Financial Year 2012-13 (27 MB) - The New India Assurance Co. Ltd.

Leadership and Beyondvii)Combined Ratio(` in Crores)Particulars 2012-13 2011-12Claims 8143.07 7087.53Expenses 2374.09 2065.81Commission 843.17 897.5Sub Total 11360.33 10050.84Net Premium 10274.17 8771.21Ratio (%) 110.57 114.59viii) Technical Reserves (at End) to Net Premium Ratio(` in Crores)Particulars 2012-13 2011-12Unexpired Risks Reserves 5554.89 4731.36Reserves for Premium Deficiency 35.19 110.04Outstanding Claims 11716.39 10605.94Total Technical Reserves 17306.47 15447.34Net Premium 10274.17 8771.21Ratio – (No. of Times) 1.68 1.76ix)Underwriting Balance Ratios (after credit of policy holders Investment income)(` in Crores)Segment U/W Profit Net Premium Ratio Currentyear (%)Ratio PreviousYear( %)Fire 64.09 1765.20 3.63 -46.98Marine Cargo 103.74 321.35 32.28 -0.86Marine Hull 30.99 139.67 22.19 -20.42Marine Total 134.72 461.02 29.22 -4.84Motor -152.32 4104.87 -3.71 2.76Personal Accident 16.20 159.26 10.17 25.32Aviation 77.08 78.83 97.79 -339.51Engineering 223.99 322.10 69.54 -18.83Health -594.92 2502.97 -23.77 -17.05Liability* 47.97 259.64 18.47 34.38Others 208.41 620.27 33.60 42.00Misc Sub Total -173.59 8047.94 -2.16 -1.28Grand Total 25.23 10274.17 0.25 -8.89*Liability includes Workmens’ compensationANNUAL REPORT219