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Company Details

  MIDLAND NATIONAL LIFE INSURANCE COMPANY License Status :
Active

NAIC Number :

66044


Phone Number:

5152735959


Company Address:

8300 Mills Civic Parkway 
WEST DES MOINES, IA  50266

Description:

Life and Health


License Number:

A420700


Date Admitted:

1953-08-31


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 Life 0.61% $82,652,679 $0 $63,550,555 $0 N/A
2023 Total Individual Life 0.69% $69,607,488 $0 $53,451,738 $0 N/A
2023 Individual Whole Life 0.05% $476,044 $0 $184,550 $0 N/A
2023 Individual Term Life 0.45% $2,653,041 $0 $1,109,837 $0 N/A
2023 Individual Universal Life 0.59% $3,370,951 $0 $8,520,960 $0 N/A
2023 Individual Ordinary Annuities 0.42% $11,324,491 $0 $22,084,649 $0 N/A
2023 Individual Variable Annuities 0.22% $3,237,387 $0 $6,644,509 $0 N/A
2023 Individual Equity Indexed Annuities 2.10% $47,058,542 $0 $14,724,864 $0 N/A
2023 Individual Deposit-Type Funds 0.11% $1,487,032 $0 $0 $0 N/A
2023 Individual Other Consideration 0.00% $0 $0 $182,369 $0 N/A
2023 Total Group Life 0.37% $13,045,191 $0 $10,098,817 $0 N/A
2023 Group Term Life 0.00% $286 $0 $0 $0 N/A
2023 Group Universal Life 0.00% $40 $0 $134,542 $0 N/A
2023 Group Ordinary Annuities 0.00% $20,800 $0 $933,380 $0 N/A
2023 Group Variable Annuities 0.00% $0 $0 $186,276 $0 N/A
2023 Group Equity Indexed Annuities 12.24% $175,948 $0 $6,967,000 $0 N/A
2023 Group Other Considerations 1.45% $12,848,117 $0 $1,877,619 $0 N/A
2022 Total Life 0.55% $79,108,985 $0 $45,385,326 $0 N/A
2022 Total Individual Life 0.77% $75,608,802 $0 $38,238,301 $0 N/A
2022 Individual Whole Life 3.27% $28,331,434 $0 $9,083,000 $0 N/A
2022 Individual Ordinary Annuities 0.64% $15,017,517 $0 $9,261,096 $0 N/A
2022 Individual Variable Annuities 0.18% $3,640,610 $0 $2,245,114 $0 N/A
2022 Individual Equity Indexed Annuities 1.48% $28,619,241 $0 $17,649,091 $0 N/A
2022 Total Group Life 0.08% $3,500,183 $0 $7,147,025 $0 N/A
2022 Group Whole Life 0.01% $3,974 $0 $0 $0 N/A
2022 Group Ordinary Annuities 0.04% $613,633 $0 $1,254,401 $0 N/A
2022 Group Variable Annuities 0.03% $116,740 $0 $238,642 $0 N/A
2022 Group Equity Indexed Annuities 94.99% $2,765,836 $0 $5,653,982 $0 N/A
2021 Total Life 0.80% $98,498,230 $0 $69,150,002 $0 N/A
2021 Total Individual Life 1.19% $93,402,655 $0 $61,082,709 $0 N/A
2021 Individual Whole Life 4.84% $42,620,428 $0 $17,697,200 $0 N/A
2021 Individual Ordinary Annuities 1.04% $16,192,250 $0 $13,861,694 $0 N/A
2021 Individual Variable Annuities 0.18% $4,038,757 $0 $3,457,457 $0 N/A
2021 Individual Equity Indexed Annuities 2.23% $30,448,875 $0 $26,066,358 $0 N/A
2021 Individual Deposit-Type Funds 0.11% $102,345 $0 $0 $0 N/A
2021 Total Group Life 0.12% $5,095,575 $0 $8,067,293 $0 N/A
2021 Group Whole Life 0.01% $3,500 $0 $0 $0 N/A
2021 Group Ordinary Annuities 0.05% $665,441 $0 $1,054,249 $0 N/A
2021 Group Variable Annuities 0.03% $177,727 $0 $281,569 $0 N/A
2021 Group Equity Indexed Annuities 95.84% $4,248,907 $0 $6,731,475 $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
2023 Life and Annuities 0.82% 6 98
2022 Life and Annuities 0.77% 7 125
2021 Life and Annuities 0.69% 9 167


Company Changes

Effective Date: 04/01/2004

Comments: Clarica Life Insurance Co. merged with and into Midland National Life Insurance Co.


Market Conduct

Date: 04/23/2007

A7307529_order.pdf

Date: 04/24/2020

MNLIC420.pdf


Financial Exams

This company does not have any financial exams.