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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 |
|---|---|---|---|---|---|---|---|
| 2022 | Total Accident & Health | 0.08% | $51,519,879 | $49,138,828 | $28,087,902 | $28,077,581 | 57.14 % |
| 2022 | Total Individual Accident & Health | 0.06% | $11,535,285 | $9,110,080 | $2,740,261 | $2,262,736 | 24.84 % |
| 2022 | Individual Long Term Care | 0.03% | $160,543 | $126,790 | $38,138 | $31,492 | 24.84 % |
| 2022 | Individual Disability Income | 5.03% | $11,374,742 | $8,983,290 | $2,702,123 | $2,231,244 | 24.84 % |
| 2022 | Total Group Accident & Health | 0.09% | $39,984,594 | $40,028,748 | $25,347,641 | $25,814,845 | 64.49 % |
| 2022 | Group Medicare Supplement | 0.03% | $748,645 | $748,779 | $736,816 | $685,516 | 91.55 % |
| 2022 | Group Long Term Care | 0.01% | $17,076 | $44,733 | $49,841 | $49,420 | N/A |
| 2022 | Group Specified Disease | 0.41% | $407,458 | $408,680 | $38,200 | $39,007 | 9.54 % |
| 2022 | Group Accident Only | 0.15% | $633,804 | $635,209 | $76,825 | $78,448 | 12.35 % |
| 2022 | Group Disability Income | 1.46% | $12,128,820 | $12,133,965 | $7,888,996 | $8,055,675 | 66.39 % |
| 2022 | Group Dental | 1.61% | $22,225,215 | $22,230,634 | $14,377,424 | $14,681,190 | 66.04 % |
| 2022 | Group Limited Benefit | 0.40% | $3,823,576 | $3,826,748 | $2,179,539 | $2,225,589 | 58.16 % |
| 2022 | Total Life | 0.76% | $300,862,947 | $0 | $80,263,422 | $0 | N/A |
| 2022 | Total Individual Life | 0.12% | $31,354,053 | $0 | $33,594,266 | $0 | N/A |
| 2022 | Individual Whole Life | 0.07% | $1,090,753 | $0 | $3,577,121 | $0 | N/A |
| 2022 | Individual Term Life | 0.03% | $463,352 | $0 | $19,424 | $0 | N/A |
| 2022 | Individual Universal Life | 0.82% | $14,894,736 | $0 | $3,929,535 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.01% | $397,857 | $0 | $11,467,546 | $0 | N/A |
| 2022 | Individual Variable Annuities | 0.18% | $13,934,881 | $0 | $11,472,338 | $0 | N/A |
| 2022 | Individual Equity Indexed Annuities | 0.01% | $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 | 1.88% | $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 | 0.88% | $13,195,043 | $0 | $13,251,619 | $0 | N/A |
| 2022 | Group Universal Life | 0.13% | $615,975 | $0 | $189,226 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 1.12% | $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 | 23.14% | $212,722,357 | $0 | $0 | $0 | N/A |
| 2022 | Group Other Considerations | 0.01% | $805,121 | $0 | $0 | $0 | N/A |
| 2021 | Total Accident & Health | 0.06% | $48,453,190 | $46,135,808 | $28,257,193 | $33,885,927 | 73.45 % |
| 2021 | Total Individual Accident & Health | 0.05% | $11,048,299 | $8,721,048 | $2,869,592 | $8,168,773 | 93.67 % |
| 2021 | Individual Long Term Care | 0.03% | $152,458 | $120,344 | $39,598 | $42,723 | 35.50 % |
| 2021 | Individual Disability Income | 4.68% | $10,895,841 | $8,600,704 | $2,829,994 | $8,126,050 | 94.48 % |
| 2021 | Total Group Accident & Health | 0.07% | $37,404,891 | $37,414,760 | $25,387,601 | $25,717,154 | 68.74 % |
| 2021 | Group Medicare Supplement | 0.05% | $905,382 | $905,246 | $659,792 | $655,533 | 72.41 % |
| 2021 | Group Long Term Care | 0.02% | $21,944 | $42,709 | $27,318 | $29,798 | 69.77 % |
| 2021 | Group Specified Disease | 0.37% | $382,494 | $386,269 | $38,250 | $38,763 | 10.04 % |
| 2021 | Group Accident Only | 0.15% | $545,736 | $547,759 | $50,700 | $51,380 | 9.38 % |
| 2021 | Group Disability Income | 1.48% | $11,261,947 | $11,242,117 | $9,326,797 | $9,451,907 | 84.08 % |
| 2021 | Group Dental | 1.41% | $20,744,260 | $20,747,538 | $13,264,769 | $13,442,702 | 64.79 % |
| 2021 | Group Limited Benefit | 0.39% | $3,543,128 | $3,543,122 | $2,019,975 | $2,047,071 | 57.78 % |
| 2021 | Total Life | 0.81% | $284,421,360 | $0 | $85,961,966 | $0 | N/A |
| 2021 | Total Individual Life | 0.20% | $43,418,553 | $0 | $43,330,054 | $0 | N/A |
| 2021 | Individual Whole Life | 0.07% | $1,164,459 | $0 | $6,009,244 | $0 | N/A |
| 2021 | Individual Term Life | 0.04% | $506,604 | $0 | $1,440,452 | $0 | N/A |
| 2021 | Individual Universal Life | 1.05% | $19,058,529 | $0 | $10,579,059 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.07% | $2,046,527 | $0 | $11,506,039 | $0 | N/A |
| 2021 | Individual Variable Annuities | 0.21% | $18,310,150 | $0 | $10,798,027 | $0 | N/A |
| 2021 | Individual Equity Indexed Annuities | 0.02% | $971,341 | $0 | $127,267 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 0.91% | $1,360,943 | $0 | $2,869,966 | $0 | N/A |
| 2021 | Total Group Life | 1.87% | $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 | 0.77% | $12,609,671 | $0 | $12,525,724 | $0 | N/A |
| 2021 | Group Universal Life | 0.43% | $596,047 | $0 | $51,066 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 1.86% | $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 | 18.88% | $172,913,360 | $0 | $0 | $0 | N/A |
| 2021 | Group Other Considerations | 0.00% | $25,250 | $0 | $0 | $0 | N/A |
| 2020 | Total Accident & Health | 0.06% | $47,211,236 | $64,672,589 | $24,598,371 | $20,406,757 | 31.55 % |
| 2020 | Total Individual Accident & Health | 0.04% | $10,359,791 | $8,120,974 | $2,515,104 | $-1,145,089 | -14.10 % |
| 2020 | Individual Long Term Care | 0.03% | $162,006 | $126,995 | $39,331 | $-87,907 | -69.22 % |
| 2020 | Individual Disability Income | 4.38% | $10,197,785 | $7,993,979 | $2,475,773 | $-1,057,182 | -13.22 % |
| 2020 | Total Group Accident & Health | 0.07% | $36,851,445 | $56,551,615 | $22,083,267 | $21,551,846 | 38.11 % |
| 2020 | Group Medicare Supplement | 0.06% | $1,092,377 | $1,092,181 | $807,584 | $806,159 | 73.81 % |
| 2020 | Group Long Term Care | 0.01% | $17,455 | $35,899 | $46,348 | $44,876 | N/A |
| 2020 | Group Specified Disease | 0.30% | $287,035 | $247,858 | $23,800 | $23,207 | 9.36 % |
| 2020 | Group Accident Only | 0.12% | $414,972 | $407,704 | $103,075 | $100,509 | 24.65 % |
| 2020 | Group Disability Income | 1.92% | $13,831,759 | $32,798,477 | $8,673,180 | $8,457,253 | 25.79 % |
| 2020 | Group Dental | 1.29% | $18,157,780 | $18,925,675 | $10,843,172 | $10,573,222 | 55.87 % |
| 2020 | Group Limited Benefit | 0.39% | $3,050,067 | $3,043,821 | $1,586,108 | $1,546,620 | 50.81 % |
| 2020 | Total Life | 0.81% | $348,828,792 | $0 | $81,074,330 | $0 | N/A |
| 2020 | Total Individual Life | 0.23% | $50,519,501 | $0 | $36,470,673 | $0 | N/A |
| 2020 | Individual Whole Life | 0.09% | $1,290,800 | $0 | $4,502,506 | $0 | N/A |
| 2020 | Individual Term Life | 0.04% | $569,215 | $0 | $0 | $0 | N/A |
| 2020 | Individual Universal Life | 1.45% | $24,799,355 | $0 | $5,599,914 | $0 | N/A |
| 2020 | Individual Ordinary Annuities | 0.43% | $10,191,832 | $0 | $13,902,167 | $0 | N/A |
| 2020 | Individual Variable Annuities | 0.11% | $10,972,967 | $0 | $9,205,375 | $0 | N/A |
| 2020 | Individual Equity Indexed Annuities | 0.02% | $788,090 | $0 | $383,898 | $0 | N/A |
| 2020 | Individual Deposit-Type Funds | 1.30% | $1,907,242 | $0 | $2,876,813 | $0 | N/A |
| 2020 | Total Group Life | 1.40% | $298,309,291 | $0 | $44,603,657 | $0 | N/A |
| 2020 | Group Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2020 | Group Term Life | 1.07% | $14,914,538 | $0 | $15,338,548 | $0 | N/A |
| 2020 | Group Universal Life | 0.71% | $643,026 | $0 | $728,822 | $0 | N/A |
| 2020 | Group Ordinary Annuities | 3.63% | $94,293,600 | $0 | $28,353,993 | $0 | N/A |
| 2020 | Group Variable Annuities | 0.00% | $0 | $0 | $182,294 | $0 | N/A |
| 2020 | Group Deposit-Type Funds | 20.31% | $188,433,208 | $0 | $0 | $0 | N/A |
| 2020 | Group Other Considerations | 0.00% | $24,919 | $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 |
|---|---|---|---|---|
| 2022 | Health | 0.51% | 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 | Long-Term Care Insurance | 0.07% | 0 | 0 |
| 2021 | Medicare Supplement Insurance | 0.13% | 0 | 0 |
| 2021 | Health | 0.48% | 9 | 64 |
| 2021 | Life and Annuities | 1.31% | 1 | 10 |
| 2020 | Health | 0.47% | 12 | 75 |
| 2020 | Life and Annuities | 1.24% | 1 | 10 |
| 2020 | Long-Term Care Insurance | 0.07% | 1 | 762 |
| 2020 | Medicare Supplement Insurance | 0.16% | 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.