Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
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TABLES<br />
TABLE XIXA<br />
REVENUE ACCOUNT IN RESPECT OF GROUP HEALTH INSURANCE - <strong>2007</strong><br />
INCOME<br />
COMPANIES FUND AT BEGINNING OF YEAR<br />
Unearned<br />
Premium<br />
Reserve<br />
Outst<strong>and</strong>ing<br />
Claims<br />
Reserve<br />
PREMIUMS COMMISSION<br />
RECEIVED<br />
NET Interest Other<br />
Transfer from<br />
Pr<strong>of</strong>it & Loss<br />
Account<br />
TOTAL<br />
LOCAL<br />
$ $ $ $ $ $<br />
$<br />
$<br />
American Life <strong>and</strong> General <strong>Insurance</strong> Company<br />
(T&T) Ltd.<br />
769,000<br />
5,718,334<br />
18,178,752<br />
581,267<br />
2,210,038<br />
27,457,391<br />
Col<strong>on</strong>ial Fire & General <strong>Insurance</strong> Company Ltd.<br />
4,839,467<br />
62,679,472<br />
67,518,939<br />
Guardian Life <strong>of</strong> the Caribbean Ltd.<br />
14,421,683<br />
121,066,824<br />
607,922<br />
136,096,429<br />
<strong>Trinidad</strong> <strong>and</strong> Tobago <strong>Insurance</strong> Ltd.<br />
892,307<br />
1,897,935<br />
10,917,597<br />
923,745<br />
14,631,584<br />
TOTAL<br />
6,500,774<br />
22,037,952<br />
212,842,645<br />
0<br />
1,505,012<br />
607,922<br />
2,210,038<br />
245,704,342<br />
CARIBBEAN<br />
Life <strong>of</strong> Barbados<br />
Sagicor Life Inc.<br />
5,470,888<br />
60,256,748<br />
(2,306,781)<br />
591,019<br />
64,011,874<br />
TOTAL<br />
5,470,888<br />
60,256,748<br />
(2,306,781)<br />
591,019<br />
64,011,874<br />
GRAND TOTAL<br />
11,971,662<br />
22,037,952<br />
273,099,393<br />
(801,769)<br />
607,922<br />
2,801,057<br />
309,716,216<br />
EXPENDITURE<br />
COMPANIES<br />
FUND AT END OF YEAR<br />
LOCAL<br />
American Life <strong>and</strong> General <strong>Insurance</strong> Company<br />
(T&T) Ltd.<br />
Payment <strong>of</strong> Claims<br />
Including<br />
Legal <strong>and</strong><br />
Medical Expenses<br />
COMMISSIONS OTHER Reserve for<br />
Expenses <strong>of</strong><br />
Management<br />
Unearned<br />
Premium<br />
Reserve for<br />
Outst<strong>and</strong>ing<br />
Claims<br />
$ $ $ $ $ $<br />
$<br />
11,420,010<br />
1,838,550<br />
6,289,043<br />
71,951<br />
Transfer to<br />
Pr<strong>of</strong>it & Loss<br />
Account<br />
$<br />
951,114<br />
6,886,723<br />
TOTAL<br />
27,457,391<br />
Col<strong>on</strong>ial Fire & General <strong>Insurance</strong> Company Ltd.<br />
45,591,364<br />
2,362,975<br />
14,204,668<br />
0<br />
0<br />
5,359,933<br />
0<br />
67,518,940<br />
Guardian Life <strong>of</strong> the Caribbean Limited<br />
24,276,722<br />
12,592,046<br />
9,096,420<br />
3,731,126<br />
83,534,984<br />
0<br />
2,865,129<br />
136,096,427<br />
<strong>Trinidad</strong> <strong>and</strong> Tobago <strong>Insurance</strong> Ltd<br />
6,468,821<br />
233,115<br />
1,001,700<br />
0<br />
3,925,772<br />
882,684<br />
2,119,492<br />
14,631,584<br />
TOTAL<br />
87,756,917<br />
17,026,686<br />
30,591,831<br />
3,803,077<br />
87,460,756<br />
7,193,731<br />
11,871,344<br />
245,704,342<br />
CARIBBEAN<br />
Life <strong>of</strong> Barbados<br />
Sagicor Life Inc.<br />
43,300,552<br />
4,239,543<br />
6,280,527<br />
0<br />
10,191,253<br />
0<br />
64,011,875<br />
TOTAL<br />
43,300,552<br />
4,239,543<br />
6,280,527<br />
0<br />
10,191,253<br />
0<br />
64,011,875<br />
GRAND TOTAL<br />
131,057,469<br />
21,266,229<br />
36,872,358<br />
3,803,077<br />
87,460,756<br />
17,384,984<br />
11,871,344<br />
309,716,216<br />
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182<br />
REPORT ON INSURANCE AND PENSIONS
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