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

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51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. TABLES TABLE XXXIV continued SELF-ADMINISTERED PENSION FUND PLANS - BALANCE SHEET - 2007 Brought Forward NAME OF PLAN Trinidad and Tobago Government Securities denoted in T.T. $ $ 621,545,807 Corporate Securities 1,108,091,309 Real Estate $ Trinidad and Tobago Equities Fixed / Call Deposit $ $ $ $ $ Other Trinidad and Tobago Assets Trinidad and Tobago Securities denoted in Foreign Currency 134,725,389 Trinidad and Tobago Government Securities denoted in Foreign Currency Mortgages FUND AT 29,813,291 1,708,002,195 160,780,702 641,028,424 10% Carricom: Equity 10% Carricom: Government Foreign Government Securities $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 39,977,410 10,119,120 2,084,452 10 Carricom: Other 4,739,927 Total Local Assets 4,460,908,026 90% Carricom: Equity 91,072,078 90% Carricom: Government 18,760,065 90% Carricom: Other 42,659,343 23,143,556 Other Foreign Securities 176,137,237 Foreign Equity 216,582,690 Total Foreign Assets 568,354,970 Total Assets in Fund 5,029,262,995 Total Local Asset Ratio 35 Local Equity Ratio 12 100% Carricom: Equity 137,810,596 100% Carricom: Government 38,012,310 END OF PERIOD 73,399,270 Point Lisas Industrial Development Corporation Pension Fund Plan 9,409,781 33,643,775 9,811,841 2,270,000 1,571,321 142,965 56,849,683 1,286,685 1,286,685 58,136,368 97.79% 17.12% 1,429,650 Port Authority of Trinidad and Tobago (Daily / Weekly) Pension Plan 0 0 0.00% 0.00% Port Authority of Trinidad and Tobago (Monthly Paid) Pension Plan 0 0 0.00% 0.00% PriceWaterhouseCoopers Limited Pension Plan 0 0 0.00% 0.00% RBTT Pension Plan 42,841,345 33,361,310 248,085 25,744,197 80,885,014 2,735,240.00 185,815,191 4,960,170.00 14,130,696 19,090,866 204,906,057 90.68% 12.56% 8,675,115 4,972,815 Republic Bank of Trinidad and Tobago Limited Pension Fund Plan 252,641,042 420,935,577 16,490,159 844,714,555 430,472,797 516,631,503 59,072,082 0 5,799,018 148,586,419 2,695,343,152 52,191,159 1,337,277,771 1,389,468,930 4,084,812,082 65.98% 20.82% 57,990,177 1,485,864,190 6,208,250 RHA Pension Plan Scotiabank Trinidad and Tobago Limited Pension Fund Plan 56,077,376 68,441,846 51,725,247 72,969,261 861,448 14,367,557 44,272,573 116,504,589 37,549,349 12,370,901 119,334,228 12,334,413 35,419,603 1,097,087 937,881 110,724 1,999,098 419,963 216,819,081 429,974,063 9,873,787 8,440,931 996,517 17,991,881 3,779,663 3,027,339 24,894,746 39,544,712 29,460,151 256,363,793 459,434,214 84.57% 93.59% 17.70% 25.56% 10,970,874 9,378,812 1,107,241 19,990,979 4,199,625 Servol Limited Pension Fund Plan 1,959,350 4,165,034 7,412,724 4,324,624 209,382 154,752 18,225,866 1,392,764 1,878,628.00 3,271,392 21,497,257 84.78% 35.20% 1,547,515 Telecommunications Services of Trinidad and Tobago Limited Pension Fund Plan 66,990,823 131,262,707 2,796,562 164,937,594 73,811,252.00 721,411,317 25,604,225 1,995,218 1,559,409 1,102,329 2,119,011 1,193,590,447 14,034,681 9,920,965 19,071,096 23,848,936 66,875,678 1,260,466,125 94.69% 13.21% 15,594,090 11,023,294 21,190,107 Texaco (Trinidad) Limited Staff Retirement Plan 6,147,256 13,542,346 12,560,918 3,344,213 2,937,917 126,817 20,085.30 40,016 38,719,568 1,141,349 180,768 360,144 7,097,220 8,779,481 47,499,049 81.52% 26.71% 1,268,166 200,853.00 400,160 The Demerara Life Assurance Company of Trinidad and Tobago Limited Sales Staff Pension Fund Plan 0 0 0.00% 0.00% The Guyana and Trinidad Mutual Fire Insurance Company Pension Plan 0 0 0.00% 0.00% The Home Mortgage Bank Pension Fund Plan 0 0 0.00% 0.00% The Mercantile Banking and Finance Corporation Ltd. Pension Fund Plan 0 0 0.00% 0.00% The West Indian Tobacco Company Ltd. Pension Fund Plan 18,201,444 14,092,008 1,307,118 31,985,630 9,810,711 7,100,821 653,661 1,037,666 817,474 145,695.70 85,152,228 9,338,992 7,357,265 1,311,261 840,539 17,231,537.00 36,079,595 121,231,823 70.24% 27.24% 10,376,658 8,174,739 1,456,957.00 Thomas Peake and Company Limited Pension Plan 4,155,950 5,784,610 8,027,072 829,067 582,285 39,348 54,581 21,090 20,008 491,229 189,806 180,072 3,184,762.00 82.86% 34.23% Trinidad Building and Loan Association Pension Fund Plan 2,420,642 622,764 11,860,449 837,938 100.00% 75.34% Trinidad Cement Limited Employees Pension Fund Plan 64,289,553 149,062,596 212,453,666 72,723,126 52,446,121 3,707,373 186,375 1,145,985 33,366,356 1,677,374 10,313,863 22,797,877 89.34% 33.82% Trinidad Hilton Limited Pension Fund Plan 4,570,677 20,503,589 103,954,174 22,204,817 3,002,129 21,012 137,318.00 50,000.00 12,141.30 50,501,683 1,235,862 450,000 109,272 6,315,817 8,110,951 58,612,634 86.16% 38.12% 1,373,180 500,000 121,413 Trinidad and Tobago Eletricity Commission Pension Fund Plan 104,835,899 34,599,006 1,450,161,721 880,101,987 390,636,088 315,595,899 15,780,561 3,756,596 142,025,046 33,809,363 13,655,871 94.57% 42.02% Trinidad and Tobago Electricity Commission Provident Fund 11,953,841 109,997 100.00% 0.00% Trinidad and Tobago External Telecommunications Company Limited Pension Fund 65,443,682 105,984,328 179,109,555 26,118,296 56,617,080 6,371,616 35,830,018 9,062,450 89.58% 36.40% Trinidad and Tobago Methanol Company Limited Pension Fund Plan 65,457,125 9,745,707 0 10,063,359 58,290,301 2,406,213 1,560,959 39,475 120,512 355,275 1,084,609 1,797,440 21,271,036 85.80% 5.85% Trinidad and Tobago National Petroleum Marketing Company Limited Contributory Pension Plan I 16,443,492 66,978,523 59,951,665 23,960,714 3,274,700 39,455,861.00 4,001,382 79.79% 27.89% Carried Forward 1,471,873,090 2,277,069,697 190,144,478 4,919,779,120 1,756,087,349 2,589,719,727 615,406,468 81,807,780 40,694,022 155,098,558 12,399,342 14,110,079,630 366,246,194 1,395,887,021 111,594,077 35,315,881 336,966,878 305,234,665 2,551,244,717 16,661,324,347 51 16 468,764,416 1,594,716,667 175,251,855 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 48,174 19,562,185 4,045,869 23,608,054 545,810 210,896 200,080.00 12,365,567 15,741,793 0 15,741,793 2,593,267 570,973,629 68,155,470 639,129,099 37,073,729 1,863,749 11,459,848 3,299,421,931 189,490,280 3,488,912,211 157,805,607 37,565,959 12,063,838 0 12,063,838 7,527,139 440,800,080 51,264,084 492,064,164 11,956,500 19,734,486 12,345,842 413,378 148,097,029 24,508,360 172,605,389 394,750 1,205,121 911,065 171,520,159 43,457,243 214,977,402 4,573,187 1,855,994 6,704,344 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 202 REPORT ON INSURANCE AND PENSIONS
76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. TABLES NAME OF PLAN Brought Forward Trinidad and Tobago National Petroleum Marketing Company Limited Contributory Pension Plan II Trinidad and Tobago Oil Company Limited Contributory Pension Fund “A” Trinidad and Tobago Oil Company Limited Contributory Pension Fund “B” Trinidad and Tobago Oil Company Limited Non-Contributory Pension Fund Trinidad and Tobago Oil Company Limited Employeess’ Benefit Plan Trinidad and Tobago Oil Company Limited Staff Retirement Plan Trinidad and Tobago Petroleum Company Limited Employees Pension Fund Plan Trinidad and Tobago Petroleum Company Limited Staff Pension Fund Plan Trinidad and Tobago Port Contractors Limited Employees Pension Fund Plan Trinidad and Tobago Telephone Company Limited Staff Pension Fund Plan Trinidad and Tobago Unit Trust Corporation Pension Fund Plan Trinmar Limited Employees Benefit Plan Trintoplan Consultant Limited Staff Pension Plan T. Geddes Grant (Trinidad) Staff Savings and Pension Fund Plan T. Geddes Grant Limited Pension Fund Plan Water and Sewerage Authority Pension Fund Plan Y De Lima & Company Limited Staff Pension Fund Plan GRAND TOTAL TABLE XXXIV continued SELF-ADMINISTERED PENSION FUND PLANS - BALANCE SHEET - 2007 Trinidad and Tobago Government Securities denoted in T.T. $ $ Corporate Securities Real Estate $ Trinidad and Tobago Equities Fixed / Call Deposit $ $ $ $ $ Other Trinidad and Tobago Assets Trinidad and Tobago Securities denoted in Foreign Currency Trinidad and Tobago Government Securities denoted in Foreign Currency 10% Carricom: Equity 10% Carricom: Government 10 Carricom: Other Total Local Assets 90% Carricom: Equity Mortgages FUND AT 90% Carricom: Government 90% Carricom: Other Foreign Government Securities $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Other Foreign Securities Foreign Equity Total Foreign Assets Total Assets in Fund Total Local Asset Ratio Local Equity Ratio 100% Carricom: Equity 100% Carricom: Government END OF PERIOD 1,471,873,090 2,277,069,697 190,144,478 4,919,779,120 1,756,087,349 2,589,719,727 615,406,468 81,807,780 40,694,022 155,098,558 12,399,342 14,110,079,630 366,246,194 1,395,887,021 111,594,077 35,315,881 336,966,878 305,234,665 2,551,244,717 16,661,324,347 51 16 468,764,416 1,594,716,667 175,251,855 19,642,578 62,712,475 4,167,223 76,379,211 1,250,000 23,339,532 16,228,898 394,275 984,718 205,098,910 8,862,460 3,349,544 12,212,004 217,310,914 94.38% 35.60% 9,847,178 100,446,603 159,591,990 11,339,503 309,585,759 534,000 106,315,036 21,812,440 750,725 1,628,908 1,078,791 713,083,755 6,756,525 14,660,174 9,709,117 3,855,083 76,611,238 111,592,137 824,675,892 86.47% 37.63% 7,507,250 16,289,082 10,787,908 127,557,799 154,962,779 8,561,283 304,139,831 199,000 182,579,192 16,352,621 2,412,444 2,106,566 1,407,001 800,278,516 21,711,992 18,959,097 12,663,013 93,838,557 147,172,659 947,451,175 84.47% 32.36% 24,124,436 21,065,663 14,070,014 10,899,501 29,914,350 66,838,229 4,400,000 2,473,786 8,407,596 82,000.80 123,015,463 738,007 4,214,185 4,952,192 127,967,655 96.13% 52.23% 820,008 0 0 0.00% 0.00% 0 0 0.00% 0.00% 0 0 0.00% 0.00% 151,549,677 247,838,585 11,263,186 365,970,643 498,000 126,165,159 58,988,675 3,548,625 3,903,625 1,812,725 971,538,900 31,937,625 35,132,625 16,314,529 174,616,381 258,001,160 1,229,540,060 79.02% 30.05% 35,486,250 39,036,250 18,127,254 0 0 0.00% 0.00% 196,728,243 349,265,796 6,578,090 653,301,079 27,687,500 311,260,931 106,052,010 17,312,474 1,668,186,123 62,880,264.00 58,779,781 190,316,450 311,976,495 1,980,162,618 84.24% 32.99% 50,886,175 66,676,571 111,837,719 0 0 0.00% 0.00% 34,313,213 94,031,832 8,305,132 135,582,615 7,300,000.00 85,990,446 12,954,415 3,271,957 1,889,545 1,533,647 765,821 385,938,622 17,005,901 13,802,821 6,892,385 1,960,497 50,170,423.00 91,724 89,923,752 475,862,374 81.10% 28.89% 18,895,446 15,336,468 7,658,206 0 0 0.00% 0.00% 0 0 0.00% 0.00% 0 0 0.00% 0.00% 109,228,349 75,450,511 228,072,542 -18,490,000 54,681,125 225,750 486,148,277 2,031,750 10,646,244.00 12,677,994 498,826,271 97.46% 45.77% 2,257,500 805,112 278,287 1,540,182 968,963 485,905.00 69,198 15,014 622,782 3,980,331 135,128 348,439.00 11,516,290.00 11,999,857 0.00% 0.00% 150,142 79,430 2,222,517,340 3,450,838,015 241,899,077 0 7,060,617,992 1,816,931,754 3,482,524,934 856,272,321 102,786,486 50,520,842 164,353,305 18,086,462 19,467,348,528 454,687,576 1,479,179,745 157,173,121 278,976,545 627,013,121 514,722,858 3,511,752,966 22,979,101,494 84.72% 19 617,918,793 1,754,745,821 337,812,386 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - REPORT ON INSURANCE AND PENSIONS 203
Page 1:
ISSN 1995-7173
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TABLE OF CONTENTS Paragraph Referen
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TABLE OF CONTENTS LIST OF TABLES TA
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OVERVIEW OF THE INSURANCE INDUSTRY
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PART I - INSURANCE COMPANIES 3. LON
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INSURANCE COMPANIES New Business Wr
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INSURANCE COMPANIES FIGURE 5 Long-T
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INSURANCE COMPANIES 3.06 Policies d
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INSURANCE COMPANIES 3.10 Assets pla
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INSURANCE COMPANIES Local Assets Ra
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INSURANCE COMPANIES 3.17 Net Premiu
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INSURANCE COMPANIES FIGURE 7 Long-T
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INSURANCE COMPANIES REINSURANCE 3.1
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GENERAL INSURANCE BUSINESS 4. GENER
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INSURANCE COMPANIES Statutory Depos
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INSURANCE COMPANIES DEPOSITS RETAIN
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INSURANCE COMPANIES GENERAL INSURAN
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INSURANCE COMPANIES SCHEDULE SHOWIN
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INSURANCE COMPANIES Underwriting Re
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INSURANCE COMPANIES REINSURANCE - M
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INSURANCE COMPANIES SCHEDULE SHOWIN
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INSURANCE COMPANIES FIGURE 10 OTHER
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INSURANCE COMPANIES REINSURANCE - P
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INSURANCE COMPANIES REINSURANCE - O
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INSURANCE COMPANIES MARGIN OF SOLVE
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INSURANCE COMPANIES 5. ASSOCIATION
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INSURANCE INTERMEDIARIES Examinatio
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PENSION FUND PLANS 7.09 The followi
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PENSION FUND PLANS Balance Sheets 7
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PENSION FUND PLANS FIGURE 12 PENSIO
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ACTUARIAL INVESTIGATIONS SUMMARIES
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APPENDIX A Directors: Secretary: Au
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APPENDIX A Directors: Secretary: Au
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APPENDIX A CARIBBEAN INSURANCE COMP
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APPENDIX A COLONIAL FIRE AND GENERA
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APPENDIX A CUNA CARIBBEAN INSURANCE
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APPENDIX A FURNESS ANCHORAGE GENERA
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APPENDIX A GUARDIAN GENERAL INSURAN
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APPENDIX A GULF INSURANCE LIMITED I
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APPENDIX A MARITIME LIFE (CARIBBEAN
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APPENDIX A MOTOR ONE INSURANCE COMP
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APPENDIX A THE REINSURANCE COMPANY
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APPENDIX A SAGICOR GENERAL INSURANC
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APPENDIX A SCOTIALIFE INSURANCE LIM
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APPENDIX A TATIL LIFE ASSURANCE LIM
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APPENDIX A THE GREAT NORTHERN INSUR
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APPENDIX A THE PRESIDENTIAL INSURAN
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APPENDIX A UNITED INSURANCE COMPANY
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APPENDIX B LIST OF REGISTERED AGENT
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List of Registered Agents List of A
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APPENDIX C LIST OF BROKERS REGISTER
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APPENDIX D LIST OF REGISTERED ADJUS
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Appendix e LIST OF PENSION PLANS RE
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Appendix e LIST OF PENSION PLANS RE
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Appendix e INSURED PENSION FUND PLA
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Appendix e INSURED PENSION FUND PLA
Page 154 and 155: Appendix e INSURED PENSION FUND PLA
Page 156 and 157: Appendix e ANNUITIES 1. A.S. Bryden
Page 158 and 159: Appendix e list of registered pensi
Page 160 and 161: TABLES TABLE I REVENUE ACCOUNT IN R
Page 162 and 163: - 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11
Page 164 and 165: 1. 2. 3. 4. 1. 2. 3. 4. TABLES TABL
Page 166 and 167: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 1. 1
Page 168 and 169: 1. 2. 3. 4. 5. TABLES TABLE VI REVE
Page 170 and 171: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Page 172 and 173: TABLES TABLE X COMPANIES LOCAL 1. A
Page 174 and 175: 172TABLES TABLE XIA STATEMENT OF ST
Page 176 and 177: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Page 178 and 179: TABLES TABLE XV REVENUE ACCOUNT IN
Page 180 and 181: TABLES TABLE XVI REVENUE ACCOUNT IN
Page 182 and 183: TABLES TABLE XVIII REVENUE ACCOUNT
Page 184 and 185: 1. 2. 3. 4. 1. 2. 1. 2. 3. 4. 1. 2.
Page 186 and 187: TABLES TABLE XXI UNDERWRITING RESUL
Page 188 and 189: TABLES TABLE XXIII SUMMARY AND VALU
Page 190 and 191: TABLES TABLE XXV SUMMARY AND VALUAT
Page 192 and 193: TABLES TABLE XXVII SUMMARY AND VALU
Page 194 and 195: TABLES TABLE XXIX SUMMARY AND VALUA
Page 196 and 197: TABLES TABLE XXXI SUMMARY AND VALUA
Page 198 and 199: TABLES TABLE XXXIII DEPOSIT ADMINIS
Page 200 and 201: TABLES TABLE XXXIII continued DEPOS
Page 202 and 203: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Page 206 and 207: TABLES TABLE XXXV NAME OF PLAN Fund
Page 208 and 209: TABLES TABLE XXXV continued SELF-AD
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