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Financial Reports

Insurance Revenue Account - Life Insurance Business

For the Year Ended 31st December 2015
Rs. '000
2014
Rs. '000
Change %
Life Insurance
Gross written premium 13,456,828 12,002,524 12.12
Net written premium (Net of premiums ceded to reinsurers) 13,146,773 11,715,219 12.22
Investment and other income attributable to policyholders 6,507,792 6,616,538 (1.64)
Net benefits payable (5,956,760) (4,893,847) 21.72
Increase in long term insurance fund (7,135,305) (7,256,468) (1.67)
Commissions (1,609,936) (1,389,842) 15.84
Operating and administrative expenses attributable to policyholders (2,971,012) (2,707,106) 9.75
Interest Expense (10,195) (29,394) (65.31)
Tax expenses (171,357) (755,099) (77.31)
Surplus from life insurance business 1,800,000 1,300,000
Surplus from life insurance business 1,800,000 1,300,000 38.46
Investment and other income not attributable to policyholders 227,908 209,475 8.80
Operating and administrative expenses not attributable to policyholders (18,235) 33,522 (154.40)
Interest Expense (21) (10) 116.41
Tax expenses 50,394 (180,000) (128.00)
Profit after tax 2,060,046 1,362,987 51.14