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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 |
---|---|---|---|---|---|---|---|
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 | 0.29% | $528,109 | $525,903 | $248,300 | $248,747 | 47.30 % |
2019 | Individual Limited Benefit | 0.53% | $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 | 0.08% | $868,303 | $868,704 | $443,741 | $451,019 | 51.92 % |
2019 | Total Life | 0.00% | $51,738 | $0 | $126,418 | $0 | N/A |
2019 | Total Individual Life | 0.00% | $51,738 | $0 | $126,418 | $0 | N/A |
2019 | Individual Whole Life | 0.00% | $46,626 | $0 | $120,327 | $0 | N/A |
2019 | Individual Graded Death Benefits | 0.02% | $5,112 | $0 | $6,091 | $0 | N/A |
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 | 0.02% | $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 | 0.37% | $642,829 | $648,097 | $274,492 | $256,363 | 39.56 % |
2018 | Individual Limited Benefit | 0.76% | $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 | 0.10% | $935,876 | $923,254 | $463,796 | $455,065 | 49.29 % |
2018 | Total Life | 0.00% | $77,448 | $0 | $108,893 | $0 | N/A |
2018 | Total Individual Life | 0.00% | $77,448 | $0 | $108,893 | $0 | N/A |
2018 | Individual Whole Life | 0.01% | $72,336 | $0 | $106,008 | $0 | N/A |
2018 | Individual Graded Death Benefits | 0.02% | $5,112 | $0 | $2,885 | $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 |
---|---|---|---|---|
2019 | Health | 0.05% | 0 | 0 |
2019 | Life and Annuities | 0.00% | 0 | 0 |
2019 | Long-Term Care Insurance | 0.00% | 0 | 0 |
2019 | Medicare Supplement Insurance | 0.22% | 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
Financial Exams
This company does not have any financial exams.