Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...

TABLES
TABLE I continued
REVENUE ACCOUNT IN RESPECT OF LONG-TERM INSURANCE - 2007
EXPENDITURE
1.
COMPANIES
LOCAL
American Life and General Insurance
Company (T&T) Ltd.
CLAIMS Surrender
(including
Surrender
of Bonuses)
DEATH MATURITIES OTHER
Total
Policy
Annuities OTHER EXPENSES
TOTAL
Payments COMMISSIONS Salaries and
other Expenses of
Management
Interest thereon
Other Funds at the
end of the
Year
$ $ $ $ $ $ $ $ $
$ $
21,452,501
2,585,412
16,688,016
28,544,825
4,205,792
73,476,546
21,493,037
53,932,692
(2,529,922)
1,040,850,449
Transfers
to Profit
and Loss
730,344
$
1,187,953,146
2. Bancassurance Caribbean Limited
19,497,611
746,685
3,215,732 3,687,132
141,321 27,288,481
(37,242) 2,849,689
205,623 72,476,117 9,599,127 112,381,795
3.
British-American Insurance Company
(Trinidad) Ltd.
4,060,607
1,063,117
507,362
7,095,960
102,937,286
115,664,332
18,154,758
16,842,716
764,406,302
5,852,538
920,920,646
4.
Caribbean Atlantic Life Insurance
Company (T&T) Ltd.
64,000
36,939
379,034
58,493
538,466
105,896
6,542,875
512,874
7,700,110
5.
Caribbean Insurance Company Ltd.
0
6.
Colonial Life Insurance Company
(Trinidad) Ltd.
25,302,151
82,141,694
5,976,653
1,673,566,141
576,355,879
2,363,342,518
154,922,415
226,456,761
350,142,461
12,458,432,995
24,660,920
15,577,958,070
7. Cuna Caribbean Insurance Society Ltd.
41,202,978
102,477
87,554
281,346
41,674,355 3,693,911 12,848,872
8,196,582 17,275,617 83,689,337
8.
Demerara Life Assurance Company of
T&T Ltd.
0
9. Guardian General Insurance Limited
249,997
(6,659)
243,338
10. Guardian Life of the Caribbean Ltd.
23,975,796
2,058,146
2,673,599 171,814,735 94,491,157 295,013,432 99,978,156 243,752,877 1,067,844 3,101,696,476 (73,449,685) 3,668,059,100
11. Maritime Life (Caribbean) Limited
4,861,654 11,604,773 15,937,569 12,409,948 18,883,147 63,697,091 15,757,425 52,126,087 1,825,845 838,091,619 1,801,131 973,299,197
12. Mega Insurance Company Limited
1,634,578
3,526,907
188,452 8,696,824
14,046,761 2,505,337 12,505,698
329,561 143,503,307 1,774,987 174,665,651
13. Nationwide Insurance Company Ltd.
584,179
167,399
34,263 1,391,899 1,658,883 3,836,623
9,080
533,176
45,549,147 3,330,200 53,258,226
14. Scotialife Trinidad and Tobago Ltd.
1,345,463
27,697 14,868,055
16,241,215
656,701 5,279,188
204,518,573 12,716,011 239,411,688
15. Tatil Life Assurance Ltd.
5,007,046 11,309,440
6,877,807 22,926,813 4,438,372 50,559,478 7,635,960 9,970,195 3,938,000 538,022,978 81,809,185 691,935,796
16. The Beacon Insurance Company Ltd.
(193,591)
(193,591)
7,452
48,103
101,572
56,634
594,263
614,433
17.
The Reinsurance Co. of Trinidad and
Tobago Ltd.
21,147
67,200
533,845
71,805
693,997
18.
19.
The Western General Insurance Co. Ltd.
United Security Life Insurance Co. Ltd.
120,084
16,647
R E G I S T R A T I O N C A N C E L L E D J U L Y 2 0 0 7
9,387
41,097 187,215
75,496
16,189,439
0 16,452,150
TOTAL
CARIBBEAN
149,108,648 115,359,636 52,021,113 1,945,672,098 803,211,427
1. Life of Barbados Ltd.
3,065,372,922 324,798,137 637,394,645 355,080,983 19,239,317,335 87,272,657 23,709,236,679
2. Sagicor Life Inc.
11,199,739 14,002,737
4,082,886 80,594,330 77,611,117 187,490,809 29,909,808 43,451,197
2,030,358,699 58,061,712 2,349,272,225
1.
2.
TOTAL
OTHER
Cuna Mutual Insurance Society
Sun Life Assurance Company of Canada
TOTAL
11,199,739 14,002,737
4,082,886 80,594,330 77,611,117 187,490,809 29,909,808 43,451,197
2,030,358,699 58,061,712 2,349,272,225
D E - R E G I S T E R E D
22,000
22,000
73,845
73,845
95,845
95,845
78,090
78,090
519,251
519,251
(98,380)
(98,380)
594,806
594,806
GRAND TOTAL
160,330,387 129,362,373 56,177,844 2,026,266,428 880,822,544 3,252,959,576 354,707,945 680,923,932 355,080,983 21,270,195,285 145,235,989 26,059,103,710
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REPORT ON INSURANCE AND PENSIONS 159