Page 296 - 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 UNITED INDIA
2015-16 2016-17 2017-18 2018-19 2019-20
OPERATING PROFIT/(LOSS) (518.75) (2,335.08) 542.55 (2,137.38) (1,602.97)
(a) Fire Insurance (47.23) (149.45) 54.55 20.36 (390.73)
(b) Marine Insurance 41.09 55.06 73.20 (8.34) 37.36
(c ) Miscellaneous Insurance (512.61) (2,240.68) 414.80 (2,149.41) (1,249.60)

INCOME FROM INVESTMENTS
(a) Interest, Dividend & Rent – Gross 336.21 254.89 314.43 189.96 124.88
(b) Profit on sale of investments 453.12 167.91 350.02 147.22 78.72
Less: Loss on sale of investments - - - - -
OTHER INCOME 42.91 21.76 34.78 12.00 8.90
TOTAL (A) 313.49 (1,890.52) 1,241.78 (1,788.20) (1,390.47)

PROVISIONS (Other than taxation)
(a) For diminution in the value
of investments 30.68 2.11 (4.95) 2.17 (0.45)
(b) For doubtful debts“ " 12.51 0.50 (0.07) 3.05 6.32
(c) Others 0.60 1.56 - 78.57 82.75

OTHER EXPENSES
(a) Expenses other than those related
to Insurance Business 0.82 0.46 0.63 0.32 0.27
(b) Bad debts written off - - - - -
(c) Others 13.00 17.49 18.22 5.60 6.37
TOTAL (B) 57.61 22.13 13.83 89.72 95.25

Profit Before Tax 255.88 (1,912.65) 1,227.96 (1,877.91) (1,485.72)
Prior Period Adjustments - - -
Provision for Taxation 35.29 0.88 225.30 - 0.14
Profit after Tax 220.59 (1,913.53) 1,002.66 (1,877.91) (1,485.85)

APPROPRIATIONS
(a) Interim dividends paid during the year - - - -
(b) Proposed final dividend 67.00 - - -
(c) Dividend distribution tax 13.62 - - -
(d) Transfer to any Reserves or
Other Accounts 139.98 (1,913.53) 1,002.66 (1,877.91) (1,485.85)
(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.

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