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ABILITY INSURANCE COMPANY

Company Details for:

ABILITY INSURANCE COMPANY

Address

ONE CITY CENTER 4TH FL
PORTLAND ME, 04101

Phone

978-261-3070
Market Share
Link to Supplemental Data Page
Accident & Health
YearLine Market
Share
Num of
Insureds
Direct
Prem
Written
Direct
Prem
Earned
Div.
Paid
Direct
Losses
Paid
Direct
Losses
Incurr
Loss
Ratio
2013 Total Accident & Health 0.03% 1,570 $2,818,518 $2,882,944 $0 $4,141,853 $4,056,928140.72%
2013 Total Individual Accident & Health 0.12% 1,570 $2,818,518 $2,882,944 $0 $4,141,853 $4,056,928140.72%
2013 Individual Medicare Supplement 0.00% 2 $12,791 $7,122 $0 $2,468 $2,18830.72%
2013 Individual Long Term Care 1.35% 1,568 $2,805,727 $2,875,738 $0 $4,139,385 $4,054,009140.97%
2013 Individual Specified Disease 0.00% 0 $0 $84 $0 $0 $731870.24%
2012 Total Accident & Health 0.04% 1,672 $3,140,313 $3,186,867 $0 $4,148,938 $5,044,723158.30%
2012 Total Individual Accident & Health 0.13% 1,672 $3,140,313 $3,186,867 $0 $4,148,938 $5,044,723158.30%
2012 Individual Medicare Supplement 0.00% 2 $8,768 $8,780 $0 $5,382 $5,14958.64%
2012 Individual Long Term Care 1.53% 1,670 $3,131,545 $3,178,058 $0 $4,143,556 $5,039,632158.58%
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 $5,552,938170.90%
2011 Total Individual Accident & Health 0.15% 1,751 $3,333,041 $3,249,250 $0 $3,982,863 $5,552,938170.90%
2011 Individual Medicare Supplement 0.01% 2 $23,509 $28,995 $0 $14,759 $12,53143.22%
2011 Individual Long Term Care 1.59% 1,747 $3,308,116 $3,218,306 $0 $3,968,104 $5,540,693172.16%
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%
Life
YearLine Market
Share
Num of
Insureds
Direct
Prem &
Annuities
Divs
Paid
Direct
Claims &
Benefits Pd.
Life
Ins
in Force
Benefits
Ratio
2013 Total Life 0.00% 4 $187 $0 $0 $190.00%
2013 Total Individual Life 0.00% 4 $187 $0 $0 $190.00%
2013 Individual Whole Life 0.00% 3 $187 $0 $0 $150.00%
2013 Individual Graded Death Benefits 0.00% 1 $0 $0 $0 $4N/A
2012 Total Life 0.00% 4 $2,028 $1,767 $10,596 $19N/A
2012 Total Individual Life 0.00% 4 $2,028 $1,767 $10,596 $19N/A
2012 Individual Whole Life 0.00% 3 $2,028 $1,767 $10,596 $15N/A
2012 Individual Graded Death Benefits 0.00% 1 $0 $0 $0 $4N/A
2011 Total Life 0.00% 55 $3,525 $2,380 $1,505 $203N/A
2011 Total Individual Life 0.00% 55 $3,525 $2,380 $1,505 $203N/A
2011 Individual Whole Life 0.00% 30 $3,525 $2,380 $1,505 $176N/A
2011 Individual Graded Death Benefits 0.00% 25 $0 $0 $0 $27N/A
Enforcements
The department has not taken enforcement action against this company in the past three years.
Link to Enforcements Page
Complaint Index
Link to Complaint Index Page
YearLineMarket
Share
Number of
Complaints
Complaint
Index
2013 Health 0.05% 0 0
2013 Medicare Supplement Insurance 0.00% 0 0
2013 Life and annuities 0.00% 0 0
2013 Long-term care insurance 1.28% 0 0
2012 Long-term care insurance 1.18% 0 0
2012 Health 0.04% 0 0
2012 Medicare Supplement Insurance 0.01% 0 0
2012 Life and annuities 0.00% 0 0
2011 Life and annuities 0.00% 0 0
2011 Long-term care insurance 0.86% 3 178
2011 Health 0.03% 3 323
2011 Medicare Supplement Insurance 0.02% 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.