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Company Details
BANNER LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
94250
Phone Number:
301-279-4800
Company Address:
3275 BENNETT CREEK AVE
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 Earned | Direct Premium Written | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2018 | Total Accident & Health | 0.00% | $71,403 | $71,403 | $0 | $0 | 0.00 % |
| 2018 | Total Individual Accident & Health | 0.00% | $71,403 | $71,403 | $0 | $0 | 0.00 % |
| 2018 | Individual Accident Only | 0.01% | $71,403 | $71,403 | $0 | $0 | 0.00 % |
| 2018 | Total Life | 0.05% | $29,374,912 | $0 | $11,136,227 | $0 | N/A |
| 2018 | Total Individual Life | 0.08% | $21,948,311 | $0 | $9,215,422 | $0 | N/A |
| 2018 | Individual Whole Life | 0.00% | $67,555 | $0 | $268,824 | $0 | N/A |
| 2018 | Individual Term Life | 0.97% | $20,618,618 | $0 | $8,200,582 | $0 | N/A |
| 2018 | Individual Universal Life | 0.04% | $1,258,474 | $0 | $717,527 | $0 | N/A |
| 2018 | Individual Variable Life | 0.00% | $3,664 | $0 | $28,489 | $0 | N/A |
| 2018 | Individual Variable Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2018 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2018 | Total Group Life | 0.02% | $7,426,601 | $0 | $1,920,805 | $0 | N/A |
| 2018 | Group Ordinary Annuities | 0.17% | $7,426,601 | $0 | $1,920,805 | $0 | N/A |
| 2017 | Total Accident & Health | 0.00% | $13,466 | $13,466 | $0 | $0 | 0.00 % |
| 2017 | Total Individual Accident & Health | 0.00% | $13,466 | $13,466 | $0 | $0 | 0.00 % |
| 2017 | Individual Accident Only | 0.01% | $13,466 | $13,466 | $0 | $0 | 0.00 % |
| 2017 | Total Life | 0.19% | $38,623,975 | $0 | $11,884,620 | $0 | N/A |
| 2017 | Total Individual Life | 0.16% | $20,467,404 | $0 | $11,565,686 | $0 | N/A |
| 2017 | Individual Whole Life | 0.01% | $60,516 | $0 | $331,693 | $0 | N/A |
| 2017 | Individual Term Life | 1.93% | $19,040,832 | $0 | $10,700,583 | $0 | N/A |
| 2017 | Individual Universal Life | 0.10% | $1,362,942 | $0 | $514,625 | $0 | N/A |
| 2017 | Individual Variable Life | 0.00% | $3,114 | $0 | $0 | $0 | N/A |
| 2017 | Individual Variable Annuities | 0.00% | $0 | $0 | $18,785 | $0 | N/A |
| 2017 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2017 | Total Group Life | 0.23% | $18,156,571 | $0 | $318,934 | $0 | N/A |
| 2017 | Group Ordinary Annuities | 0.70% | $18,156,571 | $0 | $318,934 | $0 | N/A |
| 2016 | Total Life | 0.09% | $21,250,991 | $0 | $11,422,914 | $0 | N/A |
| 2016 | Total Individual Life | 0.13% | $19,776,545 | $0 | $11,258,530 | $0 | N/A |
| 2016 | Individual Whole Life | 0.01% | $58,671 | $0 | $198,215 | $0 | N/A |
| 2016 | Individual Term Life | 1.90% | $18,273,621 | $0 | $10,476,893 | $0 | N/A |
| 2016 | Individual Universal Life | 0.10% | $1,439,796 | $0 | $414,754 | $0 | N/A |
| 2016 | Individual Variable Life | 0.00% | $4,457 | $0 | $0 | $0 | N/A |
| 2016 | Individual Variable Annuities | 0.00% | $0 | $0 | $168,668 | $0 | N/A |
| 2016 | Total Group Life | 0.02% | $1,474,446 | $0 | $164,384 | $0 | N/A |
| 2016 | Group Ordinary Annuities | 0.06% | $1,474,446 | $0 | $164,384 | $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 |
|---|---|---|---|---|
| 2018 | Life and Annuities | 0.33% | 3 | 83 |
| 2018 | Health | 0.00% | 0 | 0 |
| 2017 | Health | 0.00% | 0 | 0 |
| 2017 | Life and Annuities | 0.29% | 3 | 89 |
| 2016 | Life and Annuities | 0.20% | 3 | 126 |
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.