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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 |
|---|---|---|---|---|---|---|---|
| 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 | 0.07% | $199,608 | $199,608 | $0 | $0 | 0.00 % |
| 2022 | Total Life | 0.12% | $46,299,333 | $0 | $30,263,926 | $0 | N/A |
| 2022 | Total Individual Life | 0.11% | $27,240,070 | $0 | $21,130,111 | $0 | N/A |
| 2022 | Individual Whole Life | 0.00% | $43,842 | $0 | $70,022 | $0 | N/A |
| 2022 | Individual Term Life | 1.76% | $25,994,969 | $0 | $20,650,582 | $0 | N/A |
| 2022 | Individual Universal Life | 0.07% | $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 | 0.13% | $19,059,263 | $0 | $9,133,815 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 0.51% | $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 | 0.06% | $176,855 | $176,855 | $0 | $0 | 0.00 % |
| 2021 | Total Life | 0.15% | $51,877,408 | $0 | $34,547,156 | $0 | N/A |
| 2021 | Total Individual Life | 0.12% | $26,060,812 | $0 | $26,965,085 | $0 | N/A |
| 2021 | Individual Whole Life | 0.00% | $60,506 | $0 | $166,930 | $0 | N/A |
| 2021 | Individual Term Life | 1.83% | $24,726,911 | $0 | $23,827,583 | $0 | N/A |
| 2021 | Individual Universal Life | 0.07% | $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 | 0.20% | $25,816,596 | $0 | $7,582,071 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 0.88% | $25,816,596 | $0 | $7,582,071 | $0 | N/A |
| 2020 | Total Accident & Health | 0.00% | $153,769 | $153,769 | $0 | $0 | 0.00 % |
| 2020 | Total Individual Accident & Health | 0.00% | $153,769 | $153,769 | $0 | $0 | 0.00 % |
| 2020 | Individual Accident Only | 0.06% | $153,769 | $153,769 | $0 | $0 | 0.00 % |
| 2020 | Total Life | 0.15% | $66,025,093 | $0 | $17,356,950 | $0 | N/A |
| 2020 | Total Individual Life | 0.11% | $24,941,570 | $0 | $12,950,959 | $0 | N/A |
| 2020 | Individual Whole Life | 0.00% | $45,308 | $0 | $102,739 | $0 | N/A |
| 2020 | Individual Term Life | 1.70% | $23,564,603 | $0 | $12,677,582 | $0 | N/A |
| 2020 | Individual Universal Life | 0.08% | $1,327,944 | $0 | $166,758 | $0 | N/A |
| 2020 | Individual Variable Life | 0.00% | $3,715 | $0 | $3,880 | $0 | N/A |
| 2020 | Individual Variable Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Total Group Life | 0.19% | $41,083,523 | $0 | $4,405,991 | $0 | N/A |
| 2020 | Group Ordinary Annuities | 1.58% | $41,083,523 | $0 | $4,405,991 | $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 | 0.00% | 0 | 0 |
| 2022 | Life and Annuities | 0.53% | 3 | 78 |
| 2021 | Health | 0.00% | 0 | 0 |
| 2021 | Life and Annuities | 0.56% | 2 | 46 |
| 2020 | Health | 0.00% | 0 | 0 |
| 2020 | Life and Annuities | 0.50% | 3 | 74 |
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.