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

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TABLES
TABLE VI
REVENUE ACCOUNT IN RESPECT OF GROUP PENSION INSURANCE - 2007
INCOME
COMPANIES FUNDS AT THE
BEGINNING
OF THE YEAR
NET
PREMIUM
TOTAL
PREMIUM
COMMISSION
RECEIVED
NET
INTEREST
Other TOTAL
LOCAL
$ $ $ $ $ $ $
1.
American Life and General Insurance Company
(T&T) Ltd.
219,946,912
11,608,506
11,608,506
18,372,150
249,927,568
2. Colonial Life Insurance Company (Trinidad) Ltd.
7,890,885,749 4,867,307,033 4,867,307,033
574,002,621
13,332,195,403
3. Guardian Life of the Caribbean Ltd.
88,039,318
2,740,969 (4,018,639) 86,761,648
4. Maritime Life (Caribbean) Ltd.
50,740,349
3,118,940
3,118,940
2,740,809
(1) 56,600,098
5. Tatil Life Assurance Ltd.
21,841,008 3,079,774 3,079,774
18,452,646 11,077,639 54,451,068
TOTAL
8,271,453,336 4,885,114,253 4,885,114,253
616,309,196 7,058,999 13,779,935,785
EXPENDITURE
COMPANIES CLAIMS Surrender
(including
Surrender
of
Bonuses)
DEATH OTHER
Annuities Total
Policy
Payments
OTHER EXPENSES Other Transfers
to
Profit
Expenses of
and Loss
Commissions Management
Funds at the
end
of the
Year
TOTAL
LOCAL
$ $ $ $ $ $ $ $ $ $ $
American Life and General Insurance Company (T&T)
Ltd.
7,797,142
4,205,792
12,002,934
45,469
3,773,676
0
1,275,601
232,829,888
249,927,568
Colonial Life Insurance Company (Trinidad) Ltd.
3,713,729 54,907,784 1,660,282,058 424,585,980 2,143,489,552 140,582,654 143,723,843 206,815,555
0 10,697,583,800 13,332,195,403
Guardian Life of the Caribbean Ltd.
773,133
773,133
966,112
0 (5,265,109) 90,287,511 86,761,648
Maritime Life (Caribbean) Ltd.
2,276,241
2,276,241
251,631
0
(270,908) 54,343,134 56,600,098
Tatil Life Assurance Ltd.
140,333 2,206,292 2,346,625
1,406
346,704
118,140 26,163,603 25,474,590 54,451,068
TOTAL
4,486,863 57,184,025 1,668,219,533 430,998,064 2,160,888,485 - 140,629,529 149,061,965 206,933,695 21,903,188 11,100,518,923 13,779,935,785
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166
REPORT ON INSURANCE AND PENSIONS