Company's Performance

3RD QUARTER (UN-AUDITED) FINANCIAL STATEMENTS-2010

UN-AUDITED BALANCE SHEET AS AT SEPTEMBER 30,2010

September

30, 2010

December

31, 2009

A) Fixed Assets:

Land & Building

1,503,361,080

1,500,161,081

Administrative Fixed Asset

55,863,789

39,730,362

Total Fixed Assets

1,559,244,869

1,539,891,443

B) Current Assets:

Stock of Printing Material

127,600

142,500

Sundry Debtors

27,816,466

34,260,946

Advance. Deposits. Prepayment

379,956,022

462,370,505

Investment (Shares & Securities)

332,402,381

391,231,018

Cash & Bank Balance (Inc FDR)

483,948,532

473,039,507

Total Current Assets

1,224,251,001

1,361,044,476

C) Current Liabilities:

Creditors & Accruals

202,939,336

350,827,063

Outstanding Claims

85,617,202

87,463,532

Bank Overdraft

184,870,325

178,417,329

Total Current Liabilities

473,426,863

616,707,924

D) Net working Capital (B-C)

750,824,138

744,336,552

Net Assets (A+D)

2,310,069,007

2,284,227,995

Finance by

Shareholder Equity:

Share Capital

426,479,130

387,708,300

Share Premium & Other Reserve

1,561,572,784

1,600,343,614

Retained Earnings

89,708,937

68,545,404

Total Shareholder equity

2,0,77,760,851

2,056,597,318

Balance of Fund & Account (Reserve for Unexpired Risk)

255,109,789

215,425,192

Deposit Premium

7,198,367

12,205,485

2,310,069,007

2,284,227,995

UN-AUDITED INCOME STATEMENT

FOR THE PERIOD ENDED SEPTEMBER 30, 2010

INCOME

Net Premium (Gross Premium-less Re-Insurance & Adj of Unexpired Risk)

Re-Insurance Commission

Income fro Interest, Investment, Rent & Financial Services including Capital gain

SEPTEMBER 30, 2010
SEPTEMBER 30, 2009
JULY 2010 TO SEPTEMBER 2010
JULY 2009 TO SEPTEMBER 2009

337,655,461

62,427,204

70,902,267

326,838,816

65,646,445

51,087,356

115,985,490

21,892,814

18,530,181

104,312,439

26,579,931

2,061,593

470,984,932 443,572,617 156,408,485 132,953,963

EXPENDITURE

Net Claims (Gross less Re-insurance & Adj of

Outstanding Claim)

Management expenses

Commission

63,902,032

185,043,737

112,460,308

64,677,553

142,767,674

113,002,310

15,598,747

79,379,670

37,948,410

15,248,043

51,473,416

52,311,062

361,406,077
320,447,537 132,926,827 119,032,521

Profit before Tax
109,578,855 123,125,080 23,481,658 13,921,442

Provisional estimate of Taxes
20,000,000 30,000,000 5,000,000 9,000,000

Retained Earnings 89,578,855 93,125,080 18,481,658 4,921,442

Earnings per Share (EPS)

21.00

24.02

4.33

1.27

CASH FLOW STATEMENT (UN-AUDITED)

FOR THE PERIOD ENDED SEPTEMBER 30,2010

SEPTEMBER

30,2010

DECEMBER 31,2009

(A) Cash Flow from operation:

Collection from Premium & other Income Less Management Expenses, Re-Insurance. Claims & Others :

(B) Cash Flow from Investing activities:

Purchase of Fixed Assets

Investment (Net)

Bank Overdraft

Dividend Paid

Net Cash Inflow/outflow for the half year (A+B+C)

Cash and Bank Balance as at 01-01-2010

Cash and Bank Balance as at 30-09-2010

Net Operation Cash Flow

39,217,603

566,751,915

527,534,312

34,049,202

(16,133,427)

50,182,629

(62,357,780)

6,057,542

(68,415,322)

10,909,025

473,039,507

483,948,532

9.20

42,179,899

1,116,691,683

1,074,511,784

(218,998,427)

(188,544,599)

(30,453,828)

117,732,533

178,417,319

(60,684,786)

(59,085,995)

532,125,502

473,039,507

10.88

STATEMENT OF CHANGES IN EQUITY

AS At September 30,2010

Particulars	Share Capital	Share premium & Other Reserve	Retained Earnings	Total
Opening Balance as on 01-01-2010	3,87,708,300	1,600,343,614	68,545,404	2,056,597,318
Issue of share capital (Bonus share)	38,770,830	(38,770,830)	-	-
Cash Dividend	-	-	(68,415,322)	(68,415,322)
Net Profit for September 30,2010	-	-	89,578,855	89,578,855
Balance as at September 30,2010	426,479,130	1,561,572,784	89,708,937	2,077,760,851

Balance as at December 31,2009

387,708,300

1,600,343,614

68,545,404

2,056,597,318