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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APPENDIX A SCOTIALIFE INSURANCE LIMTED INCORPORATED 2003 Directors: R. YOUNG; T. FARRELL; O. ZIMMERMAN; H. MAZELY Secretary: B. JAMES Auditors: KPMG CHARTERED ACCOUNTANTS Actuary: RICHARD LABELLE Countries other than Trinidad and Tobago in which the Company writes Business: NIL. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2007 assets $ $ Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov’t of T&T Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Cash on Current Account and in hand Mortgage Loans Outstanding Premiums: Amounts due from Policyholders Interest, dividends and rents accruing but not due Sundry Debtors TOTAL ASSETS 3,590,000 4,794,619 28,765,363 97,664,333 1,754,047 6,003,849 142,572,211 5,333,618 140,430,413 57,569 4,735,566 48,711 293,178,088 liabilities $ $ Insurance Funds: Long-Term Claims admitted or intimated but not paid Premiums paid in advance Deposits re: policies Other Liabilities 204,518,573 204,518,573 161,537 367,027 59,739 5,263,017 NET LIABILITIES Paid-up Share Capital Retained Account TOTAL LIABILITIES 210,369,893 60,000,000 22,808,195 293,178,088 104 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES SUN LIFE ASSURANCE OF CANADA INCORPORATED 1952 Directors: J. C. BAILLIE; G. W. CARMANY, III; J. H. CLAPPISON; D. A. GANONG; G. GIBARA; K. T. HOEG; D. W. KERR; I. F. KESNER; B. F. NADEAU; R. W. OSBOURNE; D. A. STEWART; W. V. STOUGHTON; M. MERIN Secretary: J. M. WILSON Auditors: DELOITTE & TOUCHE LLP Actuary: R. W. WILSON Countries other than Trinidad and Tobago in which the Company writes business: Canada, United States, United Kingdom, Philippines, Hong Kong, Bermuda, Indonesia, India and China. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2007 assets $ $ Investments: Trinidad and Tobago Government Securities 1,061,888 1,061,888 Cash on Current Account and in hand Policy Loans Interest, dividends and rents accruing but not due TOTAL ASSETS liabilities $ 66,521 243,427 35,392 1,407,228 $ Insurance Funds: Long-Term Claims admitted or intimated but not paid Deposits re: policies Other Liabilities 519,251 519,251 54,431 383,325 450,221 NET LIABILITIES TOTAL LIABILITIES 1,407,228 1,407,228 REPORT ON INSURANCE AND PENSIONS 105

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES<br />

SUN LIFE ASSURANCE OF CANADA<br />

INCORPORATED 1952<br />

Directors: J. C. BAILLIE; G. W. CARMANY, III; J. H. CLAPPISON; D. A. GANONG; G. GIBARA; K. T. HOEG; D. W. KERR;<br />

I. F. KESNER; B. F. NADEAU; R. W. OSBOURNE; D. A. STEWART; W. V. STOUGHTON; M. MERIN<br />

Secretary: J. M. WILSON<br />

Auditors: DELOITTE & TOUCHE LLP<br />

Actuary: R. W. WILSON<br />

Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes business: Canada, United States, United Kingdom,<br />

Philippines, H<strong>on</strong>g K<strong>on</strong>g, Bermuda, Ind<strong>on</strong>esia, India <strong>and</strong> China.<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 />

<strong>Trinidad</strong> <strong>and</strong> Tobago Government Securities<br />

1,061,888<br />

1,061,888<br />

Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />

Policy Loans<br />

Interest, dividends <strong>and</strong> rents accruing but not due<br />

TOTAL ASSETS<br />

liabilities $<br />

66,521<br />

243,427<br />

35,392<br />

1,407,228<br />

$<br />

<strong>Insurance</strong> Funds:<br />

L<strong>on</strong>g-Term<br />

Claims admitted or intimated but not paid<br />

Deposits re: policies<br />

Other Liabilities<br />

519,251<br />

519,251<br />

54,431<br />

383,325<br />

450,221<br />

NET LIABILITIES<br />

TOTAL LIABILITIES<br />

1,407,228<br />

1,407,228<br />

REPORT ON INSURANCE AND PENSIONS 105

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