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Company Details
SAGICOR LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
60445
Phone Number:
4804255100
Company Address:
8660 E Hartford Drive Suite 200
Scottsdale, AZ 85255
Description:
Life and Health
License Number:
A420651
Date Admitted:
1978-03-15
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 |
|---|---|---|---|---|---|---|---|
| 2023 | Total Life | 0.16% | $21,325,203 | $0 | $173,863 | $0 | N/A |
| 2023 | Total Individual Life | 0.21% | $21,325,203 | $0 | $173,863 | $0 | N/A |
| 2023 | Individual Whole Life | 0.00% | $29,841 | $0 | $33,814 | $0 | N/A |
| 2023 | Individual Term Life | 0.04% | $265,336 | $0 | $158 | $0 | N/A |
| 2023 | Individual Universal Life | 0.05% | $271,707 | $0 | $83,425 | $0 | N/A |
| 2023 | Individual Ordinary Annuities | 0.77% | $20,634,077 | $0 | $0 | $0 | N/A |
| 2023 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $56,466 | $0 | N/A |
| 2023 | Individual Deposit-Type Funds | 0.01% | $124,242 | $0 | $0 | $0 | N/A |
| 2022 | Total Life | 0.19% | $27,504,952 | $0 | $14,810,473 | $0 | N/A |
| 2022 | Total Individual Life | 0.28% | $27,504,952 | $0 | $14,759,056 | $0 | N/A |
| 2022 | Individual Whole Life | 0.11% | $969,782 | $0 | $731,182 | $0 | N/A |
| 2022 | Individual Term Life | 0.01% | $54,793 | $0 | $0 | $0 | N/A |
| 2022 | Individual Universal Life | 0.02% | $153,775 | $0 | $0 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 1.11% | $26,145,664 | $0 | $14,027,874 | $0 | N/A |
| 2022 | Individual Deposit-Type Funds | 0.02% | $180,938 | $0 | $0 | $0 | N/A |
| 2022 | Total Group Life | 0.00% | $0 | $0 | $51,417 | $0 | N/A |
| 2022 | Group Term Life | 0.00% | $0 | $0 | $403 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 0.00% | $0 | $0 | $51,014 | $0 | N/A |
| 2021 | Total Life | 0.22% | $27,572,720 | $0 | $10,536,270 | $0 | N/A |
| 2021 | Total Individual Life | 0.35% | $27,572,720 | $0 | $10,532,802 | $0 | N/A |
| 2021 | Individual Whole Life | 0.04% | $380,481 | $0 | $877,740 | $0 | N/A |
| 2021 | Individual Term Life | 0.00% | $11,728 | $0 | $0 | $0 | N/A |
| 2021 | Individual Universal Life | 0.01% | $54,430 | $0 | $0 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 1.66% | $25,776,197 | $0 | $9,655,062 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 1.47% | $1,349,884 | $0 | $0 | $0 | N/A |
| 2021 | Total Group Life | 0.00% | $0 | $0 | $3,468 | $0 | N/A |
| 2021 | Group Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 0.00% | $0 | $0 | $3,468 | $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 |
|---|---|---|---|---|
| 2023 | Life and Annuities | 0.25% | 0 | 0 |
| 2022 | Life and Annuities | 0.22% | 0 | 0 |
| 2021 | Life and Annuities | 0.18% | 0 | 0 |
Company Changes
Effective Date: 04/01/2006
Comments: American Founders Life Insurance Company changed its name Sagicor Life Insurance Company.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.