PAKISTAN REINSURANCE COMPANY LIMITED
STATEMENT OF CLAIMS
FOR THE YEAR ENDED DECEMBER  31, 2004
						Reinsurance			Reinsurance	Net claims expenses
						and other	Reinsurance and other recoveries		and other
			Outstanding Claims			recoveries	in respect of outstanding claims		recoveries	Dec   31,  2004	Dec  31,  2003
	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---------------------------------------------------------------------------------------------------
Direct and
Facultative	Fire	7,201,072	84,668,000	73,163,899	(4,303,029)	-	64,063,000	76,629,401	12,566,401	(16,869,430)	1,390,259
	Marine Cargo	34,036	129,797,000	12,083	(129,750,881)	-	21,249,000	-	(21,249,000)	(108,501,881)	8,696
	Marine Hull	84,890	10,288,000	53,716,475	43,513,365	68,447	-	47,728,412	47,796,859	(4,283,494)	-
	Accident	-	-	-	-	-	-	-	-	-	-
	Aviation	217,753,667	423,065,000	947,262,294	741,950,961	210,806,206	453,000	912,811,985	1,123,165,191	(381,214,230)	3,627,366
	Engineering	278,623,392	931,817,000	475,058,570	(178,135,038)	258,895,450	884,265,000	422,987,974	(202,381,576)	24,246,538	8,743,072
	Total	503,697,057	1,579,635,000	1,549,213,321	473,275,378	469,770,103	970,030,000	1,460,157,772	959,897,875	(486,622,497)	13,769,393
Comp.  TREATY	Proportional	1,427,354,458	1,004,509,414	1,319,196,679	1,742,041,723	200,206,581	811,090,395	536,412,228	(74,471,586)	1,816,513,309	997,500,417
	Grand Total	1,931,051,515	2,584,144,414	2,868,410,000	2,215,317,101	669,976,684	1,781,120,395	1,996,570,000	885,426,289	1,329,890,812	1,011,269,810
	The annexed notes form an integral part of these financial statements.
	Naheed Hyder			Maj (R) Muhammad Fazal Durrani				Imtiaz Kazi	Fazlur Rehman Dittu
	Executive Director (F&A)			Chief Executive				Director	Director