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    SBI Life Insurance Company Limited's financial statements show increasing revenues and profits over three years from 2012-2013 to 2014-2015. Gross premium income rose from Rs. 104.5 billion to Rs. 128.7 billion in this period. Net income also increased substantially due to higher investment income and contributions from shareholders. Expenses related to insurance operations and commissions increased moderately. The surplus from operations rose from Rs. 7.38 billion to Rs. 7.04 billion over the three years despite higher payouts to policyholders and increases in actuarial liabilities and linked liabilities. Overall, the financial statements indicate growing business and profits for the company.

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    SBI Life Insurance Company Limited's financial statements show increasing revenues and profits over three years from 2012-2013 to 2014-2015. Gross premium income rose from Rs. 104.5 billion to Rs. 128.7 billion in this period. Net income also increased substantially due to higher investment income and contributions from shareholders. Expenses related to insurance operations and commissions increased moderately. The surplus from operations rose from Rs. 7.38 billion to Rs. 7.04 billion over the three years despite higher payouts to policyholders and increases in actuarial liabilities and linked liabilities. Overall, the financial statements indicate growing business and profits for the company.

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    7 views1 page

    Financial Report Digs 2

    Uploaded by

    ayaanlori9898
    SBI Life Insurance Company Limited's financial statements show increasing revenues and profits over three years from 2012-2013 to 2014-2015. Gross premium income rose from Rs. 104.5 billion to Rs. 128.7 billion in this period. Net income also increased substantially due to higher investment income and contributions from shareholders. Expenses related to insurance operations and commissions increased moderately. The surplus from operations rose from Rs. 7.38 billion to Rs. 7.04 billion over the three years despite higher payouts to policyholders and increases in actuarial liabilities and linked liabilities. Overall, the financial statements indicate growing business and profits for the company.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    SBI Life Insurance Company Limited

    5 Analvsis of financial statement


    > Financial Statements for 3 years
    Sr. Particulars 2014-15 2013-14 2012-13
    No. _|
    POLICYHODERS’
    A/C J
    1. Gross premium income 128,671,102 107,386,027 104,500.329
    2. Net premium income # 127,799,999 106,571,051 103,821,138
    3. Income from investments @ 102,429,136 63,539,991 43,739,497
    4. Other income 138,939 363,946 119,638
    5. Contribution from the Shareholders’ A/c 1,529,782 3,070,844 2,637,505
    6. Total income 231,897,857 173,545,832 150.317.777
    Commissions 6,037,125 5,561,846 5,114,134
    Brokerage - - -
    9. Operating Expenses related to insurance 13,050,706 12,230,804 11.522,106
    business
    (Including Service tax on linked
    charges)
    10. Provision for Income Tax 1,092,246 898,859 596,587
    11. Provision for diminution in the value of (111,245) (22,176) 143,301
    investments
    (net)
    12. Total Expenses 20,068,833 18,669,334 17,376,129
    13. Payment to policyholders 82,003,666 87,817,159 77,794,692
    14. Increase in actuarial liability # 59,541,515 37,659,128 46,792,532
    15. Provision for Linked Liabilities 63,239,615 21,004,005 970,470
    16. Surplus / (Deficit) from operations 7,044,228 8,396,207 7,383,954
    SHAREHOLDERS'! A/C
    17. Total income (net of expenses & 1,289,984 (1,005,302) (1,141,280)
    contribution to
    Policyholders) under Shareholder's
    Account

    Jain College of Engineering, Department of MBA, Belagavi. 42

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