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Financial Reports

Insurance Revenue Account

For the year ended 31 December Glossary item 2015
Rs. '000
2014
Rs. '000
Life insurance
Gross written premium 15 8,291,277
Net written premium (net of premiums ceded to reinsurers) 27 8,107,814
Investment and other income attributable to policyholders 3,866,529
Net benefits payable (3,689,879)
Increase in long term insurance fund (3,675,857)
Commissions 11 (977,782)
Operating and administrative expenses attributable to policyholders (1,754,076)
Interest expense (5,980)
Tax expenses (70,768)
Surplus from life insurance business 1,800,000
Surplus from life insurance business 1,800,000
Investment and other income not attributable to policyholders 154,721 4,489
Operating and administrative expenses not attributable to policyholders (7,420) (1,472)
Interest expense (21) (7)
Tax expenses (45,994) (843)
Profits from operations after interest expense 1,901,286 2,167