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, 2021
(Amount in Rs. Lakhs)
Particulars

Schedule
Ref. Form
No.

LIFE

For the QuarterSep 30, 2021

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, 2021

Total

For the QuarterSep 30, 2020

For Half Year Ended
Sep 30, 2020

For the QuarterSep 30, 2021

For Half year
Ended
Sep 30, 2021

For the QuarterSep 30, 2020

For Half Year Ended
Sep 30, 2020

4,277
6
2,790

9,390
6
5,551

6,158
2,654

12,870
5,171

4,277
6
2,790

9,390
6
5,551

6,158
2,654

12,8705,171

25,15525,155--25,15525,155--32,22840,103

8,812

18,04132,22840,103

8,812

18,041

43,217
74
334
1,711

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

8,709
(329)
1,077
73

19,444
(268)
2,198
(103)

43,217
74
334
1,711

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

8,709
(329)
1,077
73

19,444
(268)
2,198
(103)

Note 14 Other(a) Contribution from the Shareholders' Account(i) Towards deficit in Policyholder FundTOTAL (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)

45,33540,2899,530

21,27045,33540,2899,530

21,270(13,108)

(186)

(718)

(3,229)(13,108)

(186)

(718)

(3,229)(13,108)

(186)

(718)

(3,229)(13,108)

(186)

(718)

(3,229)(13,108)

(186)

(718)

(3,229)(13,108)

(186)

(718)

(3,229)For Half Year Ended
Sep 30, 2020

For the QuarterSep 30, 2021

For Half year
Ended
Sep 30, 2021

11 APPROPRIATIONSTransfer to Shareholders’ AccountTransfer to Catastrophe Reserve
Transfer to Other Reserves (to be specified)
TOTAL (C)Note - 1
Pertaining to Policyholder’s funds
For the QuarterSep 30, 2021

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, 2021
Sep 30, 2020

Total
For the QuarterSep 30, 2020

For Half Year Ended
Sep 30, 2020

3,024

6,014

2,888

5,617

3,024

6,014

2,888

5,617

(234)

(462)

(234)

(446)

(234)

(462)

(234)

(446)

2,790

5,551

2,654

5,171

2,790

5,551

2,654

5,171

* 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, 2021
Particulars

1 OPERATING PROFIT/(LOSS)(a) Fire Insurance(b) Marine Insurance(c) Miscellaneous Insurance(d) Life

Schedule Ref. FormNo.

For the QuarterSep 30, 2021

(Amount in Rs. Lakhs)
For the Quarter
For Half Year
Sep 30, 2020
Ended
Sep 30, 2020

For Half year
Ended
Sep 30, 2021

NL-1

(13,108)

(186)

(718)

(3,229)

1,717
3

3,250
3

1,760
-

3,671
-

(133)

(250)

(143)

(292)

0

0

-

-

(11,519)

2,818

899

151

-

-

-

-

-

-

-

-

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

6 Profit/(Loss) Before Tax(36,674)(22,337)899

151

7 Provision for Taxation

(230)

(230)

-

-

(36,905)(22,567)899

151(125,067)(139,405)(119,701)(118,953)(161,972)(161,972)(118,802)(118,802)

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(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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, 2021

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,
2021

NL-10
NL-10A(Amount in Rs. Lakhs)
As At Sep 30, 2020

251,817233,2842
5
NL-11
251,824233,284

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

85,910
194,376

97,895
149,795

369

450

NL-15
NL-16

2,523
43,35645,87914,55639,52654,082

NL-17
NL-18

232,2424,441
236,683(190,804)

185,383
2,358
187,740(133,659)

161,972

118,802

251,824233,284

NL-19

CONTINGENT LIABILITIESAs At Sep 30,
2021

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, 2020--

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
BALANCE SHEET AS AT Sep 30, 2021
Grand Total

LIFE
For theQuarter
Sep 30,2021

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, 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

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

Previous Year
Grand Total

LIFE
Particulars

For theQuarter
Sep 30,2020

For Half year
Ended
Sep 30, 2020

For theQuarter
Sep 30, 2020

For Half
year Ended
Sep 30,2020

21,137(9,547)
11,5903,388
2,108
12,87011,533(5,230)
6,303
1,963
2,108
6,158

21,137(9,547)
11,5903,388
2,108
12,870Gross 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

11,533(5,230)
6,303
1,963
2,108
6,158

*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-5 - CLAIMS 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)
Particulars

LIFE

For theQuarter
Sep 30, 2021

Claims Paid (Direct)
Add :Re-insurance accepted to direct claims
Less :Re-insurance Ceded to claims paid
Net Claim Paid
Add Claims Outstanding at the end of the year
Less Claims Outstanding at the beginning of the year
Net Incurred Claims
Estimates of IBNR and IBNER at the end of theperiod (net)
Estimates of IBNR and IBNER at the beginning of
the period (net)

Grand Total

For Half year
Ended
Sep 30, 2021

For theQuarter
Sep 30,2021

For Half year
Ended
Sep 30, 2021

24,302(47,921)(23,619)
192,911
126,075
43,21737,529(47,921)(10,392)
192,911
146,023
36,49624,302(47,921)(23,619)
192,911
126,075
43,21737,529(47,921)(10,392)
192,911
146,023
36,496

156,958

156,958

156,958

156,958

148,010

157,686

148,010

157,686*IBNR includes GPV Reserve(Amount in Rs. Lakhs)
Particulars

Claims Paid (Direct)
Add :Re-insurance accepted to direct claims
Less :Re-insurance Ceded to claims paid
Net Claim Paid
Add Claims Outstanding at the end of the year
Less Claims Outstanding at the beginning of the year
Net Incurred Claims
Estimates of IBNR and IBNER at the end of theperiod (net)
Estimates of IBNR and IBNER at the beginning of
the period (net)*IBNR includes GPV Reserve

LIFE

Grand Total

For theQuarter
Sep 30, 2020

For Half YearEnded
Sep 30, 2020

For theQuarter
Sep 30,2020

For Half YearEnded
Sep 30, 2020

5,077
5,077
139,411
135,779
8,709

10,75910,759139,411130,726
19,444

5,077
5,077
139,411
135,779
8,709

10,75910,759139,411130,726
19,444145,485

145,485

145,485

145,485

140,750

130,588

140,750

130,588

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, 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

Previous Year
Particulars

For Half year
Ended
Sep 30, 2021

3

11

3

11

71
74

(201)
(190)

71
74

(201)
(190)

(Amount in Rs. Lakhs)
Grand Total

Total Miscellaneous
For the Quarter For Half Year
Sep 30, 2020
Ended
Sep 30, 2020

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, 2021

For theQuarter
Sep 30, 2020

For Half YearEnded
Sep 30, 2020

(18)

(18)

(18)

(18)

(311)
(329)

(250)
(268)

(311)
(329)

(250)
(268)

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

1 Employees’ remuneration & welfare benefits(Amount in Rs. Lakhs)
Grand Total
Grand Total

LIFE

For the QuarterSep 30, 2021

For Half year
Ended
Sep 30, 2021

For theQuarter
Sep 30, 2021

For Half year
Ended
Sep 30, 2021

241

628

241

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
2,147

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

2
5
107
4
1
148
625
2
2
8
2,147

Page 1 of 2

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
Grand Total

LIFE

Previous Period
For the QuarterSep 30, 2020
1 Employees’ remuneration & welfare benefits371

For Half YearEnded
Sep 30, 2020
703

For theQuarter
Sep 30, 2020
371

For Half YearEnded
Sep 30, 2020
703

0

0

0

0

39
0
1
64
5
-

78
1
1
118
8
-

39
0
1
64
5
-

78
1
1
118
8
-

-

0
25
-

12
49
-

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

0
25
-

12
49
-

184
8

408
9

184
8

408
9

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

0
3
(49)
0
0
71
352
1
1
0
1077

1
7
(41)
0
1
146
696
2
1
0
2198

0
3
(49)
0
0
71
352
1
1
0
1077

1
7
(41)
0
1
146
696
2
1
0
2198

Page 2 of 2

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
2021
2020
Opening Balance of Assigned capital
233,284
233,284
Add: Addition during the year
18,534
Closing Balance of Assigned Capital*
251,817233,284
TOTAL
251,817233,284
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-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, 2021 As at Sep 30, 2020
-

-

-

-

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, 2021

1 Debentures/ Bonds
2 Banks
3 Financial Institutions
4 Others (to be specified)
TOTAL(Amount in Rs. Lakhs)
As at Sep 30, 2020

-

-

-

-

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,
2021
2020

NL -12A
Policyholders
As at Sep 30,
As at Sep 30,
2021
2020

(Amount in Rs. Lakhs)
Total
As at Sep 30, As at Sep 30, 2020
2021

65,72382,500148,686

126,238

214,409

208,739

14,59815,39533,02523,55747,622

38,95180,32197,895

181,710

149,795

262,032

247,690

-

-

-

-

-

-

5,595
-

-

12,660--18,255--

5,595
85,917

97,895

12,660
194,370

149,795--

18,255280,287

247,690A) Aggregate value of Investments other than Listed Equity Securities and Derivative Instruments

Particulars

Shareholders
As at Sep 30,
As at Sep 30,
2021
2020

Policyholders
As at Sep 30,
As at Sep 30,
2021
2020

(Amount in Rs. Lakhs)
Total
As at Sep 30, As at Sep 30, 2020
2021

Long Term Investments-Book Value
market Value

80,321
82,61097,895
101,616

181,710
186,909

149,795
155,489

262,032
269,520

247,690
257,105

Short Term Investments-Book Value
market Value

5,595
5,595

-

12,66012,660-18,255
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, 2021
As at Sep 30, 2020

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 2021
561
58
10
629
629
622

Cost/ Gross Block
Additions Deductions
2
1
3
3
8

-

Depreciation
Closing
Up to Last Year For The Period On Sales/
To DateAdjustments 30th Sep 2021
30th Sep 2021 31st March 2021
561
168
39
208
60
41
10
50
11
4
1
5
632
213
50
264
632
213
50
264
629
119
94
213

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, 2021
As at Sep 30, 2020
354
10
5
369
369
416

427
17
6
450
450
503

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, 2021
As at Sep 30, 2020
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)

2,523
-

14,556
-

2523

14556

-

-

2,523
-

14,556--

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, 2021 As at Sep 30, 2020

22

18

2,266

1,484

0

2

2,288

1,504

5,590
11,631

5,239
29,89923,202

-

645

2,882

1

2

41,06943,35638,022
39,526(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,
2021
2020
12,667
3,236
3,956
226,502
164,782
2,493
3,973
12
4
232,242
185,383

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, 2020
2021
1,532
2,108
2,701
137
208
4,441

113
2,358

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, 202030, 2021-

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.

NL-20-Ana Rat

IRDA Periodic Disclosures

FORM NL-20-ANALYTICAL RATIOS SCHEUDLE
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

Sl.No.

Particular1

Gross Direct Premium Growth Rate**

2

Gross Direct Premium to Net worth Ratio

3

Growth rate of Net Worth

4

Net Retention Ratio**5

Net Commission Ratio**
Expense of Management to Gross Direct
Premium Ratio**
Expense of Management to Net Written
Premium Ratio**
Net Incurred Claims to Net Earned
Premium**

67
89Claims paid to claims provisions**

10

Combined Ratio**11

Investment income ratio

12

Technical Reserves to net premium ratio **13

Underwriting balance ratio

14

Operating Profit Ratio

Calculation[GDPI(CY)-GDPI(PY)] / GDPI(PY)
GDPI / Shareholder's funds
Shareholder's funds/Net Worth =Sharecapital+reserve and surplus-Miscellaneous
expenditure-debit balance in profit and loss
account )Shareholders' funds /Net Worth comprise of Share
Capital plus all Reserves and Surplus (except
revaluation Reserve and fair value change account)net of accumulated losses and Miscellaneous
expenditure to the extent not written off as at theBalance Sheet date
(Shareholder's funds(CY)-Shareholder's funds(PY))/ Shareholder's funds(PY)
Net written premium / (Gross Direct Premium
Income + Reinsurance Accepted)
Net Commission / Net written premium(Direct Commission+Operating Expenses) / Grossdirect premium(Net Commission+Operating Expenses) / Net
Written Premium

For Half year
For Half Year Ended
Ended
Sep 30, 2020
Sep 30, 2021
-3%
-21%

Net Incurred Claims / Net Earned Premium
Claim Paid (pertaining to provisions madepreviously) / claims provision made previously(7) +(8)Investment income / Average Assets undermanagement

23%

18%

-4%

23%

43%

55%

-2%

-2%

10%

9%

22%

17%

389%

151%

-7%

8%

411%
2%

168%
2%

1925%

157%

-209%

66%

-145%

-22%

1%

9%

-140%
-15%

1%
0%

Investment income = Profit/ Loss on
sale/redemption of Investments+Interest,
Dividend & Rent – Gross (net of investment
expenses) including investment income from pool[(Reserve for unexpired risks+premium
deficiency+reserve for outstanding
claims(including IBNR and IBNER) ] / Net
premium written
Underwriting results / Net earned premium
Underwriting results= Net earned premium-Net
incurred claims-Net commission-Operating
Expenses (Before adjusting transfer to Profit andloss account as per Section 40C)- Premium
Deficiency
Operating profit / Net Earned premium
Liquid Assets / Policyholders liabilities
Liquid Assets = Short term investments+Shortterm loans+Cash & Bank balances
Policyholders liabilities=Outstanding Claims
including Incurred But Not Reported (IBNR) &Incurred But Not Enough Reported (lBNER)+
Unearned Premium Reserve+ Premium Deficiency
Reserve, if any+ Catastrophe Reserve, if any;
and+ Other Liabilities net off Other Assets
Other Liabilities in point (e) above, comprise of (i)Premium received in advance (ii) Unallocatedpremium (iii) Balance due to OTHER Insurance
Companies (iv) Due to other Members of a Poolsuch as Third Party Pool; Terrorism Pool; etc. (vi)
Sundry creditors (due to Policyholders).
Other Assets in point (e) above, comprise of (i)Outstanding premium (ii) due from other entities
carrying on Insurance business including
Reinsurers (iii) Balance with Pool such as Thirty
Party Pool; Terrorism pool; etc.

15

Liquid Assets to liabilities ratio

16
17

Net earning ratio
Profit after tax / Net Premium written
Return on net worth ratio
Profit after tax / Net Worth
Available Solvency margin Ratio to Required
to be taken from solvency margin reporting
Solvency Margin Ratio
NPA Ratio
to be taken from NPA reporting
Gross NPA Ratio
Net NPA Ratio

18
19

227%
0%
0%

0%
0%

Debt Equity Ratio(Debt/Equity)
Debt=(Borrowings+Redeemable Preference
shares, if any) Equity=Shareholders' Funds
excluding Redeemable Preference shares, if any

21

Debt Service Coverage Ratio(Earnings before Interest and Tax/ Interest andPrincipal Instalments Due)

NIL

NIL

22

Interest Service Coverage Ratio(Earnings before Interest and Tax/ Interest due)

NIL

NIL

23
24

Earnings per share
Profit /(loss) after tax / No. of sharesBook value per share
Net worth / No. of shares
Notes: 1. Net worth definition to include Head office capital for Reinsurance branch

NIL
NIL

NIL
NIL

Net
Commission
Ratio**

Expense ofManagement to Net
Written Premium
Ratio**Net Incurred Claims to
Net Earned Premium**

Claims paid toclaimsprovisions**

22%
17%
22%
17%

389%
151%
8%
168%

-7%
8%
-7%
8%

20

NIL

NIL

** Segmental Reporting up to the quarter
Segments
Upto the quarter ended on 30th Sep
2021
Life
Current Period
Previous Period
Total-Current Period
Total-Previous Period

Gross Direct Premium Growth Rate**

-3%
-21%
-3%
-21%

-2%
-2%
-2%
-2%

*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

Technical
Combin Reserves toednet
Ratio** premium
ratio **
411%
168%
411%
168%

1925%
157%
1925%
157%

Underwritingbalance
ratio
-209%
66%
-209%
66%

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 2021
PART-A Related Party Transactions
Sl.No.

1

Name of theRelated Party

Nature ofRelationship with
the 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, 2021
Sep 30, 2020
Sep 30, 2021
Sep 30, 2020

Head Office

Amount Received
from Head Officeas Capital-

1

RGA Life
Reinsurance
Company ofCanada2

RGA International
ReinsuranceGroup Company
Company dac

Retro Premium

7,127

3

RGA International
Reinsurance
Company dac

Group Company

Retro Claims(35,294)

4

RGA International
ReinsuranceGroup Company
Company dac

RetroCommission

71

5

RGA EnterpriseGroup Company
Services Company

Shared Services
Expenses

397

18,533--

11,682

5,230

9,547

(38,248)(3,251)(3,720)

(201)

(311)

(250)

777

423

842

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 2021

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 thequarterend during
relating to thethe year in respect
outstandingof bad or dobutfulbalancedebts due from thereceivable
related party(Rs. in Lakhs)(Rs. in Lakhs)

Head Office

251,817 Payable

Nil

Nil

Nil

Nil

Group Company

34,016 Retro Receivable

Nil

Nil

Nil

Nil

Group Company

10,814 Payable

Nil

Nil

Nil

Nil

Group Company

1,173 Payable

Nil

Nil

Nil

Nil

FORM NL-22-RECEIPT AND PAYMENTS 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
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis(Amount in Rs. Lakhs)
Half year
Half year
ended
ended
30th Sep 2021 30th Sep 2020
Cash Flows from the operating activities:
Reinsurance Premium Received (Net of taxes)
28,073
15,909Claims Paid
(37,529)(10,759)
Brokerage Paid
(13)
(4)
Operating Expense Payment
(976)
(932)
GST Taxes Paid
(3,789)(3,348)
Income tax refund (incl. interest)
403
TDS Paid Retrocession Premium(1,230)
Advances and Deposits
Retrocession Payment for premium
13,551Retrocession Receipt for claims and Commission
IUC Payment (net)(2,015)(238)
Net cash from operating Activities(3,928)
1,031
Cash flows from investing activities:
Purchase of Investments - Govt Bonds
Sale / redemption of Investments - Govt Bonds
Purchase of Investments - Fixed Deposits
Fixed Deposit Matured
Interest Received (Net of Taxes )Purchase of Fixed Asset
Sale of Fixed Asset
Expenses related to Investments
Net cash flow from investing activities(46,038)
14,510
9,170
(4)
0
(19)
(22,381)

9,059
(1)
(17)
9,041

Cash flows from financing activities:
Proceeds from Head office - Capital AccountNet cash flow from financing activities

18,534
18,534-

Effect of foreign exchange rates on cash and cash equivalents, net
Net increase in cash and cash equivalents:
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year

(7,776)
10,2992,523

10,072
4,484
14,556

FORM NL-23 - SOLVENCY MARGIN (FORM IRDAI-GI-TA)
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 OF ADMISSIBLE ASSETS :As at 30th Sep 2021
Classification: Business within India / Total Business
Item
No.

(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
(J)
(K)
(L)
(M)
Item
No.

Particulars
Investments:
Shareholders as per NL-12 of BS
Policyholders as per NL-12 A of BS
Total Investments as per BS
Inadmissible Investment assets as per Clause (1) of Schedule I of regulation
Fixed assets as per BS
Inadmissible Fixed assets as per Clause (1) of Schedule I of regulation
Current Assets:
Cash & Bank Balances as per BS
Advances and Other assets as per BS
Total Current Assets as per BS...(E)+(F)
Inadmissible current assets as per Clause (1) of Schedule I of regulation
Loans as per BS
Fair value change account subject to minimum of zero
Total Assets as per BS (excl. current liabilities andprovisions)…(A)+(C)+(G)+(I)
Total Inadmissible assets…(B)+(D)+(H)+(J)Total Admissible assets for Solvency (excl. current liabilities andprovisions)…(K)-(L)

Policyholders
A/c.
194,370
194,370369
276

85,91785,917-2,523
39,196
41,7191,675
5

234,502

Policyholders
A/c.
Inadmissible Investment assets as per Clause (1) of Schedule I of regulation
Inadmissible Fixed assets(a) Office Equipment
5(b) Intangibles -Software
271
Sub Total
276

85,917
194,370
280,287
-

4,160
4,160

2

236,458
1,956

Inadmissible Investment assets (Item wise Details)

Inadmissible current assets(a) Prepaid expenses related to Repairs and Maintenance(b) Agents’ and Intermediaries’ balances and outstanding premiums in India, to theextent they are not realized within a period of thirty days;
Sub Total
Total(All amounts in Rupees of Lakhs)
Shareholders
Total
A/c.

90,077
2
90,075(All amounts in Rupees of Lakhs)
Shareholders
Total
A/c.
-

5
271
276

0

-

-

1,675
1,675
1,952

-

276

Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time.

FORM NL-24 - SOLVENCY MARGIN (FORM IRDAI-GI-TR)
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 OF LIABILITIES :As at 30th Sep 2021
(All amounts in Rupees of Lakhs)
Current Year
Gross
Item No.
Reserve
Net Reserve
Reserve(a)
Unearned Premium Reserve (UPR)
3,064
1,532
(b)
Premium Deficiency Reserve (PDR)
5,403
2,701
(c)
Unexpired Risk Reserve (URR)…(a)+(b)
8,467
4,233
(d)
Outstanding Claim Reserve (other than IBNR reserve)(e)
IBNR reserve
87,021
43,511f)
GPV Reserve
226,894
113,447g)
Total Reserves for Technical Liabilities…(c)+(d)+(e)322,382
161,191
Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time.

FORM NL-25 - SOLVENCY MARGIN (TABLE IA)
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
Classification: Total Business

TABLE IA: REQUIRED SOLVENCY MARGIN BASED ON NET PREMIUM AND NET INCURRED CLAIMS as on 30th Sep 2021
(All amounts in Rupees of Lakhs)
Ite
Gross
Net
Gross
Net
Line of Business
RSM 1
RSM 2
RSM
m
Incurred
IncurredPremiums Premiums
No.
ClaimsClaims
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1 Fire2 Marine Cargo
3 Marine - Other than Marine Cargo
4 Motor
5 Engineering
6 Aviation
7 Liability
8 Health
9 Miscellaneous
10 Life
38,762
11 Crop
Total
38,762
Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time.

FORM NL-26 - SOLVENCY MARGIN (TABLE IB)
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
As at 30th Sep 2021
Classification: Total Business(All amounts in Rupees of Lakhs)
(1)
(2)
(3)
ITEM NO.
DESCRIPTIONAMOUNT(A)
Policyholder’s FUNDS
234,502
Available assets(as per Form IRDAI-GI-TA)
Deduct:(B)
Current Liabilities as per BS
236,135(C)
Provisions as per BS
208(D)
Other Liabilities(E)
Excess in Policyholder’s funds (A)-(B)-(C)-(D)(1,841)
Shareholder’s FUNDS(F)
Available Assets
90,075
Deduct:(G)
Other Liabilities
229(H)
Excess in Shareholder’s funds (F-G)
89,84688,005(I)
Total ASM (E+H)(J)
Total RSM
38,762227.04%(K)
SOLVENCY RATIO (Total ASM/ Total RSM)
Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended fromtime to time.

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 2021
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 ++AMOUNT

Investments (Shareholders)

8

85,917

Investments (Policyholders)

8A

194,370

2

Loans

9

3

Fixed Assets

104Current Assets

5

Current Liabilities

369

a. Cash & Bank Balance

11

2,523

b. Advances & Other Assets

12

43,35613

232,341b. Provisions

14

4,342

c. Misc. Exp not Written Off

15-

a. Current Liabilities

161,972

d. Debit Balance of P&L A/c
6

7

Credit/ (Debit) Fair Value Change AccountApplication of Funds as per Balance Sheet (A)251,817

Less: Other Assets

SCH ++

Amount1

Loans (if any)

2

Fixed Assets (if any)

3

Cash & Bank Balance (if any)

11

2,523

4

Advances & Other Assets (if any)

12

43,356

5

Current Liabilities

13

232,341

6

Provisions

14

4,342

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 Account

9
369

10

161,972
7

Total (B)(28,469)'Investment Assets'

280,287(A-B)

Section IISH
NoBalance'Investment' represented as

FRSM+

PH

Book Value(SH + PH)%
Actuale = (d-a)d = (a+b+c)%

Reg. %
(a)

FVC
Amoun
t

Total

Market
Value
(h)

(b)

(c)

(f)

(g)=(d+f)

1

Central Govt. Securities

Not less than20%

65,723

148,686

214,40976.50%-

214,409220,308

2

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

Not less than30%

65,723

148,686

214,40976.50%-

214,409220,308-

3

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

14,59833,02547,622

16.99%

47,622

49,212Not
exceeding
55%

5,594

12,655

18,2486.51%

718,255

18,255100%

85,915

194,365

280,280100%

7280,287

287,775

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 2021
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

198,004

82%

16405

42%

21440976%

2

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

198,004

82%

16405

42%

21440976%

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

42,889c. Approved Investments-

d. Other Investments (not exceeding 15%)

Total

18%

-

240,893Note:

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

4734

12%

0%

18255
39,394

17%

46%

100%

47622
18255

7%

100%

280,287

100%

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 2021
(Amount in Rs. Lakhs)
Detail Regarding debt securities
MARKET VALUE
As at 30th Sep as % of total
As at 30th Sep as % of total
2021
for this class2020
for this classBook ValueAs at 30th Sep as % of total
As at 30th Sep as % of total
2021
for this class2020
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

220,308
49,212
18,25577%
17%
6%

216,540
40,565
-

84%
16%
-

214,40947,622
18,25576%
17%
7%

208,739
38,951
-

84%
16%
-

Total (A)287,775100%

257,105100%

280,287100%

247,690

100%

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)

25,01539,052
78,972
62,484
63,996
18,255
287,775

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

11,531
34,874
100,379
59,183
51,137257,105

4%
14%
39%
23%
20%
100%

24,35937,131
76,13660,991
63,415
18,255280,287

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

11,33633,25796,44657,47649,176247,690

5%
13%
39%
23%
20%
0%
100%

Breakdown by type of the issuer
a. Central Governmentb. State Governmentc. Corporate Securities
Liquid Mutual Fund
Total (C )220,308
49,212
18,255
287,775

77%
17%
6%
100%

216,540
40,565257,105

84%
16%
100%

214,40947,622
18,255280,287

76%
17%
7%
100%

208,739
38,951
247,690

84%
16%
100%

BREAKDOWN BY RESIDUALMATURITY

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 2021
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 2021
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
IncomeIncomeIncomeCategory
Gross
Gross
Gross
No.
Category of Investment
Investme
Net Yield Investme
Net Yield Investme
Net Yield
on
on
on
Code
Yield
Yield
Yield
nt (Rs.)¹ Investme(%)²
nt (Rs.)¹ Investme(%)²
nt (Rs.)¹ Investme
(%)²
(%)¹
(%)¹
(%)¹
nt (Rs.)nt (Rs.)nt (Rs.)207,450
1Central Govt. Securities
CGSB
3,525 1.70%
1.70%
204,371
6,896 3.37%
3.37%
209,101
7,063 3.38%
3.38%
44,484
2
Infrastructure Bonds
IPTD
850 1.91%
1.91%
43,701
1,655 3.79%
3.79%
39,0191,487 3.81%
3.81%
472
3
Liquid Fund - MF
EGMF
10 2.05%
2.05%
472
10 2.05%
2.05%
252,406
4,384 1.74%
248,545
8,561 3.44%
248,1208,550 3.45%
TOTAL
1.74%
3.44%
3.45%

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 2021
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 2021
S.No.

Reinsurance/Retrocession Placements

No. ofreinsurers(Amount in Rs. Lakhs)
Premium ceded to reinsurers for Half Year ended 30th Sep 2021
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 (%)

11,682--100%

11,682--

100%

FORM NL-40-UNDERWRITING PERFORMANCE
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
2016Statement as on: 30th Sep 2021
Life

Premium
Gross Direct Premium
Gross Written Premium
Net Written Premium
PREMIUM RESERVES
Unearned Premium Reserve (UPR)
Premium Deficiency Reserve (PDR)
Unexpired Risk Reserve (URR)
Net Earned Premium (A)ClaimsClaims (Gross)
Claims incurred (Net) (B)

Half year ended
30th Sep 2021

Total

8,859

8,859

(531)

(531)
-

9,390

9,390

19,444

19,444

Commission
Commission-Gross
Commission-Net (C )

(190)
(190)

(190)
(190)

Total Operating expenses (D)

2,147

2,147

Premium deficiency (E )

1,837

1,837

(13,847)(13,847)

-147%

-147%

Underwriting Result (F=A-B-C-D-E)
Underwriting Ratio =(f)*100/(A)Page 1 of 1

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 2021
Sl. No.
1
2
3
4
5
6
7
8
9

10

Office Information
No. 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

Number
1
0
0
0
0
1
0
0
1

Not Applicable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 2021
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 OfficernDetails 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 2021

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