Page 355 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 64: PRIVATE SECTOR GENERAL INSURERS - SHAREHOLDERS ACCOUNT
(2015-16 to 2019-20) (Contd... 64)
( ? Crore)

PARTICULARS MAGMA HDI
2015-16 2016-17 2017-18 2018-19 2019-20
OPERATING PROFIT/(LOSS) (24.60) (10.84) (11.32) (8.75) 7.79
(a) Fire Insurance (2.76) (3.56) (16.19) (19.87) (27.72)
(b) Marine Insurance (2.14) (4.37) (3.70) (5.14) (4.10)
(c) Miscellaneous Insurance (19.70) (2.92) 8.57 16.26 39.61
INCOME FROM INVESTMENTS
(a) Interest, Dividend & Rent – Gross 16.68 17.60 17.65 13.07 17.22
(b) Profit on sale of investments 1.49 2.02 1.35 1.21 7.08
Less: Loss on sale of investments - - - - 0.07
OTHER INCOME - - - - 0.16
TOTAL (A) (6.43) 8.78 7.69 5.53 32.18

PROVISIONS (Other than taxation)
(a) For diminution in the value of investments - - - - 18.69
(b) For doubtful debts - - - 0.09 0.07
(c) Others - - - 0.02 (0.01)
OTHER EXPENSES
(a) Expenses other than those related
to Insurance Business - 1.34 - 0.74 2.16
(b) Bad debts written off - 0.13 - - -
(c) Others 0.15 0.14 1.62 12.88 9.52
TOTAL (B) 0.15 1.61 1.62 13.74 30.44
Profit Before Tax (6.58) 7.17 6.06 (8.20) 1.74
Prior Period Adjustments - - -
Provision for Taxation 5.27 0.87 1.16 (9.64) 7.75
Profit after Tax (11.85) 6.30 4.91 1.43 (6.01)

APPROPRIATIONS
(a) Interim dividends paid during the year - - - - -
(b) Proposed final dividend - - - - -
(c) Dividend distribution tax - - - - -
(d) Transfer to any Reserves or
Other Accounts - - - - -
(e) Others -
Balance of profit/ loss brought forward
from last year (26.90) (38.75) (32.45) (27.54) (26.10)

Balance carried forward to Balance Sheet (38.75) (32.45) (27.54) (26.10) (32.12)

Note:
1. Figures in brackets indicates negative values
2. Reclassification/Regrouping in the previous year's figures, if any, by the insurer has not been considered.
3. *Erstwhile HDFC Ergo General Insurance Co. Ltd. merged with L&T General Insurance Co. Ltd. w.e.f. 01.01.2017.
L&T General Insurance co. Ltd. is renamed as HDFC Ergo General Insurance Co. Ltd. , therefore, the data of erstwhile
HDFC Ergo is for 9 months i.e. up to 31.12.2016.
4. **Erstwhile DHFL General Insurance Co. Ltd.

353