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

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 Life and Annuities 0.53% 3 78
2022 Health 0.00% 0 0
2021 Health 0.00% 0 0
2021 Life and Annuities 0.56% 2 46


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.