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

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APPENDIX A<br />

Directors:<br />

Secretary:<br />

Auditors:<br />

Actuary:<br />

BRITISH-AMERICAN INSURANCE COMPANY (TRINIDAD) LIMITED<br />

INCORPORATED - 1977<br />

L. DUPREY; B. BRANKER; R FULLERTON; R RAMNARINE; V RAMLOGAN; M. WILKINSON<br />

G. PATRICK<br />

PricewaterhouseCoopers<br />

RICHARD LEISER-BANKS<br />

Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes Business: Not Available<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 />

Investments:<br />

Fixed Deposits with <strong>Bank</strong><br />

Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />

Other Caricom Government Securities<br />

Foreign Government Securities<br />

Ordinary shares in T&T Companies<br />

B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />

Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />

Mortgage Loans<br />

Policy 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 />

Other Assets<br />

TOTAL ASSETS<br />

57,011,009<br />

10,835,292<br />

26,580,942<br />

176,588,572<br />

993,591<br />

272,009,406<br />

17,846,727<br />

72,477,437<br />

38,533,364<br />

3,771,377<br />

13,004,807<br />

33,914,175<br />

151,083,813<br />

119,049,904<br />

721,691,010<br />

liabilities $ $<br />

<strong>Insurance</strong> Funds:<br />

L<strong>on</strong>g-Term<br />

Unexpired Risk reserve<br />

Claims admitted or intimated but not paid<br />

Premiums paid in advance<br />

Premiums paid in advance<br />

Other Liabilities<br />

766,067,741<br />

764,406,302<br />

1,661,439<br />

6,973,863<br />

169,594<br />

574,626<br />

11,188,353<br />

NET LIABILITIES<br />

Paid-up Share Capital<br />

N<strong>on</strong>- Admissible Assets Adjustment<br />

Retained Account<br />

Other<br />

784,974,177<br />

17,869,554<br />

(127,418,955)<br />

28,411,244<br />

17,854,990<br />

TOTAL LIABILITIES<br />

721,691,010<br />

82<br />

REPORT ON INSURANCE AND PENSIONS

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