TABLESTABLE I continued1COMPANIESLOCALAmerican Life <strong>and</strong> General InsuranceCompany (T&T) Ltd.REVENUE ACCOUNT IN RESPECT OF LONG-TERM INSURANCE - <strong>2006</strong>EXPENDITURECLAIMS Surrender(includingSurrender<strong>of</strong> Bonuses)DEATH MATURITIES OTHERTotalPolicyPayments COMMISSIONS Salaries <strong>and</strong>other Expenses <strong>of</strong>ManagementInterest thereonAnnuities OTHER EXPENSES TOTALOther Funds at theend <strong>of</strong> theYear$ $ $ $ $ $ $ $ $$ $11,700,4432,714,99312,163,29028,463,6284,070,53359,112,88717,516,35845,581,77416,101,055954,680,419Transfersto Pr<strong>of</strong>it<strong>and</strong> Loss(10,191,369)$1,082,801,1232 Bancassurance Caribbean Limited3,763,931495,5172,597,568 3,218,996125,239 10,201,251(40,392) 2,908,762184,679 87,199,5781,474,829 101,928,7083British-American Insurance Company(<strong>Trinidad</strong>) Ltd.2,223,213498,926348,8467,041,50245,857,33255,969,81914,148,44618,064,765534,560,6147,636,093630,379,7374Caribbean Atlantic Life InsuranceCompany (T&T) Ltd.61,00083,115288,98459,817492,91626170,9316,570,637429,1137,663,6235Caribbean Insurance Company Ltd.6Colonial Life Insurance Company(<strong>Trinidad</strong>) Ltd.79,708,48473,403,1976,151,0651,804,029,768376,953,3272,340,245,841120,230,692180,031,696(24,575,987)9,827,755,416(46,935,887)12,396,751,7717 Cuna Caribbean Insurance Society Ltd.37,739,94997,569426,00338,263,521 3,306,415 11,488,228227,0068,092,447 10,238,974 71,616,5918Demerara Life Assurance Company <strong>of</strong>T&T Ltd.N O A C C O U N T S U B M I T T E D9 Guardian General Insurance Limited1,4121,412(13,850)(19,510)232,818187,412388,28110 Guardian Life <strong>of</strong> the Caribbean Ltd.21,316,1371,638,7161,604,097 295,142,305 87,724,982 407,426,236 82,394,925 227,151,029486,352 2,765,346,249 (60,182,351) 3,422,622,44011 Maritime Life (Caribbean) Limited5,580,130 13,799,740 12,684,031 13,252,104 11,119,956 56,435,961 14,100,403 57,035,704 1,346,091 818,858,5541,787,731 949,564,44412 Mega Insurance Company Limited2,923,8743,091,116164,162 10,206,45516,385,607 1,832,781 13,607,899759,347 139,857,992 (9,558,425) 162,885,20113 Nationwide Insurance Company Ltd.634,220208,98364,163 1,502,975 2,702,286 5,112,62713,282 1,213,17642,959,1723,623,386 52,921,64314 Scotialife <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> Ltd.265,71919,912 5,820,0466,105,677166,939 7,063,285133,031,880 (2,027,676) 144,340,10515 Tatil Life Assurance Ltd.3,837,1629,942,6797,014,002 19,448,022 3,852,646 44,094,511 6,799,827 12,792,564 2,010,262 492,135,871 79,404,185 637,237,22016 The Beacon Insurance Company Ltd.(28,500)(28,500)5,91741,21920,71564,84691,301195,49817The Reinsurance Co. <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong><strong>Tobago</strong> Ltd.27,26027,26013,96661,600531,09666,671700,5931819The Western General Insurance Co. Ltd.United Security Life Insurance Co. Ltd.439,31624,054R E G I S T R A T I O N B E I N G C A N C E L L E D40424,20854,574 542,55653,53115,504,42916,100,516TOTAL170,222,250 105,901,037 42,880,608 2,188,864,996 532,520,691 3,040,389,582 260,475,736 577,246,653 (3,440,481) 15,827,382,017 (23,956,012) 19,678,097,494CARIBBEAN1.2.Life <strong>of</strong> Barbados Ltd.Sagicor Life Inc.TOTAL12,555,23012,555,23013,906,87013,906,8702,258,8822,258,88264,485,60064,485,60061,116,62561,116,625154,323,207154,323,20725,867,98625,867,98639,900,93239,900,9321,810,294,6861,810,294,68671,172,01471,172,0142,101,558,8252,101,558,825OTHER1.2.Cuna Mutual Insurance SocietySun Life Assurance Company <strong>of</strong> CanadaTOTAL46,30146,30164,06564,065110,366110,36672,37172,371465,317465,317(60,219)(60,219)587,835587,835GRAND TOTAL182,823,781 119,807,907 45,203,555 2,253,350,596 593,637,316 3,194,823,155 286,343,722 617,219,956 (3,440,481) 17,638,142,020 47,155,783 21,780,244,154--------------------------------------------------------168REPORT ON INSURANCE AND PENSIONS
TABLESTABLE IIREVENUE ACCOUNT IN RESPECT OF ORDINARY LIFE, PENSION AND ANNUITY INSURANCE - <strong>2006</strong>INCOMECOMPANIES FUNDS AT THEBEGINNINGOF THE YEARPREMIUMS CONSIDERATION FORANNUITIESTOTALPREMIUMSCOMMISSIONRECEIVEDNET Interest Other TransfersfromReservesTOTALOther OtherSINGLE SINGLELOCAL $ $ $ $ $ $ $ $ $$ $1.American Life <strong>and</strong> General Insurance Company(T&T) Ltd684,353,955(75,705)72,259,13723,842,06696,025,49830,154,2498,638,342819,172,0442. Bancassurance Caribbean Limited73,491,110118,112 3,365,73395,989128,107 3,707,94014,885,251 (6,037,026)86,047,2753. British-American Insurance Company (<strong>Trinidad</strong>) Ltd. 354,046,37419,087,908219,526,013 238,613,92151,775,955 (18,735,651)625,700,5994. Caribbean Atlantic Life Insurance Co. (T&T) Ltd.6,877,792207,99113,712221,703971,413 (407,285)7,663,6235. Colonial Life Insurance Company (<strong>Trinidad</strong>) Ltd. 832,884,044108,270,947108,270,9476,707,161947,862,1526. Cuna Caribbean Insurance Society Ltd.7,999,538661,453661,4531,715,583123,85110,500,4257.Demerara Life Assurance Company <strong>of</strong> T&T Ltd.N O A C C O U N T S U B M I T T E D8. Guardian Life <strong>of</strong> the Caribbean Ltd.621,220,932(37,864) 101,148,538 42,844,12166,326 144,021,12140,217,335 64,576,830870,036,2199. Maritime Life (Caribbean) Ltd.744,198,65667,318 54,361,665 1,823,436 15,248,198 71,500,61749,056,235 26,085,901890,841,40910. Mega Insurance Company Ltd.123,903,00017,780,6598,738,260 26,518,919 108,2345,520,670 6,834,378162,885,20111. Nationwide Insurance Company Ltd.46,282,4941,838,8301,049,186 2,888,0164,065,274 (314,141)52,921,64312. Scotialife <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> Ltd.86,402,443 14,949,905 27,153,865302,704 2,631,495 45,037,9695,908,934 2,817,356140,166,70213. Tatil Life Assurance Ltd.325,910,8374,152,22455,722,919 59,875,143 755,810 35,457,884 22,031,991444,031,66514. The Reinsurance Co. <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> Ltd.574,507105,392105,39220,694700,59315The Western General Insurance Company Ltd.R E G I S T R A T I O N B E I N G C A N C E L L E D16 United Security Life Insurance Company Ltd.16,114,996207,441207,441517,411 (739,332)16,100,516TOTAL3,924,260,678 15,021,766 410,601,782 45,066,250 326,966,283 797,656,080 864,044 246,974,050 104,875,2145,074,630,0661.2.CARIBBEANLife <strong>of</strong> Barbados Ltd.Sagicor Life Inc.1,285,128,065 116,502,18791,703,880208,206,067 4,047,877 88,816,039 35,623,5701,621,821,618TOTAL1,285,128,065 116,502,18791,703,880208,206,067 4,047,877 88,816,039 35,623,5701,621,821,618OTHER1.2.3.Lincoln Assurance Ltd.Cuna Mutual Insurance SocietySun Life Assurance Company <strong>of</strong> CanadaTOTAL456,986456,98621,88621,88621,88621,88659,39959,39935,05935,059573,330573,330GRAND TOTAL5,209,845,729 131,523,953 410,623,668 136,770,130 326,966,283 1,005,884,033 4,911,921 335,849,488 140,533,8436,697,025,014---------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 169