Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
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SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES<br />
Directors:<br />
SAGICOR LIFE INCORPORATED<br />
INCORPORATED 2002<br />
A. BETHELL; D. ALLAN; O. JORDAN; S. Mc NAMARA; T. MARTINS; A. ALEONG; H. BECKLES;<br />
D. MILLER; W. LUCIE-SMITH; C. de CAIRES; P. DOWNES-GRANT; J. COMMA<br />
S. OSBORNE<br />
Secretary:<br />
Auditors: PricewaterhouseCoopers<br />
Actuary: S. GOULET<br />
Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes business: Anguilla, Antigua & Barbuda,<br />
Dominica, Grenada, St. Kitts, St. Lucia, St. Vincent & The Grenadines, Barbados.<br />
Summary <strong>of</strong> Balance Sheet in respect <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> Tobago<br />
business as at 31st December, <strong>2007</strong><br />
assets $ $<br />
Investments:<br />
Fixed Deposits with <strong>Bank</strong><br />
Fixed Deposits with Other Financial Instituti<strong>on</strong>s<br />
<strong>Trinidad</strong> <strong>and</strong> Tobago Government Securities<br />
Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />
Other Caricom Government Securities<br />
Ordinary shares in T&T Companies<br />
Ordinary shares in n<strong>on</strong>-T&T Companies<br />
Preference shares in T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in n<strong>on</strong>-T&T Companies<br />
Investment in dependent companies (insurance)<br />
Investment in dependent companies (n<strong>on</strong>-insurance)<br />
Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />
Mortgage Loans<br />
Policy Loans<br />
Policy Loan Interest Accrued<br />
Other Loans<br />
Outst<strong>and</strong>ing Premiums:<br />
Amounts due from Policyholders<br />
Amounts due from other <strong>Insurance</strong> Companies<br />
Interest, dividends <strong>and</strong> rents accruing but not due<br />
Sundry Debtors<br />
Fixed Assets<br />
Other Assets<br />
TOTAL ASSETS<br />
136,984,993<br />
16,391,896<br />
321,799,361<br />
103,568,473<br />
101,621,651<br />
152,651,630<br />
90,525,669<br />
1,295,499<br />
315,146,703<br />
65,295,346<br />
9,675,162<br />
106,633,783<br />
1,421,590,165<br />
12,313,445<br />
627,036,187<br />
24,108,475<br />
463,306<br />
45,272,191<br />
16,609,183<br />
20,479,645<br />
20,923,561<br />
240,489,423<br />
211,294,590<br />
37,081,701<br />
2,677,661,871<br />
liabilities $ $<br />
<strong>Insurance</strong> Funds:<br />
L<strong>on</strong>g-Term<br />
Life Surplus Account<br />
Unexpired Risk reserve<br />
Claims admitted or intimated but not paid<br />
Outst<strong>and</strong>ing Commissi<strong>on</strong>s<br />
Amount due to Reinsurers<br />
Unpaid Policyholders dividends<br />
Other Liabilities<br />
NET LIABILITIES<br />
N<strong>on</strong>-Admissable Assets Adjustment<br />
Unrealised Revaluati<strong>on</strong> Reserves<br />
Retained Account<br />
TOTAL LIABILITIES<br />
2,414,852,134<br />
2,030,358,699<br />
373,070,553<br />
11,422,882<br />
45,887,893<br />
2,561,585<br />
8,247,451<br />
3,089,043<br />
51,292,770<br />
2,525,930,876<br />
(37,475,213)<br />
179,917,633<br />
9,288,575<br />
2,677,661,871<br />
REPORT ON INSURANCE AND PENSIONS 103
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