	PAKISTAN REINSURANCE COMPANY LIMITED
	STATEMENT OF PREMIUMS
	FOR THE 1ST QUARTER ENDED MARCH 31, 2005 (UNAUDITED)

							Prepaid Reinsurance
			Unearned premium reserve				Premium ceded
	Class	Premium Written	Opening	Closing	Premium earned	Re-insurance Ceded	Opening	Closing	Re-insurance expense	March 31, 2005 Net Premium revenue	March 31, 2004 Net Premium revenue
		(A)	(B)	(C)	(D=A+B-C)	(E)	(F)	(G)	(H=E+F-G)	(I=D-H)
Direct and		-------------------------------------------------------------------------------------------R u p e e s---------------------------------------------------------------------------------------------------
Facultative	Fire	240,583,387	196,644,563	317,381,864	119,846,086	218,584,137	203,770,415	301,694,475	120,660,077	(813,991)	(10,619,427)
	Marine Cargo	-	918,936	-	918,936	-	-	-	-	918,936	433,910
	Marine Hull	-	25,585,246	16,768,158	8,817,088	-	26,985,841	17,884,430	9,101,411	(284,323)	414,889
	Accident	1,186,115	1,712,517	1,985,779	912,853	-	63,444	17,825	45,619	867,234	1,642,783
	Aviation	311,356,366	711,589,895	682,180,461	340,765,800	304,743,445	705,894,465	673,844,252	336,793,658	3,972,142	9,225,451
	Engineering	118,767,052	327,248,405	310,357,206	135,658,251	110,962,204	305,239,433	289,219,498	126,982,139	8,676,112	3,022,732

	Total	671,892,920	1,263,699,562	1,328,673,468	606,919,014	634,289,786	1,241,953,598	1,282,660,480	593,582,904	13,336,110	4,120,338

TREATY	Proportional	127,920,171	1,574,790,438	1,093,908,633	608,801,976	149,459,902	147,516,402	170,493,772	126,482,532	482,319,444	323,704,666


	Grand Total	799,813,091	2,838,490,000	2,422,582,101	1,215,720,990	783,749,688	1,389,470,000	1,453,154,252	720,065,436	495,655,554	327,825,004



	The annexed notes form an integral part of these financial statements.

Naheed Hyder				Maj (R) Muhammad Fazal Durrani			Fazlur Rehman Dittu		S.M. Rafique Akhtar
Executive Director (F&A)				Chief Executive			Director		Director