2006 - Central Bank of Trinidad and Tobago

TABLESTABLE V continuedREVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE - 2006EXPENDITURECOMPANIES CLAIMS Surrender(includingSurrenderofBonuses)LOCALDEATHMATURITIES OTHERAnnuities TotalPolicyPaymentsOTHER EXPENSES Other TransfersCommissionsExpenses ofManagementFunds atthe endof theYeartoProfitand Loss$ $ $ $ $ $ $ $ $ $$ $TOTAL1.American Life and General Insurance Company(T&T) Ltd.3,000,3883,000,3881,031,0363,226,888111,99448,198646,0558,064,5592. Bancassurance Caribbean Ltd.2,376,5912,376,5911,336,003 43,025 14,921,231 (2,795,416) 15,881,4333. Colonial Life Insurance Company (Trinidad) Ltd. 11,729,00911,729,009 871,862 10,021,606 322,210 18,481,431 (15,278,093) 26,148,0254. Cuna Caribbean Insurance Society Ltd.21,674,44321,674,443 445,106 5,241,023 123,0545,054,054 32,537,6795. Guardian General Insurance Limited1,4121,412 (13,850) (19,510)232,818 187,412 388,2816. Guardian Life of the Caribbean Ltd.3,424,9413,424,941 296,131 2,892,4185,964,699 822,313 13,400,5017. Maritime Life (Caribbean) Ltd.80,00080,000 37,475 64,494928,771 1,110,7408. Scotialife Trinidad and Tobago Ltd.23,23723,237 166,939 534,7922,185,925 1,262,510 4,173,4039. Tatil Life Assurance Ltd.294,542294,542 81,473 255,851 401,650 467,324 12,731,454 14,232,29410. The Beacon Insurance Company Ltd.(28,500)(28,500) 5,917 40,433 17,291 50,200 75,886 161,227TOTAL42,524,56251,50042,576,062 2,922,089 23,593,997 1,019,224 42,351,826 3,634,945 116,098,142CARIBBEAN1. Sagicor Life Inc.2,476,1982,476,198 3,059,555 2,533,6922,358,040 8,828,247 19,255,732TOTAL2,476,1982,476,198 3,059,555 2,533,6922,358,040 8,828,247 19,255,732OTHER1. Sun Life Assurance Company of Canada29,5001,43630,936(16,431) 14,505TOTAL29,50030,93614,505GRAND TOTAL45,030,26051,50045,083,196 5,981,644 26,127,689 1,019,224 44,709,866 12,463,192 135,368,379-------------------------------------------------------------------------------174REPORT ON INSURANCE AND PENSIONS