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Company Details
MIDLAND NATIONAL LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
66044
Phone Number:
6053355700
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 |
|---|---|---|---|---|---|---|---|
| 2021 | Total Life | 0.28% | $98,498,230 | $0 | $69,150,002 | $0 | N/A |
| 2021 | Total Individual Life | 0.42% | $93,402,655 | $0 | $61,082,709 | $0 | N/A |
| 2021 | Individual Whole Life | 2.55% | $42,620,428 | $0 | $17,697,200 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.55% | $16,192,250 | $0 | $13,861,694 | $0 | N/A |
| 2021 | Individual Variable Annuities | 0.05% | $4,038,757 | $0 | $3,457,457 | $0 | N/A |
| 2021 | Individual Equity Indexed Annuities | 0.63% | $30,448,875 | $0 | $26,066,358 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 0.07% | $102,345 | $0 | $0 | $0 | N/A |
| 2021 | Total Group Life | 0.04% | $5,095,575 | $0 | $8,067,293 | $0 | N/A |
| 2021 | Group Whole Life | 0.00% | $3,500 | $0 | $0 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 0.02% | $665,441 | $0 | $1,054,249 | $0 | N/A |
| 2021 | Group Variable Annuities | 0.01% | $177,727 | $0 | $281,569 | $0 | N/A |
| 2021 | Group Equity Indexed Annuities | 32.79% | $4,248,907 | $0 | $6,731,475 | $0 | N/A |
| 2020 | Total Life | 0.14% | $60,511,514 | $0 | $51,726,730 | $0 | N/A |
| 2020 | Total Individual Life | 0.28% | $59,933,102 | $0 | $42,918,722 | $0 | N/A |
| 2020 | Individual Whole Life | 1.32% | $19,061,773 | $0 | $8,354,617 | $0 | N/A |
| 2020 | Individual Ordinary Annuities | 0.65% | $15,047,949 | $0 | $12,725,764 | $0 | N/A |
| 2020 | Individual Variable Annuities | 0.03% | $2,693,858 | $0 | $2,278,144 | $0 | N/A |
| 2020 | Individual Equity Indexed Annuities | 0.53% | $23,129,522 | $0 | $19,560,197 | $0 | N/A |
| 2020 | Total Group Life | 0.00% | $578,412 | $0 | $8,808,008 | $0 | N/A |
| 2020 | Group Whole Life | 0.00% | $3,500 | $0 | $0 | $0 | N/A |
| 2020 | Group Ordinary Annuities | 0.00% | $43,151 | $0 | $661,101 | $0 | N/A |
| 2020 | Group Variable Annuities | 0.00% | $20,486 | $0 | $313,856 | $0 | N/A |
| 2020 | Group Equity Indexed Annuities | 23.74% | $511,275 | $0 | $7,833,051 | $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 | 0.69% | 9 | 167 |
| 2020 | Life and Annuities | 0.48% | 8 | 203 |
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
Date: 04/24/2020
Financial Exams
This company does not have any financial exams.