - - - - - - - - 60,798 70,927 1,95,821 195 1,96,016 6,873 26,369 44,541 63,460 10,791 4,682 631 17,736 3,71,099 5,02,824
FORM NL-7-OPERATING EXPENSES SCHEDULE OPERATING EXPENSES RELATED TO INSURANCE BUSINESS TATA AIG GENERAL INSURANCE COMPANY FIRE MARINE MISCELLANEOUS FIRE MARINE Motor-OD Motor-TP Motor Total Workmen's Compensation Personal Accident Health Insurance (Rs. in '000s) For the Year Ended Liability Engineering Trade Credit Aviation Others Total Grand Total Employees remuneration and welfare benefits 2,55,629 70,319 7,82,899 5,03,455 12,86,354 20,793 65,365 2,08,946 65,351 36,257 9,646 725 55,259 17,48,696 20,74,644 Travel, conveyance and vehicle running expenses 16,792 4,619 51,427 33,071 84,498 1,366 4,294 13,725 4,293 2,382 634 48 3,630 1,14,870 1,36,281 Training expenses 11,842 3,258 36,269 23,323 59,592 963 3,028 9,680 3,027 1,680 447 34 2,560 81,011 96,111 Rents, rates and taxes 1,64,376 45,217 5,03,425 3,23,735 8,27,160 13,371 42,031 1,34,358 42,022 23,314 6,202 466 35,533 11,24,457 13,34,050 Repairs 7,945 2,186 24,334 15,648 39,982 646 2,032 6,494 2,031 1,127 300 23 1,718 54,353 64,484 Printing and Stationery 8,408 2,313 25,752 16,560 42,312 684 2,150 6,873 2,150 1,193 317 24 1,818 57,521 68,242 Communication 24,225 6,664 74,191 47,710 1,21,901 1,970 6,194 19,801 6,193 3,436 914 69 5,237 1,65,715 1,96,604 Legal and Professional charges 2,84,017 78,127 8,69,840 5,59,363 14,29,203 23,103 72,624 2,32,150 72,608 40,283 10,717 806 61,396 19,42,890 23,05,034 Auditors' fees, expenses etc. a) as auditors 907 250 2,778 1,787 4,565 74 232 741 232 129 34 3 196 6,206 7,363 b) as advisor or in any other capacity, in respect of : - - - - - - - - - - - - - - - (i) Taxation matters - - - - - - - - - - - - - - - (ii) Insurance matters - - - - - - - - - - - - - - - (iii) Management services - - - - - - - - - - - - - - - c) in any other capacity and - - - - - - - - - - - - - - - d) out of pocket expenses - - - - - - - - - - - - - - - Advertisement and publicity 2,02,743 55,771 6,20,928 3,99,297 10,20,225 16,492 51,842 1,65,718 51,831 28,756 7,650 575 43,827 13,86,916 16,45,430 Interest and Bank Charges 5,435 1,495 16,646 10,704 27,350 442 1,390 4,443 1,389 771 205 15 1,175 37,180 44,110 Others: Information Technology Expenses 22,314 6,138 68,340 43,947 1,12,287 1,815 5,706 18,239 5,705 3,165 842 63 4,824 1,52,646 1,81,098 Miscellaneous Expenses 40,728 11,204 1,24,725 80,214 2,04,939 3,313 10,414 33,291 10,412 5,777 1,537 116 8,804 2,78,603 3,30,535 Depreciation/ Amortisation 22,084 6,075 67,635 43,494 1,11,129 1,796 5,647 18,051 5,646 3,132 833 63 4,774 1,51,071 1,79,230 Service Tax Account 14,425 3,968 44,178 28,409 72,587 1,173 3,688 11,791 3,688 2,046 544 41 3,118 98,676 1,17,069 Total 10,81,870 2,97,604 33,13,367 21,30,717 54,44,084 88,001 2,76,637 8,84,301 2,76,578 1,53,448 40,822 3,071 2,33,869 74,00,811 87,80,285 FIRE MARINE MISCELLANEOUS FIRE MARINE Motor-OD Motor-TP Motor Workmen's Compensation Personal Accident Health Insurance (Rs. in '000s) Quarter Ended Liability Engineering Trade Credit Aviation Others Total Grand Total Employees remuneration and welfare benefits 51,235 (69,363) 3,97,670 2,53,300 6,50,970 1,174 (53,347) (11,090) (89,644) 25,194 (5,741) 651 2,222 5,20,389 5,02,261 Travel, conveyance and vehicle running expenses 2,214 (1,213) 27,720 17,694 45,414 419 (1,957) 2,185 (1,632) 1,733 (58) 43 63 46,210 47,211 Training expenses 3,546 (3,039) 8,503 5,183 13,686 (42) (1,121) 2,556 (1,918) 1,207 159 32 360 14,919 15,426 Rents, rates and taxes 1,19,758 10,379 95,264 58,243 1,53,507 9,294 (7,471) 41,570 19,156 20,992 4,323 457 25,209 2,67,037 3,97,174 Repairs 4,871 (2,000) 10,854 6,877 17,731 141 (1,430) 341 (2,409) 914 (190) 22 195 15,315 18,186 Printing and Stationery 4,509 (823) 10,296 6,523 16,819 23 (3,113) (2,445) (931) 933 56 24 (1,263) 10,103 13,789 Communication 13,762 (1,972) 33,073 20,992 54,065 737 (7,689) (435) (2,880) 2,875 32 66 (804) 45,967 57,757 Legal and Professional charges 2,10,015 27,154 1,64,243 1,00,299 2,64,542 16,180 (14,499) 47,146 44,395 36,521 8,162 799 8,469 4,11,715 6,48,884 Auditors' fees, expenses etc. - - - - - - - - - - - - - - - a) as auditors 671 (279) 1,917 1,227 3,144 14 (178) (90) (296) 100 (10) 3 4 2,691 3,083 b) as advisor or in any other capacity, in respect of : - - - - - - - - - - - - - - - (i) Taxation matters - - - - - - - - - - - - - - - (ii) Insurance matters - - - - - - - - - - - - - - - (iii) Management services - - - - - - - - - - - - - - - c) in any other capacity and (78) (175) (284) (185) (469) (20) (136) (274) (174) (10) (14) - (64) (1,161) (1,414) d) out of pocket expenses - - - - - - - - - - - - - - - Advertisement and publicity 12,084 46,342 2,77,272 1,75,792 4,53,064 9,107 (44,996) (64,358) 47,501 26,249 7,546 575 35,479 4,70,167 5,28,593 Interest and Bank Charges 3,685 (2,424) 10,279 6,483 16,762 - (1,711) (1,705) (2,521) 556 (120) 15 (250) 11,026 12,287 Others: - - - - - - - - - - - - - - - Information Technology Expenses 16,166 (5,905) 31,238 19,815 51,053 454 (4,650) (1,009) (6,334) 2,705 (308) 63 1,682 43,656 53,917 Miscellaneous Expenses 28,758 6,476 48,279 30,482 78,761 1,832 (8,561) (4,895) 6,471 5,243 1,059 115 6,126 86,151 1,21,385 Depreciation/ Amortisation 12,387 (5,856) 30,609 19,399 50,008 310 (4,306) 1,269 (7,198) 2,478 (669) 60 40 41,992 48,523 Service Tax Account (6,942) 723 33,429 21,419 54,848 520 (1,855) 5,244 (7,058) 1,363 (101) 42 (3,879) 49,124 42,905 Total 4,76,641 (1,975) 11,80,362 7,43,543 19,23,905 40,143 (1,57,020) 14,010 (5,472) 1,29,053 14,126 2,967 73,589 20,35,301 25,09,967
FORM NL-7-OPERATING EXPENSES SCHEDULE OPERATING EXPENSES RELATED TO INSURANCE BUSINESS TATA AIG GENERAL INSURANCE COMPANY FIRE MARINE FIRE MARINE Motor-OD Motor-TP Motor Total Workmen's Compensation Personal Accident MISCELLANEOUS Health Insurance (Rs. in '000s) For the Year Ended Liability Engineering Trade Credit Aviation Others Total Grand Total Employees remuneration and welfare benefits 2,14,679 1,98,630 4,91,609 2,81,498 7,73,107 25,481 1,40,589 2,93,275 1,86,918 13,854 15,136 26 30,319 14,78,705 18,92,014 Travel, conveyance and vehicle running expenses 20,007 9,185 30,995 17,748 48,743 1,206 8,255 17,321 8,611 1,054 876 2 2,137 88,205 1,17,397 Training expenses 5,614 5,772 18,043 10,332 28,375 628 3,504 8,198 5,381 325 458-683 47,552 58,938 Rents, rates and taxes 60,897 61,044 4,57,983 2,62,246 7,20,229 7,650 64,851 1,37,079 34,179 2,537 1,933 5 6,472 9,74,935 10,96,876 Repairs 3,529 6,338 19,528 11,182 30,710 739 4,297 9,007 5,901 294 408-742 52,098 61,965 Printing and Stationery 3,516 3,967 26,774 15,331 42,105 1,199 6,563 14,844 3,335 264 238-2,594 71,142 78,625 Communication 12,325 15,199 58,119 33,279 91,398 2,086 16,471 27,985 13,283 810 1,047 1 3,765 1,56,846 1,84,370 Legal and Professional charges 64,850 67,798 7,28,475 4,17,132 11,45,607 16,496 98,390 2,18,411 39,160 4,171 37 5 20,553 15,42,830 16,75,478 Auditors' fees, expenses etc. a) as auditors 248 666 1,049 601 1,650 71 519 1,135 607 36 38-30 4,086 5,000 b) as advisor or in any other capacity, in respect of : - - - - - - - - - - - - - - - (i) Taxation matters - - - - - - - - - - - - - - - (ii) Insurance matters - - - - - - - - - - - - - - - (iii) Management services - - - - - - - - - - - - - - - c) in any other capacity and 136 366 578 331 909 39 285 623 334 20 21-17 2,248 2,750 d) out of pocket expenses 8 20 32 18 50 2 16 34 18 1 1-1 123 151 Advertisement and publicity 1,38,220 15,323 2,85,242 1,63,333 4,48,575 19,166 94,901 2,19,703 6,407 1,682 119-5,496 7,96,049 9,49,592 Interest and Bank Charges 1,728 4,650 7,329 4,197 11,526 495 3,732 7,905 4,240 254 266-211 28,629 35,007 Others: - - Information Technology Expenses 9,582 16,710 64,907 37,157 1,02,064 1,932 16,607 29,043 15,696 754 884-5,178 1,72,158 1,98,450 Miscellaneous Expenses 24,328 11,305 1,13,881 65,211 1,79,092 1,574 41,482 (15,553) 15,156 1,093 101-19,017 2,41,962 2,77,595 Depreciation/ Amortisation 11,862 17,270 52,557 30,095 82,652 2,109 13,068 27,811 16,373 941 1,333 1 3,057 1,47,345 1,76,477 Service Tax Account 1,729 2,733 10,538 5,139 15,677 408 1,012 19,943 2,689 157 3,139-54,712 97,737 1,02,199 Total 5,73,258 4,36,976 23,67,639 13,54,830 37,22,469 81,281 5,14,542 10,16,764 3,58,288 28,247 26,035 40 1,54,984 59,02,650 69,12,884 FIRE MARINE MISCELLANEOUS FIRE MARINE Motor-OD Motor-TP Motor Workmen's Compensation Personal Accident Health Insurance (Rs. in '000s) Quarter Ended Liability Engineering Trade Credit Aviation Others Total Grand Total Employees remuneration and welfare benefits 53,813 43,306 1,21,951 73,926 1,95,877 6,920 32,274 57,658 35,276 3,178 3,556 6 8,468 3,43,213 4,40,332 Travel, conveyance and vehicle running expenses 5,519 2,372 8,891 5,336 14,227 384 2,149 3,747 1,940 285 264 1 846 23,843 31,734 Training expenses 2,425 1,734 6,742 3,986 10,728 192 1,092 1,754 1,229 117 109-194 15,415 19,574 Rents, rates and taxes 14,699 14,913 1,41,367 84,447 2,25,814 2,519 15,847 27,818 8,902 849 702 1 2,249 2,84,701 3,14,313 Repairs 693 1,375 5,094 3,077 8,171 186 1,061 1,934 1,044 61 83-173 12,713 14,781 Printing and Stationery 642 626 6,335 3,853 10,188 357 1,727 3,966 359 45 37-775 17,454 18,722 Communication 3,733 3,508 16,091 9,678 25,769 685 5,404 6,867 2,589 218 274-1,616 43,422 50,663 Legal and Professional charges 17,669 18,220 2,21,150 1,32,239 3,53,389 5,388 6,610 29,204 10,232 1,103 (498) 2 5,608 4,11,038 4,46,927 Auditors' fees, expenses etc. - - - - - - - - - - - - - - - a) as auditors 57 121 182 114 296 17 104 181 85 8 8-12 711 889 b) as advisor or in any other capacity, in respect of : - - - - - - - - - - - - - - - (i) Taxation matters - - - - - - - - - - - - - - - (ii) Insurance matters - - - - - - - - - - - - - - - (iii) Management services - - - - - - - - - - - - - - - c) in any other capacity and 106 280 441 254 695 30 219 472 251 16 16-14 1,713 2,099 d) out of pocket expenses 4 8 13 8 21 1 7 14 7 - - - 1 51 63 Advertisement and publicity 3,933 3,087 86,769 51,877 1,38,646 5,132 47,853 1,11,921 1,891 345 90-1,397 3,07,275 3,14,295 Interest and Bank Charges 497 1,131 1,730 1,053 2,783 146 974 1,761 869 73 71-97 6,774 8,402 Others: - - - - - - - - - - - - - - - Information Technology Expenses 2,454 3,743 15,989 9,695 25,684 531 4,824 7,544 2,973 183 219-1,315 43,273 49,470 Miscellaneous Expenses 13,259 7,893 16,682 10,627 27,310 824 22,526 (20,590) 1,860 181 (64) - 6,612 38,659 59,811 Depreciation/ Amortisation 3,235 3,982 13,153 7,967 21,120 597 3,044 5,542 3,291 237 357-682 34,870 42,087 Service Tax Account 859 1,538 6,019 2,601 8,620 222 2,792 18,452 982 66 2,633-26,477 60,244 62,641 Total 1,22,396 1,07,445 6,66,888 3,99,777 10,66,666 24,106 1,48,232 2,58,010 73,516 6,936 7,830 10 56,510 16,41,816 18,71,657
TATA AIG GENERAL INSURANCE COMPANY FORM NL-8-SHARE CAPITAL SCHEDULE SHARE CAPITAL Particulars (Rs. 000). (Rs. 000). 1 Authorised Capital 1 750,000,000 (Previous Year : 750,000,000) 75,00,000 75,00,000 Equity Shares of Rs.10 each 2 Issued Capital 632,500,000 (Previous Year : 505,000,000) 63,25,000 63,25,000 Equity Shares of Rs.10 each 3 Subscribed Capital 632,500,000 (Previous Year : 505,000,000) 63,25,000 63,25,000 Equity Shares of Rs.10 each 4 Called-up Capital 632,500,000 (Previous Year : 505,000,000) 63,25,000 63,25,000 Equity Shares of Rs.10 each Less : Calls unpaid - - Add : Equity Shares forfeited (Amount originally - - paid up) Less : Par Value of Equity Shares bought back - - Less : Preliminary Expenses - - Expenses including commission or brokerage on Underwriting or subscription of shares TOTAL 63,25,000 63,25,000
TATA AIG GENERAL INSURANCE COMPANY FORM NL-9-PATTERN OF SHAREHOLDING SCHEDULE SHARE CAPITAL PATTERN OF SHAREHOLDING [As certified by the Management] Shareholder Number of Shares % of Holding Number of Shares % of Holding Promoters Indian - Tata Sons Limited 46,80,50,000 74% 46,80,50,000 74% Foreign - AIG MEA Investments and Services Inc. (Formerly Chartis Memsa Holding Inc.) 16,44,50,000 26% 16,44,50,000 26% Others - - - - TOTAL 63,25,00,000 100% 63,25,00,000 100%
TATA AIG GENERAL INSURANCE COMPANY FORM NL-10-RESERVE AND SURPLUS SCHEDULE RESERVES AND SURPLUS Particulars (Rs. 000). (Rs. 000). 1 Capital Reserve - - 2 Capital Redemption Reserve - - 3 Securities Premium 8,25,000 8,25,000 4 General Reserves 1,51,237 1,51,237 Less: Debit balance in Profit and Loss Account - - Less: Amount utilized for Buy-back - - 5 Catastrophe Reserve - - 6 Other Reserves (to be specified) 4,45,000-7 Balance of Profit in Profit & Loss Account 40,85,754 33,46,472 TOTAL 55,06,991 43,22,709
TATA AIG GENERAL INSURANCE COMPANY FORM NL-11-BORROWINGS SCHEDULE BORROWINGS Particulars (Rs. 000). (Rs. 000). 1 Debentures/ Bonds 17,80,000-2 Banks - - 3 Financial Institutions - - 4 Others (to be specified) - - TOTAL 17,80,000 -
TATA AIG GENERAL INSURANCE COMPANY FORM NL-12-INVESTMENT SCHEDULE- SHAREHOLDERS Investments Particulars (Rs. 000). (Rs. 000). LONG TERM INVESTMENTS 1 Government securities and Government 28,26,480 28,98,322 guaranteed bonds including Treasury Bills 2 Other Approved Securities 3 Other Investments (a) Shares (aa) Equity 9,08,126 6,00,488 (bb) Preference ( b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds 14,09,307 3,80,939 (e) Other Securities (FD) 1,10,663 - (f) Subsidiaries (g) Investment Properties-Real Estate 4 Investments in Infrastructure and Social Sector 32,65,103 24,46,638 5 Other than Approved Investments (a) Shares : Equity 27,869 - SHORT TERM INVESTMENTS 1 Government securities and Government 2,87,846 2,86,311 guaranteed bonds including Treasury Bills 2 Other Approved Securities 3 Other Investments (a) Shares (i) Equity (ii) Preference - - (b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds 4,24,194 63,473 (e) Other Securities (Reverse Repo) 2,65,999 5,70,872 (f) Subsidiaries (g) Investment Properties-Real Estate - - 4 Investments in Infrastructure and Social Sector 1,91,511 5,43,249 5 Other than Approved Investments TOTAL 97,17,098 77,90,292 48511372 36844037
TATA AIG GENERAL INSURANCE COMPANY FORM NL-12-INVESTMENT SCHEDULE- POLICYHOLDERS Investments Particulars (Rs. 000). (Rs. 000). LONG TERM INVESTMENTS 1 Government securities and Government 1,12,05,969 1,08,09,241 guaranteed bonds including Treasury Bills 2 Other Approved Securities - - 3 Other Investments (a) Shares (aa) Equity 36,00,389 22,39,510 (bb) Preference ( b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds 55,87,392 14,20,704 (e) Other Securities (FD) 4,38,737 - (f) Subsidiaries (g) Investment Properties-Real Estate 4 Investments in Infrastructure and Social Sector 1,29,44,948 91,24,692 5 Other than Approved Investments (a) Shares : Equity 1,10,491 - SHORT TERM INVESTMENTS 1 Government securities and Government 11,41,205 10,67,787 guaranteed bonds including Treasury Bills 2 Other Approved Securities 3 Other Investments (a) Shares (i) Equity - - (ii) Preference - - (b) Mutual Funds - - (c) Derivative Instruments - - (d) Debentures/ Bonds 16,81,776 2,36,721 (e) Other Securities (Reverse Repo) 13,24,091 21,29,053 (f) Subsidiaries (g) Investment Properties-Real Estate - - 4 Investments in Infrastructure and Social Sector 7,59,273 20,26,037 5 Other than Approved Investments TOTAL 3,87,94,271 2,90,53,745
TATA AIG GENERAL INSURANCE COMPANY FORM NL-13-LOANS SCHEDULE LOANS Particulars (Rs. 000). (Rs. 000). 1 SECURITY-WISE CLASSIFICATION Secured (a) On mortgage of property - - (aa) In India - - (bb) Outside India - - (b) On Shares, Bonds, Govt. Securities - - (c) Others (to be specified) - - Unsecured - - TOTAL - - 2 BORROWER-WISE CLASSIFICATION (a) Central and State Governments - - (b) Banks and Financial Institutions - - (c) Subsidiaries - - (d) Industrial Undertakings - - (e) Others (to be specified) - - TOTAL - - 3 PERFORMANCE-WISE CLASSIFICATION (a) Loans classified as standard (aa) In India - - (bb) Outside India - - (b) Non-performing loans less provisions (aa) In India - - (bb) Outside India - - TOTAL - - 4 MATURITY-WISE CLASSIFICATION (a) Short Term - - (b) Long Term - - TOTAL - -
FORM NL-14-FIXED ASSETS SCHEDULE TATA AIG GENERAL INSURANCE COMPANY FIXED ASSETS (Rs. 000) Particulars Cost/ Gross Block Depreciation Net Block Opening Additions/ Adjustments Deductions/Ad justments Closing Up to Last Year For The Period On Sales/ Adjustments To Date Goodwill - - - - - - - - - - Intangibles (software) 7,34,021 99,022-8,33,043 5,43,087 66,322-6,09,409 2,23,634 1,90,934 Land-Freehold - - - - - - - - - - Leasehold Improvements 2,69,866 15,330 6,473 2,78,723 2,03,444 24,871 5,048 2,23,267 55,456 66,422 Buildings 5,28,498 - - 5,28,498 27,165 8,808-35,973 4,92,525 5,01,333 Freehold Improvements 57,913 50-57,963 22,323 5,087-27,410 30,553 35,590 Furniture & Fittings 86,381 5,525 4,767 87,139 76,799 6,165 4,750 78,214 8,925 9,582 Information Technology 5,72,140 98,559 80,515 5,90,184 4,51,089 51,071 80,299 4,21,861 1,68,323 1,21,051 Equipment Vehicles 20,637-1,451 19,186 8,758 4,183 1,320 11,621 7,565 11,879 Office Equipment 1,61,331 7,633 3,769 1,65,195 1,29,631 12,722 3,498 1,38,855 26,340 31,700 Others (Specify nature) - - - - - - - - - - TOTAL 24,30,787 2,26,119 96,975 25,59,931 14,62,296 1,79,229 94,915 15,46,610 10,13,321 9,68,491 Work in progress - - - - - - - - 78,774 12,321 Grand Total 24,30,787 2,26,119 96,975 25,59,931 14,62,296 1,79,229 94,915 15,46,610 10,92,095 9,80,812 PREVIOUS YEAR 22,42,013 2,09,727 20,953 24,30,787 13,05,197 1,76,477 19,378 14,62,296 9,68,491
TATA AIG GENERAL INSURANCE COMPANY FORM NL-15-CASH AND BANK BALANCE SCHEDULE CASH AND BANK BALANCES Particulars (Rs. 000) (Rs. 000) 1 Cash (including cheques, drafts and 4,42,385 3,47,714 stamps) 2 Bank Balances (a) Deposit Accounts (aa) Short-term (due within 12 - - months) (bb) Others - - (b) Current Accounts 18,98,971 8,14,887 (c) Others (to be specified) - - 3 Money at Call and Short Notice (a) With Banks - - (b) With other Institutions - - 4 Others (to be specified) - - TOTAL 23,41,356 11,62,601 Balances with non-scheduled banks included in 2 and 3 above
TATA AIG GENERAL INSURANCE COMPANY FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE ADVANCES AND OTHER ASSETS Particulars (Rs. 000). (Rs. 000). ADVANCES 1 Prepayments 56,350 58,574 2 Commission Paid on Premium Received - - in Advance 3 Advances to Directors/Officers - - 4 Advance tax paid and taxes deducted at source (Net of provision for taxation) 3,96,054 3,94,265 5 Others Advance to Employees 4,136 6,206 Advance to Suppliers 69,004 50,493 Advance to Corporate Agents 1,297 - Advances against Capital Assets 897 - TOTAL (A) 5,27,738 5,09,538 OTHER ASSETS 1 Income accrued on investments 13,65,009 10,38,589 2 Outstanding Premiums 15,20,665 4,82,921 3 Agents Balances 2,22,594 93,529 4 MAT Credit Entitlement - - 5 Foreign Agencies Balances - - 6 Due from other entities carrying on 27,90,204 21,01,190 insurance business (including reinsurers) 7 Due from subsidiaries/ holding - - 8 Deposit with Reserve Bank of India - - [Pursuant to section 7 of Insurance Act, 1938] 9 Investment Receivable/Payable 12,920-10 Other Receivables 85,871 28,889 11 Others - - Deposits for Office Premises 91,097 95,363 Deposits with Telecom Authorities and Housing Deposits for employees 27,681 24,574 Service tax unutilised credit 40,743 55,856 Earnest Money Deposit 3,712 3,276 Other Deposits - - Balance due from AIG entities & others 792 21,041 Salvage and Subrogation 7,537 4,334 TOTAL (B) 61,68,825 39,49,562 TOTAL (A+B) 66,96,563 44,59,100
TATA AIG GENERAL INSURANCE COMPANY FORM NL-17-CURRENT LIABILITIES SCHEDULE CURRENT LIABILITIES Particulars (Rs. 000). (Rs. 000). 1 Agents Balances 2,06,108 1,40,578 2 Balances due to other insurance companies (including. reinsurers) 28,91,552 19,44,011 3 Deposits held on re-insurance ceded - - 4 Premiums received in advance 21,37,138 19,07,483 5 Unallocated Premium 15,74,880 7,62,769 6 Sundry creditors 14,24,248 8,15,248 7 Due to subsidiaries/ holding - - company 8 Claims Outstanding 1,95,24,163 1,57,16,521 9 Due to Officers/ Directors - - 10 Unclaimed Amount of Policyholders 2,68,917 1,95,787 11 Due to Officers/Directors 5,400 1,800 12 Others (to be specified) Others Payable Other Deposits Accepted - - Due to Environment Relief Fund 1,169 632 Due to Solatium Fund 26,560 18,457 Due to Statutory Liabilities 1,70,587 98,161 Payable on purchase of investments - 168 Service Tax Liability - - Salvage and Subrogation - - Interest Payable On Debentures 4,570 - Other Payable - 7,583 TOTAL 2,82,35,292 2,16,09,198
TATA AIG GENERAL INSURANCE COMPANY FORM NL-18-PROVISIONS SCHEDULE PROVISIONS Particulars (Rs. 000). (Rs. 000). 1 Reserve for Unexpired Risk 1,62,45,984 1,12,24,397 2 For taxation (less advance tax paid and 4,341 267 taxes deducted at source) 3 For proposed dividends - - 4 For dividend distribution tax - - 5 Others : Gratuity 43,879 29,649 Long Term Incentive Plan 86,967 71,500 Accrued Leave 58,567 38,350 6 Reserve for Premium Deficiency - - TOTAL 1,64,39,738 1,13,64,163
TATA AIG GENERAL INSURANCE COMPANY FORM NL-19 MISC EXPENDITURE SCHEDULE MISCELLANEOUS EXPENDITURE (To the extent not written off or adjusted) Particulars 1 Discount Allowed in issue of shares/ debentures (Rs. 000). (Rs. 000). - - 2 Others (to be specified) - - TOTAL - -
FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE TATA AIG GENERAL INSURANCE COMPANY Receipts and Payments A/c for the year ended March 31, 2017 (Rs in 000's) Cash Flows from the operating activities: Premium received from policyholders, including advance receipts 4,89,60,147 Other receipts - Payments to the re-insurers, net of commissions and claims (51,56,661) Payments to co-insurers, net of claims recovery (5,61,888) Payments of claims (2,08,12,600) Payments of commission and brokerage (26,23,502) Payments of other operating expenses (89,48,621) Preliminary and pre-operative expenses - Deposits, advances and staff loans (1,24,952) Income taxes paid (Net) (2,22,130) Service tax paid (33,90,094) Other payments - Cash flows before extraordinary items 71,19,699 Cash flow from extraordinary operations - Net cash flow from operating activities 71,19,699 Cash flows from investing activities: Purchase of fixed assets (2,85,062) Proceeds from sale of fixed assets 942 Purchases of investments (3,58,13,022) Loans disbursed - Sales of investments 2,50,57,343 Repayments received - Rents/Interests/ Dividends received 29,95,770 Investments in money market instruments and in liquid mutual funds (Net)* - Expenses related to investments - Net cash flow from investing activities (80,44,029) Cash flows from financing activities: Proceeds from issuance of share capital - Proceeds from borrowing 17,80,000 Debenture Issue Expenses (2,800) Interest/dividends paid - Net cash flow from financing activities 17,77,200 Effect of foreign exchange rates on cash and cash equivalents, net (12,848) Net increase in cash and cash equivalents: 8,40,022 Cash and cash equivalents at the beginning of the year 27,62,525 Cash and cash equivalents at the end of the year 36,02,547 2. Cash and cash equivalents at the end of the current accounting year comprise of the following Balance Sheet amounts: (Rs in 000's) Cash (including cheques on hand, stamps on hand) 4,42,385 Bank Balances (with scheduled banks) 18,98,971 Balance in Reverse Repo Account 12,61,191 Total 36,02,547
PERIODIC DISCLOSURES FORM NL-21 Insurer: Tata AIG General Insurance Co. Ltd. Date: 31-March-2017 (Rs in Lakhs) Statement of Liabilities Sl.No. Particular Reserves for Reserve for Reserves for Reserve for Outstanding IBNR Reserves Total Reserves unexpired risks Outstanding Claims unexpired risks Claims IBNR Reserves Total Reserves 1 Fire 21,595 3,489 378 25,462 13,874 3,056 404 17,334 2 Marine 6,663 9,156 2,424 18,243 6,710 9,936 2,143 18,790 a Marine Cargo 6,663 9,156 2,424 18,243 6,710 9,936 2,143 18,790 b Marine Hull 0 0 0 - - - - - 3 Miscellaneous 1,19,758 79,204 90,167 2,89,129 81,114 72,150 57,319 2,10,583 a Motor 1,05,492 71,606 80,760 2,57,858 67,350 66,529 53,911 1,87,790 b Engineering 414 574 376 1,364 331 457 249 1,037 c Aviation 0 0 0 (0) 0 0 0 0 d Liability 11,782 6,360 4,170 22,312 11,227 4,486 2,517 18,230 e Others 2,070 664 4,861 7,595 2,206 679 640 3,526 4 Health Insurance 14,444 4,545 5,878 24,867 10,545 6,213 5,945 22,703 5 Total Liabilities 1,62,460 96,394 98,847 3,57,701 1,12,244 91,355 65,810 2,69,410 Note Figures including Motor Pool & Declined Pool Health Insurance includes Personal Accident.
FORM NL-22 Geographical Distribution of Business PERIODIC DISCLOSURES Insurer: TATA AIG General Insurance Company Limited Date: 31-March-2017 GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE QUARTER: MARCH 2017 (Rs in Lakhs) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 STATES Fire Marine (Cargo) Marine (Hull) Engineering Aviation Motor Own Damage Motor Third Party Liability insurance Personal Accident Medical Insurance Overseas medical Insurance Crop Insurance All Other Miscellaneous Grand Total For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr For the qtr Upto the qtr Andhra Pradesh 92 305 1 26 0 0 2 25 0 0 541 1,537 676 1,883 22 75 40 163 88 268 10 127 0 0 11 29 1,482 4,437 Arunachal Pradesh 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Assam 61 185 8 31 0 0 5 15 0 0 156 462 194 630 1 5 27 64 81 250 1 8 0 0 4 27 538 1,677 Bihar 38 107 1 12 0 0 6 25 0 0 775 2,070 745 1,836 1 6 24 84 54 156 0 2 0 15,864 6 20 1,650 20,182 Chhattisgarh 50 125 12 30 0 0 0 1 0 0 271 748 224 619 6 27 50 181 62 174 3 14 0 0 3 11 681 1,930 Goa 56 71 12 43 0 0 1 3 0 0 121 332 99 259 11 39 2 8 12 38 3 16 0 0 1 3 316 811 Gujarat 974 3,997 731 3,173 0 0 87 310 0 0 3,862 11,628 2,243 6,608 548 1,758 202 876 317 809 171 1,022 0 0 176 614 9,310 30,795 Haryana 162 1,372 96 521 0 0 8 38 0 0 870 2,590 357 976 25 67 44 144 27 64 15 68 0 0 58 166 1,664 6,007 Himachal Pradesh 2 4 0 6 0 0 0 0 0 0 34 120 41 156 1 2 1 9 0 3 0 1 0 0 0 1 80 302 Jammu & Kashmir 5 16 2 21 0 0 1 3 0 0 137 353 122 275 4 7 1 2 20 21 1 1 0 0 0 4 292 702 Jharkhand 64 265 17 106 0 0 5 25 0 0 423 1,403 458 1,408 16 32 25 101 41 120 6 53 0 0 11 35 1,065 3,548 Karnataka 846 3,899 763 3,034 0 0 84 555 0 26 3,061 9,337 2,541 7,110 461 4,377 465 2,425 367 2,200 793 3,631-692 28,888 143 543 9,525 66,717 Kerala 167 470 6 27 0 0 4 30 0 0 129 422 226 773 48 115 65 228 74 203 31 166 0 0 6 15 757 2,448 Madhya Pradesh 128 423 88 290 0 0 4 17 0 0 669 2,085 593 2,017 31 133 36 133 122 320 11 86 0-1 17 46 1,700 5,551 Maharasthra 4,545 26,877 2,822 11,481 0 0 857 4,859 52 257 8,047 28,876 6,044 21,455 2,760 15,188 917 4,140 1,633 5,011 1,092 5,494 0 0 1,215 4,522 29,294 1,27,470 Manipur 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Meghalaya 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 1 3 Mizoram 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Nagaland 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Orissa 50 171 3 46 0 0 7 20 0 0 359 1,178 432 1,330 4 15 25 101 79 273 3 22 0 0 20 37 984 3,194 Punjab 54 158 15 67 0 0 4 7 0 0 777 2,085 349 985 5 39 46 191 86 299 6 56 0 0 12 38 1,354 3,926 Rajasthan 134 421 44 151 0 0 5 40 0 0 1,724 6,072 1,542 4,707 52 173 49 175 96 248 19 134 0 0 21 109 3,687 12,229 Sikkim 3 5 0 0 0 0 0 0 0 0 3 5 6 10 1 1 1 3 2 5 0 1 0 0 0 1 16 31 Tamil Nadu 556 2,069 254 1,039 0 0 82 260 0 0 1,841 5,806 1,102 3,553 372 1,589 116 842 262 730 213 1,109 0 0 124 294 4,921 17,292 Telangana 763 4,310 296 2,283 0 0 334 1,783 0 23 1,464 4,705 1,213 3,785 178 1,077 289 868 273 742 115 636 0 0 86 438 5,010 20,649 Tripura 0 0 0 0 0 0 0 0 0 0 1 1 7 14 0 0 1 1 2 7 0 0 0 0 0 0 11 23 Uttar Pradesh 161 595 84 295 0 0 37 78 0 0 1,964 6,081 1,053 3,328 619 1,294 39 192 127 341 13 86 0 25 34 102 4,130 12,416 Uttrakhand 18 51 1 10 0 0 2 34 0 0 252 868 163 564 1 4 10 44 38 109 2 44 0 0 2 5 490 1,733 West Bengal 476 1,627 241 1,038 0 0 33 169 0 0 1,027 3,128 1,335 3,378 142 419 151 561 384 1,229 100 613 0 0 50 179 3,939 12,340 Andaman & Nicobar Is. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Chandigarh 78 210 26 125 0 0 2 11 0 0 332 1,248 147 577 11 45 54 270 136 386 17 147 0 0 14 40 815 3,060 Dadra & Nagra Haveli 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Daman & Diu 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Delhi 724 4,343 452 2,408 0 0 123 607 0 7 8,917 29,199 3,174 10,293 107 2,465 387 1,787 557 1,554 450 2,306 0 0 289 1,136 15,180 56,106 Lakshadweep 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Puducherry 15 56 0 1 0 0 0 0 0 0 201 609 148 521 0 5 1 5 4 14 1 2 0 0 5 7 376 1,220 Total 10,224 52,131 5,975 26,263 - - 1,693 8,916 52 313 37,958 1,22,950 25,232 79,051 5,430 28,957 3,070 13,600 4,943 15,577 3,075 15,842 (692) 44,775 2,308 8,421 99,267 4,16,797