- The company's gross written premium increased from Rs. 28,662 million in 2009-10 to Rs. 27,249 million in 2010-11, while net written premium increased from Rs. 20,066 million to Rs. 19,717 million over the same period. - The net profit after tax increased from Rs. 952 million in 2009-10 to Rs. 1,208 million in 2010-11. - Key financial ratios like the claims ratio, commission ratio, management expenses ratio, and combined ratio remained largely stable from the previous years.

1. Financial Highlights
Particulars 2010-11 2009-10 2008-09
Rs. million Rs. million Rs. Million
Gross Written 27249 28662 25780
Premium
Net Written 19717 20066 17526
Premium
Net Earned 18842 18913 14154
Premium
Net Incurred -13866 -13599 -9457
Claims
Net Commissions -318 -238 188
Management -5485 -5988 -5195
Expenses
Underwriting -502 -727 -210
Results
Income from 2207 2061 1896
Investments
Others 93 164 -7

2. Profit Before Tax 1798 1498 1679
Provision for Tax -590 -546 -623
Profit After Tax 1208 952 1056
Claim's Ratio 73.6% 72.0% 67%
Commission 2% 1% -1%
Ratio
Management 29% 32% 36%
Expenses Ratio
Combined Ratio 104% 105% 102%
Return on Equity 16% 15% 23%
Shareholder's 7928 6725 5748
Equity
Assets Under 25315 21938 18632
Management
Number of 3506 3973 3603
Employees

3. Balance Sheet as at 31st March, 2011
000
st st
Particulars 31 March, 2011 31 March, 2010
Sources of fund
Shareholders fund
Share Capital
1102273 1102273
Reserve and surplus
6,830,724 5,622,446
Fair value change (5094) -
Account
Borrowings - -
Total 7927903 6724719
Application of Funds
Investments 25314595 21937504
Loans - -
Fixed Assets

4. Gross block 2496177 1556866
Less:- accumulated 1227583 1038900
depreciation
Net block 1268594 517966
Capital work in 264964 767460
progress including
capital advances
1533558 1285426
Deferred tax assets 378480 152080
Current assets
Cash and bank 2964880 28490009
balance
Advances and other 7132312 5446286
assets
Subtotal (A) 10097192 8295295
Current liabilities 18064657 14495261
Provisions 113331265 10450325
Subtotal (B) 29395922 24945586

5. Net current (19298730) (16650291)
assets(C)= (A - B)
Miscellaneous - -
Expenditure(to the
extent not written off
or adjusted)
Debit Balances in - -
profit and loss
account
Total 7927903 6724719