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

TABLES
TABLE XXII
SUMMARY AND VALUATION OF POLICIES OF AMERICAN LIFE & GENERAL INSURANCE COMPANY (TRINIDAD AND TOBAGO)
LIMITED IN RESPECT OF LONG-TERM INSURANCE AS AT DECEMBER 31, 2007
POLICIES REGISTERED IN TRINIDAD AND TOBAGO
DESCRIPTION OF TRANSACTIONS Number
of
Policies
Sums
Assured
and Bonuses
Office
Yearly
Premiums
Net
Yearly
Premiums
Net
Liability
INSURANCE POLICIES $ $ $ $
Total Assurances with Profits
12,611
778,138,194
17,333,008
8,139,383
131,623,041
Total Assurances without Profits
15,139
3,230,261,451
33,029,893
23,614,169
188,166,038
TOTAL ASSURANCES
27,750
4,008,399,645
50,362,901
31,753,552
319,789,079
Suplementary Benefits
8,256,184
5,485,850
4,796,023
Group Life Insurances
226
2,794,901,367
12,727,061
10,181,649
50,009
Individual Annuities - Deferred
In Payment
TOTAL IND. ANNUITIES
11,080
11,080
pa
pa
91,805,462
91,805,462
Tax Qual. Ind. Annuities - Deferred
In Payment
TOTAL TAX QUAL. IND. ANNUITIES
14,704
908
15,612
-
3,940,065
3,940,065
pa
pa
pa
178,696,294
44,753,870
223,450,164
Group Annuities - Deferred
In Payment
TOTAL GROUP ANNUITIES
45
45
-
4,205,792
4,205,792
pa
pa
pa
196,103,087
36,726,808
232,829,895
AIDS RESERVE
PERSONAL ACCIDENT BENEFITS
27,000,000
2,975,643
GRAND TOTAL - NET
54,713
6,811,446,869
71,346,146
47,421,051
902,696,275
VALUATION BALANCE SHEET OF THE LONG-TERM INSURANCE OF
AMERICAN LIFE & GENERAL INSURANCE COMPANY (T&T) LIMITED
AS AT DECEMBER 31, 2007
pa
Net Liabilities under Policies on Register
in Trinidad and Tobago
$
902,696,276
Balance of Long Term Fund
per Revenue Account
$
1,040,850,449
Other
Surplus (if any)
138,154,173
Deficiency (if any)
TOTAL
1,040,850,449
TOTAL
1,040,850,449
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REPORT ON INSURANCE AND PENSIONS 185