Company Details

  MEDICO INSURANCE COMPANY License Status :
Active

NAIC Number :

31119


Phone Number:

515-245-2329


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
2020 Total Accident & Health 0.01% $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 0.24% $469,234 $467,080 $169,801 $166,877 35.73 %
2020 Individual Limited Benefit 0.50% $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 0.07% $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 0.01% $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
2019 Total Accident & Health 0.01% $3,910,326 $3,926,156 $2,004,597 $1,975,601 50.32 %
2019 Total Individual Accident & Health 0.01% $1,888,780 $1,896,169 $821,226 $814,463 42.95 %
2019 Individual Medicare Supplement 0.01% $316,789 $326,641 $261,116 $256,404 78.50 %
2019 Individual Long Term Care 0.00% $367 $371 $22,700 $22,774 N/A
2019 Individual Specified Disease 0.02% $87,266 $86,640 $0 $-2,363 -2.73 %
2019 Individual Accident Only 0.01% $26,887 $27,430 $1,260 $2,413 8.80 %
2019 Individual Disability Income 0.00% $766 $758 $4,050 $16,599 N/A
2019 Individual Dental 0.28% $528,109 $525,903 $248,300 $248,747 47.30 %
2019 Individual Limited Benefit 0.49% $928,596 $928,426 $283,800 $269,889 29.07 %
2019 Total Group Accident & Health 0.00% $2,021,546 $2,029,987 $1,183,371 $1,161,138 57.20 %
2019 Group Medicare Supplement 0.08% $1,153,243 $1,161,283 $739,630 $710,119 61.15 %
2019 Group Dental 0.07% $868,303 $868,704 $443,741 $451,019 51.92 %
2018 Total Accident & Health 0.01% $4,509,487 $4,541,243 $2,653,516 $2,644,005 58.22 %
2018 Total Individual Accident & Health 0.01% $2,201,596 $2,215,826 $1,203,639 $1,212,493 54.72 %
2018 Individual Medicare Supplement 0.01% $371,793 $376,505 $328,420 $331,368 88.01 %
2018 Individual Long Term Care 0.00% $3,760 $3,776 $52,546 $52,349 N/A
2018 Individual Specified Disease 0.02% $88,274 $88,381 $10,259 $14,893 16.85 %
2018 Individual Accident Only 0.01% $37,035 $36,605 $9,480 $12,445 34.00 %
2018 Individual Disability Income 0.00% $-3,593 $-3,427 $4,446 $3,780 -110.30 %
2018 Individual Dental 0.35% $642,829 $648,097 $274,492 $256,363 39.56 %
2018 Individual Limited Benefit 0.72% $1,061,498 $1,065,889 $523,996 $541,295 50.78 %
2018 Total Group Accident & Health 0.01% $2,307,891 $2,325,417 $1,449,877 $1,431,512 61.56 %
2018 Group Medicare Supplement 0.09% $1,372,015 $1,402,163 $986,081 $976,447 69.64 %
2018 Group Dental 0.09% $935,876 $923,254 $463,796 $455,065 49.29 %

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2020 Health 0.04% 0 0
2020 Life and Annuities 0.00% 0 0
2020 Long-Term Care Insurance 0.00% 0 0
2020 Medicare Supplement Insurance 0.19% 0 0
2019 Medicare Supplement Insurance 0.22% 0 0
2019 Health 0.05% 0 0
2019 Life and Annuities 0.00% 0 0
2019 Long-Term Care Insurance 0.00% 0 0
2018 Health 0.06% 0 0
2018 Life and Annuities 0.00% 0 0
2018 Long-Term Care Insurance 0.00% 0 0
2018 Medicare Supplement Insurance 0.28% 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

MedicoInsuranceMC.pdf


Financial Exams

This company does not have any financial exams.