find net profit by using simple income statement format Statement of comprehensive income PARTICULARS Gross
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find net profit by using " simple income statement format "
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Statement of comprehensive income PARTICULARS Gross premium, earned Premium ceded to reinsurers, earned Net Premium Earned Gross claims expense Reinsurers' share of claims Net insurance claims incurred Income from policy fees Commission income on premium ceded to reinsurers Commission expense Net underwriting result Investment income - net Other operating (loss) / income General and administrative expenses Finance cost Profit before income tax Income tax Profit for the period from continuing Operations Profit for the period Net change in fair value on sale of available for sale investment Total other comprehensive income Total comprehensive income 01/01/2021-31/12/2021 Total Life, Medical and General 14,588,583 10,164,267 4,424,316 6,095,614 3,408,300 2,687,314 80,761 979,302 248,216 2,548,849 1,575,620 8,705 3,206,900 82,595 843,679 73,242 770,437 770,437 (10,621) (10,621) 759,816 01/01/2020-31/12/2020 Total Life, Medical and General 17,982,695 11,719,891 6,262,804 7,782,149 3,828,686 3,953,463 153,982 1,043,700 204,588 3,302,435 639,576 24,572 3,460,204 39,806 466,573 114,034 352,539 352,539 115,988 115,988 468,527 Statement of comprehensive income PARTICULARS Gross premium, earned Premium ceded to reinsurers, earned Net Premium Earned Gross claims expense Reinsurers' share of claims Net insurance claims incurred Income from policy fees Commission income on premium ceded to reinsurers Commission expense Net underwriting result Investment income - net Other operating (loss) / income General and administrative expenses Finance cost Profit before income tax Income tax Profit for the period from continuing Operations Profit for the period Net change in fair value on sale of available for sale investment Total other comprehensive income Total comprehensive income 01/01/2021-31/12/2021 Total Life, Medical and General 14,588,583 10,164,267 4,424,316 6,095,614 3,408,300 2,687,314 80,761 979,302 248,216 2,548,849 1,575,620 8,705 3,206,900 82,595 843,679 73,242 770,437 770,437 (10,621) (10,621) 759,816 01/01/2020-31/12/2020 Total Life, Medical and General 17,982,695 11,719,891 6,262,804 7,782,149 3,828,686 3,953,463 153,982 1,043,700 204,588 3,302,435 639,576 24,572 3,460,204 39,806 466,573 114,034 352,539 352,539 115,988 115,988 468,527
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