Company search
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 |
|---|---|---|---|---|---|---|---|
| 2022 | Total Accident & Health | 0.01% | $5,593,545 | $5,762,751 | $5,243,686 | $5,209,929 | 90.41 % |
| 2022 | Total Individual Accident & Health | 0.03% | $5,593,545 | $5,762,751 | $5,243,686 | $5,209,929 | 90.41 % |
| 2022 | Individual Medicare Supplement | 0.21% | $5,575,129 | $5,744,047 | $5,143,686 | $5,104,502 | 88.87 % |
| 2022 | Individual Accident Only | 0.01% | $18,416 | $18,704 | $100,000 | $105,427 | N/A |
| 2022 | Total Life | 0.01% | $3,050,754 | $0 | $1,750,732 | $0 | N/A |
| 2022 | Total Individual Life | 0.01% | $3,050,754 | $0 | $1,750,732 | $0 | N/A |
| 2022 | Individual Whole Life | 0.13% | $1,951,011 | $0 | $515,732 | $0 | N/A |
| 2022 | Individual Term Life | 0.07% | $1,099,743 | $0 | $1,235,000 | $0 | N/A |
| 2021 | Total Accident & Health | 0.01% | $6,468,566 | $6,596,011 | $5,265,794 | $5,412,284 | 82.05 % |
| 2021 | Total Individual Accident & Health | 0.03% | $6,468,566 | $6,596,011 | $5,265,794 | $5,412,284 | 82.05 % |
| 2021 | Individual Medicare Supplement | 0.21% | $6,456,150 | $6,582,806 | $5,265,794 | $5,401,207 | 82.05 % |
| 2021 | Individual Accident Only | 0.00% | $12,416 | $13,205 | $0 | $11,077 | 83.88 % |
| 2021 | Total Life | 0.01% | $2,806,001 | $0 | $720,684 | $0 | N/A |
| 2021 | Total Individual Life | 0.01% | $2,806,001 | $0 | $720,684 | $0 | N/A |
| 2021 | Individual Whole Life | 0.11% | $1,778,017 | $0 | $445,684 | $0 | N/A |
| 2021 | Individual Term Life | 0.08% | $1,027,984 | $0 | $275,000 | $0 | N/A |
| 2020 | Total Accident & Health | 0.01% | $4,808,609 | $4,874,552 | $3,384,133 | $3,894,758 | 79.90 % |
| 2020 | Total Individual Accident & Health | 0.02% | $4,808,609 | $4,874,552 | $3,384,133 | $3,894,758 | 79.90 % |
| 2020 | Individual Medicare Supplement | 0.16% | $4,804,731 | $4,870,687 | $3,384,133 | $3,894,758 | 79.96 % |
| 2020 | Individual Accident Only | 0.00% | $3,878 | $3,865 | $0 | $0 | 0.00 % |
| 2020 | Total Life | 0.00% | $2,103,383 | $0 | $651,436 | $0 | N/A |
| 2020 | Total Individual Life | 0.01% | $2,103,383 | $0 | $651,436 | $0 | N/A |
| 2020 | Individual Whole Life | 0.09% | $1,335,266 | $0 | $146,436 | $0 | N/A |
| 2020 | Individual Term Life | 0.06% | $768,117 | $0 | $505,000 | $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 |
|---|---|---|---|---|
| 2022 | Health | 0.06% | 2 | 136 |
| 2022 | Life and Annuities | 0.03% | 5 | 2665 |
| 2022 | Medicare Supplement Insurance | 0.67% | 2 | 384 |
| 2021 | Life and Annuities | 0.02% | 5 | 2967 |
| 2021 | Medicare Supplement Insurance | 0.51% | 2 | 472 |
| 2021 | Health | 0.04% | 2 | 163 |
| 2020 | Health | 0.02% | 1 | 144 |
| 2020 | Life and Annuities | 0.01% | 3 | 2549 |
| 2020 | Medicare Supplement Insurance | 0.25% | 1 | 374 |
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