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PAKISTAN REINSURANCE COMPANY LIMITED |
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STATEMENT
OF PREMIUMS |
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FOR THE YEAR ENDED DECEMBER 31,
2004 |
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Prepaid Reinsurance |
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Net premium revenue |
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Unearned premium reserve |
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Premium
ceded |
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Class |
Premium
Written |
Opening |
Closing |
Premium
earned |
Re-insurance
Ceded |
Opening |
Closing |
Re-insurance expense |
Dec 31,
2004 |
Dec 31,
2003 |
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|
(A) |
(B) |
(C) |
(D=A+B-C) |
(E) |
(F) |
(G) |
(H=E+F-G) |
(I=D-H) |
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| Direct
and |
-------------------------------------------------------------------------------------------R
u p e e
s--------------------------------------------------------------------------------------------------- |
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| Facultative |
Fire |
457,474,278 |
218,223,968 |
196,644,563 |
479,053,683 |
476,431,000 |
227,793,734 |
203,770,415 |
500,454,319 |
(21,400,636) |
(9,090,655) |
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|
Marine Cargo |
2,864,300
|
620,323 |
918,936 |
2,565,687 |
- |
- |
- |
- |
2,565,687 |
702,529 |
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|
Marine Hull |
35,649,854 |
13,551,902 |
25,585,246 |
23,616,510 |
36,405,645
|
14,562,845 |
26,985,841 |
23,982,649 |
(366,139) |
(461,214) |
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Accident |
4,006,050
|
3,870,767 |
1,712,517 |
6,164,300 |
222,351 |
3,654,373 |
63,444 |
3,813,280 |
2,351,020 |
273,587 |
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Aviation |
1,354,980,628 |
521,374,029 |
711,589,895 |
1,164,764,762 |
1,339,261,858 |
506,428,882 |
705,894,465 |
1,139,796,275 |
24,968,487 |
20,116,674 |
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|
Engineering |
514,804,691 |
567,870,803 |
327,248,405 |
755,427,089 |
484,170,524 |
554,604,868 |
305,239,433 |
733,535,959 |
21,891,130
|
11,515,014 |
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Total |
2,369,779,801 |
1,325,511,792 |
1,263,699,562 |
2,431,592,031 |
2,336,491,378 |
1,307,044,702 |
1,241,953,598 |
2,401,582,482 |
30,009,549
|
23,055,935
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| Comp.
TREATY |
Proportional |
2,871,657,895 |
1,508,382,382 |
1,574,790,438 |
2,805,249,839 |
513,641,952 |
179,784,694 |
147,516,402 |
545,910,244 |
2,259,339,595 |
1,424,423,098 |
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Grand Total |
5,241,437,696 |
2,833,894,174 |
2,838,490,000 |
5,236,841,870 |
2,850,133,330 |
1,486,829,396 |
1,389,470,000 |
2,947,492,726 |
2,289,349,144 |
1,447,479,033 |
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The annexed notes form
an integral part of these financial statements. |
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Naheed Hyder |
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Maj (R) Muhammad Fazal Durrani |
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__________ |
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__________ |
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Executive Director (F&A) |
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Chief Executive |
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Director |
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Director |
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