Company Details
Company Name:
THE SAVINGS BANK MUTUAL LIFE INSURANCE COMPANY OF MASSACHUSETTSLicense Status:
ActiveNAIC Number:
70435Company Address:
One Linscott Road Woburn, MA 01801
Phone Number:
7819383500Mailing Address:
One Linscott Road Woburn, MA 01801
Description:
Life and Health (Ch 376 & 377, RSMo)License Number:
A424654Date Admitted:
2008-06-27Market Share
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Dividends Paid | Direct Losses Paid | Direct Losses Incurred | In Force | Loss Ratio |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | Total Life & Annuities | 0.03% | $4,616,005 | $0 | $27,137 | $1,668,519 | $0 | $2,197,987 | 0% |
| 2025 | Total Individual Life | 0.1% | $4,093,005 | $0 | $27,137 | $1,668,519 | $0 | $2,196,335 | 0% |
| 2025 | Individual Whole Life | 0.08% | $757,901 | $0 | $20,279 | $255,722 | $0 | $16,545 | 0% |
| 2025 | Individual Term Life | 0.54% | $3,326,083 | $0 | $6,858 | $1,412,797 | $0 | $2,175,440 | 0% |
| 2025 | Individual Universal Life | 0% | $9,021 | $0 | $0 | $0 | $0 | $4,350 | 0% |
| 2025 | Total Individual Annuities | 0.01% | $523,000 | $0 | $0 | $0 | $0 | $1,652 | 0% |
| 2025 | Individual Fixed Annuities | 0.02% | $523,000 | $0 | $0 | $0 | $0 | $1,652 | 0% |
| 2025 | Total Individual Life & Annuities | 0.03% | $4,616,005 | $0 | $27,137 | $1,668,519 | $0 | $2,197,987 | 0% |
| 2024 | Total Life & Annuities | 0.03% | $4,179,792 | $0 | $24,888 | $3,285,264 | $0 | $2,280,565,117 | 0% |
| 2024 | Total Individual Life | 0.09% | $4,026,352 | $0 | $24,888 | $3,285,264 | $0 | $2,279,386,823 | 0% |
| 2024 | Individual Whole Life | 0.06% | $550,172 | $0 | $22,698 | $89,732 | $0 | $15,829,268 | 0% |
| 2024 | Individual Term Life | 0.58% | $3,467,159 | $0 | $2,190 | $3,195,532 | $0 | $2,259,207,555 | 0% |
| 2024 | Individual Universal Life | 0% | $9,021 | $0 | $0 | $0 | $0 | $4,350,000 | 0% |
| 2024 | Total Individual Annuities | 0% | $153,440 | $0 | $0 | $0 | $0 | $1,178,294 | 0% |
| 2024 | Individual Fixed Annuities | 0.01% | $153,440 | $0 | $0 | $0 | $0 | $1,178,294 | 0% |
| 2024 | Total Individual Life & Annuities | 0.03% | $4,179,792 | $0 | $24,888 | $3,285,264 | $0 | $2,280,565,117 | 0% |
| 2023 | Total Life | 0.03% | $4,114,140 | $0 | $25,770 | $4,533,220 | $0 | $2,330,568 | 0% |
| 2023 | Total Individual Life | 0.04% | $4,114,140 | $0 | $25,770 | $4,533,220 | $0 | $2,330,568 | 0% |
| 2023 | Individual Whole Life | 0.03% | $265,595 | $0 | $18,617 | $57,116 | $0 | $11,648 | 0% |
| 2023 | Individual Term Life | 0.59% | $3,467,354 | $0 | $7,153 | $4,453,880 | $0 | $2,314,570 | 0% |
| 2023 | Individual Universal Life | 0% | $9,021 | $0 | $0 | $0 | $0 | $4,350 | 0% |
| 2023 | Individual Ordinary Annuities | 0.01% | $372,170 | $0 | $0 | $22,224 | $0 | $0 | 0% |
| 2022 | Total Accident & Health | 0% | $6,395 | $13,727 | $0 | $0 | $0 | $0 | 0% |
| 2022 | Total Individual Accident & Health | 0% | $6,395 | $13,727 | $0 | $0 | $0 | $0 | 0% |
| 2022 | Individual Accident Only | 0.01% | $6,395 | $13,727 | $0 | $0 | $0 | $0 | 0% |
| 2022 | Total Life | 0.02% | $3,399,134 | $0 | $22,921 | $1,722,268 | $0 | $2,313,272 | 0% |
| 2022 | Total Individual Life | 0.03% | $3,399,134 | $0 | $22,921 | $1,722,268 | $0 | $2,313,272 | 0% |
| 2022 | Individual Whole Life | 0.01% | $108,723 | $0 | $16,976 | $70,548 | $0 | $9,613 | 0% |
| 2022 | Individual Term Life | 0.52% | $3,227,875 | $0 | $5,945 | $1,651,720 | $0 | $2,299,309 | 0% |
| 2022 | Individual Universal Life | 0% | $9,021 | $0 | $0 | $0 | $0 | $4,350 | 0% |
| 2022 | Individual Ordinary Annuities | 0% | $53,515 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Total Accident & Health | 0% | $15 | $59 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Total Group Accident & Health | 0% | $15 | $59 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Group Accident Only | 0% | $15 | $59 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Total Life | 0.03% | $3,644,352 | $0 | $21,431 | $2,473,782 | $0 | $34,714,597 | 0% |
| 2021 | Total Individual Life | 0.05% | $3,644,352 | $0 | $21,431 | $2,473,782 | $0 | $34,714,597 | 0% |
| 2021 | Individual Whole Life | 0.07% | $582,252 | $0 | $14,646 | $111,358 | $0 | $8,943,053 | 0% |
| 2021 | Individual Term Life | 0.48% | $2,924,826 | $0 | $6,785 | $2,361,373 | $0 | $21,671,544 | 0% |
| 2021 | Individual Universal Life | 0% | $2,274 | $0 | $0 | $0 | $0 | $4,100,000 | 0% |
| 2021 | Individual Ordinary Annuities | 0.01% | $135,000 | $0 | $0 | $1,051 | $0 | $0 | 0% |
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2024 | Life and Annuities | 0.03% | 0 | 0 |
| 2023 | Health | 0% | 0 | 0 |
| 2023 | Life and Annuities | 0.03% | 0 | 0 |
| 2022 | Health | 0% | 0 | 0 |
| 2022 | Life and Annuities | 0.03% | 0 | 0 |
| 2021 | Health | 0% | 0 | 0 |
| 2021 | Life and Annuities | 0.04% | 0 | 0 |
Company Changes
Date:
2017-08-31Comments:
Effective 8/3/2017 The Savings Bank Life Insurance Company of Massachussets changed its name to the above. Date:
2019-07-26Comments:
eFECTIVE 7/26/2019 this company added A2 accident and health authorityMarket Regulation Actions
This company does not have any market regulation actions.
Financial Exams
This company does not have any financial exams.