Pakistan Reinsurance Company Limited
Statement of Premiums
for the year ended March 31, 2003 (Unaudited)
					Prepaid Reinsurance				Net premium revenue
		Unearned premium reserve				Premium ceded			March 31,	March 31,
Class	Premium Written	Opening	Closing	Premium earned	Reinsurance Ceded	Opening	Closing	expense	2003	2002
	(A)	(B)	( C )	(D=A+C-B)	(E)	(F)	(G)	(H=E+G-F)	(I=D-H)
					________Rupees_______
Fire	273,595,084	522,206,917	428,047,071	367,754,930	130,879,702	248,283,267	204,764,911	174,398,058	193,356,872	191,458,442
Marine Cargo	90,227,669	179,141,262	139,119,817	130,249,114	33,251,615	71,503,975	51,269,845	53,485,745	76,763,369
Marine Hull	6,224,419	17,079,184	17,221,473	6,082,130	6,032,741	16,404,028	16,691,146	5,745,623	336,507	57,257,751
Accident	189,697,058	317,067,394	165,579,396	341,185,056	(44,812,460)	83,226,314	(39,115,104)	77,528,958	263,656,098
Aviation	298,627,737	96,096,091	77,031,790	317,692,038	282,654,645	93,264,540	72,911,490	303,007,695	14,684,343
Engineering	416,750,061	242,172,076	519,509,032	139,413,105	388,124,281	199,364,238	483,824,931	103,663,588	35,749,517	182,774,432
Grand Total	1,275,122,028	1,373,762,924	1,346,508,580	1,302,376,372	796,130,524	712,046,362	790,347,220	717,829,666	584,546,706	431,490,625
The annexed notes form an ingegral part of these financial statements.
	Naheed Hyder			Maj.( R ) Mohammad Fazal Durrani			M.Sharif Ijaz Ghauri	Fazlur Rehman Dittu
	Executive director (F&A)			Chief Executive			Director	Director
Karachi, June 19, 2003