|
|
 |
GENERAL
INSURANCE REVENUE ACCOUNT
|
LONPAC
INSURANCE BHD
GENERAL INSURANCE REVENUE ACCOUNT
FOR THE PERIOD FROM
MAY 1, 1999 TO DECEMBER 31, 1999
|
| |
| |
Fire
|
Motor
|
Marine
Aviation
& Transit
|
Miscellaneous
|
1999
Total
|
| (RM'000) |
|
|
|
|
|
| Gross
premium |
28,280
|
40,588
|
3,181
|
38,301
|
110,350
|
| Less:
Reinsurance |
9,626
|
7,888
|
1,886
|
22,240
|
41,640
|
| Net
premium |
18,654
|
32,700
|
1,295
|
16,061
|
68,710
|
Increase/(decrease)
in
reserves for unexpired
risks |
3,104
|
2,634
|
(29)
|
(5,468)
|
241
|
| Earned
premium |
15,550
|
30,066
|
1,324
|
21,529
|
68,469
|
| Net
claims incurred |
3,179
|
18,154
|
1,115
|
10,503
|
32,951
|
| Net
commission |
1,928
|
2,949
|
22
|
(372)
|
4,527
|
| |
5,107
|
21,103
|
1,137
|
10,131
|
37,478
|
| Underwriting
surplus before management expenses |
10,443
|
8,963
|
187
|
11,398
|
30,991
|
| Management
expenses |
|
|
|
|
(13,963)
|
| Underwriting
surplus |
|
|
|
|
17,028
|
| Investment
Income |
|
|
|
|
7,760
|
| Bad
and doubtful debts |
|
|
|
|
(327)
|
| Other
income/(expenditure) |
|
|
|
|
17,096
|
| Transferred
to Profit & Loss Account |
|
|
|
|
41,557
|
|
