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

TABLES
TABLE XV (2)
REVENUE ACCOUNT IN RESPECT OF OTHER THAN LONG-TERM OR MOTOR INSURANCE - 2007
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
1.
2.
3.
COMPANIES
LOCAL
American Life and General Insurance Co. (T&T) Ltd.
Bankers Insurance Company (T&T) Ltd.
Brtish-American Insurance Co. Trinidad Ltd.
Capital Insurance Ltd.
Caribbean Insurance Company Ltd.
Citizen Insurance Company Ltd.
Colonial Fire & General Insurance Co. Ltd.
Export Import Bank of Trinidad and Tobago Co. Ltd.
Furness Anchorage General Insurance Ltd.
GTM Fire Insurance Company Ltd.
Guardian General Insurance Ltd.
Guardian Life of the Caribbean Ltd.
Gulf Insurance Ltd.
Maritime General Insurance Company Ltd.
Motor & General Insurance Company ltd.
Motor One Insurance Company Ltd.
Nationwide Insurance (Casualty & General) Co. Ltd.
Royal Caribbean Insurance Ltd.
The Beacon Insurance Company Ltd.
The Goodwill General Insurance Company Ltd.
The Great Northern Insurance Company Ltd.
The Mountain General Insurance Company Ltd.
The New India Assurance Company (T&T) Ltd.
The Presidential Insurance Company Ltd.
The Reinsurance Company of T&T Ltd.
The Western General Insurance Company Ltd.
Trinidad & Tobago Insurance Ltd.
TOTAL
CARIBBEAN
Sagicor General Insurance Company Ltd.
Sagicor Life Inc.
United Insurance Company Ltd.
TOTAL
GRAND TOTAL
FUND AT THE BEGINNING
OF YEAR
Unearned
Premium
Reserve
$
37,678,119
10,939,918
835,119
31,436,359
55,947,640
122,829
2,622,913
14,993,612
81,555,273
14,537,253
7,590,177
34,826,327
10,936,827
24,579,364
15,580,183
8,385,495
10,672,345
54,117,113
417,356,865
35,487,317
6,207,288
5,058,067
46,752,672
464,109,537
Outstanding
Claims
Reserve
$
20,288,142
14,102,282
97,827
32,407,381
25,611,689
633,707
7,170,339
135,150,890
20,961,360
10,594,698
51,126,959
NO
2,352,265
4,424,431
17,092,457
11,233,618
8,212,420
13,038,952
70,044,393
444,543,810
24,659,156
3,633,721
28,292,877
472,836,687
REVENUE
Premiums COMMISSIONS INTEREST Other Profit & Loss
RECIEVED DIVIDENDS
ADJUSTMENTS
AND RENTS
$
99,398,251
28,329,790
5,562,043
73,669,418
194,028,052
2,124,504
9,457,712
28,709,987
219,515,814
186,863,110
14,356,567
106,211,198
ACCOUNTS
30,988,062
51,686,300
32,010,282
32,932,837
32,634,194
125,601,746
1,274,079,866
67,441,575
62,030,068
13,427,714
142,899,357
1,416,979,223
$
12,763,821
1,369,614
57,906
20,062,918
3,208,134
3,933,470
21,184,156
1,287,814
8,128,126
SUBMITTED
13,002,343
3,864,935
5,791,325
10,571,166
105,225,728
13,344,012
518,324
8,218,088
22,080,424
127,306,152
$
TOTAL
Expenses
of
Management
EXPENDITURE
Commissions Other
Unearned
13,978,163
22,148,489 206,254,984 28,942,746 20,732,402 17,159,312 38,225,004
293,670 55,035,273 13,174,177 4,730,586 5,968,572
90,617 8,215 1,216,415 7,810,236 2,127,169 361,421 1,059,591
4,741,188
142,312,252 56,330,442 4,764,688 8,202,952
1,101,368
1,161,137 2,262,505
2,258,643 3,862
I N C O M P U L S O R Y L I Q U I D A T I O N
7,749,037
1,809,597 305,208,933 100,374,177 26,203,165 54,105,999
2,090,600
4,337,933 (80,000)
1,736,789
622,920
199,481 16,744,867 1,875,892 2,731,385 2,250,098
1,367,559 1,446,869 325,205 57,947,041 11,501,621 5,763,040 9,509,587
13,407,590 13,699 731,393 471,558,815
44,434,870 43,593,366
107,536,938
607,923 66,232,780 289,202,426
46,195,045 10,179,437 3,950,312
3,308,551
1,085,101 38,222,908 111,462,240 2,918,253 3,573,082
13,269,504
1,099,622 214,661,736 10,536,914 25,032,363 17,634,723
N O A C C O U N T47,920,549
S S U B M I T T E D
894,083
45,171,237 14,026,610 2,008,458 7,991,405
67,021
1,099,502
163,932 6,103,278 4,655,384 113,563,244 448,866
14,233,569 9,798,048 1,057
24,458,797 1,508,696
I N C O M P U L S O R Y L I Q U I D A T I O N
N O A C C O U N T S S U B M I T T E D
N O A C C O U N T S S U B M I T T E D
1,266,686 63,955,704 11,545,835 7,385,669 8,451,282
1,257,309 11,221,048
62,009,109 14,365,911 2,197,813 9,598,672 190,796
62,136,816 10,644,584 7,264,556 8,937,050
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
15,250,653
275,585,070 56,626,383 15,739,530 16,537,667
80,295,664 13,297,754 103,836,786 2,438,636,473 613,594,624 228,261,292 253,208,080 43,878,669
(2,527,214)
3,126,093
598,879
80,894,543
$
2,010,746
2,010,746
15,308,500
$
3,145,851
1,083,374
406,589
4,635,814
108,472,600
$
144,077,911
69,322,585
33,870,272
247,270,768
2,685,907,241
Payment
of Claims
Includung
Legal and
Medical
Expenses
$
29,563,711
44,510,164
4,997,644
79,071,519
692,666,144
$
18,575,769
6,075,280
6,145,656
30,796,705
259,057,997
$
6,788,687
1,473,376
8,262,063
261,470,143
$
3,663,299
3,663,299
47,541,968
Transfer to
Profit & Loss
Account
$
25,162,980
4,366,498
1,903,278
(8,915,244)
21,717,273
2,574,985
4,642,279
5,095,473
16,643,958
83,534,985
2,041,100
12,148,496
1,587,710
7,459,657
438,025
11,660,148
3,326,545
52,614,797
248,002,943
23,117,916
525,572
6,200,250
29,843,738
277,846,681
Premium
RESERVE
$
FUND AT
AT END OF YEAR
51,549,222
15,799,733
1,661,439
41,536,557
66,839,648
106,159
4,634,929
18,492,414
91,997,491
18,882,947
8,573,724
47,364,244
16,077,956
32,962,709
20,733,563
14,429,473
16,739,724
68,290,275
536,672,208
42,186,359
11,422,882
5,873,994
59,483,235
596,155,443
Outstanding
Claims
RESERVE
$
24,483,319
10,995,707
697,338
40,392,857
35,968,671
610,284
7,584,906
167,352,189
14,997,460
10,579,836
64,561,362
3,479,098
4,205,460
23,141,768
15,401,330
9,566,295
15,224,357
65,776,419
515,018,656
30,634,156
5,516,063
36,150,219
551,168,875
TOTAL
$
206,254,984
55,035,273
7,810,236
142,312,252
2,262,505
305,208,933
4,337,933
16,744,867
57,947,042
471,558,815
289,202,427
38,222,908
214,661,737
45,171,237
4,655,384
113,563,244
63,955,704
62,009,109
62,136,816
275,585,070
2,438,636,477
144,077,911
69,322,585
33,870,282
247,270,778
2,685,907,255
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
REPORT ON INSURANCE AND PENSIONS 177