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IRDAI Disclosure


Explore public disclosures for the Insurance Regulatory and Development Authority of India (IRDAI) Public Disclosure


Revenue 2020

Form NL-1-B-RA

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2020

(Rs. 000's)

 

Particulars

 

Schedule

Fire

Marine

Miscellaneous

Life

Total

For the year ended March

31, 2020

For the year ended March

31, 2019

For the year ended March

31, 2020

For the year ended March

31, 2019

For the year ended March

31, 2020

For the year ended March

31, 2019

For the year ended March

31, 2020

For the year ended March

31, 2019

For the year ended March

31, 2020

For the year ended March 31,

2019

 

  1. Premium earned - Net

  2. Profit/(Loss) on sale/redemption of investments

 

NL-4-Premium Schedule

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

(8,697,570)

-

 

1,122,359

-

 

(8,697,570)

-

 

1,122,359

-

  1. Others

  2. Interest, Dividends and Rent – Gross

  3. Amortisation of discount/(premium)

 

-

-

-

-

-

-

-

-

-

-

-

-

-

466,587

(32,197)

- 37,283

(2,135)

-

466,587

(32,197)

- 37,283

(2,135)

TOTAL (A)

 

-

-

-

-

-

-

(8,263,180)

1,157,507

(8,263,180)

1,157,507

 

Claims Incurred (Net)

 

NL-5-Claims Schedule

 

-

 

-

 

-

 

-

 

-

 

-

 

3,233,358

 

1,335,255

 

3,233,358

 

1,335,255

Commission (Net)

NL-6-Commission Schedule

-

-

-

-

-

-

(118,469)

(67,075)

(118,469)

(67,075)

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

-

-

-

-

-

-

435,802

278,860

435,802

278,860

Premium Deficiency Reserve

 

-

-

-

-

-

-

(41,843)

59,813

(41,843)

59,813

TOTAL (B)

 

-

-

-

-

-

-

3,508,848

1,606,853

3,508,848

1,606,853

 

 

 

 

 

 

 

 

 

 

 

 

Operating Profit /(Loss) from business C=(A-B)

 

-

-

-

-

-

-

(11,772,028)

(449,346)

(11,772,028)

(449,346)

 

APPROPRIATIONS

 

 

 

 

 

 

 

 

 

 

 

Transfer to Shareholders’ Account

-

-

-

-

-

-

(11,772,028)

(449,346)

(11,772,028)

(449,346)

Transfer to Catastrophe Reserve

-

-

-

-

-

-

-

-

-

-

Transfer to Other Reserves

-

-

-

-

-

-

-

-

-

-

TOTAL (C)

 

-

-

-

-

-

-

(11,772,028)

(449,346)

(11,772,028)

(449,346)

 

Profit and Loss 2020

Form NL-2-B-PL

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2020

Particulars

Schedule

For the year ended March 31,

2020

For the year ended March 31,

2019

Operating profit/( Loss)

  1. Fire

  2. Marine

  3. Miscellaneous

  4. Life

Income From Investments

  1. Interest, Dividends and Rent – Gross

  2. Profit on sale/redemption of investments Less: Loss on sale/redemption of investments

  3. Amortisation of discount/(premium)

Other Income

 

 

-

 

-

-

-

-

-

(11,772,028)

(449,346)

349,326

141,120

-

-

-

-

(24,105)

(8,082)

-

34,870

TOTAL (A)

 

(11,446,807)

(281,438)

Provisions (Other than taxation)

 

 

 

(a) For diminution in the value of investments (net)

 

-

-

(b) Provision for doubtful debts

 

-

-

(c) Others

 

-

-

Other Expenses

 

 

 

Expense other than those directly related to the insurance business

4A

16,272

4,085

Bad debts written off

 

-

-

Others

 

-

-

TOTAL (B)

 

16,272

4,085

(Loss) before tax

 

(11,463,079)

(285,523)

Provision for Taxation

 

-

(Loss) after tax

(11,463,079)

(285,523)

APPROPRIATIONS

 

 

(a) Interim dividends paid during the year

-

-

(b Proposed final dividend

-

-

(c) Dividend distribution on tax

-

-

(d) Transfer to any reserves/ other accounts

-

-

Balance of Profit/(Loss) brought forward from last year

(432,195)

(146,672)

Balance carried forward to Balance Sheet

 

(11,895,274)

(432,195)

Balance Sheet 2020

Form NL-3-B-BS

RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • BALANCE SHEET AS AT MARCH 31, 2020

Particulars

Schedule

As at March 31, 2020

As at March 31, 2019

 

SOURCES OF FUNDS

 

 

 

Share Capital

NL-8-Share Capital Schedule

-

-

Reserves and Surplus

NL-10-Reserves and Surplus

Schedule

-

-

Head Office Account

 

23,328,375

6,290,000

Fair Value Change Account

 

-

-

Related to Share Holder's Fund

 

 

 

Related to Policy Holder's Fund

 

 

 

Borrowings

NL-11-Borrowings Schedule

-

-

Total

 

23,328,375

6,290,000

 

APPLICATION OF FUNDS

 

 

 

Investments

 

 

 

Investments related to Share Holder's Fund

NL-12-Investment Schedule

10,636,228

5,380,642

Investments related to Policy Holder's Fund

NL-12-Investment Schedule

14,206,580

1,421,513

Sub Total

 

24,842,808

6,802,155

Loans

NL-13-Loans Schedule

-

-

Fixed Assets

NL-14-Fixed Assets Schedule

50,263

45,500

Deferred Tax Asset(Refer Note 21)

 

-

-

Current Assets

 

 

 

Cash and Bank Balance

NL-15-Cash and bank balance

Schedule

448,403

524,663

Advances And Other Assets

NL-16-Advancxes and Other

3,234,064

1,339,990

Sub-Total (A)

 

3,682,467

1,864,653

Current Liabilities

NL-17-Current Liabilities

5,397,645

2,242,097

Provisions

NL-18-Provisions Schedule

11,744,792

612,406

Sub-Total (B)

 

17,142,437

2,854,503

NET CURRENT ASSETS (C) = (A – B)

 

(13,459,970)

(989,850)

Miscellaneous Expenditure (To the extent not written off or adjusted)

NL-19-Miscellaneous

-

-

 

Expenditure Schedule

 

 

Debit Balance in Profit And Loss Account

 

11,895,274

432,195

TOTAL

 

23,328,375

6,290,000


CONTINGENT LIABILITIES

 

Particulars

Schedule

As at March 31, 2020

As at March 31, 2019

 

Partly paid-up investments

 

 

-

 

-

Claims, other than against policies, not acknowledged as debts by the

company

-

-

Underwriting commitments outstanding (in respect of shares and securities)

-

-

Guarantees given by or on behalf of the Company

-

-

Statutory demands/ liabilities in dispute, not provided for

-

-

Reinsurance obligations to the extent not provided for in accounts

-

-

Others (to be specified)

-

-

Total

 

-

-


Premium Schedule 2020 / 2019

Form NL-4-Premium Schedule

RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • PREMIUM EARNED (NET)

(Rs. 000's)

 

Particulars

For the year ended March 31, 2020

 

Fire

Marine

Miscellaneous

 

Life

Total

 

Cargo

 

Others

 

Motor

 

Engineering

 

Workmen's Compensation / Employer's Liability

 

Public / Product Liability

 

Aviation

 

Personal Accident

 

Health

 

Credit

 

Others

 

Premium from direct business written Add : Premium on reinsurance accepted Less : Premium on reinsurance ceded
Net Premium

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

4,533,633

(2,054,990)

 

- 4,533,633

(2,054,990)

-

-

-

-

-

-

-

-

-

-

-

-

2,478,643

2,478,643

Adjustment for change in reserve for unexpired risks

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

(11,176,213)

 

(11,176,213)

Total Premium Earned (Net)

-

-

-

-

-

-

-

-

-

-

-

-

(8,697,570)

(8,697,570)

 

(Rs. 000's)

 

Particulars

For the year ended March 31, 2019

 

Fire

Marine

Miscellaneous

 

Life

 

Total

 

Cargo

 

Others

 

Motor

 

Engineering

Workmen's Compensation / Employer's Liability

Public / Product Liability

 

Aviation

 

Personal Accident

 

Health

 

Credit

 

Others

 

Premium from direct business written Add : Premium on reinsurance accepted Less : Premium on reinsurance ceded Net Premium

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

-

-

 

-

2,670,222

(1,208,735)

 

- 2,670,222

(1,208,735)

-

-

-

-

-

-

-

-

-

-

-

-

1,461,487

1,461,487

Adjustment for change in reserve for unexpired risks

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

(339,128)

 

(339,128)

Total Premium Earned (Net)

-

-

-

-

-

-

-

-

-

-

-

-

1,122,359

1,122,359

 

 

Note- As per regulation Regulation 3(2) of IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002, the foreign reinsurer branch (FRB) is mandated to follow the financial statements format of General Insurance Company. Due to the pre-defined financial statements format, the Gross Premium Reserve Movement (net of retro) is considered under the Premium schedule (Schedule 1) under the “Adjustment for change in reserve for unexpired risks”. The GPV reserve balance net of retrocession as of March 31st, 2020 is INR 11,362,627 (in thousands) as against the GPV reserve balance of INR 194,513 (in thousands) as of March 31st, 2019.


Claims Schedule 2020 / 2019

Form NL-5 - Claims Schedule

RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • CLAIMS INCURRED (NET)

(Rs. 000's)

 

Particulars

For the year ended March 31, 2020

 

Fire

Marine

Miscellaneous

 

Life

 

Total

 

Cargo

 

Others

 

Motor

 

Engineering

Workmen's Compensation / Employer's

Liability

Public / Product Liability

 

Aviation

 

Personal Accident

 

Health

 

Credit

 

Others

 

Direct Claims Paid

Add : Claims Outstanding at the end of the year

Less : Claims outstanding at the beginning of the year

Net Claims paid

Add : Re-insurance accepted Less : Re-insurance Ceded

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

- 1,709,947

831,389

 

- 1,709,947

831,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

878,558

2,354,800

-

878,558

2,354,800

-

Total claims incurred

-

-

-

-

-

-

-

-

-

-

-

-

3,233,358

3,233,358

 

(Rs. 000's)

 

Particulars

For the year ended March 31, 2019

 

Fire

Marine

Miscellaneous

 

Life

 

Total

 

Cargo

 

Others

 

Motor

 

Engineering

Workmen's Compensation / Employer's

Liability

Public / Product Liability

 

Aviation

 

Personal Accident

 

Health

 

Credit

 

Others

 

Direct Claims Paid

Add : Claims Outstanding at the end of the year

Less : Claims outstanding at the beginning of the year

Net Claims paid

Add : Re-insurance accepted Less : Re-insurance Ceded

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

-

-

 

-

 

- 831,389

164,195

 

- 831,389

164,194.99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

667,194

700,114

32,053

667,194

700,114

32,053

Total claims incurred

-

-

-

-

-

-

-

-

-

-

-

-

1,335,255

1,335,255

 

 


Commission Schedule 2020 / 2019

Form NL-6-Commission Schedule

RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • COMMISSION

(Rs. 000's)

 

Particulars

For the year ended March 31, 2020

 

Fire

Marine

Miscellaneous

 

Life

 

Total

 

Cargo

 

Others

 

Motor

 

Engineering

Workmen's Compensation / Employer's

Liability

Public / Product Liability

 

Aviation

 

Personal Accident

 

Health

 

Credit

 

Others

 

Commission Paid - Direct

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

Add : Reinsurance Accepted

-

-

-

-

-

-

-

-

-

-

-

-

3,885

3,885

Less : Re-insurance Ceded

-

-

-

-

-

-

-

-

-

-

-

-

(122,354)

(122,354)

TOTAL

-

-

-

-

-

-

-

-

-

-

-

-

(118,469)

(118,469)

Break-up of the Direct

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commission as per details

 

 

 

 

 

 

 

 

 

 

 

 

 

 

indicated below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Brokers

-

-

-

-

-

-

-

-

-

-

-

-

3,885

3,885

Corporate Agency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Referrals

Others - Re-insurance ceded

commission

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(122,354)

-

(1,22,354)

-

-

-

-

-

-

-

-

-

-

-

-

-

(118,469)

3,885

 

(Rs. 000's)

 

Particulars

For the year ended March 31, 2019

 

Fire

Marine

Miscellaneous

 

Life

 

Total

 

Cargo

 

Others

 

Motor

 

Engineering

Workmen's Compensation / Employer's

Liability

Public / Product Liability

 

Aviation

 

Personal Accident

 

Health

 

Credit

 

Others

 

Commission Paid - Direct

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

Add : Reinsurance Accepted

-

-

-

-

-

-

-

-

-

-

-

-

3,052

3,052

Less : Re-insurance Ceded

-

-

-

-

-

-

-

-

-

-

-

-

(70,127)

(70,127)

TOTAL

-

-

-

-

-

-

-

-

-

-

-

-

(67,075)

(67,075)

Break-up of the Direct

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commission as per details

 

 

 

 

 

 

 

 

 

 

 

 

 

 

indicated below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Brokers

-

-

-

-

-

-

-

-

-

-

-

-

3,052

3,052

Corporate Agency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Referrals

Others - Re-insurance ceded

commission

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(70,127)

-

(70,127)

-

-

-

-

-

-

-

-

-

-

-

-

-

(67,075)

(67,075)

 

 
Operating Expenses Schedule 2020 / 2019

Form NL-7- Operating Expenses Schedule

RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

(Rs. 000's)

 

Particulars

For the year ended March 31, 2020

 

Fire

Marine

Miscellaneous

 

Life

 

Total

 

Cargo

 

Others

 

Motor

 

Engineerin g

Workmen's Compensatio n / Employer's

Liability

 

Public / Product Liability

 

Aviation

 

Personal Accident

 

Health

 

Credit

 

Others

 

Employee's remuneration and welfare benefits

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

140,802

 

140,802

Travel, conveyance and vehicle running expenses

-

-

-

-

-

-

-

-

-

-

-

-

3,724

3,724

Accommodation Expenses

-

-

-

-

-

-

-

-

-

-

-

-

1,033

1,033

Membership/Registration and other filing Fees

-

-

-

-

-

-

-

-

-

-

-

-

3,227

3,227

Staff welfare expenses

-

-

-

-

-

-

-

-

-

-

-

-

2,736

2,736

Office Expenses / Maintenance

-

-

-

-

-

-

-

-

-

-

-

-

4,103

4,103

Training and education expenses

-

-

-

-

-

-

-

-

-

-

-

-

871

871

Rents, rates and taxes

-

-

-

-

-

-

-

-

-

-

-

-

15,511

15,511

Repairs and Maintenance

-

-

-

-

-

-

-

-

-

-

-

-

42

42

Printing and supplies

-

-

-

-

-

-

-

-

-

-

-

-

67

67

Communication expenses

-

-

-

-

-

-

-

-

-

-

-

-

142

142

Legal and professional charges

-

-

-

-

-

-

-

-

-

-

-

-

20,853

20,853

Auditor's fees, expenses etc.

 

 

 

 

 

 

 

 

 

 

 

 

-

 

a) as auditor

-

-

-

-

-

-

-

-

-

-

-

-

1,500

1,500

b) as adviser or in any other capacity, in

respect of

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

-

(i) Taxation matters

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(ii) Insurance matters

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(iii) Management services; and

-

-

-

-

-

-

-

-

-

-

-

-

-

-

c) in any other capacity (including Tax Aud

-

-

-

-

-

-

-

-

-

-

-

-

250

250

Advertisement and publicity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and Bank charges / Fees

-

-

-

-

-

-

-

-

-

-

-

-

3,262

3,262

Forex Gain / Loss

-

-

-

-

-

-

-

-

-

-

-

-

5,127

5,127

Recruitment Cost

-

-

-

-

-

-

-

-

-

-

-

-

10,426

10,426

Miscellaneous expenses

-

-

-

-

-

-

-

-

-

-

-

-

230

230

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

8,227

8,227

Business Promotion Expenses

-

-

-

-

-

-

-

-

-

-

-

-

3,485

3,485

Inadmissible GST Credit

-

-

-

-

-

-

-

-

-

-

-

-

91,978

91,978

Management Fees Expenses

-

-

-

-

-

-

-

-

-

-

-

-

12,970

12,970

Interunit charges and allocated expenses

-

-

-

-

-

-

-

-

-

-

-

-

104,271

104,271

Security Expenses

 

 

 

 

 

 

 

 

 

 

 

 

467

467

Interest on statutory dues

-

-

-

-

-

-

-

-

-

-

-

-

498

498

TOTAL

-

-

-

-

-

-

-

-

-

-

-

-

435,802

435,802

 

(Rs. 000's)

 

Particulars

For the year ended March 31, 2019

 

Fire

Marine

Miscellaneous

 

Life

 

Total

 

Cargo

 

Others

 

Motor

 

Engineerin g

Workmen's Compensatio n / Employer's

Liability

 

Public / Product Liability

 

Aviation

 

Personal Accident

 

Health

 

Credit

 

Others

 

Employee's remuneration and welfare benefits

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

123,095

 

123,095

Travel, conveyance and vehicle running expenses

-

-

-

-

-

-

-

-

-

-

-

-

3,113

3,113

Accommodation Expenses

-

-

-

-

-

-

-

-

-

-

-

-

1,353

1,353

Membership/Registration and other filing Fees

-

-

-

-

-

-

-

-

-

-

-

-

2,375

2,375

Staff welfare expenses

-

-

-

-

-

-

-

-

-

-

-

-

1,852

1,852

Office Expenses / Maintenance

-

-

-

-

-

-

-

-

-

-

-

-

1,475

1,475

Training and education expenses

-

-

-

-

-

-

-

-

-

-

-

-

1,010

1,010

Rents, rates and taxes

-

-

-

-

-

-

-

-

-

-

-

-

15,511

15,511

Repairs and Maintenance

-

-

-

-

-

-

-

-

-

-

-

-

118

118

Printing and supplies

-

-

-

-

-

-

-

-

-

-

-

-

111

111

Communication expenses

-

-

-

-

-

-

-

-

-

-

-

-

132

132

Legal and professional chargesAuditor's fees, expenses etc.

-

-

-

-

-

-

-

-

-

-

-

-

9,541

9,541

  1. as auditor

  2. as adviser or in any other capacity, in

respect of

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

-

 

-

1,200

 

-

1,200

-

(i) Taxation matters

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(ii) Insurance matters

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(iii) Management services; and

-

-

-

-

-

-

-

-

-

-

-

-

-

-

c) in any other capacity (including Tax Aud

-

-

-

-

-

-

-

-

-

-

-

-

250

250

Advertisement and publicity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and Bank charges / Fees

-

-

-

-

-

-

-

-

-

-

-

-

785

785

Forex Gain / Loss

-

-

-

-

-

-

-

-

-

-

-

-

1,295

1,295

Recruitment Cost

-

-

-

-

-

-

-

-

-

-

-

-

270

270

Miscellaneous expenses

-

-

-

-

-

-

-

-

-

-

-

-

65

65

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

2,793

2,793

Business Promotion Expenses

-

-

-

-

-

-

-

-

-

-

-

-

2,723

2,723

Inadmissible GST Credit

 

 

 

 

 

 

 

 

 

 

 

 

26,956

26,956

Management Fees Expenses

-

-

-

-

-

-

-

-

-

-

-

-

3,019

3,019

Interunit charges and allocated expenses

-

-

-

-

-

-

-

-

-

-

-

-

77,567

77,567

Security Expenses

 

 

 

 

 

 

 

 

 

 

 

 

771

771

Interest on statutory dues

-

-

-

-

-

-

-

-

-

-

-

-

1,480

1,480

TOTAL

-

-

-

-

-

-

-

-

-

-

-

-

278,860

278,860

 

Share Capital Schedule 2020 / 2019

Form NL-8- Share Capital Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • SHARE CAPITAL

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

Authorised Capital

 

-

 

-

Issued Capital

-

-

Subscribed Capital

-

-

Called Up Capital

-

-

Less : Calls unpaid

-

-

Add : Equity shares forfeited

-

-

Less : PAR Value of Equity Shares bought back

-

-

Less : Preliminary Expenses

-

-

Expenses including commission or brokerage on

-

-

Underwriting or subscription of shares

-

-

TOTAL

-

-


Notes: Not applicable as per Para 4 part (ii) of IRDAI Circular Ref. IRDA/F&A/CIR/CPM/056/03/2016.


Share Capital Schedule 2020 / 2019

Form NL-9-Pattern of Shareholding Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch

IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

  • PATTERN OF SHAREHOLDING

 

Shareholder

As at March 31, 2020

As at March 31, 2019

Number of Shares

% of Holding

Number of Shares

% of Holding

 

Promoters

 

 

 

 

- Indian

-

-

-

-

- Foreign

-

-

-

-

Others

-

-

-

-

TOTAL

-

-

-

-

 

Reserves and Surplus 2020 / 2019

Form NL-10-Reserve and Surplus Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

RESERVES AND SURPLUS

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

Capital Reserve

 

-

 

-

Capital Redemption Reserve

-

-

Share Premium

-

-

General Reserves

-

-

Less: Debit balance in Profit and Loss Account

-

-

Less: Amount utilized for Buy-back

-

-

Sub Total

-

-

Catastrophe Reserve

-

-

Other Reserves

-

-

Balance of Profit in Profit & Loss Account

-

-

TOTAL

-

-


Borrowings Schedule 2020 / 2019

Form NL-11-Borrowings Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

BORROWINGS

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

Debentures/ Bonds

 

-

 

-

Banks

-

-

Financial Institutions

-

-

Others

-

-

TOTAL

-

-

 

Investment Schedule 2020 / 2019

Form NL-12-Investment Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

INVESTMENTS - SHAREHOLDERS

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

LONG TERM INVESTMENTS

 

 

Government Securities and Government guaranteed bonds including treasury bills

8,966,210

4,504,873

Other Approved Securities

-

-

Other Investments

-

-

(a) Shares

-

-

(aa) Equity

-

-

(bb) Preference

-

-

(b) Mutual Funds

-

-

(c) Derivative Instruments

-

-

(d) Debentures/ Bonds

-

-

(e) Other Securities

-

-

(f) Subsidiaries

-

-

(g) Investment Properties-Real Estate

-

-

Investments in Infrastructure and Social Sector

1,670,018

875,769

Other than Approved Investments

-

-

SHORT TERM INVESTMENTS

-

-

Government Securities and Government guaranteed bonds including treasury bills

-

-

Other Approved Securities

-

-

Other Investments

-

-

(a) Shares

-

-

(aa) Equity

-

-

(bb) Preference

-

-

(b) Mutual Funds

-

-

(c) Derivative Instruments

-

-

(d) Debentures/ Bonds

-

-

(e) Other Securities (to be specified)

-

-

(f) Subsidiaries

-

-

(g)Investment Properties-Real Estate

-

-

Investments in Infrastructure , Social Sector and Housing

-

-

Other than Approved Investments

-

-

TOTAL

10,636,228

5,380,642

 

INVESTMENTS - POLICYHOLDERS

(Rs. 000's)

 

Particulars

As at March 31,

2020

As at March 31,

2019

 

LONG TERM INVESTMENTS

 

 

Government Securities and Government guaranteed bonds including treasury bills

11,975,972

1,190,143

 

Other Approved Securities

 

-

 

-

Other Investments

-

-

(a) Shares

-

-

(aa) Equity

-

-

(bb) Preference

-

-

(b) Mutual Funds

-

-

(c) Derivative Instruments

-

-

(d) Debentures/ Bonds

-

-

(e) Other Securities (to be specified)

-

-

(f) Subsidiaries

-

-

(g) Investment Properties-Real Estate

-

-

Investments in Infrastructure and Social Sector

 

2,230,608

 

231,370

Other than Approved Investments

 

 

SHORT TERM INVESTMENTS

-

-

Government Securities and Government guaranteed bonds including treasury bills

-

-

 

Other Approved Securities

 

-

 

-

Other Investments

 

 

(a) Shares

-

-

(aa) Equity

-

-

(bb) Preference

-

-

(b) Mutual Funds

-

-

(c) Derivative Instruments

-

-

(d) Debentures/ Bonds

-

-

(e) Other Securities (to be specified)

-

-

(f) Subsidiaries

-

-

(g)Investment Properties-Real Estate

-

-

Investments in Infrastructure , Social Sector and Housing

-

-

Other than Approved Investments

-

-

TOTAL

14,206,580

1,421,513

Loans Schedule 2020 / 2019

Form NL-13-Loans Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

LOANS

(Rs. 000's)

 

Particulars

As at March 31,

2020

As at March 31,

2019

 

Security-Wise Classification

 

 

Secured

 

 

(a) On mortgage of property

 

 

(aa) In India

-

-

(bb) Outside India

-

-

(b) On Shares, Bonds, Govt. Securities etc.

-

-

(d) Others

-

-

Unsecured

-

-

TOTAL

-

-

BORROWER-WISE CLASSIFICATION

-

-

(a) Central and State Governments

-

-

(b) Banks and Financial Institutions

-

-

(c) Subsidiaries

-

-

(d) Industrial Undertaking

-

-

(e) Others

-

-

TOTAL

-

-

PERFORMANCE-WISE CLASSIFICATION

-

-

(a) Loans classified as standard

-

-

(aa) In India

-

-

(bb) Outside India

-

-

(b) Non-standard loans less provisions

-

-

(aa) In India

-

-

(bb) Outside India

-

-

TOTAL

-

-

MATURITY-WISE CLASSIFICATION

-

-

(a) Short-Term

-

-

(b) Long-Term

-

-

Total

-

-


Cash And Bank Balance Schedule 2020 / 2019

Form NL-15-Cash And Bank Balance Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

CASH AND BANK BALANCES

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

Cash (including cheques,drafts and stamps)

 

-

 

-

Bank Balances

 

 

(a) Deposit Accounts

 

 

(aa) Short-term (due within 12 months

of the date of balance sheet)

-

-

(bb) Others

-

-

(b) Current Accounts

448,403

524,663

(c) Others

-

-

Money at Call and Short Notice

 

 

(a) With Banks

-

-

(b) With other Institutions

-

-

Others

-

-

Balances with non-scheduled banks included in 2 and 3 above

-

-

TOTAL

448,403

524,663

Advances And Other Assets Schedule 2020 / 2019

Form NL-16-Advances And Other Assets Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

ADVANCES AND OTHER ASSETS

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

ADVANCES

 

 

Reserve deposits with ceding companies

-

-

Application money for investments

-

-

Prepayments

2,095

1,588

Advances to Directors/Officers

-

-

Advance tax paid and taxes deducted at source (Net of provision for

taxation)

187,369

63,990

Others - Advances to employees

227

8

TOTAL (A)

189,691

65,586

 

OTHER ASSETS

Income accrued on investments Outstanding Premiums

Agents’ Balances

Foreign Agencies’ Balances

Due from other entities carrying on insurance business (including reinsurers)

Due from subsidiaries/ holding

Deposit with Reserve Bank of India (In Pursuant to Sec 7 of Insurance Act, 1938)

Others

  • Sundry Debtors

  • Input Tax Credit

  • Others

 

500,967

 

149,015

2,439,189

1,278,691

-

-

-

-

-

-

-

-

-

-

 

-

 

-

103,926

77,119

291

-

TOTAL (B)

3,044,373

1,504,825

 

 

 

TOTAL (A+B)

3,234,064

1,570,411

Current Liabilities Schedule 2020 / 2019

Form NL-17-Current Liabilities Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

CURRENT LIABILITIES

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

Agent's Balances

 

-

 

-

Balances due to other insurance companies Including Reinsurer /

Related party.

709,004

541,879

Deposits held on re-insurance ceded

-

-

Premiums received in advance

-

-

Unallocated premium

-

-

Sundry creditors

264,311

151,142

Due to subsidiaries/holding company

-

-

Claims Outstanding (Incl IBNR Claims)

4,211,362

1,567,292

Due to Officers/Directors

 

 

Others:

 

 

Current Account of Head Office

40,161

40,156

Statutory dues payable

172,768

168,983

Payable to employees

39

3,066

TOTAL

5,397,645

2,472,518

Provisions Schedule 2020 / 2019

Form NL-18-Provisions Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

PROVISIONS

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

Reserve for unexpired risk

 

11,701,449

 

525,236

For taxation (less payments and taxes deducted at source)

-

-

For proposed dividends

-

-

For dividend distribution tax

-

-

For employee benefits

 

 

- Gratuity

8,889

10,691

- Leave Encashment

6,661

6,287

- Bonus

3,839

4,395

Premium Deficiency Reserve

23,954

65,797

TOTAL

11,744,792

612,406

Misc. Expenditure Schedule 2020 / 2019

Form NL-19 Misc Expenditure Schedule

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

MISCELLANEOUS EXPENDITURE
(To the extent not written off or adjusted)

(Rs. 000's)

Particulars

As at March 31,

2020

As at March 31,

2019

 

Discount Allowed in issue of shares/ debentures Others

 

-

-

 

-

-

TOTAL

-

-

Form NL-19 Misc Expenditure Schedule

 

 

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch

 

 

IRDA Registration No. FRB/005

 

 

Date of Registration with the IRDAI : 21st December 2016

 

Receipts and Payments A/c to be furnished by the insurers on direct basis

 

 

(Rs. 000's)

 

For the year ended March

31, 2020

For the year ended March

31, 2019

 

I Cash flows from operating activities

 

Reinsurance Premium Received (Net of taxes) Other receipts

Payments to the re-insurers, net of commissions and claims

Payments to co-insurers, net of claims recovery Payments of claims

Payments of brokerage

Payments of other operating expenses Preliminary and pre-operative expenses Deposits, advances and staff loans

TDS Paid Retrocession Premium GST Taxes Paid

Other payments

 

Cash flows before extraordinary items Cash flow from extraordinary operations Net cash from operating Activities

  1. Cash flows from investing activities

     

    Purchase of Fixed Asset

    Proceeds from sale of fixed assets Purchase of Investments

    -Govt Bonds

    -Fixed Deposits Loans disbursed Sales of investments Repayments received

    Rents/Interests/ Dividends received (Net of Taxes )

    Investments in money market instruments and in liquid mutual funds (Net)* Expenses related to Investments

     

    Net cash flow from investing activities

     

  2. Cash flows from financing activities

 

Proceeds from Head office - Capital Account Proceeds from Head office - Current Account Proceeds from borrowing

Repayments of borrowing Interest/dividends paid

 

Net cash flow from financing activities

 

Effect of foreign exchange rates on cash and cash equivalents, net Net increase/(decrease) in cash and cash equivalent (I+II+III)

Cash and cash equivalent at beginning of the year

 

Cash and cash equivalent at the end of the year

 

3,452,833

-

-

- (1,985,525)

(3,687)

(245,568)

-

-

- (693,126)

-

 

1,957,318

- (126,661)

- (654,795)

(1,343)

(168,715)

-

- (355)

(252,241)

-

524,926

 

-

753,209

 

-

524,926

753,209

 

(3,773)

- (18,448,025)

 

815,030

 

(2,794)

 

(756)

- (5,939,669)

 

155,282

 

(579)

(17,639,562)

(5,785,721)

 

17,038,375

-

 

5,290,000

17,038,375

5,290,000

 

- (76,260)

524,663

 

- 257,488

267,175

448,403

524,663

Statement of Liabilities 2020 / 2019

Form NL-21-Statement of Liabilities

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

STATEMENT OF LIABILITIES

(Rs in Lakhs)

 

Particulars

As at March 31, 2020

As at March 31, 2019

Reserves for unexpired risks

Reserve for Outstanding

Claims

 

IBNR Reserves

 

Total

Reserves for unexpired risks

Reserve for Outstanding

Claims

 

IBNR Reserves

 

Total

Fire

-

-

-

-

-

-

-

-

Marine

-

-

-

-

-

-

-

-

Marine Cargo

-

-

-

-

-

-

-

-

Marine Hull

-

-

-

-

-

-

-

-

Miscellaneous

-

-

-

-

-

-

-

-

Motor

-

-

-

-

-

-

-

-

Engineering

-

-

-

-

-

-

-

-

Aviation

-

-

-

-

-

-

-

-

Liabilities

-

-

-

-

-

-

-

-

Life

117,014

25,152

16,962

159,128

5,252

9,466

6,207

20,925

Health Insurance

-

-

-

-

-

-

-

-

TOTAL

117,014

25,152

16,962

159,128

5,252

9,466

6,207

20,925



Geographical Distribution of Business 2020

Form NL-22-Geographical Distribution of Business

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch

IRDA Registration No. FRB/005

Date of Registration with the IRDAI : 21st December 2016

GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE YEAR ENDED 31 MARCH 2020

(Rs in Lakhs)

STATES

Fire

Marine (Cargo)

Marine (Hull)

Engineering

Motor Own

Motor Third

Liability

Personal

Medical

Overseas

Crop Insurance

All Other

Grand Total

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

For the qtr

Upto the qtr

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOT APPLICABLE