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Company Details for:
COLONIAL PENN LIFE INSURANCE COMPANY
Address
399 MARKET STREETPHILADELPHIA PA, 19106
Phone
215-928-8000Market Share
Link to Supplemental Data Page
Accident & Health
| Year | Line | Market Share |
Num of Insureds |
Direct Prem Written |
Direct Prem Earned |
Div. Paid |
Direct Losses Paid |
Direct Losses Incurr |
Loss Ratio |
|---|---|---|---|---|---|---|---|---|---|
| 2012 | Total Accident & Health | 0.08% | 3,900 | $6,115,783 | $6,004,489 | $0 | $4,136,212 | $4,121,263 | 68.64% |
| 2012 | Total Individual Accident & Health | 0.26% | 3,887 | $6,112,392 | $6,000,966 | $0 | $4,136,212 | $4,120,897 | 68.67% |
| 2012 | Individual Medicare Supplement | 1.41% | 3,875 | $6,110,253 | $5,998,893 | $0 | $4,091,744 | $4,120,705 | 68.69% |
| 2012 | Individual Long Term Care | 0.00% | 1 | $819 | $757 | $0 | $22,564 | $0 | 0.00% |
| 2012 | Individual Accident Only | 0.00% | 11 | $1,196 | $1,135 | $0 | $100 | $192 | 16.92% |
| 2012 | Individual Limited Benefit | 0.00% | 0 | $124 | $181 | $0 | $21,804 | $0 | 0.00% |
| 2012 | Total Group Accident & Health | 0.00% | 13 | $3,391 | $3,523 | $0 | $0 | $366 | 10.39% |
| 2012 | Group Specified Disease | 0.01% | 3 | $1,133 | $1,094 | $0 | $0 | $127 | 11.61% |
| 2012 | Group Accident Only | 0.00% | 1 | $44 | $43 | $0 | $0 | $4 | 9.30% |
| 2012 | Group Limited Benefit | 0.00% | 9 | $2,214 | $2,386 | $0 | $0 | $235 | 9.85% |
| 2011 | Total Accident & Health | 0.05% | 2,716 | $3,616,364 | $3,408,450 | $0 | $1,758,516 | $2,189,513 | 64.24% |
| 2011 | Total Individual Accident & Health | 0.16% | 2,702 | $3,612,961 | $3,403,975 | $0 | $1,758,516 | $2,188,386 | 64.29% |
| 2011 | Individual Medicare Supplement | 0.92% | 2,685 | $3,610,277 | $3,400,863 | $0 | $1,751,996 | $2,181,732 | 64.15% |
| 2011 | Individual Long Term Care | 0.00% | 2 | $1,140 | $1,493 | $0 | $4,920 | $5,901 | 395.24% |
| 2011 | Individual Accident Only | 0.00% | 15 | $1,544 | $1,619 | $0 | $1,600 | $753 | 46.51% |
| 2011 | Total Group Accident & Health | 0.00% | 14 | $3,403 | $4,475 | $0 | $0 | $1,127 | 25.18% |
| 2011 | Group Specified Disease | 0.01% | 3 | $1,096 | $1,343 | $0 | $0 | $343 | 25.54% |
| 2011 | Group Accident Only | 0.00% | 1 | $43 | $52 | $0 | $0 | $10 | 19.23% |
| 2011 | Group Limited Benefit | 0.00% | 10 | $2,264 | $3,080 | $0 | $0 | $774 | 25.13% |
| 2010 | Total Accident & Health | 0.01% | 1,010 | $1,097,550 | $803,866 | $0 | $417,554 | $601,369 | 74.81% |
| 2010 | Total Individual Accident & Health | 0.05% | 996 | $1,093,726 | $799,127 | $0 | $417,169 | $600,294 | 75.12% |
| 2010 | Individual Medicare Supplement | 0.31% | 979 | $1,090,685 | $795,905 | $0 | $414,069 | $598,372 | 75.18% |
| 2010 | Individual Long Term Care | 0.00% | 2 | $1,447 | $1,438 | $0 | $1,800 | $0 | 0.00% |
| 2010 | Individual Accident Only | 0.00% | 15 | $1,594 | $1,784 | $0 | $1,300 | $1,922 | 107.74% |
| 2010 | Total Group Accident & Health | 0.00% | 14 | $3,824 | $4,739 | $0 | $385 | $1,075 | 22.68% |
| 2010 | Group Specified Disease | 0.01% | 3 | $1,138 | $1,412 | $0 | $0 | $335 | 23.73% |
| 2010 | Group Accident Only | 0.00% | 1 | $85 | $118 | $0 | $0 | $10 | 8.47% |
| 2010 | Group Limited Benefit | 0.00% | 10 | $2,601 | $3,209 | $0 | $385 | $730 | 22.75% |
Life
| Year | Line | Market Share |
Num of Insureds |
Direct Prem & Annuities |
Divs Paid |
Direct Claims & Benefits Pd. |
Life Ins in Force |
Benefits Ratio |
|---|---|---|---|---|---|---|---|---|
| 2012 | Total Life | 0.03% | 12,422 | $3,294,758 | $0 | $1,988,437 | $51,777 | 60.35% |
| 2012 | Total Individual Life | 0.00% | 3,086 | $310,888 | $0 | $540,390 | $5,485 | 173.82% |
| 2012 | Individual Whole Life | 0.01% | 234 | $45,496 | $0 | $47,807 | $989 | 105.08% |
| 2012 | Individual Term Life | 0.01% | 256 | $35,781 | $0 | $42,442 | $1,999 | 118.62% |
| 2012 | Individual Universal Life | 0.00% | 2 | $1,825 | $0 | $21,608 | $415 | 1184.00% |
| 2012 | Individual Graded Death Benefits | 2.37% | 2,593 | $227,786 | $0 | $304,206 | $2,082 | 133.55% |
| 2012 | Individual Ordinary Annuities | 0.00% | 1 | $0 | $0 | $124,327 | $0 | N/A |
| 2012 | Total Group Life | 0.07% | 9,336 | $2,983,870 | $0 | $1,448,047 | $46,292 | N/A |
| 2012 | Group Whole Life | 0.62% | 661 | $267,727 | $0 | $79,894 | $6,553 | N/A |
| 2012 | Group Term Life | 0.10% | 1,192 | $460,264 | $0 | $226,971 | $20,584 | N/A |
| 2012 | Group Graded Death Benefits | 33.28% | 7,462 | $2,255,879 | $0 | $1,137,216 | $19,155 | N/A |
| 2012 | Group Ordinary Annuities | 0.00% | 21 | $0 | $0 | $3,966 | $0 | N/A |
| 2011 | Total Life | 0.03% | 11,792 | $2,934,687 | $0 | $2,001,543 | $49,300 | N/A |
| 2011 | Total Individual Life | 0.00% | 3,297 | $310,353 | $0 | $597,628 | $5,447 | N/A |
| 2011 | Individual Whole Life | 0.01% | 242 | $45,874 | $0 | $55,050 | $960 | N/A |
| 2011 | Individual Term Life | 0.01% | 261 | $35,391 | $0 | $45,946 | $1,987 | N/A |
| 2011 | Individual Universal Life | 0.00% | 2 | $2,911 | $0 | $16,422 | $416 | N/A |
| 2011 | Individual Graded Death Benefits | 2.24% | 2,791 | $226,177 | $0 | $364,050 | $2,084 | N/A |
| 2011 | Individual Ordinary Annuities | 0.00% | 1 | $0 | $0 | $116,160 | $0 | N/A |
| 2011 | Total Group Life | 0.09% | 8,495 | $2,624,334 | $0 | $1,403,915 | $43,853 | N/A |
| 2011 | Group Whole Life | 0.59% | 596 | $240,260 | $0 | $73,270 | $6,039 | N/A |
| 2011 | Group Term Life | 0.09% | 1,081 | $408,028 | $0 | $216,244 | $19,470 | N/A |
| 2011 | Group Graded Death Benefits | 30.03% | 6,797 | $1,976,046 | $0 | $1,110,435 | $18,344 | N/A |
| 2011 | Group Ordinary Annuities | 0.00% | 21 | $0 | $0 | $3,966 | $0 | N/A |
| 2010 | Total Life | 0.03% | 11,488 | $2,721,739 | $0 | $2,120,206 | $47,114 | N/A |
| 2010 | Total Individual Life | 0.01% | 3,579 | $334,635 | $0 | $663,192 | $5,427 | N/A |
| 2010 | Individual Whole Life | 0.01% | 250 | $48,607 | $0 | $57,672 | $929 | N/A |
| 2010 | Individual Term Life | 0.01% | 266 | $36,766 | $0 | $45,317 | $1,967 | N/A |
| 2010 | Individual Universal Life | 0.00% | 3 | $2,775 | $0 | $21,797 | $436 | N/A |
| 2010 | Individual Graded Death Benefits | 2.56% | 3,059 | $246,487 | $0 | $368,796 | $2,095 | N/A |
| 2010 | Individual Ordinary Annuities | 0.00% | 1 | $0 | $0 | $169,610 | $0 | N/A |
| 2010 | Total Group Life | 0.09% | 7,909 | $2,387,104 | $0 | $1,457,014 | $41,687 | N/A |
| 2010 | Group Whole Life | 0.29% | 539 | $212,986 | $0 | $63,978 | $5,585 | N/A |
| 2010 | Group Term Life | 0.09% | 991 | $362,676 | $0 | $231,806 | $18,565 | N/A |
| 2010 | Group Graded Death Benefits | 28.12% | 6,358 | $1,811,442 | $0 | $1,156,274 | $17,537 | N/A |
| 2010 | Group Ordinary Annuities | 0.00% | 21 | $0 | $0 | $4,956 | $0 | N/A |
Enforcements
The department action has not taken enforcement action against this company in the past three years.
Link to Enforcements Page
Link to Enforcements Page
Complaint Index
Link to Complaint Index Page
| Year | Line | Market Share |
Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2011 | Long-term care insurance | 0.00% | 0 | 0 |
| 2011 | Health | 0.02% | 2 | 282 |
| 2011 | Medicare Supplement Insurance | 0.28% | 1 | 195 |
| 2011 | Life and annuities | 0.03% | 6 | 1584 |
| 2010 | Medicare Supplement Insurance | 0.10% | 1 | 496 |
| 2010 | Life and annuities | 0.03% | 9 | 2248 |
| 2010 | Long-term care insurance | 0.00% | 0 | 0 |
| 2010 | Health | 0.01% | 2 | 760 |
Company Changes
- Effective Date: 10/01/2002
- Comments: Conseco Direct Life Insurance Co. changed its name to Colonial Penn Life Insurance Co.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.