2006 - Central Bank of Trinidad and Tobago
2006 - Central Bank of Trinidad and Tobago
2006 - Central Bank of Trinidad and Tobago
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TABLESTABLE XXVIGUARDIAN LIFE OF THE CARIBBEAN LIMITEDSUMMARY AND VALUATION OF POLICIES IN RESPECT OF LONG TERM BUSINESS AS AT DECEMBER 31, <strong>2006</strong>POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONSNumber<strong>of</strong>PoliciesSumsInsuredReversionaryBonusOfficeYearlyPremiumsNetYearlyPremiumsNetLiabilityINSURANCE POLICIES$ $ $ $Group 1 - With full participation in pr<strong>of</strong>itsLess ReassuranceTOTAL NET FULL PARTICIPATION1,732-1,732135,725,8906,360,303129,365,58768,778,188-68,778,1882,920,101182,6362,737,4651,601,112-1,601,11273,450,29491,31873,358,976With Quarter Participation in Pr<strong>of</strong>itsLess ReassuranceTOTAL NET QUARTER PARTICIPATION439-43930,066,3291,108,35528,957,9743,839,138-3,839,138378,94436,398342,546296,177296,17710,576,45118,19910,558,252Bonus Provision3,822,312TOTAL NET GROUP 12,171158,323,56172,617,3263,080,0111,897,28987,739,540Group 3 - Without participation in pr<strong>of</strong>itsLess Reassurance77,29024,376,752,6816,540,942,951153,821323,450,58421,481,9519,134,075693,142,49111,629,667TOTAL NET GROUP 377,29017,835,809,730153,821301,968,6339,134,075681,512,824Group 5 - AnnuitiesLess Reassurance43,31765,391,100463,587207,379,844148,8391,988,984,143TOTAL NET GROUP 543,31765,391,100463,587207,379,844148,8391,988,984,143Group 6 - Other Long Term Insurance BusinessLess Reassurance2214,497,620,7691,937,998,91214,495,8513,546,2707,219,6391,196,488TOTAL NET GROUP 62212,559,621,85710,949,5816,023,151GRAND TOTAL122,99920,619,146,24873,234,734523,378,06911,180,2032,764,259,658VALUATION BALANCE SHEET OF GUARDIAN LIFE OF THE CARIBBEAN LIMITED IN REPECT OF BUSINESS DONE INTRINIDAD AND TOBAGO ONLY AS AT DECEMBER 31, <strong>2006</strong>$’000$’000Actuarial ReservesParticipating PoliciesNon Participating Policies87,7402,676,5202,764,260Value <strong>of</strong> Assets3,915,286Investment & Contingency ReserveParticipating PoliciesNon Participating Policies48,956279,878328,834Current Liabilities(325,894)Unappropriated SurplusParticipating PoliciesNon Participating Policies231,212190,181421,393Share CapitalShareholder’s accountRevaluation Reserve53,3493,04418,512TOTAL3,589,392TOTAL3,589,392----------------------REPORT ON INSURANCE AND PENSIONS 197
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