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Company Details
COLONIAL PENN LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
62065
Phone Number:
3178176485
Company Address:
399 MARKET STREET
PHILADELPHIA, PA 19181
Description:
Life and Health
License Number:
A420668
Date Admitted:
1968-08-30
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 | 0.02% | $10,065,022 | $10,231,042 | $7,259,531 | $7,123,783 | 69.63 % |
| 2022 | Total Individual Accident & Health | 0.05% | $10,064,055 | $10,230,007 | $7,259,531 | $7,123,932 | 69.64 % |
| 2022 | Individual Medicare Supplement | 0.38% | $10,064,055 | $10,230,007 | $7,259,531 | $7,123,932 | 69.64 % |
| 2022 | Total Group Accident & Health | 0.00% | $967 | $1,035 | $0 | $-149 | -14.40 % |
| 2022 | Group Specified Disease | 0.00% | $563 | $631 | $0 | $-151 | -23.93 % |
| 2022 | Group Limited Benefit | 0.00% | $404 | $404 | $0 | $2 | 0.50 % |
| 2022 | Total Life | 0.02% | $6,168,210 | $0 | $3,590,446 | $0 | N/A |
| 2022 | Total Individual Life | 0.01% | $2,633,640 | $0 | $1,282,138 | $0 | N/A |
| 2022 | Individual Whole Life | 0.01% | $214,310 | $0 | $176,280 | $0 | N/A |
| 2022 | Individual Term Life | 0.00% | $20,707 | $0 | $30,258 | $0 | N/A |
| 2022 | Individual Universal Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2022 | Individual Graded Death Benefits | 6.60% | $2,398,623 | $0 | $1,039,600 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $36,000 | $0 | N/A |
| 2022 | Total Group Life | 0.02% | $3,534,570 | $0 | $2,308,308 | $0 | N/A |
| 2022 | Group Whole Life | 0.49% | $452,384 | $0 | $240,809 | $0 | N/A |
| 2022 | Group Term Life | 0.03% | $481,722 | $0 | $300,875 | $0 | N/A |
| 2022 | Group Graded Death Benefits | 10.81% | $2,600,464 | $0 | $1,765,268 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 0.00% | $0 | $0 | $1,356 | $0 | N/A |
| 2021 | Total Accident & Health | 0.02% | $11,893,542 | $11,999,638 | $7,893,267 | $7,912,292 | 65.94 % |
| 2021 | Total Individual Accident & Health | 0.05% | $11,892,107 | $11,998,200 | $7,893,267 | $7,912,848 | 65.95 % |
| 2021 | Individual Medicare Supplement | 0.38% | $11,892,107 | $11,998,200 | $7,893,267 | $7,912,848 | 65.95 % |
| 2021 | Total Group Accident & Health | 0.00% | $1,435 | $1,438 | $0 | $-556 | -38.66 % |
| 2021 | Group Specified Disease | 0.00% | $911 | $908 | $0 | $-222 | -24.45 % |
| 2021 | Group Limited Benefit | 0.00% | $524 | $530 | $0 | $-334 | -63.02 % |
| 2021 | Total Life | 0.02% | $5,850,362 | $0 | $3,765,710 | $0 | N/A |
| 2021 | Total Individual Life | 0.01% | $2,226,145 | $0 | $978,216 | $0 | N/A |
| 2021 | Individual Whole Life | 0.01% | $181,290 | $0 | $190,817 | $0 | N/A |
| 2021 | Individual Term Life | 0.00% | $21,737 | $0 | $40,000 | $0 | N/A |
| 2021 | Individual Universal Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Individual Graded Death Benefits | 5.98% | $2,023,118 | $0 | $711,399 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $36,000 | $0 | N/A |
| 2021 | Total Group Life | 0.03% | $3,624,217 | $0 | $2,787,494 | $0 | N/A |
| 2021 | Group Whole Life | 0.50% | $494,454 | $0 | $244,203 | $0 | N/A |
| 2021 | Group Term Life | 0.03% | $518,079 | $0 | $520,280 | $0 | N/A |
| 2021 | Group Graded Death Benefits | 9.89% | $2,611,684 | $0 | $2,021,655 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 0.00% | $0 | $0 | $1,356 | $0 | N/A |
| 2020 | Total Accident & Health | 0.02% | $12,493,657 | $12,516,280 | $8,128,122 | $8,000,799 | 63.92 % |
| 2020 | Total Individual Accident & Health | 0.05% | $12,492,035 | $12,514,658 | $8,097,622 | $7,971,697 | 63.70 % |
| 2020 | Individual Comprehensive Medical Expense | 0.16% | $12,492,035 | $12,514,658 | $8,097,622 | $7,971,697 | 63.70 % |
| 2020 | Total Group Accident & Health | 0.00% | $1,622 | $1,622 | $30,500 | $29,102 | N/A |
| 2020 | Group Specified Disease | 0.00% | $911 | $911 | $0 | $327 | 35.89 % |
| 2020 | Group Limited Benefit | 0.00% | $711 | $711 | $30,500 | $28,775 | N/A |
| 2020 | Total Life | 0.01% | $5,449,052 | $0 | $3,336,565 | $0 | N/A |
| 2020 | Total Individual Life | 0.01% | $1,810,899 | $0 | $791,685 | $0 | N/A |
| 2020 | Individual Whole Life | 0.01% | $174,866 | $0 | $80,480 | $0 | N/A |
| 2020 | Individual Term Life | 0.00% | $15,795 | $0 | $0 | $0 | N/A |
| 2020 | Individual Universal Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Individual Graded Death Benefits | 5.03% | $1,620,238 | $0 | $606,705 | $0 | N/A |
| 2020 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $104,500 | $0 | N/A |
| 2020 | Total Group Life | 0.02% | $3,638,153 | $0 | $2,544,880 | $0 | N/A |
| 2020 | Group Whole Life | 0.33% | $524,621 | $0 | $216,993 | $0 | N/A |
| 2020 | Group Term Life | 0.04% | $565,826 | $0 | $513,224 | $0 | N/A |
| 2020 | Group Graded Death Benefits | 8.94% | $2,547,706 | $0 | $1,812,985 | $0 | N/A |
| 2020 | Group Ordinary Annuities | 0.00% | $0 | $0 | $1,678 | $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 |
|---|---|---|---|---|
| 2022 | Medicare Supplement Insurance | 0.88% | 5 | 736 |
| 2022 | Health | 0.12% | 5 | 166 |
| 2022 | Life and Annuities | 0.06% | 8 | 1943 |
| 2021 | Health | 0.13% | 5 | 137 |
| 2021 | Life and Annuities | 0.06% | 4 | 903 |
| 2021 | Medicare Supplement Insurance | 1.00% | 5 | 600 |
| 2020 | Health | 0.13% | 6 | 139 |
| 2020 | Life and Annuities | 0.06% | 2 | 435 |
| 2020 | Medicare Supplement Insurance | 1.02% | 6 | 546 |
Company Changes
Effective Date: 10/01/2002
Comments: Conseco Direct Life Insurance Co. changed its name to Colonial Penn Life Insurance Co.
Market Conduct
Date: 11/29/2021
Financial Exams
This company does not have any financial exams.