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

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
2022 Long-Term Care Insurance 0.07% 0 0
2022 Health 0.01% 0 0
2022 Life and Annuities 0.27% 8 402
2021 Health 0.01% 0 0
2021 Life and Annuities 0.28% 7 319
2021 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.