Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
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172TABLES<br />
TABLE XIA<br />
STATEMENT OF STATUTORY FUND <strong>2007</strong> - SECURITIES HELD IN TRUST (LONG-TERM BUSINESS)<br />
MORE OR<br />
LESS THAN<br />
REQUIREMENT<br />
$<br />
-<br />
-<br />
Other<br />
Caricom<br />
Assets<br />
denoted in<br />
Foreign<br />
Currency<br />
Total<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
Other<br />
COMPANIES<br />
TOTAL<br />
ASSETS<br />
IN FUND<br />
TOTAL<br />
Foreign<br />
ASSETS<br />
OTHER<br />
Foreign<br />
ASSETS<br />
-<br />
-<br />
-<br />
-<br />
-<br />
Foreign<br />
Government<br />
Securities<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
“Local”<br />
Assets<br />
Ratio<br />
Total<br />
“Local”<br />
Assets<br />
-<br />
Caricom<br />
Assets<br />
-<br />
<strong>Trinidad</strong><br />
<strong>and</strong> Tobago<br />
“Local”<br />
Assets<br />
-<br />
<strong>Trinidad</strong><br />
<strong>and</strong> Tobago<br />
“Local”<br />
Assets<br />
Fixed<br />
Deposits<br />
-<br />
-<br />
-<br />
-<br />
<strong>Trinidad</strong><br />
<strong>and</strong><br />
Tobago<br />
Equities<br />
-<br />
-<br />
REAL<br />
ESTATE<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
Mortgages<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
<strong>Trinidad</strong><br />
<strong>and</strong><br />
Tobago<br />
Government<br />
securities<br />
-<br />
-<br />
$ $ $ $ $ $<br />
$ $ $ $ $ $ $ $ $<br />
LOCAL<br />
-<br />
-<br />
American Life <strong>and</strong> General <strong>Insurance</strong> Company (T&T)<br />
Limited<br />
1<br />
-<br />
998,944,181<br />
214,339,722<br />
7,474,007<br />
-<br />
-<br />
-<br />
-<br />
998,944,181<br />
174,527,529<br />
15,278,756<br />
(285,060,157)<br />
(2,886,497)<br />
(616,729,108)<br />
3,765,770<br />
18,053,868<br />
20,958,197<br />
(14,197,027)<br />
9,556,363<br />
21,909,976<br />
(449,910,676)<br />
(73,166)<br />
587,033<br />
(5,900,492)<br />
(1,277,173,153)<br />
36,792,427<br />
36,792,427<br />
316,690<br />
316,690<br />
(1,240,064,036)<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
998,944,181<br />
166,100,954<br />
-<br />
-<br />
12,512,626<br />
30,054,889<br />
-<br />
-<br />
74,024,963<br />
3,270,458<br />
-<br />
-<br />
1,550,454<br />
99,530,484<br />
-<br />
93,000,000<br />
27,500,000<br />
817,856,138<br />
5,334,100<br />
Bancassurance Caribbean Limited<br />
British-American <strong>Insurance</strong> Company ( <strong>Trinidad</strong> )<br />
Limited<br />
2.<br />
3.<br />
451,017,290<br />
10,974,359<br />
Caribbean Atlantic Life <strong>Insurance</strong> Company (T&T)<br />
Limited<br />
4.<br />
Caribbean <strong>Insurance</strong> Company Limited<br />
Col<strong>on</strong>ial Life <strong>Insurance</strong> Company (<strong>Trinidad</strong>) Limited<br />
5.<br />
6.<br />
REPORT ON INSURANCE AND PENSIONS<br />
39,812,193<br />
39,812,193<br />
100<br />
81<br />
8,426,575<br />
411,023<br />
9,466,950<br />
9,466,950<br />
98<br />
441,550,340<br />
441,550,340<br />
16,087,788<br />
49,391,812<br />
154,849,654<br />
123,082,140<br />
66,755,715<br />
31,383,231<br />
100<br />
10,974,359<br />
10,974,359<br />
10,866,779<br />
107,580<br />
10,662,996,540<br />
1,460,176,685<br />
1,460,176,685<br />
0<br />
86<br />
9,202,819,855<br />
1,127,972,565<br />
8,074,847,290<br />
1,322,830,007<br />
1,021,497,630<br />
4,694,303,899<br />
585,724,235<br />
57,729,855<br />
392,761,663<br />
1,808,309 87,967,340<br />
19,146,724 54,446,874 77,738,874 87,863 8,332,294 86,159,031<br />
98 1,808,309<br />
7. Cuna Caribbean <strong>Insurance</strong> Society Limited<br />
4,145,276<br />
Demerara Life Assurance Company <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong><br />
Tobago Limited<br />
8.<br />
Guardian General <strong>Insurance</strong> Limited<br />
9.<br />
10. Guardian Life <strong>of</strong> the Caribbean Limited<br />
183,454,260 147,235,132 530,033,180 1,497,124,164 136,147,044 758,461,577 3,252,455,357 69,961,920<br />
3,322,417,277<br />
90<br />
368,659,445 368,659,445 3,691,076,722<br />
828,771,781<br />
828,771,781<br />
100<br />
11. Maritime Life (Caribbean) Limited<br />
229,265,474 64,118,348 161,562,717 132,488,156 158,769,466 82,567,620 828,771,781<br />
127,433,138<br />
12. Mega <strong>Insurance</strong> Company Limited<br />
9,314,668 1,711,569 28,326,033 19,165,121 20,593,209 46,322,538 125,433,138 2,000,000<br />
127,433,138<br />
100<br />
50,928,934<br />
50,928,934<br />
100<br />
13. Nati<strong>on</strong>wide Life <strong>Insurance</strong> Company Limited<br />
16,321,532 477,692 8,000,000 13,809,983 5,489,892 6,829,835 50,928,934<br />
226,959,283<br />
226,959,283<br />
100<br />
34,926,009 226,959,283<br />
14. Scotialife <strong>Trinidad</strong> <strong>and</strong> Tobago Limited<br />
100,703,673 91,329,601<br />
649,653,083<br />
649,653,083<br />
100<br />
187,699,505 648,673,472 979,611<br />
15. Tatil Life Assurance Limited<br />
159,435,219 61,701,620 16,000,000 223,837,128<br />
512,000<br />
512,000<br />
16. The Beac<strong>on</strong> <strong>Insurance</strong> Company Limited<br />
512,000<br />
512,000<br />
The Reinsurance Company <strong>of</strong> <strong>Trinidad</strong> & Tobago<br />
Limited<br />
17.<br />
587,033<br />
0<br />
0<br />
100<br />
587,033<br />
587,033<br />
587,033<br />
11,744,661<br />
11,744,661<br />
100<br />
0<br />
0<br />
799,842<br />
5,444,819 11,744,661<br />
18. United Security Life <strong>Insurance</strong> Company Limited<br />
5,500,000<br />
TOTAL<br />
1,955,582,814 491,470,555 1,573,228,305 6,837,458,885 1,488,843,199 2,569,637,899 14,916,221,657 1,209,428,534 8,332,294 16,133,982,485<br />
90 1,808,309 1,878,115,273 1,879,923,582 18,013,906,067<br />
CARIBBEAN<br />
Life <strong>of</strong> Barbados Limited<br />
1.<br />
139,172,942 139,172,942 2,099,698,840<br />
1,960,525,897<br />
93<br />
2. Sagicor Life Incorporated<br />
402,329,373 604,935,589 203,154,599 153,947,128 153,376,889 341,160,668 1,858,904,247 101,621,651<br />
139,172,942 139,172,942 2,099,698,840<br />
1,960,525,897<br />
93<br />
TOTAL<br />
402,329,373 604,935,589 203,154,599 153,947,128 153,376,889 341,160,668 1,858,904,247 101,621,651<br />
OTHER<br />
Lincoln Assurance Limited<br />
1.<br />
1,031,500<br />
1,031,500<br />
100<br />
1,031,500<br />
2. Sun Life Assurance Company <strong>of</strong> Canada<br />
1,031,500<br />
1,031,500<br />
1,031,500<br />
100<br />
1,031,500<br />
TOTAL<br />
1,031,500<br />
GRAND TOTAL<br />
2,358,943,687 1,096,406,144 1,776,382,904 6,991,406,013 1,642,220,088 2,910,798,567 16,776,157,404 1,311,050,184 8,332,294 18,095,539,883<br />
90 1,808,309 2,017,288,216 2,019,096,524 20,114,636,407