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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APPENDIX A<br />
SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES<br />
AMERICAN LIFE AND GENERAL INSURANCE COMPANY<br />
(TRINIDAD AND TOBAGO) LIMITED<br />
INCORPORATED - 1977<br />
Directors: G. MC CLENNEN ; G. P. DEANE; C. TALAVERA; I. SINANAN; D. PATRICK; M. BUTHE; M. HANSEN;<br />
R ELIA;<br />
Secretary: Y. EMANUEL<br />
Auditors: PricewaterhouseCoopers<br />
Actuary: K R SERVICES LIMITED<br />
Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes business: NIL.<br />
Summary <strong>of</strong> Balance Sheet in respect <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> Tobago<br />
Business as at 31st December, <strong>2007</strong><br />
assets<br />
$<br />
$<br />
Investments:<br />
Fixed Deposits with <strong>Bank</strong><br />
<strong>Trinidad</strong> <strong>and</strong> Tobago Government Securities<br />
Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />
Other Caricom Government Securities<br />
Ordinary shares in T&T Companies<br />
Ordinary shares in n<strong>on</strong>-T&T Companies<br />
Preference shares in T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />
Investment in dependent companies (n<strong>on</strong>-insurance)<br />
Other Investments<br />
Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />
Mortgage Loans<br />
Policy Loans<br />
Other Loans<br />
Outst<strong>and</strong>ing Premiums:<br />
Amounts due from Policyholders<br />
Interest, dividends <strong>and</strong> rents accruing but not due<br />
Sundry Debtors<br />
Fixed Assets<br />
TOTAL ASSETS<br />
<strong>Insurance</strong> Funds:<br />
L<strong>on</strong>g-Term<br />
Unearned Premiums Reserve<br />
Unexpired Risk reserve<br />
L<strong>on</strong>g-Term<br />
Claims admitted or intimated but not paid<br />
Amount due to Reinsurers<br />
<strong>Bank</strong> Loans <strong>and</strong> Overdrafts<br />
Deposits re policies<br />
Unpaid Policyholders dividends<br />
Other Liabilities<br />
172,043,476<br />
651,523,799<br />
338,575,499<br />
3,807,862<br />
1,591,919<br />
8,483,556<br />
415,800<br />
21,213,379<br />
5,915,125<br />
17,553 1,203,587,968<br />
LIABILITIES $<br />
$<br />
1,094,221,540<br />
1,040,850,449<br />
46,579,309<br />
4,969,913<br />
1,821,869<br />
53,983,525<br />
20,013,327<br />
2,554,478<br />
4,704,144<br />
18,593,202<br />
59,974,336<br />
34,307,502<br />
2,066,024<br />
89,484,667<br />
2,266,150<br />
35,452,407<br />
19,307,090<br />
56,997,966<br />
109,258,987<br />
1,552,728,761<br />
NET LIABILITIES<br />
Paid-up Share Capital<br />
N<strong>on</strong>-Admissible Assets Adjustment<br />
Unrealised Revaluati<strong>on</strong> Reserves<br />
Retained Account<br />
Other<br />
TOTAL LIABILITIES<br />
1,254,044,552<br />
12,000,000<br />
(13,868,568)<br />
6,065,194<br />
239,909,285<br />
54,578,298<br />
1,552,728,761<br />
REPORT ON INSURANCE AND PENSIONS 79
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