Investments

The National Insurance Board of Trinidad and Tobago (NIBTT) is continuously working to achieve the highest available returns within our investment policy for the benefit of our customers. Income earned from our investments together with contribution income are used to provide coverage for our insured population.

Strong Financial Performance

The NIBTT has obtained outstanding results from the management of the investment portfolio during the reporting period. The portfolio generated a yield of 15.85% based on realised net investment income of $2.050 billion. Total Funds and Reserves grew to $16.9 billion or by 18.9% over the previous year. Total assets grew to $17 billion or by 15.6%.

Portfolio Mix

During the 2008 financial year the NIBTT increased the overseas investment portfolio by investing some gains made from the RBTT share sale. The investment strategy also included increased local and energy-based investments. These investments were made in accordance with the Board's Investment Policy and its main underlying principles of Safety, Yield, Liquidity and Social/Economic Utility.

Government Securities represented the largest share (25%) of the investment portfolio, followed by Equities and Corporate Bonds each at 16.8%. Fixed deposits and Money Market instruments made up the next largest share (14.4%).