NICL National Insurance Company Limited
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Growth from 2001- 2009
(Rupees In Million)
Year
2001
2002
2003
2004
2005
2006
2007
2008
2009
GrossPremium 2,277 2,553 3,699 4,012 4,249 4,453 4,352 5,492 6,034
Net Premium 1,386 1,780 1,545 1,989 2,145 2,045 2,566 2,904 3,005
Net Profit 2,054 2,222 2,053 1,852 2,475 2,380 3,303 1,514 3,586
 
Growth from 2001- 2009
(Amount in Thousand US Dollars)
Year
2001
2002
2003
2004
2005
2006
2007
2008
2009
GrossPremium 27,031 30,307 43,911 47,627 50,441 52,862 51,663 65,196 71,631
Net Premium 16,453 21,131 18,341 23,612 25,464 24,277 30,461 34,474 35,673
Net Profit 24,383 26,378 24,372 21,985 29,381 28,253 39,210 17,973 42,570
 
 
Comparative Operational Results
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Operational Results
(Rupees In Millions)
Years
2001
2002
2003
2004
2005
2006
2007
2008
2009
% Inc 2009 over 2001
Gross Premium 2,277 2,553 3,699 4,012 4,249 4,453 4,352 5,492 6,034 165%
Retained Premium 1,386 1,780 1,545 1,989 2,145 2,045 2,566 3,112 2,976 115%
Retained Premium As Percentage Of Premium 60.87% 69.72% 41.77% 49.58% 50.48% 45.92% 58.96% 56.00% 49.32% -
Net Claims Incurred 183 604 324 345 619 380 236 1,028 987 439%
Underwriting Profit 985 1,178 966 1,019 1,399 1,511 1,951 1,583 1,630 65%
Investment Income 1,218 1,219 1,310 987 1,277 1,019 1,555 (248) 2,011 65%
Total Profit Before Tax 2,054 2,222 2,053 1,852 2,475 2,380 3,303 1,514 3,586 75%
Total Investment 8,441 9,521 10,294 10,648 12,285 13,669 15,311 14,352 16,227 92%
Income Tax Paid 785 835 838 610 728 837 1,109 886 907 16%
Surplus Paid To Govt. 400 500 500 500 500 500 500 500 500 25%
Total Payment To Govt. 1,185 1,335 1,338 1,110 1,228 1,337 1,609 1,386 1,407 19%
Capital And Reserves 9,405 10,453 11,966 13,637 15,279 16,468 19,002 20,050 23,915 154%
Management Expense As % Of Premium 7.10% 7.10% 7.30% 6.70% 6.45% 6.31% 6.92% 6.32% 7.50% -
Paid Up Capital 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 0%
Total Reserves & Underwriting Provision 7,405 8,453 9,966 11,637 13,279 14,468 17,002 18,050 21,915 196%
Equity 9,405 10,453 11,966 13,637 15,279 16,468 19,002 20,050 23,915 154%
 
* The Corporation has been converted into National Insurance Company Limited w.e.f. 1.1.2001 with paid up Capital of Rs 2 Billion.
 
 
Comparative Operational Results
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Operational Results
(Amount in Thousand US Dollars)
Years
2001
2002
2003
2004
2005
2006
2007
2008
2009
% Inc
2009
over
2001
Gross Premium 27,031 30,307 43,911 47,627 50,441 52,862 51,663 65,196 71,631 165%
Retained Premium 16,453 21,131 18,341 23,612 25,464 24,277 30,461 36,943 35,329 115%
Retained Premium As Percentage Of Premium 60.87% 69.72% 41.77% 49.58% 50.48% 45.92% 58.96% 56.00% 49.32% -
Net Claims Incurred 2,172 7,170 3,846 4,096 7,348 4,511 2,802 12,204 11,717 439%
Underwriting Profit 11,693 13,984 11,468 12,097 16,608 17,937 23,161 18,792 19,350 65%
Investment Income 14,459 14,471 15,551 11,717 15,159 12,097 18,460 (2,944) 23,873 65%
Total Profit Before Tax 24,383 26,378 24,372 21,985 29,381 28,253 39,210 17,973 42,570 75%
Total Investment 100,205 113,025 122,202 126,404 145,837 162,267 181,759 170,375 192,633 92%
Income Tax Paid 9,319 9,912 9,948 7,241 8,642 9,936 13,165 10,518 10,767 16%
Surplus Paid To Govt. 4,748 5,936 5,936 5,936 5,936 5,936 5,936 5,936 5,936 25%
Total Payment To Govt. 14,067 15,848 15,884 13,177 14,578 15,872 19,101 16,453 16,703 19%
Capital And Reserves 111,648 124,089 142,050 161,887 181,380 195,494 225,576 238,017 283,899 154%
Management Expense As % Of Premium 7.10% 7.10% 7.30% 6.70% 6.45% 6.31% 6.92% 6.32% 7.50% -
Paid Up Capital 23,742 23,742 23,742 23,742 23,742 23,742 23,742 23,742 23,742 0%
Total Reserves & Underwriting Provision 87,906 100,347 118,308 138,145 157,637 171,752 201,834 214,275 260,157 196%
Equity 111,648 124,089 142,050 161,887 181,380 195,494 225,576 238,017 283,899 154%
 
* The Corporation has been converted into National Insurance Company Limited w.e.f. 1.1.2001 with paid up Capital of Rs 2 Billion.