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Company Details
FARMERS NEW WORLD LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
63177
Phone Number:
2062756221
Company Address:
7340 West Memorial Road
Oklahoma City, OK 73142
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 |
|---|---|---|---|---|---|---|---|
| 2022 | Total Accident & Health | 0.00% | $589,709 | $589,709 | $393,112 | $393,112 | 66.66 % |
| 2022 | Total Individual Accident & Health | 0.00% | $589,680 | $589,680 | $393,112 | $393,112 | 66.67 % |
| 2022 | Individual Long Term Care | 0.03% | $147,632 | $147,632 | $393,112 | $393,112 | N/A |
| 2022 | Individual Accident Only | 0.15% | $442,048 | $442,048 | $0 | $0 | 0.00 % |
| 2022 | Total Group Accident & Health | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2022 | Group Accident Only | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2022 | Total Life | 0.08% | $30,143,472 | $0 | $27,251,576 | $0 | N/A |
| 2022 | Total Individual Life | 0.12% | $30,142,021 | $0 | $27,251,576 | $0 | N/A |
| 2022 | Individual Whole Life | 0.03% | $461,692 | $0 | $1,935,245 | $0 | N/A |
| 2022 | Individual Term Life | 1.05% | $15,490,789 | $0 | $7,304,930 | $0 | N/A |
| 2022 | Individual Universal Life | 0.54% | $9,684,238 | $0 | $11,051,846 | $0 | N/A |
| 2022 | Individual Graded Death Benefits | 0.09% | $31,125 | $0 | $448,068 | $0 | N/A |
| 2022 | Individual Variable Life | 0.62% | $2,992,640 | $0 | $1,816,240 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.01% | $477,212 | $0 | $3,707,757 | $0 | N/A |
| 2022 | Individual Variable Annuities | 0.00% | $8,840 | $0 | $694,760 | $0 | N/A |
| 2022 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $289,006 | $0 | N/A |
| 2022 | Individual Deposit-Type Funds | 0.09% | $995,485 | $0 | $3,724 | $0 | N/A |
| 2022 | Total Group Life | 0.00% | $1,451 | $0 | $0 | $0 | N/A |
| 2022 | Group Term Life | 0.00% | $1,451 | $0 | $0 | $0 | N/A |
| 2021 | Total Accident & Health | 0.00% | $613,229 | $613,236 | $607,734 | $607,734 | 99.10 % |
| 2021 | Total Individual Accident & Health | 0.00% | $613,200 | $613,207 | $607,734 | $607,734 | 99.11 % |
| 2021 | Individual Long Term Care | 0.03% | $176,208 | $176,229 | $354,496 | $354,496 | N/A |
| 2021 | Individual Accident Only | 0.15% | $436,992 | $436,978 | $253,238 | $253,238 | 57.95 % |
| 2021 | Total Group Accident & Health | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2021 | Group Accident Only | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2021 | Total Life | 0.08% | $29,150,790 | $0 | $29,325,713 | $0 | N/A |
| 2021 | Total Individual Life | 0.13% | $29,149,537 | $0 | $29,325,713 | $0 | N/A |
| 2021 | Individual Whole Life | 0.03% | $437,487 | $0 | $2,292,710 | $0 | N/A |
| 2021 | Individual Term Life | 1.05% | $14,101,081 | $0 | $10,271,571 | $0 | N/A |
| 2021 | Individual Universal Life | 0.53% | $9,678,382 | $0 | $10,028,476 | $0 | N/A |
| 2021 | Individual Graded Death Benefits | 0.02% | $7,303 | $0 | $582,291 | $0 | N/A |
| 2021 | Individual Variable Life | 0.59% | $3,017,931 | $0 | $1,685,831 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.02% | $593,324 | $0 | $3,553,379 | $0 | N/A |
| 2021 | Individual Variable Annuities | 0.00% | $33,090 | $0 | $832,663 | $0 | N/A |
| 2021 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $75,091 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 0.86% | $1,280,939 | $0 | $3,701 | $0 | N/A |
| 2021 | Total Group Life | 0.00% | $1,253 | $0 | $0 | $0 | N/A |
| 2021 | Group Term Life | 0.00% | $1,253 | $0 | $0 | $0 | N/A |
| 2020 | Total Accident & Health | 0.00% | $615,322 | $615,321 | $697,226 | $697,226 | N/A |
| 2020 | Total Individual Accident & Health | 0.00% | $615,293 | $615,292 | $697,226 | $697,226 | N/A |
| 2020 | Individual Long Term Care | 0.04% | $192,193 | $192,193 | $397,226 | $397,226 | N/A |
| 2020 | Individual Accident Only | 0.15% | $423,100 | $423,099 | $300,000 | $300,000 | 70.91 % |
| 2020 | Total Group Accident & Health | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2020 | Group Accident Only | 0.00% | $29 | $29 | $0 | $0 | 0.00 % |
| 2020 | Total Life | 0.07% | $28,248,832 | $0 | $19,492,561 | $0 | N/A |
| 2020 | Total Individual Life | 0.13% | $28,247,579 | $0 | $19,492,561 | $0 | N/A |
| 2020 | Individual Whole Life | 0.03% | $445,867 | $0 | $2,212,167 | $0 | N/A |
| 2020 | Individual Term Life | 1.00% | $13,909,163 | $0 | $3,995,417 | $0 | N/A |
| 2020 | Individual Universal Life | 0.55% | $9,329,035 | $0 | $7,356,673 | $0 | N/A |
| 2020 | Individual Graded Death Benefits | 0.02% | $8,037 | $0 | $166,355 | $0 | N/A |
| 2020 | Individual Variable Life | 0.65% | $3,021,715 | $0 | $1,387,578 | $0 | N/A |
| 2020 | Individual Ordinary Annuities | 0.02% | $503,124 | $0 | $3,619,481 | $0 | N/A |
| 2020 | Individual Variable Annuities | 0.00% | $109,381 | $0 | $596,552 | $0 | N/A |
| 2020 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $154,618 | $0 | N/A |
| 2020 | Individual Deposit-Type Funds | 0.63% | $921,257 | $0 | $3,720 | $0 | N/A |
| 2020 | Total Group Life | 0.00% | $1,253 | $0 | $0 | $0 | N/A |
| 2020 | Group Term Life | 0.00% | $1,253 | $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 |
|---|---|---|---|---|
| 2022 | Health | 0.01% | 0 | 0 |
| 2022 | Life and Annuities | 0.27% | 8 | 402 |
| 2022 | Long-Term Care Insurance | 0.07% | 0 | 0 |
| 2021 | Health | 0.01% | 0 | 0 |
| 2021 | Life and Annuities | 0.28% | 7 | 319 |
| 2021 | Long-Term Care Insurance | 0.08% | 0 | 0 |
| 2020 | Health | 0.01% | 0 | 0 |
| 2020 | Life and Annuities | 0.29% | 6 | 255 |
| 2020 | Long-Term Care Insurance | 0.08% | 0 | 0 |
Company Changes
No recent changes
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.