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Company Details
PRINCIPAL LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
61271
Phone Number:
5152359192
Company Address:
711 HIGH STREET
DES MOINES, IA 50392-2300
Description:
Life and Health
License Number:
A419999
Date Admitted:
1911-11-08
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 Accident & Health | 0.37% | $54,320,580 | $53,036,905 | $29,223,122 | $25,916,261 | 48.86 % |
| 2023 | Total Individual Accident & Health | 0.23% | $12,062,447 | $10,715,453 | $2,870,018 | $-235,459 | -2.20 % |
| 2023 | Individual Long Term Care | 0.06% | $127,402 | $132,414 | $437,720 | $513,931 | N/A |
| 2023 | Individual Disability Income | 10.58% | $11,935,045 | $10,583,039 | $2,432,298 | $-749,390 | -7.08 % |
| 2023 | Total Group Accident & Health | 0.44% | $42,258,133 | $42,321,452 | $26,353,104 | $26,151,720 | 61.79 % |
| 2023 | Group Medicare Supplement | 0.22% | $602,751 | $602,617 | $587,698 | $583,370 | 96.81 % |
| 2023 | Group Long Term Care | 0.04% | $17,170 | $18,853 | $45,343 | $84,772 | N/A |
| 2023 | Group Specified Disease | 1.02% | $517,126 | $514,970 | $40,975 | $40,988 | 7.96 % |
| 2023 | Group Accident Only | 0.60% | $817,937 | $819,208 | $72,100 | $72,123 | 8.80 % |
| 2023 | Group Disability Income | 3.16% | $12,710,357 | $12,770,569 | $8,281,826 | $8,039,660 | 62.95 % |
| 2023 | Group Dental | 7.23% | $23,387,836 | $23,388,822 | $14,969,089 | $14,973,966 | 64.02 % |
| 2023 | Group Limited Benefit | 1.36% | $4,204,956 | $4,206,413 | $2,356,073 | $2,356,841 | 56.03 % |
| 2023 | Total Life | 1.51% | $204,202,205 | $0 | $114,284,004 | $0 | N/A |
| 2023 | Total Individual Life | 0.20% | $20,341,844 | $0 | $67,936,777 | $0 | N/A |
| 2023 | Individual Whole Life | 0.12% | $1,057,256 | $0 | $3,919,902 | $0 | N/A |
| 2023 | Individual Term Life | 0.07% | $420,840 | $0 | $300,000 | $0 | N/A |
| 2023 | Individual Universal Life | 0.39% | $2,234,935 | $0 | $1,686,910 | $0 | N/A |
| 2023 | Individual Ordinary Annuities | 0.01% | $242,555 | $0 | $25,781,918 | $0 | N/A |
| 2023 | Individual Variable Annuities | 1.06% | $15,913,747 | $0 | $34,096,424 | $0 | N/A |
| 2023 | Individual Equity Indexed Annuities | 0.02% | $472,511 | $0 | $88,711 | $0 | N/A |
| 2023 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $2,062,912 | $0 | N/A |
| 2023 | Total Group Life | 5.23% | $183,860,361 | $0 | $46,347,227 | $0 | N/A |
| 2023 | Group Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2023 | Group Term Life | 2.22% | $13,139,375 | $0 | $8,751,842 | $0 | N/A |
| 2023 | Group Universal Life | 1.20% | $551,097 | $0 | $197,150 | $0 | N/A |
| 2023 | Group Ordinary Annuities | 13.71% | $169,951,078 | $0 | $37,398,235 | $0 | N/A |
| 2023 | Group Deposit-Type Funds | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2023 | Group Other Considerations | 0.02% | $218,811 | $0 | $0 | $0 | N/A |
| 2022 | Total Accident & Health | 0.42% | $51,519,879 | $49,138,828 | $28,087,902 | $28,077,581 | 57.14 % |
| 2022 | Total Individual Accident & Health | 0.24% | $11,535,285 | $9,110,080 | $2,740,261 | $2,262,736 | 24.84 % |
| 2022 | Individual Long Term Care | 0.08% | $160,543 | $126,790 | $38,138 | $31,492 | 24.84 % |
| 2022 | Individual Disability Income | 10.29% | $11,374,742 | $8,983,290 | $2,702,123 | $2,231,244 | 24.84 % |
| 2022 | Total Group Accident & Health | 0.54% | $39,984,594 | $40,028,748 | $25,347,641 | $25,814,845 | 64.49 % |
| 2022 | Group Medicare Supplement | 0.30% | $748,645 | $748,779 | $736,816 | $685,516 | 91.55 % |
| 2022 | Group Long Term Care | 0.05% | $17,076 | $44,733 | $49,841 | $49,420 | N/A |
| 2022 | Group Specified Disease | 0.84% | $407,458 | $408,680 | $38,200 | $39,007 | 9.54 % |
| 2022 | Group Accident Only | 0.48% | $633,804 | $635,209 | $76,825 | $78,448 | 12.35 % |
| 2022 | Group Disability Income | 3.21% | $12,128,820 | $12,133,965 | $7,888,996 | $8,055,675 | 66.39 % |
| 2022 | Group Dental | 7.31% | $22,225,215 | $22,230,634 | $14,377,424 | $14,681,190 | 66.04 % |
| 2022 | Group Limited Benefit | 1.31% | $3,823,576 | $3,826,748 | $2,179,539 | $2,225,589 | 58.16 % |
| 2022 | Total Life | 2.10% | $300,862,947 | $0 | $80,263,422 | $0 | N/A |
| 2022 | Total Individual Life | 0.32% | $31,354,053 | $0 | $33,594,266 | $0 | N/A |
| 2022 | Individual Whole Life | 0.13% | $1,090,753 | $0 | $3,577,121 | $0 | N/A |
| 2022 | Individual Term Life | 0.07% | $463,352 | $0 | $19,424 | $0 | N/A |
| 2022 | Individual Universal Life | 1.91% | $14,894,736 | $0 | $3,929,535 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.02% | $397,857 | $0 | $11,467,546 | $0 | N/A |
| 2022 | Individual Variable Annuities | 0.71% | $13,934,881 | $0 | $11,472,338 | $0 | N/A |
| 2022 | Individual Equity Indexed Annuities | 0.03% | $572,474 | $0 | $180,601 | $0 | N/A |
| 2022 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $2,947,701 | $0 | N/A |
| 2022 | Total Group Life | 6.00% | $269,508,894 | $0 | $46,669,156 | $0 | N/A |
| 2022 | Group Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2022 | Group Term Life | 2.40% | $13,195,043 | $0 | $13,251,619 | $0 | N/A |
| 2022 | Group Universal Life | 0.52% | $615,975 | $0 | $189,226 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 2.61% | $42,170,398 | $0 | $33,139,547 | $0 | N/A |
| 2022 | Group Variable Annuities | 0.00% | $0 | $0 | $88,764 | $0 | N/A |
| 2022 | Group Deposit-Type Funds | 38.39% | $212,722,357 | $0 | $0 | $0 | N/A |
| 2022 | Group Other Considerations | 0.07% | $805,121 | $0 | $0 | $0 | N/A |
| 2021 | Total Accident & Health | 0.40% | $48,453,190 | $46,135,808 | $28,257,193 | $33,885,927 | 73.45 % |
| 2021 | Total Individual Accident & Health | 0.24% | $11,048,299 | $8,721,048 | $2,869,592 | $8,168,773 | 93.67 % |
| 2021 | Individual Long Term Care | 0.07% | $152,458 | $120,344 | $39,598 | $42,723 | 35.50 % |
| 2021 | Individual Disability Income | 9.67% | $10,895,841 | $8,600,704 | $2,829,994 | $8,126,050 | 94.48 % |
| 2021 | Total Group Accident & Health | 0.49% | $37,404,891 | $37,414,760 | $25,387,601 | $25,717,154 | 68.74 % |
| 2021 | Group Medicare Supplement | 0.39% | $905,382 | $905,246 | $659,792 | $655,533 | 72.41 % |
| 2021 | Group Long Term Care | 0.06% | $21,944 | $42,709 | $27,318 | $29,798 | 69.77 % |
| 2021 | Group Specified Disease | 0.86% | $382,494 | $386,269 | $38,250 | $38,763 | 10.04 % |
| 2021 | Group Accident Only | 0.45% | $545,736 | $547,759 | $50,700 | $51,380 | 9.38 % |
| 2021 | Group Disability Income | 3.17% | $11,261,947 | $11,242,117 | $9,326,797 | $9,451,907 | 84.08 % |
| 2021 | Group Dental | 6.66% | $20,744,260 | $20,747,538 | $13,264,769 | $13,442,702 | 64.79 % |
| 2021 | Group Limited Benefit | 1.26% | $3,543,128 | $3,543,122 | $2,019,975 | $2,047,071 | 57.78 % |
| 2021 | Total Life | 2.32% | $284,421,360 | $0 | $85,961,966 | $0 | N/A |
| 2021 | Total Individual Life | 0.55% | $43,418,553 | $0 | $43,330,054 | $0 | N/A |
| 2021 | Individual Whole Life | 0.13% | $1,164,459 | $0 | $6,009,244 | $0 | N/A |
| 2021 | Individual Term Life | 0.08% | $506,604 | $0 | $1,440,452 | $0 | N/A |
| 2021 | Individual Universal Life | 2.39% | $19,058,529 | $0 | $10,579,059 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.13% | $2,046,527 | $0 | $11,506,039 | $0 | N/A |
| 2021 | Individual Variable Annuities | 0.81% | $18,310,150 | $0 | $10,798,027 | $0 | N/A |
| 2021 | Individual Equity Indexed Annuities | 0.07% | $971,341 | $0 | $127,267 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 1.49% | $1,360,943 | $0 | $2,869,966 | $0 | N/A |
| 2021 | Total Group Life | 5.48% | $241,002,807 | $0 | $42,631,912 | $0 | N/A |
| 2021 | Group Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2021 | Group Term Life | 2.08% | $12,609,671 | $0 | $12,525,724 | $0 | N/A |
| 2021 | Group Universal Life | 1.63% | $596,047 | $0 | $51,066 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 4.09% | $54,858,479 | $0 | $29,846,710 | $0 | N/A |
| 2021 | Group Variable Annuities | 0.00% | $0 | $0 | $208,412 | $0 | N/A |
| 2021 | Group Deposit-Type Funds | 29.46% | $172,913,360 | $0 | $0 | $0 | N/A |
| 2021 | Group Other Considerations | 0.00% | $25,250 | $0 | $0 | $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 |
|---|---|---|---|---|
| 2023 | Health | 0.46% | 8 | 80 |
| 2023 | Life and Annuities | 0.91% | 0 | 0 |
| 2023 | Long-Term Care Insurance | 0.07% | 0 | 0 |
| 2023 | Medicare Supplement Insurance | 0.09% | 0 | 0 |
| 2022 | Health | 0.59% | 7 | 54 |
| 2022 | Life and Annuities | 1.16% | 0 | 0 |
| 2022 | Long-Term Care Insurance | 0.07% | 0 | 0 |
| 2022 | Medicare Supplement Insurance | 0.11% | 0 | 0 |
| 2021 | Health | 0.57% | 9 | 64 |
| 2021 | Life and Annuities | 1.31% | 1 | 10 |
| 2021 | Long-Term Care Insurance | 0.07% | 0 | 0 |
| 2021 | Medicare Supplement Insurance | 0.14% | 0 | 0 |
Company Changes
Effective Date: 08/01/1998
Comments: Principal Mutual Life Insurance Co. changed its name to Principal Life Insurance Co.
Market Conduct
Date: 07/14/2020
Financial Exams
This company does not have any financial exams.