PAKISTAN REINSURANCE  COMPANY LIMITED

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

						Prepaid Reinsurance			Net premium revenue
		Unearned premium reserve				Premium ceded
Class	Premium Written	Opening	Closing	Premium earned	Re-insurance Ceded	Opening	Closing	Re-insurance expense	For Nine Months ended Sep,03	For Nine Months ended Sep,02	For Three Months ended Sep,03
	(A)	(B)	(C)	(D=A+B-C)	(E)	(F)	(G)	(H=E+F-G)	(I=D-H)
	-----------------------------------------------------------------------------------------------------R u p e e s----------------------------------------------------------------------------------------------------------------
Fire	760,277,149	522,206,917	415,940,811	866,543,255	411,440,858	248,283,267	225,095,604	434,628,521	431,914,734	474,343,989	109,325,209
Marine Cargo	207,447,213	179,141,262	123,449,666	263,138,809	73,846,897	71,503,975	43,945,516	101,405,356	161,733,453		52,017,407
Marine Hull	32,672,782	17,079,184	(5,840,385)	55,592,351	32,762,464	16,404,028	(5,856,416)	55,022,908	569,443	178,493,740	61,977
Accident	357,839,782	317,067,394	168,105,196	506,801,980	(37,685,240)	83,226,314	(17,703,690)	63,244,764	443,557,216		114,941,439
Aviation	886,900,330	96,096,091	308,304,631	674,691,790	847,795,914	93,264,540	294,711,139	646,349,315	28,342,475		4,029,969
Engineering	579,577,521	242,172,076	299,037,800	522,711,797	520,689,182	199,364,238	268,653,876	451,399,544	71,312,253	524,761,452	17,834,884
Grand Total	2,824,714,777	1,373,762,924	1,308,997,719	2,889,479,982	1,848,850,075	712,046,362	808,846,029	1,752,050,408	1,137,429,574	1,177,599,181	298,210,885
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