Page 377 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 65: PRIVATE SECTOR GENERAL INSURERS - BALANCE SHEET
(As at 31st March) (2016 to 2020) (Contd... 65)
( ? Crore)

PARTICULARS MAGMA HDI
2016 2017 2018 2019 2020
SOURCES OF FUNDS
SHARE CAPITAL 112.50 112.50 112.50 125.00 143.75
SHARE APPLICATION MONEY - - 75.00 53.19
RESERVES AND SURPLUS 145.50 145.50 145.50 183.00 240.39
CREDIT/[DEBIT] FAIR VALUE
CHANGE ACCOUNT 0.04 0.04 0.17 0.01 0.12
BORROWINGS 0.09 0.36 0.30 0.62 0.84
TOTAL 258.14 258.40 258.47 383.63 438.30

APPLICATION OF FUNDS
INVESTMENTS 866.38 900.41 1,137.12 1,462.29 2,284.81
LOANS - - - 5.98 4.50
FIXED ASSETS 6.20 14.97 17.04 26.99 26.96
DEFERRED TAX ASSET/(LIABILITY) 9.95 9.95 9.95 28.29 20.42

CURRENT ASSETS
Cash and Bank Balances 11.54 16.81 26.18 114.22 13.68
Advances and Other Assets 63.81 107.55 81.46 184.64 163.81
Sub-Total (A) 75.34 124.36 107.64 298.86 177.50

CURRENT LIABILITIES 561.38 646.93 822.45 1,112.01 1,645.65

PROVISIONS 177.10 176.81 218.37 352.86 462.35

Sub-Total (B) 738.48 823.73 1,040.82 1,464.88 2,108.00

NET CURRENT ASSETS “(C) = (A - B) " (663.14) (699.37) (933.18) (1,166.02) (1,930.50)

MISCELLANEOUS EXPENDITURE
(to the extent not written off or adjusted) " - - - - -

DEBIT BALANCE IN PROFIT AND
LOSS ACCOUNT 38.75 32.45 27.54 26.10 32.12

TOTAL 258.14 258.40 258.47 383.63 438.30

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.

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