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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
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 0.16% $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 1.03% $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 0.03% $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 0.64% $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
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 0.15% $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 0.09% $27,464,517 $0 $24,268,208 $0 N/A
2019 Total Individual Life 0.14% $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 1.04% $13,331,878 $0 $6,896,521 $0 N/A
2019 Individual Universal Life 0.55% $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 0.56% $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 0.54% $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

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
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
2019 Life and Annuities 0.29% 7 249
2019 Long-Term Care Insurance 0.08% 0 0
2019 Health 0.01% 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.