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

TABLES
TABLE II continued
REVENUE ACCOUNT IN RESPECT OF ORDINARY LIFE, PENSION AND ANNUITY INSURANCE - 2007
EXPENDITURE
COMPANIES CLAIMS Surrender
(including
Surrender
of
Bonuses)
DEATH
MATURITIES
Other
Annuities
Policy
Payments
Other EXPENSES OTHER
Commissions
Salaries and
other
Expenses of
Management
Funds at
the
end of the
Year
LOCAL $ $ $ $ $ $ $ $
$ $
$
Transfers
to
Profit
and Loss
$
TOTAL
1.
American Life and General Insurance Company
(T&T) Ltd
2,585,412
16,688,016
20,747,683
48,570,424
13,664,740
34,896,556
(2,525,221)
(6,337,175)
893,264,228
2. Bancassurance Caribbean Limited
1,573,581 746,686 3,215,731 3,687,132 141,321 9,364,450 (37,242) 1,988,283 70,563 70,303,528 12,129,478 93,819,059
3. British-American Insurance Company (Trinidad) Ltd. 3,709,555 581,606 265,896 7,085,234 102,937,286 114,579,577 17,833,343 16,526,853
761,605,576 5,107,993 915,653,342
4. Caribbean Atlantic Life Insurance Co. (T&T) Ltd.
64,000 36,939
379,034
58,493 538,466
105,896
6,542,875 512,873 7,700,110
5. Colonial Life Insurance Company (Trinidad) Ltd.
9,109,883 27,233,909 1,090,457 13,284,083
50,718,333 13,162,771 64,012,060
887,389,778
(0) 1,015,282,942
6. Cuna Caribbean Insurance Society Ltd.
139,054 102,477
87,554 281,346
610,431 23,628 1,442,917
8,196,582 666,523 10,940,081
7.
Demerara Life Assurance Company of T&T Ltd.
N O A C C O U N T S U B M I T T E D
8. Guardian Life of the Caribbean Ltd.
20,102,959 2,058,146 2,673,599 7,289,075 65,698,231 97,822,011 98,632,157 122,673,116
680,779,664 (79,336,726) 920,570,222
9. Maritime Life (Caribbean) Ltd.
4,861,654 11,604,773 8,908,897 12,409,948 18,883,148 56,668,420 15,510,218 51,343,087 1,825,845 783,748,485 1,055,027 910,151,082
10. Mega Insurance Company Ltd.
1,634,578 3,526,907 188,452 8,696,824
14,046,761 2,505,337 12,505,698 329,561 143,503,306 1,774,988 174,665,651
11. Nationwide Insurance Company Ltd.
584,179 167,399
34,263 1,391,899 1,658,883 3,836,623
9,080
533,176
45,549,146 3,330,201 53,258,226
12. Scotialife Trinidad and Tobago Ltd.
757,260
27,696 14,868,055
15,653,012
4,416,308
197,119,804 3,554,900 220,744,024
13. Tatil Life Assurance Ltd.
4,265,046 11,249,438 1,436,097 19,954,886 2,232,080 39,137,547 7,574,352 9,406,334 3,741,100 379,778,528 41,911,022 481,548,883
14. The Reinsurance Co. of Trinidad and Tobago Ltd.
21,147
67,200
533,845 71,805 693,997
15
The Western General Insurance Company Ltd.
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
16 United Security Life Insurance Company Ltd.
120,084 16,647
9,387
41,097 187,215
75,496
16,452,150
55,471,147 59,910,340 34,616,658 110,084,586 191,650,539 451,733,270 168,899,531 319,992,979 3,441,847 4,786,235,460 (15,559,091) 5,714,743,997
1.
T R A N S F E R R E D T O S A G I C O R L I F E I N C O R P O R A T E D
2.
6,290,806 14,002,737 4,082,887 80,594,330 43,717,871 148,688,631 27,855,057 39,446,171
1,578,579,907 83,278,986 1,877,848,752
6,290,806 14,002,737 4,082,887 80,594,330 43,717,871 148,688,631 27,855,057 39,446,171
1,578,579,907 83,278,986 1,877,848,752
1.
2.
D E - R E G I S T E R E D
3.
68,477
68,477
78,090
519,251 (85,082) 580,736
68,477
68,477
78,090
519,251 (85,082) 580,736
61,761,953 73,913,077 38,768,022 190,678,916 235,368,411 600,490,378 196,754,588 231,977,002 3,441,847 6,365,334,619 67,634,813 7,593,173,485
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Life of Barbados Ltd.
Sagicor Life Inc.
TOTAL
CARIBBEAN
-
TOTAL
OTHER
Lincoln Assurance Ltd.
Cuna Mutual Insurance Society
Sun Life Assurance Company of Canada
TOTAL
GRAND TOTAL
8,549,313
804,994,904
16,189,439
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REPORT ON INSURANCE AND PENSIONS 161