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Company Details
FARMERS NEW WORLD LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
63177
Phone Number:
206-275-6221
Company Address:
3120 139TH AVENUE SOUTHEAST, SUITE 300
BELLEVUE, WA 98005-4491
Description:
Life and Health
License Number:
A420674
Date Admitted:
1954-09-08
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 |
|---|---|---|---|---|---|---|---|
| 2019 | Total Accident & Health | 0.00% | $601,439 | $601,478 | $444,549 | $444,549 | 73.91 % |
| 2019 | Total Individual Accident & Health | 0.00% | $601,410 | $601,449 | $444,549 | $444,549 | 73.91 % |
| 2019 | Individual Long Term Care | 0.04% | $190,390 | $190,390 | $344,425 | $344,425 | N/A |
| 2019 | Individual Accident Only | 0.16% | $410,874 | $410,913 | $100,124 | $100,124 | 24.37 % |
| 2019 | Individual Disability Income | 0.00% | $146 | $146 | $0 | $0 | 0.00 % |
| 2019 | Total Group Accident & Health | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2019 | Group Accident Only | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2019 | Total Life | 0.10% | $27,464,517 | $0 | $24,268,208 | $0 | N/A |
| 2019 | Total Individual Life | 0.17% | $27,463,332 | $0 | $24,268,208 | $0 | N/A |
| 2019 | Individual Whole Life | 0.03% | $432,942 | $0 | $1,757,270 | $0 | N/A |
| 2019 | Individual Term Life | 1.19% | $13,331,878 | $0 | $6,896,521 | $0 | N/A |
| 2019 | Individual Universal Life | 0.61% | $8,823,018 | $0 | $7,997,838 | $0 | N/A |
| 2019 | Individual Graded Death Benefits | 0.03% | $9,037 | $0 | $165,028 | $0 | N/A |
| 2019 | Individual Variable Life | 0.65% | $3,129,643 | $0 | $1,261,234 | $0 | N/A |
| 2019 | Individual Variable Annuities | 0.01% | $709,013 | $0 | $4,690,855 | $0 | N/A |
| 2019 | Individual Modified Guaranteed Annuities | 0.30% | $57,795 | $0 | $1,417,399 | $0 | N/A |
| 2019 | Individual Deposit-Type Funds | 0.57% | $970,006 | $0 | $73,755 | $0 | N/A |
| 2019 | Individual Other Consideration | 0.00% | $0 | $0 | $8,308 | $0 | N/A |
| 2019 | Total Group Life | 0.00% | $1,185 | $0 | $0 | $0 | N/A |
| 2019 | Group Term Life | 0.00% | $1,185 | $0 | $0 | $0 | N/A |
| 2018 | Total Accident & Health | 0.00% | $604,359 | $604,391 | $313,054 | $313,054 | 51.80 % |
| 2018 | Total Individual Accident & Health | 0.00% | $604,330 | $604,362 | $313,054 | $313,054 | 51.80 % |
| 2018 | Individual Long Term Care | 0.04% | $205,589 | $205,589 | $312,930 | $312,930 | N/A |
| 2018 | Individual Accident Only | 0.16% | $398,729 | $398,761 | $124 | $124 | 0.03 % |
| 2018 | Individual Disability Income | 0.00% | $12 | $12 | $0 | $0 | 0.00 % |
| 2018 | Total Group Accident & Health | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2018 | Group Accident Only | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2018 | Total Life | 0.08% | $27,036,392 | $0 | $22,522,425 | $0 | N/A |
| 2018 | Total Individual Life | 0.18% | $27,035,301 | $0 | $22,522,425 | $0 | N/A |
| 2018 | Individual Whole Life | 0.03% | $436,140 | $0 | $2,223,636 | $0 | N/A |
| 2018 | Individual Term Life | 1.17% | $13,040,866 | $0 | $3,733,866 | $0 | N/A |
| 2018 | Individual Universal Life | 0.57% | $8,689,234 | $0 | $8,837,947 | $0 | N/A |
| 2018 | Individual Graded Death Benefits | 0.04% | $10,455 | $0 | $88,082 | $0 | N/A |
| 2018 | Individual Variable Life | 0.92% | $3,202,334 | $0 | $1,157,786 | $0 | N/A |
| 2018 | Individual Ordinary Annuities | 0.04% | $736,157 | $0 | $4,464,088 | $0 | N/A |
| 2018 | Individual Variable Annuities | 0.00% | $51,861 | $0 | $1,930,226 | $0 | N/A |
| 2018 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $69,175 | $0 | N/A |
| 2018 | Individual Deposit-Type Funds | 0.59% | $868,254 | $0 | $17,619 | $0 | N/A |
| 2018 | Total Group Life | 0.00% | $1,091 | $0 | $0 | $0 | N/A |
| 2018 | Group Term Life | 0.00% | $1,091 | $0 | $0 | $0 | N/A |
| 2017 | Total Accident & Health | 0.00% | $599,123 | $599,088 | $292,869 | $279,277 | 46.62 % |
| 2017 | Total Individual Accident & Health | 0.00% | $599,123 | $599,088 | $292,869 | $279,277 | 46.62 % |
| 2017 | Individual Long Term Care | 0.05% | $216,614 | $215,988 | $292,745 | $279,153 | N/A |
| 2017 | Individual Accident Only | 0.17% | $382,269 | $382,860 | $124 | $124 | 0.03 % |
| 2017 | Individual Disability Income | 0.00% | $240 | $240 | $0 | $0 | 0.00 % |
| 2017 | Total Group Accident & Health | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2017 | Group Accident Only | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2017 | Total Life | 0.12% | $26,483,220 | $0 | $24,525,047 | $0 | N/A |
| 2017 | Total Individual Life | 0.19% | $26,483,220 | $0 | $24,521,297 | $0 | N/A |
| 2017 | Individual Whole Life | 0.03% | $431,792 | $0 | $2,675,101 | $0 | N/A |
| 2017 | Individual Term Life | 1.21% | $12,558,057 | $0 | $3,700,590 | $0 | N/A |
| 2017 | Individual Universal Life | 0.58% | $8,637,406 | $0 | $9,610,502 | $0 | N/A |
| 2017 | Individual Graded Death Benefits | 0.05% | $11,500 | $0 | $101,996 | $0 | N/A |
| 2017 | Individual Variable Life | 0.88% | $3,020,931 | $0 | $1,104,266 | $0 | N/A |
| 2017 | Individual Ordinary Annuities | 0.06% | $948,506 | $0 | $5,994,214 | $0 | N/A |
| 2017 | Individual Variable Annuities | 0.00% | $23,265 | $0 | $1,247,002 | $0 | N/A |
| 2017 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $75,224 | $0 | N/A |
| 2017 | Individual Deposit-Type Funds | 0.56% | $851,763 | $0 | $12,402 | $0 | N/A |
| 2017 | Total Group Life | 0.00% | $0 | $0 | $3,750 | $0 | N/A |
| 2017 | Group Term Life | 0.00% | $0 | $0 | $3,750 | $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 |
|---|---|---|---|---|
| 2019 | Long-Term Care Insurance | 0.08% | 0 | 0 |
| 2019 | Health | 0.01% | 0 | 0 |
| 2019 | Life and Annuities | 0.29% | 7 | 249 |
| 2018 | Health | 0.01% | 0 | 0 |
| 2018 | Life and Annuities | 0.29% | 9 | 287 |
| 2018 | Long-Term Care Insurance | 0.09% | 0 | 0 |
| 2017 | Health | 0.01% | 0 | 0 |
| 2017 | Life and Annuities | 0.28% | 8 | 250 |
| 2017 | Long-Term Care Insurance | 0.09% | 0 | 0 |
Company Changes
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.