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Company Details for:
ABILITY INSURANCE COMPANY
Address
ONE CITY CENTER 4TH FLPORTLAND ME, 04101
Phone
978-261-3070Market 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 | 0.04% | 1,672 | $3,140,313 | $3,186,867 | $0 | $4,148,938 | $5,044,723 | 158.30% |
| 2012 | Total Individual Accident & Health | 0.13% | 1,672 | $3,140,313 | $3,186,867 | $0 | $4,148,938 | $5,044,723 | 158.30% |
| 2012 | Individual Medicare Supplement | 0.00% | 2 | $8,768 | $8,780 | $0 | $5,382 | $5,149 | 58.64% |
| 2012 | Individual Long Term Care | 1.53% | 1,670 | $3,131,545 | $3,178,058 | $0 | $4,143,556 | $5,039,632 | 158.58% |
| 2012 | Individual Specified Disease | 0.00% | 0 | $0 | $21 | $0 | $0 | $-54 | -257.14% |
| 2012 | Individual Limited Benefit | 0.00% | 0 | $0 | $8 | $0 | $0 | $-4 | -50.00% |
| 2011 | Total Accident & Health | 0.04% | 1,751 | $3,333,041 | $3,249,250 | $0 | $3,982,863 | $5,552,938 | 170.90% |
| 2011 | Total Individual Accident & Health | 0.15% | 1,751 | $3,333,041 | $3,249,250 | $0 | $3,982,863 | $5,552,938 | 170.90% |
| 2011 | Individual Medicare Supplement | 0.01% | 2 | $23,509 | $28,995 | $0 | $14,759 | $12,531 | 43.22% |
| 2011 | Individual Long Term Care | 1.59% | 1,747 | $3,308,116 | $3,218,306 | $0 | $3,968,104 | $5,540,693 | 172.16% |
| 2011 | Individual Specified Disease | 0.00% | 2 | $453 | $655 | $0 | $0 | $-106 | -16.18% |
| 2011 | Individual Accident Only | 0.00% | 0 | $0 | $11 | $0 | $0 | $-18 | -163.64% |
| 2011 | Individual Limited Benefit | 0.00% | 0 | $963 | $1,283 | $0 | $0 | $-162 | -12.63% |
| 2010 | Total Accident & Health | 0.03% | 1,765 | $2,126,657 | $1,742,495 | $0 | $2,326,990 | $8,415,126 | 482.94% |
| 2010 | Total Individual Accident & Health | 0.09% | 1,765 | $2,126,657 | $1,742,495 | $0 | $2,326,990 | $8,415,126 | 482.94% |
| 2010 | Individual Medicare Supplement | 0.03% | 9 | $98,804 | $141,825 | $0 | $106,205 | $83,659 | 58.99% |
| 2010 | Individual Long Term Care | 0.99% | 1,738 | $2,021,810 | $1,593,338 | $0 | $2,220,785 | $8,332,877 | 522.98% |
| 2010 | Individual Specified Disease | 0.00% | 7 | $1,388 | $1,783 | $0 | $0 | $-293 | -16.43% |
| 2010 | Individual Accident Only | 0.00% | 1 | $73 | $70 | $0 | $0 | $18 | 25.71% |
| 2010 | Individual Disability Income | 0.00% | 0 | $712 | $746 | $0 | $0 | $-107 | -14.34% |
| 2010 | Individual Limited Benefit | 0.01% | 10 | $3,870 | $4,733 | $0 | $0 | $-1,028 | -21.72% |
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 | 0.00% | 4 | $2,028 | $1,767 | $10,596 | $19 | 609.62% |
| 2012 | Total Individual Life | 0.00% | 4 | $2,028 | $1,767 | $10,596 | $19 | 609.62% |
| 2012 | Individual Whole Life | 0.00% | 3 | $2,028 | $1,767 | $10,596 | $15 | 609.62% |
| 2012 | Individual Graded Death Benefits | 0.00% | 1 | $0 | $0 | $0 | $4 | N/A |
| 2011 | Total Life | 0.00% | 55 | $3,525 | $2,380 | $1,505 | $203 | N/A |
| 2011 | Total Individual Life | 0.00% | 55 | $3,525 | $2,380 | $1,505 | $203 | N/A |
| 2011 | Individual Whole Life | 0.00% | 30 | $3,525 | $2,380 | $1,505 | $176 | N/A |
| 2011 | Individual Graded Death Benefits | 0.00% | 25 | $0 | $0 | $0 | $27 | N/A |
| 2010 | Total Life | 0.00% | 80 | $18,084 | $2,141 | $41,540 | $297 | N/A |
| 2010 | Total Individual Life | 0.00% | 80 | $18,084 | $2,141 | $41,540 | $297 | N/A |
| 2010 | Individual Whole Life | 0.00% | 46 | $18,084 | $2,141 | $41,540 | $261 | N/A |
| 2010 | Individual Graded Death Benefits | 0.00% | 34 | $0 | $0 | $0 | $36 | 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 | Health | 0.03% | 3 | 323 |
| 2011 | Medicare Supplement Insurance | 0.02% | 0 | 0 |
| 2011 | Life and annuities | 0.00% | 0 | 0 |
| 2011 | Long-term care insurance | 0.86% | 3 | 178 |
| 2010 | Long-term care insurance | 0.54% | 3 | 251 |
| 2010 | Health | 0.02% | 3 | 434 |
| 2010 | Medicare Supplement Insurance | 0.03% | 0 | 0 |
| 2010 | Life and annuities | 0.00% | 0 | 0 |
Company Changes
- Effective Date: 08/27/2009
- Comments: Medico Life Insurance Company changed its name to Ability Insurance Company.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.