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Company Details
LUMICO LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
73504
Phone Number:
8777947773
Company Address:
175 KING ST.
ARMONK, NY 10504
Description:
Life and Health
License Number:
A423205
Date Admitted:
1984-06-19
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Accident & Health | 0.03% | $4,054,588 | $4,060,670 | $3,947,775 | $3,935,932 | 96.93 % |
| 2023 | Total Individual Accident & Health | 0.08% | $4,054,588 | $4,060,670 | $3,947,775 | $3,935,932 | 96.93 % |
| 2023 | Individual Medicare Supplement | 0.76% | $4,033,903 | $4,039,954 | $3,947,775 | $3,935,932 | 97.43 % |
| 2023 | Individual Accident Only | 0.03% | $20,685 | $20,716 | $0 | $0 | 0.00 % |
| 2023 | Total Life | 0.02% | $2,997,110 | $0 | $977,116 | $0 | N/A |
| 2023 | Total Individual Life | 0.03% | $2,997,110 | $0 | $977,116 | $0 | N/A |
| 2023 | Individual Whole Life | 0.02% | $215,233 | $0 | $91,631 | $0 | N/A |
| 2023 | Individual Term Life | 0.18% | $1,055,920 | $0 | $455,000 | $0 | N/A |
| 2023 | Individual Other Consideration | 1.92% | $1,725,957 | $0 | $430,485 | $0 | N/A |
| 2022 | Total Accident & Health | 0.05% | $5,593,545 | $5,762,751 | $5,243,686 | $5,209,929 | 90.41 % |
| 2022 | Total Individual Accident & Health | 0.12% | $5,593,545 | $5,762,751 | $5,243,686 | $5,209,929 | 90.41 % |
| 2022 | Individual Medicare Supplement | 1.11% | $5,575,129 | $5,744,047 | $5,143,686 | $5,104,502 | 88.87 % |
| 2022 | Individual Accident Only | 0.03% | $18,416 | $18,704 | $100,000 | $105,427 | N/A |
| 2022 | Total Life | 0.02% | $3,050,754 | $0 | $1,750,732 | $0 | N/A |
| 2022 | Total Individual Life | 0.03% | $3,050,754 | $0 | $1,750,732 | $0 | N/A |
| 2022 | Individual Whole Life | 0.23% | $1,951,011 | $0 | $515,732 | $0 | N/A |
| 2022 | Individual Term Life | 0.18% | $1,099,743 | $0 | $1,235,000 | $0 | N/A |
| 2021 | Total Accident & Health | 0.05% | $6,468,566 | $6,596,011 | $5,265,794 | $5,412,284 | 82.05 % |
| 2021 | Total Individual Accident & Health | 0.14% | $6,468,566 | $6,596,011 | $5,265,794 | $5,412,284 | 82.05 % |
| 2021 | Individual Medicare Supplement | 1.11% | $6,456,150 | $6,582,806 | $5,265,794 | $5,401,207 | 82.05 % |
| 2021 | Individual Accident Only | 0.02% | $12,416 | $13,205 | $0 | $11,077 | 83.88 % |
| 2021 | Total Life | 0.02% | $2,806,001 | $0 | $720,684 | $0 | N/A |
| 2021 | Total Individual Life | 0.04% | $2,806,001 | $0 | $720,684 | $0 | N/A |
| 2021 | Individual Whole Life | 0.20% | $1,778,017 | $0 | $445,684 | $0 | N/A |
| 2021 | Individual Term Life | 0.17% | $1,027,984 | $0 | $275,000 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Health | 0.06% | 1 | 82 |
| 2023 | Life and Annuities | 0.03% | 5 | 2482 |
| 2023 | Medicare Supplement Insurance | 0.67% | 1 | 197 |
| 2022 | Health | 0.07% | 2 | 136 |
| 2022 | Life and Annuities | 0.03% | 5 | 2665 |
| 2022 | Medicare Supplement Insurance | 0.70% | 2 | 384 |
| 2021 | Health | 0.05% | 2 | 163 |
| 2021 | Life and Annuities | 0.02% | 5 | 2967 |
| 2021 | Medicare Supplement Insurance | 0.53% | 2 | 472 |
Company Changes
Effective Date: 08/02/2012
Comments: Effective 8/2/2012 Congress Life Insurance Company changed its name to Generation Life Insurance Company.
Effective Date: 03/23/2017
Comments: Effective 3/23/17 Generation Life Insurance Company changed its name to the above.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
Date: 06/11/2018
Date: 06/30/2023