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Company Details
SILAC INSURANCE COMPANY License Status :
Active
NAIC Number :
62952
Phone Number:
3172082200
Company Address:
10201 N. Illinois St., Ste. 280
Carmel, IN 46290
Description:
Life and Health
License Number:
A423269
Date Admitted:
1973-12-31
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 Accident & Health | 0.04% | $5,195,277 | $5,438,998 | $7,564,760 | $7,543,250 | N/A |
| 2023 | Total Individual Accident & Health | 0.10% | $5,195,277 | $5,438,998 | $7,564,760 | $7,543,250 | N/A |
| 2023 | Individual Medicare Supplement | 0.17% | $903,373 | $970,968 | $794,698 | $794,417 | 81.82 % |
| 2023 | Individual Long Term Care | 1.93% | $3,799,546 | $3,959,763 | $6,583,441 | $6,578,354 | N/A |
| 2023 | Individual Specified Disease | 0.04% | $39,635 | $43,028 | $12,788 | $12,935 | 30.06 % |
| 2023 | Individual Limited Benefit | 0.40% | $452,723 | $465,239 | $173,833 | $157,544 | 33.86 % |
| 2023 | Total Life | 0.23% | $31,291,629 | $0 | $12,203,459 | $0 | N/A |
| 2023 | Total Individual Life | 0.31% | $31,291,629 | $0 | $12,203,459 | $0 | N/A |
| 2023 | Individual Whole Life | 0.05% | $410,480 | $0 | $522,169 | $0 | N/A |
| 2023 | Individual Ordinary Annuities | 0.01% | $339,810 | $0 | $2,315,400 | $0 | N/A |
| 2023 | Individual Equity Indexed Annuities | 0.91% | $20,288,097 | $0 | $9,365,890 | $0 | N/A |
| 2023 | Individual Deposit-Type Funds | 0.78% | $10,253,242 | $0 | $0 | $0 | N/A |
| 2022 | Total Accident & Health | 0.05% | $6,068,397 | $6,223,327 | $7,828,399 | $7,934,891 | N/A |
| 2022 | Total Individual Accident & Health | 0.13% | $6,068,397 | $6,223,327 | $7,828,399 | $7,934,891 | N/A |
| 2022 | Individual Medicare Supplement | 0.22% | $1,089,895 | $1,126,148 | $804,893 | $772,416 | 68.59 % |
| 2022 | Individual Long Term Care | 2.21% | $4,405,265 | $4,515,589 | $6,692,833 | $6,828,640 | N/A |
| 2022 | Individual Specified Disease | 0.04% | $48,562 | $49,514 | $10,814 | $11,115 | 22.45 % |
| 2022 | Individual Limited Benefit | 0.52% | $524,675 | $532,076 | $319,859 | $322,720 | 60.65 % |
| 2022 | Total Life | 0.26% | $36,822,136 | $0 | $6,786,051 | $0 | N/A |
| 2022 | Total Individual Life | 0.37% | $36,822,136 | $0 | $6,786,051 | $0 | N/A |
| 2022 | Individual Whole Life | 0.05% | $468,894 | $0 | $3,268,252 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 1.47% | $34,651,312 | $0 | $3,517,799 | $0 | N/A |
| 2022 | Individual Deposit-Type Funds | 0.17% | $1,701,930 | $0 | $0 | $0 | N/A |
| 2021 | Total Accident & Health | 0.06% | $6,895,221 | $7,119,455 | $8,215,223 | $8,085,077 | N/A |
| 2021 | Total Individual Accident & Health | 0.15% | $6,895,221 | $7,119,455 | $8,215,223 | $8,085,077 | N/A |
| 2021 | Individual Medicare Supplement | 0.24% | $1,370,769 | $1,396,519 | $860,452 | $814,107 | 58.30 % |
| 2021 | Individual Long Term Care | 2.35% | $4,871,946 | $5,057,019 | $7,148,706 | $7,067,937 | N/A |
| 2021 | Individual Specified Disease | 0.05% | $55,609 | $56,116 | $6,335 | $3,893 | 6.94 % |
| 2021 | Individual Limited Benefit | 0.88% | $596,897 | $609,801 | $199,730 | $199,140 | 32.66 % |
| 2021 | Total Life | 0.46% | $56,565,904 | $0 | $4,598,778 | $0 | N/A |
| 2021 | Total Individual Life | 0.72% | $56,565,904 | $0 | $4,598,778 | $0 | N/A |
| 2021 | Individual Whole Life | 0.06% | $527,239 | $0 | $1,599,816 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 3.21% | $49,930,446 | $0 | $2,998,962 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 6.67% | $6,108,219 | $0 | $0 | $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 | Health | 0.06% | 13 | 997 |
| 2023 | Life and Annuities | 0.40% | 1 | 34 |
| 2023 | Long-Term Care Insurance | 1.80% | 10 | 341 |
| 2023 | Medicare Supplement Insurance | 0.14% | 0 | 0 |
| 2022 | Health | 0.08% | 10 | 552 |
| 2022 | Life and Annuities | 0.39% | 1 | 35 |
| 2022 | Long-Term Care Insurance | 2.00% | 8 | 261 |
| 2022 | Medicare Supplement Insurance | 0.19% | 0 | 0 |
| 2021 | Health | 0.09% | 9 | 386 |
| 2021 | Life and Annuities | 0.37% | 2 | 70 |
| 2021 | Long-Term Care Insurance | 2.26% | 7 | 183 |
| 2021 | Medicare Supplement Insurance | 0.23% | 0 | 0 |
Company Changes
Effective Date: 07/09/2020
Comments: Effective 7/9/2020 Equitable Life & Casualty Insurance Company changed its name to the above.
Effective Date: 09/22/2023
Comments: Effective 09/22/2023 the above Life and Health company redomesticated from Utah to Indiana and was issued a new Missouri Certificate of Authority on 02/22/2024. Company also updated its Mailing and Statutory Home Office Addresses.
Market Conduct
Date: 02/21/2019
Financial Exams
This company does not have any financial exams.