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Company Details
MEDICO INSURANCE COMPANY License Status :
Active
NAIC Number :
31119
Phone Number:
402-391-6900
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 Earned | Direct Premium Written | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2018 | Total Accident & Health | 0.00% | $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 | 0.01% | $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 | 0.20% | $642,829 | $648,097 | $274,492 | $256,363 | 39.56 % |
| 2018 | Individual Limited Benefit | 0.42% | $1,061,498 | $1,065,889 | $523,996 | $541,295 | 50.78 % |
| 2018 | Total Group Accident & Health | 0.00% | $2,307,891 | $2,325,417 | $1,449,877 | $1,431,512 | 61.56 % |
| 2018 | Group Medicare Supplement | 0.06% | $1,372,015 | $1,402,163 | $986,081 | $976,447 | 69.64 % |
| 2018 | Group Dental | 0.05% | $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 | 0.00% | $72,336 | $0 | $106,008 | $0 | N/A |
| 2018 | Individual Graded Death Benefits | 0.01% | $5,112 | $0 | $2,885 | $0 | N/A |
| 2017 | Total Accident & Health | 0.01% | $4,963,238 | $4,992,368 | $2,557,411 | $2,548,024 | 51.04 % |
| 2017 | Total Individual Accident & Health | 0.01% | $2,198,422 | $2,211,807 | $821,269 | $829,148 | 37.49 % |
| 2017 | Individual Medicare Supplement | 0.02% | $407,430 | $424,023 | $355,182 | $380,038 | 89.63 % |
| 2017 | Individual Long Term Care | 0.00% | $5,189 | $5,185 | $8,851 | $14,070 | N/A |
| 2017 | Individual Specified Disease | 0.02% | $71,727 | $71,747 | $20,132 | $23,027 | 32.09 % |
| 2017 | Individual Accident Only | 0.00% | $2,294 | $1,526 | $0 | $0 | 0.00 % |
| 2017 | Individual Disability Income | 0.00% | $-13 | $41 | $1,400 | $0 | 0.00 % |
| 2017 | Individual Dental | 0.46% | $719,854 | $722,616 | $306,922 | $319,458 | 44.21 % |
| 2017 | Individual Limited Benefit | 0.91% | $991,941 | $986,669 | $128,782 | $92,555 | 9.38 % |
| 2017 | Total Group Accident & Health | 0.01% | $2,764,816 | $2,780,561 | $1,736,142 | $1,718,876 | 61.82 % |
| 2017 | Group Medicare Supplement | 0.15% | $1,821,818 | $1,839,764 | $1,235,840 | $1,211,405 | 65.85 % |
| 2017 | Group Dental | 0.12% | $942,998 | $940,797 | $500,302 | $507,471 | 53.94 % |
| 2017 | Total Life | 0.00% | $55,949 | $0 | $50,151 | $0 | N/A |
| 2017 | Total Individual Life | 0.00% | $55,888 | $0 | $50,151 | $0 | N/A |
| 2017 | Individual Whole Life | 0.00% | $48,934 | $0 | $48,034 | $0 | N/A |
| 2017 | Individual Graded Death Benefits | 0.03% | $6,954 | $0 | $2,117 | $0 | N/A |
| 2017 | Total Group Life | 0.00% | $61 | $0 | $0 | $0 | N/A |
| 2017 | Group Term Life | 0.00% | $61 | $0 | $0 | $0 | N/A |
| 2016 | Total Accident & Health | 0.01% | $5,344,577 | $5,359,149 | $2,801,994 | $2,854,740 | 53.27 % |
| 2016 | Total Individual Accident & Health | 0.01% | $2,056,981 | $2,053,180 | $777,517 | $805,713 | 39.24 % |
| 2016 | Individual Medicare Supplement | 0.02% | $437,566 | $449,901 | $312,003 | $297,329 | 66.09 % |
| 2016 | Individual Long Term Care | 0.00% | $5,212 | $5,150 | $0 | $6,262 | N/A |
| 2016 | Individual Specified Disease | 0.01% | $43,711 | $42,654 | $2,042 | $10,705 | 25.10 % |
| 2016 | Individual Accident Only | 0.00% | $250 | $249 | $0 | $0 | 0.00 % |
| 2016 | Individual Disability Income | 0.00% | $965 | $1,108 | $358 | $0 | 0.00 % |
| 2016 | Individual Dental | 0.50% | $784,340 | $780,011 | $403,938 | $393,459 | 50.44 % |
| 2016 | Individual Limited Benefit | 0.76% | $784,937 | $774,107 | $59,176 | $97,958 | 12.65 % |
| 2016 | Total Group Accident & Health | 0.01% | $3,287,596 | $3,305,969 | $2,024,477 | $2,049,027 | 61.98 % |
| 2016 | Group Medicare Supplement | 0.20% | $2,312,368 | $2,334,190 | $1,822,743 | $1,621,520 | 69.47 % |
| 2016 | Group Dental | 0.13% | $975,228 | $971,779 | $201,734 | $427,507 | 43.99 % |
| 2016 | Total Life | 0.00% | $64,409 | $0 | $105,282 | $0 | N/A |
| 2016 | Total Individual Life | 0.00% | $64,409 | $0 | $105,282 | $0 | N/A |
| 2016 | Individual Whole Life | 0.00% | $54,422 | $0 | $99,457 | $0 | N/A |
| 2016 | Individual Graded Death Benefits | 0.05% | $9,987 | $0 | $5,825 | $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 |
|---|---|---|---|---|
| 2018 | Long-Term Care Insurance | 0.00% | 0 | 0 |
| 2018 | Medicare Supplement Insurance | 0.28% | 0 | 0 |
| 2018 | Health | 0.05% | 0 | 0 |
| 2018 | Life and Annuities | 0.00% | 0 | 0 |
| 2017 | Health | 0.06% | 0 | 0 |
| 2017 | Life and Annuities | 0.00% | 0 | 0 |
| 2017 | Long-Term Care Insurance | 0.00% | 0 | 0 |
| 2017 | Medicare Supplement Insurance | 0.36% | 0 | 0 |
| 2016 | Long-Term Care Insurance | 0.00% | 0 | 0 |
| 2016 | Medicare Supplement Insurance | 0.45% | 1 | 140 |
| 2016 | Health | 0.07% | 3 | 89 |
| 2016 | 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: 04/10/2015
Comments:
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.