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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 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 |
|---|---|---|---|---|---|---|---|
| 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 | 0.16% | $66,025,093 | $0 | $17,356,950 | $0 | N/A |
| 2020 | Total Individual Life | 0.12% | $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 | 1.75% | $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 | 1.67% | $41,083,523 | $0 | $4,405,991 | $0 | N/A |
| 2019 | Total Accident & Health | 0.00% | $118,487 | $118,487 | $0 | $0 | 0.00 % |
| 2019 | Total Individual Accident & Health | 0.00% | $118,487 | $118,487 | $0 | $0 | 0.00 % |
| 2019 | Individual Accident Only | 0.04% | $118,487 | $118,487 | $0 | $0 | 0.00 % |
| 2019 | Total Life | 0.14% | $43,011,346 | $0 | $14,142,374 | $0 | N/A |
| 2019 | Total Individual Life | 0.12% | $23,230,222 | $0 | $11,463,565 | $0 | N/A |
| 2019 | Individual Whole Life | 0.00% | $47,309 | $0 | $196,259 | $0 | N/A |
| 2019 | Individual Term Life | 1.71% | $21,873,428 | $0 | $10,350,582 | $0 | N/A |
| 2019 | Individual Universal Life | 0.08% | $1,304,771 | $0 | $873,118 | $0 | N/A |
| 2019 | Individual Variable Life | 0.00% | $4,714 | $0 | $43,606 | $0 | N/A |
| 2019 | Individual Variable Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2019 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2019 | Total Group Life | 0.16% | $19,781,124 | $0 | $2,678,809 | $0 | N/A |
| 2019 | Group Ordinary Annuities | 0.68% | $19,781,124 | $0 | $2,678,809 | $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 |
|---|---|---|---|---|
| 2021 | Life and Annuities | 0.56% | 2 | 46 |
| 2021 | Health | 0.00% | 0 | 0 |
| 2020 | Health | 0.00% | 0 | 0 |
| 2020 | Life and Annuities | 0.50% | 3 | 74 |
| 2019 | Health | 0.00% | 0 | 0 |
| 2019 | Life and Annuities | 0.41% | 2 | 50 |
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.