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Company Details
SUN LIFE ASSURANCE COMPANY OF CANADA License Status :
Active
NAIC Number :
80802
Phone Number:
7814466740
Company Address:
96 Worcester Street Law Dept.
Wellesley Hills, MA 02481
Description:
Life and Health
License Number:
A418956
Date Admitted:
1926-10-19
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 Accident & Health | 0.16% | $120,736,186 | $121,138,806 | $76,764,375 | $76,764,375 | 63.37 % |
2021 | Total Individual Accident & Health | 0.00% | $0 | $0 | $251 | $251 | N/A |
2021 | Individual Dental | 0.00% | $0 | $0 | $251 | $251 | N/A |
2021 | Total Group Accident & Health | 0.23% | $120,736,186 | $121,138,806 | $76,764,124 | $76,764,124 | 63.37 % |
2021 | Group Specified Disease | 1.27% | $1,295,161 | $1,299,480 | $395,326 | $395,326 | 30.42 % |
2021 | Group Accident Only | 0.35% | $1,267,457 | $1,271,684 | $172,504 | $172,504 | 13.57 % |
2021 | Group Disability Income | 2.25% | $17,107,831 | $17,164,880 | $10,058,697 | $10,058,697 | 58.60 % |
2021 | Group Dental | 0.84% | $11,998,261 | $12,038,272 | $8,112,509 | $8,112,509 | 67.39 % |
2021 | Group Limited Benefit | 0.34% | $3,042,179 | $3,052,323 | $1,790,616 | $1,790,616 | 58.66 % |
2021 | Group Stop Loss | 2.45% | $86,025,297 | $86,312,167 | $56,234,472 | $56,234,472 | 65.15 % |
2021 | Total Life | 0.07% | $23,175,201 | $0 | $27,218,255 | $0 | N/A |
2021 | Total Individual Life | 0.02% | $5,158,136 | $0 | $13,015,195 | $0 | N/A |
2021 | Individual Whole Life | 0.07% | $1,136,478 | $0 | $7,984,357 | $0 | N/A |
2021 | Individual Term Life | 0.01% | $107,241 | $0 | $0 | $0 | N/A |
2021 | Individual Universal Life | 0.22% | $3,914,417 | $0 | $5,029,166 | $0 | N/A |
2021 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $1,672 | $0 | N/A |
2021 | Total Group Life | 0.14% | $18,017,065 | $0 | $14,203,060 | $0 | N/A |
2021 | Group Term Life | 1.11% | $18,017,065 | $0 | $14,186,505 | $0 | N/A |
2021 | Group Ordinary Annuities | 0.00% | $0 | $0 | $16,555 | $0 | N/A |
2020 | Total Accident & Health | 0.14% | $108,714,603 | $108,781,742 | $65,743,627 | $65,743,627 | 60.44 % |
2020 | Total Individual Accident & Health | 0.00% | $0 | $0 | $1,508 | $1,508 | N/A |
2020 | Individual Dental | 0.00% | $0 | $0 | $1,508 | $1,508 | N/A |
2020 | Total Group Accident & Health | 0.21% | $108,714,603 | $108,781,742 | $65,742,119 | $65,742,119 | 60.43 % |
2020 | Group Specified Disease | 0.94% | $880,096 | $880,640 | $114,659 | $114,659 | 13.02 % |
2020 | Group Accident Only | 0.31% | $1,079,628 | $1,080,295 | $113,875 | $113,875 | 10.54 % |
2020 | Group Disability Income | 1.98% | $14,235,890 | $14,244,681 | $7,429,070 | $7,429,070 | 52.15 % |
2020 | Group Dental | 1.05% | $14,359,031 | $14,367,899 | $8,377,646 | $8,377,646 | 58.31 % |
2020 | Group Stop Loss | 2.49% | $78,159,958 | $78,208,227 | $49,706,869 | $49,706,869 | 63.56 % |
2020 | Total Life | 0.05% | $22,238,566 | $0 | $20,714,351 | $0 | N/A |
2020 | Total Individual Life | 0.03% | $5,612,023 | $0 | $11,446,534 | $0 | N/A |
2020 | Individual Whole Life | 0.09% | $1,244,310 | $0 | $4,024,635 | $0 | N/A |
2020 | Individual Term Life | 0.01% | $121,979 | $0 | $5 | $0 | N/A |
2020 | Individual Universal Life | 0.25% | $4,245,734 | $0 | $7,420,208 | $0 | N/A |
2020 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $1,686 | $0 | N/A |
2020 | Total Group Life | 0.08% | $16,626,543 | $0 | $9,267,817 | $0 | N/A |
2020 | Group Whole Life | 10.70% | $16,626,543 | $0 | $9,250,588 | $0 | N/A |
2020 | Group Ordinary Annuities | 0.00% | $0 | $0 | $17,229 | $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 | Health | 1.09% | 6 | 19 |
2021 | Life and Annuities | 0.22% | 2 | 119 |
2020 | Life and Annuities | 0.19% | 1 | 65 |
2020 | Health | 0.86% | 4 | 14 |
Company Changes
Effective Date: 03/01/2003
Comments: U.S. Branch of Clarica Life Insurance Co. merged with and into Sun Life Assurance Co. of Canada.
Market Conduct
Date: 01/12/2021
Financial Exams
This company does not have any financial exams.