FORM NL-1-B-RA
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
REVENUE ACCOUNT FOR THE PERIOD ENDED ON Sep 30, 2022
(Amount in Rs. Lakhs)
Particulars

Schedule
Ref. Form
No.

LIFE

For the QuarterSep 30, 2022

1 Premiums earned (Net)
2 Profit/ Loss on sale/redemption of Investments
3 Interest, Dividend & Rent – Gross

NL-4

For Half year Ended
Sep 30, 2022

Total

For the QuarterSep 30, 2021

For Half Year Ended
Sep 30, 2021

For the QuarterSep 30, 2022

For Half year
Ended
Sep 30, 2022

For the QuarterSep 30, 2021

For Half Year Ended
Sep 30, 2021

3,632
59
3,554

8,794
114
7,065

4,277
6
2,790

9,390
6
5,551

3,632
59
3,554

8,794
114
7,065

4,277
6
2,790

9,390
6
5,551

-

-

25,15525,155--25,15525,155

4
7,248

4
15,97732,22840,103

4
7,248

415,97732,22840,103

3,283
(186)
1,036
(961)

7,013
(446)
2,071
(2,237)43,217
74
334
1,711

36,496
(190)
2,147
1,837

3,283
(186)
1,036
(961)

7,013
(446)
2,071
(2,237)43,217
74
334
1,711

36,496
(190)
2,147
1,837

3,172

6,401

45,33540,289

3,172

6,401

45,33540,289

4,076

9,575

(13,108)

(186)

4,076

9,575

(13,108)(186)

Transfer to Shareholders’ Account

4,076

9,575

(13,108)

(186)

4,076

9,575

(13,108)(186)

Transfer to Catastrophe Reserve

-

-

-

-

-

-

-

-

Transfer to Other Reserves (to be specified)

-

-

-

-

-

-

-

-

4,076

9,575

(13,108)

(186)

4,076

9,575

(13,108)(186)

For Half Year Ended
Sep 30, 2021

For the QuarterSep 30, 2022

For Half year
Ended
Sep 30, 2022

Note 14 Other(a) Contribution from the Shareholders' Account(i) Towards deficit in Policyholder Fund(ii) Others
TOTAL (A)6789Claims Incurred (Net)
Commission
Operating Expenses related to Insurance BusinessPremium Deficiency

NL-5
NL-6
NL-7

TOTAL (B)
10 Operating Profit/(Loss)
C= (A - B)
11 APPROPRIATIONSTOTAL (C)Note - 1
Pertaining to Policyholder’s funds
For the QuarterSep 30, 2022

Interest, Dividend & Rent
Add/Less:Investment Expenses
Amortisation of Premium/ Discount on Investments
Amount written off in respect of depreciated investments
Provision for Bad and Doubtful Debts
Provision for diminution in the value of other than actively traded
Equities
Investment income from PoolInterest, Dividend & Rent – Gross*

LIFE
For Half year Ended
For the QuarterSep 30, 2022
Sep 30, 2021

Total
For the QuarterSep 30, 2021

For Half Year Ended
Sep 30, 2021

3,840

7,662

3,024

6,014

3,840

7,662

3,024

6,014

(286)

(597)

(234)

(462)

(286)

(597)

(234)

(462)

3,554

7,065

2,790

5,551

3,554

7,065

2,790

5,551

* Term gross implies inclusive of TDS
Note- Other Segments of Business like Fire, Marine, Motor, health & others are not applicable to RGA Life Reinsurance Company of Canada - India Branch

Page 1 of 1

FORM NL-2-B-PL
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED ON Sep 30, 2022
Particulars(Amount in Rs. Lakhs)
For the Quarter
For Half Year
Sep 30, 2021
Ended
Sep 30, 2021

For the QuarterSep 30, 2022

For Half year
Ended
Sep 30, 2022

4,076

9,575

(13,108)

(186)

1,329
-

2,596
-

1,717
3
-

3,250
3
-

(70)

(133)

(133)

(250)

-

-

0

0

5,336

12,039(11,519)

2,818

-

-

-

-

6

10

-

-

-

-

25,15525,1556

10

25,15525,155

6 Profit/(Loss) Before Tax

5,330

12,029(36,674)(22,337)

7 Provision for Taxation

-

-

(230)

(230)

5,330

12,029(36,905)(22,567)--

1 OPERATING PROFIT/(LOSS)(a) Fire Insurance(b) Marine Insurance(c) Miscellaneous Insurance(d) Life
2 INCOME FROM INVESTMENTS(a) Interest, Dividend & Rent – Gross(b) Profit on sale of investments(c) (Loss on sale/ redemption of investments)(d) Amortization of Premium / Discount on
Investments
3 OTHER INCOME (To be specified)
TOTAL (A)4 PROVISIONS (Other than taxation)(a) For diminution in the value of investments(b) For doubtful debts(c) Others (to be specified)
5 OTHER EXPENSES(a) Expenses other than those related toInsurance Business(b) Bad debts written off(c) Interest on subordinated debt(d) Expenses towards CSR activities(e) Penalties(f) Contribution to Policyholders' A/c(i) Towards deficit in Policyholder Fund

Schedule Ref. Form
No.

NL-1

(g)
Others (Please specify)(i) ______(ii)______TOTAL (B)

8 Profit / (Loss) after tax
9 APPROPRIATIONS(a) Interim dividends paid during the year(b) Final dividend paid(c) Transfer to any Reserves or Other Accounts(to be specified)Balance of profit/ loss brought forward from lastyear
Balance carried forward to Balance Sheet--(2,38,072)(2,44,771)(1,25,067)(1,39,405)(2,32,742)(2,32,742)(1,61,972)(1,61,972)

FORM NL-3-B-BS
Name of the Insurer:RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
BALANCE SHEET AS AT Sep 30, 2022

Particulars
SOURCES OF FUNDSRESERVES AND SURPLUS
Head Office Account
FAIR VALUE CHANGE ACCOUNT-Shareholders' Funds-Policyholders' Funds
BORROWINGSTOTALAPPLICATION OF FUNDSINVESTMENTS-Shareholders
INVESTMENTS-Policyholders
LOANS
FIXED ASSETSDEFERRED TAX ASSET (Net)
CURRENT ASSETS
Cash and Bank Balances
Advances and Other Assets
Sub-Total (A)DEFERRED TAX LIABILITY (Net)
CURRENT LIABILITIESPROVISIONS
Sub-Total (B)NET CURRENT ASSETS (C) = (A - B)
MISCELLANEOUS EXPENDITURE (to theextent not written off or adjusted)
DEBIT BALANCE IN PROFIT AND LOSSACCOUNTTOTAL

Schedule Ref.
Form No.

As At Sep 30,
2022

NL-10
NL-10A(Amount in Rs. Lakhs)
As At Sep 30, 2021

3,39,009

2,51,817

574
270

2
5

3,39,854

2,51,824

NL-12
NL-12A
NL-13
NL-14

93,286
2,19,549

85,910
1,94,376

287

369

NL-15
NL-16

2,363
56,13158,4932,523
43,35645,879

NL-17
NL-18

2,63,733
772
2,64,504(2,06,011)

2,32,242
4,441
2,36,683(1,90,804)

2,32,742

1,61,972

3,39,854

2,51,824

NL-11

NL-19

CONTINGENT LIABILITIESAs At Sep 30,
2022

Particulars
1. Partly paid-up investments
2. Claims, other than against policies, not acknowledged as
3. Underwriting commitments outstanding (in respect of
4. Guarantees given by or on behalf of the Company
5.Statutory demands/ liabilities in dispute, not provided for
6. Reinsurance obligations to the extent not provided for in
TOTAL

Page 1 of 1

As At Sep 30, 2021--

FORM NL-4-PREMIUM SCHEDULE
Name of the Insurer:RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016

Grand Total

LIFE
For theQuarter
Sep 30,2022

Particulars

Gross Direct Premium(a)Add: Premium on reinsurance accepted(a)Less : Premium on reinsurance ceded
Net Written Premium
Add: Opening balance of UPR
Less: Closing balance of UPR
Net Earned Premium

For Half year
Ended
Sep 30, 2022

For theQuarter
Sep 30, 2022

For Half
year Ended
Sep 30,2022

15,119(7,560)
7,560
1,550
315
8,794

6,206
(3,103)
3,103
844
315
3,632

15,119(7,560)
7,560
1,550
315
8,794

6,206
(3,103)
3,103
844
315
3,632

Previous Year
Grand Total

LIFE
Particulars

For theQuarter
Sep 30,2021

For Half year
Ended
Sep 30, 2021

For theQuarter
Sep 30, 2021

For Half
year Ended
Sep 30,2021

20,541(11,682)
8,859
2,063
1,532
9,390

11,431(7,127)
4,304
1,504
1,532
4,277

20,541(11,682)
8,859
2,063
1,532
9,390

Gross Direct Premium(a)Add: Premium on reinsurance accepted(a)Less : Premium on reinsurance ceded
Net Written Premium
Add: Opening balance of UPR
Less: Closing balance of UPR
Net Earned Premium

11,431(7,127)
4,304
1,504
1,532
4,277

*Other Segments of Business like Fire, Marine, Motor, health & others are not applicable to RGA Life
Reinsurance Company of Canada - India Branch

Page 1 of 1

FORM NL-6-COMMISSION SCHEDULE
Name of the Insurer:RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016

Particulars(Amount in Rs. Lakhs)
Grand Total

LIFE

For the Quarter For Half year
Sep 30, 2022
Ended
Sep 30, 2022

Commission & Remuneration
Rewards
Distribution fees
Gross Commission
Add: Commission on Re-insurance
Accepted
Less: Commission on Re-insurance
Ceded
Net Commission

Previous Year
Particulars

-

7

(186)
(186)

(453)
(446)

-

For Half year
Ended
Sep 30, 2022

7

(186)
(186)

(453)
(446)

(Amount in Rs. Lakhs)
Grand Total

Total Miscellaneous
For the Quarter For Half year
Sep 30, 2021
Ended
Sep 30, 2021

Commission & Remuneration
Rewards
Distribution fees
Gross Commission
Add: Commission on Re-insurance
Accepted
Less: Commission on Re-insurance
Ceded
Net Commission

For theQuarter
Sep 30, 2022

For theQuarter
Sep 30, 2021

For Half year
Ended
Sep 30, 2021

3

11

3

11

71
74

(201)
(190)

71
74

(201)
(190)

Page 1 of 1

FORM NL-7-OPERATING EXPENSES SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Particulars(Amount in Rs. Lakhs)
Grand Total

LIFE

For the QuarterSep 30, 2022

For Half year
Ended
Sep 30, 2022

For theQuarter
Sep 30, 2022

For Half year
Ended
Sep 30, 2022

1 Employees’ remuneration & welfare benefits
2 Travel, conveyance and vehicle running
expenses
3 Training expenses
4 Rents, rates & taxes
5 Repairs
6 Printing & stationery
7 Communication expenses
8 Legal & professional charges
9 Auditors' fees, expenses etc.
(a) as auditor(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
10 Advertisement and publicity
11 Interest & Bank Charges
12 Depreciation
13 Brand/Trade Mark usage fee/charges
14 Business Development and Sales Promotion
Expenses
15 Information Technology Expenses
16 Goods and Services Tax (GST)
17 Others (to be specified)a
Accommodation Expenses
Membership/Registration and other filing Fees

463
9

857
13

463
9

857
13

7
34
0
1
(16)
(8)
-

7
68
0
0
1
14
3
-

7
34
0
1
(16)
(8)
-

7
68
0
0
1
14
3
-

-

-

-

-

3
22
3

8
44
3

3
22
3

8
44
3

(80)
5
5

-

-

5
10

(80)
5
5

Staff welfare expenses
Office Expenses / MaintenanceForex Gain / Loss
Recruitment Cost
Miscellaneous expenses
Management Fees Expenses
Interunit charges and allocated expenses
Postage and Courier
Security Expenses
Coronavirus Related Expenses
Interest on statutory dues
TOTAL

9
4
99
12
1
87
372
1
1
3
1,036

11
10
114
12
1
173
709
2
1
3
2,071

9
4
99
12
1
87
372
1
1
3
1,035

Page 1 of 2

5
10
11
10
114
12
1
173
709
2
1
3
2,071

FORM NL-7-OPERATING EXPENSES SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Particulars(Amount in Rs. Lakhs)
Grand Total

LIFE

Previous Period
For the QuarterSep 30, 2021
1 Employees’ remuneration & welfare benefits

241

For Half year
Ended
Sep 30, 2021
628

For theQuarter
Sep 30, 2021
241

For Half year
Ended
Sep 30, 2021
628

0

1

0

1

0
39
0
1
37
4
-

0
78
1
1
82
8
-

0
39
0
1
37
4
-

0
78
1
1
82
8
-

-

4
25
-

13
50
-

2 Travel, conveyance and vehicle running
expenses
3 Training expenses
4 Rents, rates & taxes
5 Repairs
6 Printing & stationery
7 Communication expenses
8 Legal & professional charges
9 Auditors' fees, expenses etc.
(a) as auditor(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
10 Advertisement and publicity
11 Interest & Bank Charges
12 Depreciation
13 Brand/Trade Mark usage fee/charges
14 Business Development and Sales Promotion
Expenses
15 Information Technology Expenses
16 Goods and Services Tax (GST)
17 Others (to be specified)a
Accommodation Expenses
Membership/Registration and other filing Fees

4
25
-

13
50
-

206
0
6

370
0
11

206
0
6

370
0
11

Staff welfare expenses
Office Expenses / MaintenanceForex Gain / Loss
Recruitment Cost
Miscellaneous expenses
Management Fees Expenses
Interunit charges and allocated expenses
Postage and Courier
Security Expenses
Coronavirus Related Expenses
Interest on statutory dues
TOTAL

1
2
(401)
0
(230)
76
321
1
1
0
334

2
5
107
4
1
148
625
2
2
8
2147

1
2
(401)
0
(230)
76
321
1
1
0
334

2
5
107
4
1
148
625
2
2
8
2147

Page 2 of 2

FORM NL-10-RESERVE AND SURPLUS SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December
2016

Particulars
1 Capital Reserve
2 Capital Redemption Reserve
3 Share Premium
4 General Reserves
Less: Amount utilized for Buy-backLess: Amount utilized for issue of Bonus
shares5 Catastrophe Reserve
6 Other Reserves (to be specified)
7 Balance of Profit in Profit & Loss Account
TOTAL(Amount in Rs. Lakhs)
As at Sep 30, 2022 As at Sep 30, 2021
-

-

-

-

FORM NL-10A-HEAD OFFICE ACCOUNT SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st
December 2016
(Amount in Rs. Lakhs)
As at Sep 30,
As at Sep 30,
Particulars
2022
2021
Opening Balance of Assigned capital
3,39,009
2,33,284
Add: Addition during the year
18,534
Closing Balance of Assigned Capital*
3,39,009
2,51,817
TOTAL
3,39,009
2,51,817
Note: *Represents irreversible fixed amount funded by Head Office per terms of licensed
issued by the Authority and no amount/balance shall be transferred out of the Country
without approval of the Authority.

FORM NL-11-BORROWINGS SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016

Particulars

As at Sep 30, 2022

1 Debentures/ Bonds
2 Banks
3 Financial Institutions
4 Others (to be specified)

TOTAL(Amount in Rs. Lakhs)
As at Sep 30, 2021

-

-

-

-

Notes:
SL. NO.

SOURCE /INSTRUMENTAMOUNT
BORROWED(Amount in Rs. Lakhs)
NATURE OF
AMOUNT OF SECURITY
SECURITYFORM NL-12 & 12A -INVESTMENT SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016

Particulars

LONG TERM INVESTMENTS
1 Government securities and Government guaranteedbonds including Treasury Bills
2 Other Approved Securities
3 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
4 Investments in Infrastructure and Housing
5 Other than Approved Investments
TOTAL
SHORT TERM INVESTMENTS
1 Government securities and Government guaranteedbonds including Treasury Bills
2 Other Approved Securities
3 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
4 Investments in Infrastructure and Housing
5 Other than Approved Investments
TOTAL
GRNAD TOTAL

NL -12
Shareholders
As at Sep 30,
As at Sep 30,
2022
2021

NL -12A
Policyholders
As at Sep 30,
As at Sep 30,
2022
2021

(Amount in Rs. Lakhs)
Total
As at Sep 30, As at Sep 30, 2021
2022

63,68065,723

1,73,286

1,48,686

2,36,966

2,14,409

13,186

14,59838,52533,02551,711

47,622

76,86680,321

2,11,811

1,81,710

2,88,677

2,62,032

-

-

-

-

16,420
-

5,589
-

7,738
-

16,42093,286

5,589
85,9107,738
2,19,549--

12,666-24,159-18,255-

12,666
1,94,376

24,1593,12,836-

18,255
2,80,287

A) Aggregate value of Investments other than Listed Equity Securities and Derivative Instruments

Particulars

Shareholders
As at Sep 30,
As at Sep 30,
2022
2021

Policyholders
As at Sep 30,
As at Sep 30,
2022
2021

(Amount in Rs. Lakhs)
Total
As at Sep 30, As at Sep 30, 2021
2022

Long Term Investments-Book Value
market Value

76,86673,74280,321
82,6102,11,811
2,08,212

1,81,710
1,86,909

2,88,677
2,81,955

2,62,032
2,69,520

Short Term Investments-Book Value
market Value

16,42016,420

5,589
5,589

7,738
7,738

12,666
12,66624,15924,15918,255
18,255

Page 1 of 1

FORM NL-13-LOANS SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016

Particulars(Amount in Rs. Lakhs)
As at Sep 30, 2022
As at Sep 30, 2021

1 SECURITY-WISE CLASSIFICATION
Secured(a) On mortgage of property(aa) In India(bb) Outside India(b) On Shares, Bonds, Govt. Securities(c) Others (to be specified)UnsecuredTOTAL
2 BORROWER-WISE CLASSIFICATION(a) Central and State Governments(b) Banks and Financial Institutions(c) Subsidiaries(d) Industrial Undertakings(e) Companies(f) Others (to be specified)
TOTAL
3 PERFORMANCE-WISE CLASSIFICATION(a) Loans classified as standard(aa) In India(bb) Outside India(b) Non-performing loans less provisions(aa) In India(bb) Outside India
TOTAL
4 MATURITY-WISE CLASSIFICATION(a) Short Term(b) Long Term
TOTAL

-

-

-

-

-

-

-

-

Provisions against Non-performing Loans
Non-Performing Loans
Sub-standard
Doubtful
Loss
Total

Loan Amount(Rs. Lakhs)

Provision(Rs. Lakhs)--

FORM NL-14-FIXED ASSETS SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Particulars

Goodwill
Intangibles -Software
Land-Freehold
Leasehold Property
Buildings
Furniture & Fittings
Information Technology Equipment
VehiclesOffice Equipment
Others (Specify nature)
TOTAL
Work in progress
Grand Total
PREVIOUS YEAR

Opening
1st Apr 2022
561
67
11
640
640
629

Cost/ Gross Block
Additions Deductions
5
2
7
7
3

-

Depreciation
Closing
Up to Last Year For The Period On Sales/
To DateAdjustments 30th Sep 2022
30th Sep 2022 31st March 2022
561
247
40
287
72
61
4
64
13
7
1
8
646
315
44
359
646
315
44
359
632
213
50
264

Note:
(a) Assets included in land, property and building above exclude Investment Properties as defined in note (e) to Form NL-12-Investment Schedule.

(Amount in Rs. Lakhs)
Net BlockAs at Sep 30, 2022
As at Sep 30, 2021
275
8
5
287
287
369

354
10
5
369
369
416

FORM NL-15-CASH AND BANK BALANCE SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
(Amount in Rs. Lakhs)
As at Sep 30, 2022
As at Sep 30, 2021
Particulars
1 Cash (including cheques (a), drafts and stamps)
2 Bank Balances(a)
Deposit Accounts(aa) Short-term (due within 12 months)(bb) Others(b)Current Accounts(c)Others (to be specified)
3 Money at Call and Short Notice(a) With Banks(b) With other Institutions
4 Others (to be specified)
TOTAL
Balances with non-scheduled banks included in 2 and 3
above
CASH & BANK BALANCESIn India
Outside India* Cheques on hand amount to Rs. 0 (in Lakh) Previous Year : Rs. 0 (in Lakh)

2,363
-

2,523
-

2363

2523

-

-

2,363
-

2,523
-

-

FORM NL-16A-ADVANCES AND OTHER ASSETS SCHEDULE (FRBs)
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016

Particulars
ADVANCES
1 Reserve deposits with ceding companies
2 Application money for investments
3 Prepayments
4 Advances to Directors/Officers
5 Advance tax paid and taxes deducted at source (Net ofprovision for taxation)
6 Others - Advances to employees

TOTAL (A)OTHER ASSETS
1 Income accrued on investments
2 Outstanding Premiums
Less : Provisions for doubtful debts
3 Agents’ Balances
4 Foreign Agencies Balances
5 Due from other entities carrying on insurance
business (including reinsurers)
Less : Provisions for doubtful debts
6 Due from subsidiaries/ holding
7 Current Account of Head Office*
8 Other- Input Tax Credit

OthersTOTAL (B)
TOTAL (A+B)
Notes:(Amount in Rs. Lakhs)
As at Sep 30, 2022 As at Sep 30, 2021

27
2,084

2,266

0

0

2,111

2,288

6,235
12,984

5,590
11,631

34,41023,202

134

645

257

1

54,01956,131

41,06943,35622(a) The items under the above heads shall not be shown net of provisions for doubtful amounts. The
amount of provision against each head should be shown separately.

(b) The term ‘officer’ should conform to the definition of that term as given under the Companies Act.

FORM NL-17A -CURRENT LIABILITIES SCHEDULE (FRBs)
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December
2016

Particulars(Amount in Rs. Lakhs)
As at Sep 30, As at Sep 30,
2022
2021
4,638
3,236
2,57,833
2,26,502
1,249
2,493
13
12
2,63,733
2,32,242

Agents’ Balances
Balances due to other insurance companies
Deposits held on re-insurance ceded
Premiums received in advance(a) For Long term policies(b) for Other Policies
5 Unallocated Premium
6 Sundry creditors
7 Due to subsidiaries/ holding company
8 Claims Outstanding (Incl IBNR Claims)
9 Due to Officers/ Directors
10 Current Account of Head Office*11 Interest payable on debentures/bonds
12 GST Liabilities
13 Others -Statutory dues payable
Others- Payable to employees
TOTAL
Note:
(a) Long term policies are policies with more than one year tenure
1
2
3
4

FORM NL-18-PROVISIONS SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December
2016

1
2
3
4

Particulars
Reserve for Unexpired Risk
Reserve for Premium Deficiency
For taxation (less advance tax paid and taxes
deducted at source)
For Employee Benefits
TOTAL(Amount in Rs. Lakhs)
As at Sep 30, As at Sep 30, 2021
2022
315
1,532
3
2,701
454
772

208
4,441

FORM NL-19 MISC EXPENDITURE SCHEDULE(To the extent not written off or adjusted)
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016

Particulars
1
2Discount Allowed in issue of shares/ debentures
Others (to be specified)
TOTAL(Amount in Rs. Lakhs)
As at Sep
As At Sep 30, 2021
30, 2022-

Notes:(a) No item shall be included under the head “Miscellaneous Expenditure” and carried forward
1. some benefit from the expenditure can reasonably be expected to be received in future, and 2.
the amount of such benefit is reasonably determinable.
(b) The amount to be carried forward in respect of any item included under the head
“Miscellaneous Expenditure” shall not exceed the expected future revenue/other benefits related tothe expenditure.

FORM NL-21-RELATED PARTY TRANSACTIONS SCHEDULE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
For the Quarter Ending: 30th Sep 2022
PART-A Related Party Transactions
Sl.No.

1

2

3

4
5

1

Name of theRelated Party

Nature ofRelationship with
the Company

RGA Life
Reinsurance
Head Office
Company of Canada
RGA International
Reinsurance
Company dac
RGA International
Reinsurance
Company dac
RGA International
Reinsurance
Company dac
RGA Enterprise
Services Company

Consideration paid / received1 (Rs. in Lakhs)
Description of
For Half year
For Half year
Transactions /For the Quarter
For the Quarter
Ended
Ended
Categories
Sep 30, 2022
Sep 30, 2021
Sep 30, 2022
Sep 30, 2021
Amount Received
from Head Officeas Capital-Group Company

Retro Premium

3,103Group Company

Retro Claims(5,564)

Group Company

Retro
Commission(186)

Group Company

Shared Services
Expenses

459

-

-

18,533

7,560

7,127

11,682(8,493)(35,294)(38,248)

(453)

71

(201)

882

397

777

including the premium flow through Associates/ Group companies as agents and intermediaries
PART-B Related Party Transaction Balances - As at the end of the Quarter 30th Sep 2022

Sl.No.

1

2

3
4

Name of theRelated Party

RGA Life
Reinsurance
Company of Canada
RGA International
Reinsurance
Company dac
RGA International
Reinsurance
Company dac
RGA Enterprise
Services Company

Nature ofRelationship with
the Company

Amount of
Outstanding
Balances
includingCommitments(Rs. in Lakhs)

Whether
Payable /Receivable

Whether
Secured?
If so,Nature ofconsideration
to be provided
at the time ofsettlement

Details of any
Guarantees
givenor
received

Balance under
Expenses
Provision for
doubtful debts recognised up to therelating to the quarter end during
the year in respect
outstandingof bad or dobutfulbalancedebts
due from thereceivable
related party(Rs. in Lakhs)(Rs. in Lakhs)

Head Office

1,763 Payable

Nil

Nil

Nil

Nil

Group Company

63,000 Retro Receivable

Nil

Nil

Nil

Nil

Group Company

28,590 Payable

Nil

Nil

Nil

Nil

Group Company

3,459 Payable

Nil

Nil

Nil

Nil

FORM NL-28-STATEMENT OF INVESTMENT ASSETS AND STATEMENT OF ACCRETION OF ASSETSPART - A
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022
Statement of Investment Assets (General Insurer including an insurer carrying on business of re-insurance or health insurance)(Business within India)(Rs. in Lakhs)

Periodicity of Submission: Quarterly
Section I
No
1

PARTICULARSSCH ++
8

93,286
2,19,549

Investments (Policyholders)

8A

2

Loans

9

3

Fixed Assets

104Current Assets

5

AMOUNT

Investments (Shareholders)287

a. Cash & Bank Balance

11

2,363

b. Advances & Other Assets

12

56,131

Current Liabilities
13

2,63,733

b. Provisions

14

772

c. Misc. Exp not Written Off

15

a. Current Liabilities

2,32,742

d. Debit Balance of P&L A/c
6844

Credit/ (Debit) Fair Value Change AccountApplication of Funds as per Balance Sheet (A)3,39,009

Less: Other Assets

SCH ++

Amount1

Loans (if any)

2

Fixed Assets (if any)

10

287

3

Cash & Bank Balance (if any)

11

2,363

9

4

Advances & Other Assets (if any)

12

56,131

5

Current Liabilities

13

2,63,733

6

Provisions

14

772

7

Misc. Exp not Written Off

15

8

Investments held outside India

9

Debit Balance of P&L A/c

10

Credit/ (Debit) Fair Value Change Account2,32,742
844

Total (B)26,174'Investment Assets'

3,12,836(A-B)

Section IISH
No'Investment' represented as

PHBook Value(SH + PH)%
ActualFVC
Amount

Total

(b)

(c)

d = (a+b+c)

e = (d-a)%(f)(g)=(d+f)

Balance

FRSM+

(a)

Reg. %

Market
Value
(h)

1

Central Govt. Securities

Not less than
20%-

63,680

1,73,286

2,36,966

75.95%-

2,36,966

2,30,725

2

Central Govt Sec, State Govt Sec or Other Approved
Securities (incl (1) above)

Not less than30%-

63,680

1,73,286

2,36,966

75.95%-

2,36,966

2,30,725

3

Investment subject to Exposure Norms
a. Housing / Infra & Loans to SG for Housing andFFE
Not less than
1. Approved Investments
15%-

13,18638,52551,711

16.57%-

51,711

51,230Not
exceeding55%-

15,847

7,468

23,315

7.47%

844

24,15924,159100%-

92,713

2,19,279

3,11,992

100%

844

3,12,836

3,06,114

2. Other Investments
b. Approved Investments
c. Other Investments
Investment Assets
PART - B
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022
Statement of Accretion of Assets(Rs. Lakhs)(Business within India)
Periodicity of Submission : QuarterlyNo

Category of Investments

COI

Opening Balance
as on 1st Jul 2021

% toOpening
Balance(A)

Net
Accretion for
the Qtr.

% to Total
Accrual

(B)

TOTAL

% to Total

(A+B)

1

Central Govt. Securities

2,28,834

76.45%

8,132

60.24%

2,36,966

75.75%

2

Central Govt Sec, State Govt Sec or Other Approved
Securities (incl (i) above)

2,28,834

76.45%

8,132

60.24%

2,36,966

75.75%

3

Investment subject to Exposure Norms

-

-

-

1. Approved Investments

-

-

-

2. Other Investments

-

-

-

a. Housing & Loans to SG for Housing and FFE

b. Infrastructure Investments
1. Approved Investments
2. Other Investments

45,16615.09%

6,544

8.46%

(1,176)25,335c. Approved Investments-

d. Other Investments (not exceeding 15%)
Total

2,99,336

Note:

1. Total (A+B), fund wise should tally with figures shown in Form 3B (Part A)
2. Investment Regulations, as amended from time to time, to be referredPage 1 of 1

48.48%

51711-8.71%

24159

100.00%13,50016.53%

7.72%

100.00%3,12,836

100.00%FORM NL-29-DETAIL REGARDING DEBT SECURITIESName of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022
(Amount in Rs. Lakhs)
Detail Regarding debt securities
MARKET VALUE
As at 30th Sep
as % of total As at 30th Sep as % of total As at 30th Sep
2022
for this class 2021
for this class 2022

Book Valueas % of total
As at 30th Sep 2021
for this class

as % of total
for this class

Break down by credit rating
Investments in Sovereign instruments
AAA rated
AA or better
Rated below AA but above A
Rated below A but above B
Liquid Mutual Fund

2,30,725
51,23024,15975%
17%
8%2,20,308
49,212
18,25577%
17%
6%2,36,966
51,711
24,15976%
17%
8%2,14,409
47,622
18,25576%
17%
7%

Total (A)

3,06,113

100%

2,87,775

100%

3,12,836

100%

2,80,287

100%

BREAKDOWN BY RESIDUALMATURITY
Up to 1 year
more than 1 year and upto 3years
More than 3years and up to 7years
More than 7 years and up to 10 years
above 10 years
Liquid Mutual Fund
Total (B)

4,014
44,39091,09685,46456,99024,1593,06,113

1%
15%
30%
28%
19%
8%
100%

25,01539,052
78,972
62,484
63,996
18,255
2,87,775

9%
14%
27%
22%
22%
6%
100%

3,993
44,36992,55988,17559,581
24,1593,12,836

1%
14%
30%
28%
19%
100%

24,35937,131
76,13660,991
63,415
18,255
2,80,287

9%
13%
27%
22%
23%
0%
100%

Breakdown by type of the issuer
a. Central Governmentb. State Governmentc. Corporate Securities
Liquid Mutual Fund
Total (C )2,30,725
51,23024,1593,06,113

75%
17%
8%
100%

2,20,308
49,212
18,255
2,87,775

77%
17%
6%
100%

2,36,966
51,711
24,1593,12,836

76%
17%
8%
100%

2,14,409
47,622
18,255
2,80,287

76%
17%
7%
100%

FORM NL-30 -DETAILS OF NON-PERFORMING ASSETSName of the Insurer: RGA Life Reinsurance Company of Canada - India Branch

Date:

Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016

Name of the Fund

Statement as on: 30th Sep 2022
Bonds / Debentures
NO

1

PARTICULARSYTD ( As on
date)

Prev. FY ( Ason 31 Mar
…..)

Loans
YTD ( As on
date)

Prev. FY ( Ason 31 Mar…..)

Other Debt instruments
YTD ( As on
date)

Prev. FY ( Ason 31 Mar…..)

Investments Assets

2

Gross NPA

3

% of Gross NPA on Investment Assets (2/1)

4Provision made on NPA

5Provision as a % of NPA (4/2)

6Provision on Standard Assets

7

Net Investment Assets (1-4)

8

Net NPA (2-4)

9% of Net NPA to Net Investment Assets (8/7)

10 Write off made during the period

NIL(Amount in Rs. Lakhs)
All Other Assets
TOTAL
YTD ( As on
date)

Prev. FY ( Ason 31 Mar…..)YTD ( As on
date)

Prev. FY ( Ason 31 Mar…..)FORM NL-31-STATEMENT OF INVESTMENT AND INCOME ON INVESTMENT
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022
Statement of Investment and Income on Investment(Amount in Rs. Lakhs)
Periodicity of Submission: Quarterly
Current Quarter
Year to Date (current year)
Year to Date (previous year)3
IncomeIncome
Gross
Net
Gross
Net
Gross
Net
No.
Category of Investment Category Code Investmenon
Investmenon
Investmen Income on Investment
Yield Yield
Yield Yield
Yield Yieldt (Rs.)¹
Investmet (Rs.)¹
Investmet (Rs.)¹(Rs.)(%)¹ (%)²(%)¹ (%)²(%)¹ (%)²
nt (Rs.)nt (Rs.)2,33,641
1
Central Govt. Securities
CGSB
3,900 1.67% 1.67%
2,31,362
7,759 3.35% 3.35%
2,04,371
6,896 3.37% 3.37%
48,063
2
Infrastructure Bonds
IPTD
913 1.90% 1.90%
47,372
1,769 3.73% 3.73%
43,701
1,655 3.79% 3.79%
25,3883
Liquid Fund - MF
EGMF
59 0.23% 0.23%
25,542114 0.45% 0.45%472
10 2.12% 2.12%
3,07,093
4,872 1.59% 1.59% 3,04,275
9,642 3.17% 3.17% 2,48,544
8,561 3.44% 3.44%
TOTAL

FORM NL-32-STATEMENT OF DOWN GRADED INVESTMENTS

Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022
Statement of Down Graded Investments
Periodicity of Submission: Quarterly(Amount in Rs. Lakhs)
No

Name of the Security

A.

During the Quarter ¹

B.

As on Date ²

COI

AmountDate of
Purchase

RatingAgencyOriginal
Grade

NIL

Current
Grade

Date of last Downgrade

Remarks

FORM NL-33- REINSURANCE/RETROCESSION RISK CONCENTRATIONName of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022
S.No.

Reinsurance/Retrocession Placements

No. ofreinsurers(Amount in Rs. Lakhs)
Premium ceded to reinsurers for Half Year ended 30th Sep 2022
Proportional

1
2
3
4
5

1
2
3
4

Outside India
No. of Reinsurers with rating of AAA and above
No. of Reinsurers with rating AA but less than AAA
No. of Reinsurers with rating A but less than AA
No. of Reinsurers with rating BBB but less than A
No. of Reinsurers with rating less than BBB
Total (A)With In India
Indian Insurance Companies
FRBs
GIC ReOther (to be Specified)Total (B)Grand Total (C)= (A)+(B)1

Non-Proportional

Facultative

Premiumceded toreinsurers /Total
reinsurance
premiumceded (%)

7,560

-

-

100%

7,560

-

-

100%

FORM NL-41 OFFICES INFORMATIONName of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022
Sl. No.
1
2
3
4
5
6
7
8
9

10

11

11

Office Information

NumberNo. of offices at the beginning of the year
No. of branches approved during the year
No. of branches opened during the Out of approvals of previous year
Out of approvals of this year
year
No. of branches closed during the year
No of branches at the end of the year
No. of branches approved but not opened
No. of rural branches
No. of urban branches
No. of Directors:(a) Independent Director(b) Executive Director(c) Non-executive Director(d) Women Director(e) Whole time director
No. of Employees(a) On-roll:(b) Off-roll:(c) Total

33
538

No. of Insurance Agents and Intermediaries(a) Individual Agents,(b) Corporate Agents-Banks(c)Corporate Agents-Others(d) Insurance Brokers(e) Web Aggregators(f) Insurance Marketing Firm(g) Motor Insurance Service Providers (DIRECT)(h) Point of Sales persons (DIRECT)(i) Other as allowed by IRDAI (To be specified)

0
0
0
3
0
0
0
0
0

Particulars

1
0
0
0
0
1
0
0
1

Not Applicable

Employees and Insurance Agents and Intermediaries -Movement
Employees
Insurance Agents andIntermediaries

Number at the beginning of thequarter
Recruitments during the quarter
Attrition during the quarter
Number at the end of the quarter

38

3

6
6
38

0
0
3

FORM NL-42 BOARD OF DIRECTORS & KEY MANAGEMENT PERSONSName of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022
Board of Directors and Key Management Persons
Designation/Role
Sl. No.
Name of person/Category
1
Jyoti Punja
Chief Executive Officer
2
Pankaj Jain
Chief Financial Officer
3
Paramvir Singh Chatha Chief Underwriting Officer

Details of change in the period, if any

Form NL-46-VOTING ACTIVITY DISCLOSURE UNDER STEWARDSHIP CODE
Name of the Insurer: RGA Life Reinsurance Company of Canada - India Branch
Registration No. FRB/005 and Date of Registration with the IRDAI 21st December 2016
Statement as on: 30th Sep 2022

Meeting
Date

InvesteeCompany
Name

Type of
Meeting(AGM / EGM)

Proposal ofManagement /Shareholders

Description ofManagement
the proposal Recommendation

NOT APPLICABLE

Vote(For /
Against/Abstain)Reasonsupporting thevote decision