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Company Details
MEDICO INSURANCE COMPANY License Status :
Active
NAIC Number :
31119
Phone Number:
5156952402
Company Address:
PO Box 10386
Des Moines, IA 50306-0386
Description:
Life and Health
License Number:
A420633
Date Admitted:
2004-08-11
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% | $3,305,549 | $3,309,492 | $1,409,355 | $1,438,664 | 43.47 % |
| 2022 | Total Individual Accident & Health | 0.01% | $2,041,002 | $2,039,944 | $740,109 | $780,869 | 38.28 % |
| 2022 | Individual Medicare Supplement | 0.01% | $188,121 | $191,446 | $202,694 | $208,152 | N/A |
| 2022 | Individual Specified Disease | 0.01% | $112,490 | $112,310 | $35,000 | $43,549 | 38.78 % |
| 2022 | Individual Accident Only | 0.00% | $7,086 | $7,154 | $1,316 | $2,098 | 29.33 % |
| 2022 | Individual Disability Income | 0.00% | $977 | $1,008 | $0 | $-6,767 | -671.33 % |
| 2022 | Individual Dental | 0.15% | $390,459 | $390,795 | $152,479 | $163,057 | 41.72 % |
| 2022 | Individual Limited Benefit | 0.23% | $1,339,838 | $1,335,206 | $348,620 | $370,767 | 27.77 % |
| 2022 | Individual Short Term Credit Disability | 0.07% | $2,031 | $2,025 | $0 | $13 | 0.64 % |
| 2022 | Total Group Accident & Health | 0.00% | $1,264,547 | $1,269,548 | $669,246 | $657,795 | 51.81 % |
| 2022 | Group Medicare Supplement | 0.03% | $615,628 | $620,744 | $346,344 | $333,661 | 53.75 % |
| 2022 | Group Dental | 0.05% | $648,919 | $648,804 | $322,902 | $324,134 | 49.96 % |
| 2022 | Total Life | 0.00% | $35,700 | $0 | $28,511 | $0 | N/A |
| 2022 | Total Individual Life | 0.00% | $35,700 | $0 | $28,511 | $0 | N/A |
| 2022 | Individual Whole Life | 0.00% | $35,036 | $0 | $28,511 | $0 | N/A |
| 2022 | Individual Graded Death Benefits | 0.00% | $664 | $0 | $0 | $0 | N/A |
| 2021 | Total Accident & Health | 0.00% | $3,469,051 | $3,478,119 | $1,486,400 | $1,504,133 | 43.25 % |
| 2021 | Total Individual Accident & Health | 0.01% | $2,004,354 | $2,006,185 | $677,332 | $720,252 | 35.90 % |
| 2021 | Individual Medicare Supplement | 0.01% | $238,462 | $245,106 | $192,784 | $193,913 | 79.11 % |
| 2021 | Individual Specified Disease | 0.01% | $104,574 | $103,890 | $42,500 | $45,226 | 43.53 % |
| 2021 | Individual Accident Only | 0.00% | $9,018 | $9,109 | $516 | $-20 | -0.22 % |
| 2021 | Individual Disability Income | 0.00% | $761 | $760 | $2,850 | $8,720 | N/A |
| 2021 | Individual Dental | 0.15% | $423,773 | $422,177 | $146,458 | $141,798 | 33.59 % |
| 2021 | Individual Limited Benefit | 0.41% | $1,227,111 | $1,224,495 | $292,224 | $330,592 | 27.00 % |
| 2021 | Individual Short Term Credit Disability | 0.04% | $655 | $648 | $0 | $23 | 3.55 % |
| 2021 | Total Group Accident & Health | 0.00% | $1,464,697 | $1,471,934 | $809,068 | $783,881 | 53.26 % |
| 2021 | Group Medicare Supplement | 0.04% | $747,322 | $756,839 | $446,741 | $435,001 | 57.48 % |
| 2021 | Group Dental | 0.05% | $717,375 | $715,095 | $362,327 | $348,880 | 48.79 % |
| 2021 | Total Life | 0.00% | $28,825 | $0 | $87,381 | $0 | N/A |
| 2021 | Total Individual Life | 0.00% | $28,825 | $0 | $87,381 | $0 | N/A |
| 2021 | Individual Whole Life | 0.00% | $28,219 | $0 | $81,381 | $0 | N/A |
| 2021 | Individual Graded Death Benefits | 0.00% | $606 | $0 | $6,000 | $0 | N/A |
| 2020 | Total Accident & Health | 0.00% | $3,727,336 | $3,735,687 | $1,396,395 | $1,366,457 | 36.58 % |
| 2020 | Total Individual Accident & Health | 0.01% | $2,003,834 | $2,001,415 | $531,684 | $519,499 | 25.96 % |
| 2020 | Individual Medicare Supplement | 0.01% | $295,914 | $298,533 | $183,016 | $180,045 | 60.31 % |
| 2020 | Individual Specified Disease | 0.02% | $103,512 | $103,120 | $10,000 | $21,196 | 20.55 % |
| 2020 | Individual Accident Only | 0.00% | $12,273 | $12,361 | $2,665 | $-395 | -3.20 % |
| 2020 | Individual Disability Income | 0.00% | $765 | $763 | $0 | $-13,439 | -1,761.34 % |
| 2020 | Individual Dental | 0.20% | $469,234 | $467,080 | $169,801 | $166,877 | 35.73 % |
| 2020 | Individual Limited Benefit | 0.46% | $1,122,136 | $1,119,558 | $166,202 | $165,215 | 14.76 % |
| 2020 | Total Group Accident & Health | 0.00% | $1,723,502 | $1,734,272 | $864,711 | $846,958 | 48.84 % |
| 2020 | Group Medicare Supplement | 0.05% | $943,054 | $951,301 | $517,001 | $505,024 | 53.09 % |
| 2020 | Group Dental | 0.06% | $780,448 | $782,971 | $347,710 | $341,934 | 43.67 % |
| 2020 | Total Life | 0.00% | $30,919 | $0 | $52,615 | $0 | N/A |
| 2020 | Total Individual Life | 0.00% | $30,903 | $0 | $52,615 | $0 | N/A |
| 2020 | Individual Whole Life | 0.00% | $29,379 | $0 | $32,615 | $0 | N/A |
| 2020 | Individual Graded Death Benefits | 0.00% | $1,524 | $0 | $20,000 | $0 | N/A |
| 2020 | Total Group Life | 0.00% | $16 | $0 | $0 | $0 | N/A |
| 2020 | Group Term Life | 0.00% | $16 | $0 | $0 | $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 | Medicare Supplement Insurance | 0.12% | 0 | 0 |
| 2022 | Health | 0.04% | 0 | 0 |
| 2022 | Life and Annuities | 0.00% | 0 | 0 |
| 2021 | Health | 0.04% | 0 | 0 |
| 2021 | Life and Annuities | 0.00% | 0 | 0 |
| 2021 | Long-Term Care Insurance | 0.00% | 0 | 0 |
| 2021 | Medicare Supplement Insurance | 0.15% | 0 | 0 |
| 2020 | Long-Term Care Insurance | 0.00% | 0 | 0 |
| 2020 | Medicare Supplement Insurance | 0.19% | 0 | 0 |
| 2020 | Health | 0.04% | 0 | 0 |
| 2020 | Life and Annuities | 0.00% | 0 | 0 |
Company Changes
Effective Date: 12/01/2005
Comments: Mutual Protective Insurance Company changed its name to Medico Insurance Company and added life, annuities, and endowments authority
Effective Date: 01/01/2017
Comments: Effective 1/1/2017 this company redomesticated from Nebraska to Iowa.
Market Conduct
Date: 04/10/2015
Date: 08/03/2022
Financial Exams
This company does not have any financial exams.