2006 - Central Bank of Trinidad and Tobago

TABLESTABLE XXIISUMMARY AND VALUATION OF POLICIES OF AMERICAN LIFE & GENERAL INSURANCE COMPANY (TRINIDAD AND TOBAGO)LIMITED IN RESPECT OF LONG-TERM INSURANCE AS AT DECEMBER 31, 2006POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONS NumberofPoliciesSumsAssuredand BonusesOfficeYearlyPremiumsNetYearlyPremiumsNetLiabilityNSURANCE POLICIES $ $ $ $Group 1- Total Assurances with Profits12,234681,558,93815,453,9657,101,191129,734,158Group 2- Total Assurances without Profits14,2762,870,460,42929,574,74720,564,647173,914,670TOTAL ASSURANCES26,5103,552,019,36745,028,71227,665,838303,648,828Group 3- Suplementary Benefits7,235,1074,982,9385,403,278Group 4- Group Assurance (Unearned Premium)2642,468,198,51011,519,8179,215,85448,198Group 5- Individual Annuities - DeferredIn PaymentTOTAL IND. ANNUITIES10,853-10,853papapa81,062,77781,062,777Group 6- Tax Qual. Ind. Annuities - DeferredIn PaymentTOTAL TAX QUAL. IND. ANNUITIES12,73787913,616-3,598,3103,598,310papapa158,907,69241,051,097199,958,789Group 7- Group Annuities - DeferredIn PaymentTOTAL GROUP ANNUITIES4646-2,530,2812,530,281papapa184,945,94235,000,976219,946,918AIDS RESERVEPERSONAL ACCIDENT BENEFITS27,000,0002,551,523GRAND TOTAL - NET51,2896,026,346,468 pa63,783,63641,864,630839,620,311VALUATION BALANCE SHEET OF THE LONG-TERM INSURANCE OFAMERICAN LIFE & GENERAL INSURANCE COMPANY (T&T) LIMITEDAS AT DECEMBER 31, 2006Net Liabilities under Policies on Registerin Trinidad and Tobago$839,620,311Balance of Long Term Fundper Revenue Account$954,680,419OtherSurplus (if any)115,060,108Deficiency (if any)TOTAL954,680,419TOTAL954,680,419------------------------------------REPORT ON INSURANCE AND PENSIONS 193