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Table 104 (Capital, Company) |
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Insurance Activities ( Rs Million ) |
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Cap104e |
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Item |
1998 |
1999 |
2000 |
2001 |
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Paid - up Capital (as at End Period ) |
1,217 |
1,367 |
1,523 |
2,019 |
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Life Insurance |
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Life Assurance ( as at 31 Dec.) |
16,296 |
19,444 |
23,806 |
29,143 |
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New Business |
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Total Number of Policies (x1,000 Units ) |
237 |
204 |
246 |
230 |
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Total Sums Insured |
23,819 |
26,382 |
27,546 |
30,492 |
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Total Premium Collected |
1,322 |
1,437 |
2,100 |
2,210 |
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Business in Force ( Including New Business ) |
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Total Number of Policies ( x1,000 Units as at 31 Dec.) |
852 |
880 |
942 |
963 |
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Total Sums Insured (as at 31 Dec.) |
70,556 |
70,066 |
94,567 |
103,348 |
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Total Premium Collected |
4,807 |
5,449 |
6,556 |
7,042 |
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Benefit Payments |
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Total |
1,309 |
1,772 |
1,462 |
2,166 |
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Maturity (Endowments Paid at Maturity ) |
632 |
883 |
584 |
1,048 |
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Death & Disability |
331 |
422 |
405 |
453 |
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Surrender |
102 |
156 |
179 |
272 |
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Other |
244 |
311 |
294 |
393 |
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Fire Insurance |
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Net Premium ( Policies in Force ) |
561 |
553 |
885 |
944 |
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Net Claims Paid & Outstanding |
106 |
125 |
107 |
219 |
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Loss Reserve |
20 |
67 |
46 |
49 |
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Operating Profit / Loss |
133 |
169 |
224 |
202 |
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General Accident Insurance |
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Net Premium ( Policies in Force ) |
1,466 |
1,651 |
1,747 |
1,721 |
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Net Claims Paid & Outstanding |
683 |
986 |
900 |
1,105 |
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Loss Reserve |
83 |
144 |
96 |
55 |
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Operating Profit / Loss |
124 |
-42 |
129 |
-155 |
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Marine Insurance |
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Net Premium ( Policies in Force ) |
409 |
407 |
477 |
470 |
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Net Claims Paid & Outstanding |
110 |
112 |
108 |
65 |
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Loss Reserve |
12 |
11 |
15 |
1 |
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Operating Profit / Loss |
75 |
71 |
110 |
125 |
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Motor Insurance |
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Net Premium ( Policies in Force ) |
2,124 |
2,400 |
3,501 |
3,691 |
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Net Claims Paid & Outstanding |
1,307 |
1,517 |
1,937 |
2,272 |
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Loss Reserve |
146 |
214 |
-45 |
92 |
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Operating Profit / Loss |
18 |
-145 |
104 |
-65 |
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Total General Insurance |
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Net Premium ( Policies in Force ) |
4,560 |
5,126 |
6,410 |
6,827 |
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Net Claims Paid & Outstanding |
2,206 |
2,741 |
3,052 |
3,661 |
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Loss Reserve |
261 |
431 |
112 |
197 |
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Surplus ( + ) or Deficit ( - ) |
350 |
305 |
567 |
106 |
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Employment (Number of persons) |
6,496 |
9,619 |
6,983 |
6,712 |
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Total Number of Branches |
270 |
285 |
288 |
303 |
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Total Gross Assets |
26,299 |
28,579 |
31,293 |
35,213 |
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Net Profit ( Before Tax ) |
974 |
873 |
1,011 |
1,908 |
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Net Profit ( After
Tax ) |
653 |
646 |
782 |
1,764 |
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No of Institution Reporting |
7 |
8 |
9 |
10 |
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©
2003, KRI (Kusaka Research
Institute) |
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Source: |
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Annual
Report 2001 , Central Bank of Sri
Lanka |
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Revised: 2003(y)/03(m)/01(d) |
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Chief
Editor: |
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Dr. Milton
Rajaratne (B.Com., M.Sc., Ph.D.) |
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Head,
Department of Management Studies |
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University of Peradeniya. |
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