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:

2024-07-01


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 0.00% $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 0.22% $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 0.04% $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 0.40% $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 0.03% $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

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
2022 Health 0.04% 0 0
2022 Life and Annuities 0.00% 0 0
2022 Medicare Supplement Insurance 0.13% 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 0.16% 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

Date: 08/03/2022

MIC822.pdf


Financial Exams

This company does not have any financial exams.