PAKISTAN REINSURANCE  COMPANY LIMITED

STATEMENT OF CLAIMS
FOR NINE MONTHS ENDED SEPTEMBER 30, 2003 (UNAUDITED)

									Reinsurance
									and other	Net claims expenses
			Outstanding Claims			Reinsurance and other recoveries	Reinsurance and other recoveries in respect of outstanding claims		Reinsurance and other recoveries	For Nine Months ended Sep,03	For Nine Months ended Sep,02	For Three Months ended Sep,03
	Class	Claims Paid	Opening	Closing	Claims Expense	received	Opening	Closing	revenue
		(A)	(B)	(C)	(D=A+C-B)	(E)	(F)	(G)	(H=E+G-F)	(I=D-H)
		------------------------------------------------------------------------------------------------R u p e e s--------------------------------------------------------------------------------------------------------
	Fire	133,617,978	513,867,501	418,924,568	38,675,045	115,899,028	354,465,908	73,815,763	(164,751,117)	203,426,162	135,472,549	171,496,095
	Marine Cargo	59,890,975	187,229,218	525,097,889	397,759,646	19,681,646	51,537,601	338,334,380	306,478,425	91,281,221		-9,516,690
	Marine Hull	3,362,960	26,813,332	32,677,249	9,226,877	2,872,114	11,765,563	17,481,882	8,588,433	638,444	66,065,643	356,251
	Accident	223,506,689	204,257,456	244,522,051	263,771,284	85,432,744	37,442,914	6,204,320	54,194,150	209,577,134		135,026,737
	Aviation	19,679,918	279,286,366	344,969,099	85,362,651	17,001,978	267,995,236	327,478,059	76,484,801	8,877,850		-7,563,653
	Engineering	53,340,886	873,723,284	985,690,227	165,307,829	12,158,047	774,750,558	899,417,798	136,825,287	28,482,542	228,295,446	1,687,559
	Grand Total	493,399,406	2,085,177,157	2,551,881,083	960,103,332	253,045,557	1,497,957,780	1,662,732,202	417,819,979	542,283,353	429,833,638	291,486,299
	The annexed notes form an integral part of these financial statements.
Naheed Hyder			Maj (R) Mohammad Fazal Durrani				Syed Yawar Ali		Fazlur Rehman Dittu
Executive Director (F&A)			Chief Executive				Director		Director
Karachi, October  22,  2003