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Company Details
BANNER LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
94250
Phone Number:
3012794800
Company Address:
3275 BENNETT CREEK AVENUE
FREDERICK, MD 21704
Description:
Life and Health
License Number:
A422410
Date Admitted:
1982-03-25
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 | 0.00% | $211,496 | $211,496 | $0 | $0 | 0.00 % |
| 2023 | Total Individual Accident & Health | 0.00% | $211,496 | $211,496 | $0 | $0 | 0.00 % |
| 2023 | Individual Accident Only | 0.26% | $211,496 | $211,496 | $0 | $0 | 0.00 % |
| 2023 | Total Life | 0.49% | $66,717,277 | $0 | $27,129,198 | $0 | N/A |
| 2023 | Total Individual Life | 0.29% | $29,000,488 | $0 | $16,929,908 | $0 | N/A |
| 2023 | Individual Whole Life | 0.01% | $47,038 | $0 | $108,188 | $0 | N/A |
| 2023 | Individual Term Life | 4.69% | $27,692,721 | $0 | $16,440,437 | $0 | N/A |
| 2023 | Individual Universal Life | 0.22% | $1,258,112 | $0 | $368,403 | $0 | N/A |
| 2023 | Individual Variable Life | 0.00% | $2,617 | $0 | $12,880 | $0 | N/A |
| 2023 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2023 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2023 | Total Group Life | 1.07% | $37,716,789 | $0 | $10,199,290 | $0 | N/A |
| 2023 | Group Ordinary Annuities | 3.04% | $37,716,789 | $0 | $10,199,290 | $0 | N/A |
| 2022 | Total Accident & Health | 0.00% | $199,608 | $199,608 | $0 | $0 | 0.00 % |
| 2022 | Total Individual Accident & Health | 0.00% | $199,608 | $199,608 | $0 | $0 | 0.00 % |
| 2022 | Individual Accident Only | 0.32% | $199,608 | $199,608 | $0 | $0 | 0.00 % |
| 2022 | Total Life | 0.32% | $46,299,333 | $0 | $30,263,926 | $0 | N/A |
| 2022 | Total Individual Life | 0.28% | $27,240,070 | $0 | $21,130,111 | $0 | N/A |
| 2022 | Individual Whole Life | 0.01% | $43,842 | $0 | $70,022 | $0 | N/A |
| 2022 | Individual Term Life | 4.18% | $25,994,969 | $0 | $20,650,582 | $0 | N/A |
| 2022 | Individual Universal Life | 0.15% | $1,197,543 | $0 | $396,627 | $0 | N/A |
| 2022 | Individual Variable Life | 0.00% | $3,716 | $0 | $12,880 | $0 | N/A |
| 2022 | Individual Variable Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2022 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2022 | Total Group Life | 0.42% | $19,059,263 | $0 | $9,133,815 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 1.18% | $19,059,263 | $0 | $9,133,815 | $0 | N/A |
| 2021 | Total Accident & Health | 0.00% | $176,855 | $176,855 | $0 | $0 | 0.00 % |
| 2021 | Total Individual Accident & Health | 0.00% | $176,855 | $176,855 | $0 | $0 | 0.00 % |
| 2021 | Individual Accident Only | 0.28% | $176,855 | $176,855 | $0 | $0 | 0.00 % |
| 2021 | Total Life | 0.42% | $51,877,408 | $0 | $34,547,156 | $0 | N/A |
| 2021 | Total Individual Life | 0.33% | $26,060,812 | $0 | $26,965,085 | $0 | N/A |
| 2021 | Individual Whole Life | 0.01% | $60,506 | $0 | $166,930 | $0 | N/A |
| 2021 | Individual Term Life | 4.06% | $24,726,911 | $0 | $23,827,583 | $0 | N/A |
| 2021 | Individual Universal Life | 0.16% | $1,268,181 | $0 | $2,152,756 | $0 | N/A |
| 2021 | Individual Variable Life | 0.00% | $5,214 | $0 | $817,816 | $0 | N/A |
| 2021 | Individual Variable Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Total Group Life | 0.59% | $25,816,596 | $0 | $7,582,071 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 1.92% | $25,816,596 | $0 | $7,582,071 | $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 | 0.00% | 0 | 0 |
| 2023 | Life and Annuities | 0.45% | 1 | 30 |
| 2022 | Health | 0.00% | 0 | 0 |
| 2022 | Life and Annuities | 0.53% | 3 | 78 |
| 2021 | Health | 0.00% | 0 | 0 |
| 2021 | Life and Annuities | 0.56% | 2 | 46 |
Company Changes
Market Conduct
Date: 08/20/2024
Financial Exams
This company does not have any financial exams.