Page 294 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 61: PUBLIC SECTOR GENERAL INSURERS - SHAREHOLDERS ACCOUNT
(2015-16 to 2019-20) (Contd... 61)
( ? Crore)

PARTICULARS NEW INDIA
2015-16 2016-17 2017-18 2018-19 2019-20
OPERATING PROFIT/(LOSS) (435.08) (556.95) 1,003.38 (1,461.34) 412.96
(a) Fire Insurance 9.69 (346.61) 429.37 (585.09) 341.71
(b) Marine Insurance 147.71 87.28 110.65 11.45 85.84
(c ) Miscellaneous Insurance (592.47) (297.63) 463.37 (887.70) (14.59)

INCOME FROM INVESTMENTS
(a) Interest, Dividend & Rent – Gross 826.81 879.73 891.15 1,138.52 1,146.39
(b) Profit on sale of investments 461.79 642.09 746.07 1,012.63 1,177.49
Less: Loss on sale of investments - - - - -
OTHER INCOME 72.64 218.55 103.68 42.80 60.57
TOTAL (A) 926.17 1,183.41 2,744.27 732.61 2,797.41

PROVISIONS (Other than taxation)
(a) For diminution in the value
of investments 3.20 1.16 2.83 4.67 4.85
(b) For doubtful debts (1.61) (0.88) (5.44) 45.45 71.14
(c) Others 19.50 15.44 3.24 - -

OTHER EXPENSES
(a) Expenses other than those related
to Insurance Business - - 0.62 2.74 1,057.20
(b) Bad debts written off - - - - -
(c) Others (0.47) 3.84 17.97 34.88 25.38
TOTAL (B) 20.61 19.55 19.21 87.74 1,158.58

Profit Before Tax 905.56 1,163.86 2,725.06 644.87 1,638.83
Prior Period Adjustments - - -
Provision for Taxation 76.87 155.93 524.14 65.08 221.07
Profit after Tax 828.69 1,007.93 2,200.92 579.79 1,417.75

APPROPRIATIONS
(a) Interim dividends paid during the year - - - - -
(b) Proposed final dividend 250.00 - 309.00 - -
(c) Dividend distribution tax 50.89 1.09 62.91 - -
(d) Transfer to any Reserves or
Other Accounts 552.63 1,019.79 1,829.01 579.79 1,417.75
(e) Others - -

Balance of profit/ loss brought forward
from last year - - -
Balance carried forward
to Balance Sheet - - -

Note:
1. Figures in brackets indicate negative values.
2. Reclassification/Regrouping in the previous year's figures, if any, by the insurer has not been considered.

292