Company search
Company Details
PRINCIPAL LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
61271
Phone Number:
515-235-9192
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 |
|---|---|---|---|---|---|---|---|
| 2019 | Total Accident & Health | 0.07% | $45,530,354 | $62,183,071 | $25,185,382 | $29,426,894 | 47.32 % |
| 2019 | Total Individual Accident & Health | 0.05% | $9,740,654 | $7,478,944 | $2,592,184 | $6,384,799 | 85.37 % |
| 2019 | Individual Long Term Care | 0.04% | $171,984 | $132,051 | $45,768 | $42,732 | 32.36 % |
| 2019 | Individual Disability Income | 3.97% | $9,568,670 | $7,346,893 | $2,546,416 | $6,342,067 | 86.32 % |
| 2019 | Total Group Accident & Health | 0.08% | $35,789,700 | $54,704,127 | $22,593,198 | $23,042,095 | 42.12 % |
| 2019 | Group Medicare Supplement | 0.09% | $1,227,285 | $1,227,430 | $1,047,278 | $1,039,093 | 84.66 % |
| 2019 | Group Long Term Care | 0.02% | $17,166 | $39,887 | $39,877 | $40,927 | N/A |
| 2019 | Group Specified Disease | 0.17% | $168,818 | $168,818 | $11,000 | $11,233 | 6.65 % |
| 2019 | Group Accident Only | 0.08% | $247,597 | $247,597 | $44,625 | $45,571 | 18.41 % |
| 2019 | Group Disability Income | 2.25% | $13,246,187 | $32,240,724 | $8,658,413 | $8,842,013 | 27.42 % |
| 2019 | Group Dental | 1.65% | $18,152,612 | $18,075,253 | $11,318,812 | $11,558,826 | 63.95 % |
| 2019 | Group Limited Benefit | 0.41% | $2,730,035 | $2,704,418 | $1,473,193 | $1,504,432 | 55.63 % |
| 2019 | Total Life | 1.11% | $304,500,015 | $0 | $76,445,610 | $0 | N/A |
| 2019 | Total Individual Life | 0.37% | $60,578,249 | $0 | $38,974,844 | $0 | N/A |
| 2019 | Individual Whole Life | 0.11% | $1,405,274 | $0 | $3,926,299 | $0 | N/A |
| 2019 | Individual Term Life | 0.05% | $586,056 | $0 | $285,024 | $0 | N/A |
| 2019 | Individual Universal Life | 0.84% | $12,376,066 | $0 | $10,264,196 | $0 | N/A |
| 2019 | Individual Ordinary Annuities | 1.29% | $29,432,103 | $0 | $11,674,903 | $0 | N/A |
| 2019 | Individual Variable Annuities | 0.23% | $11,909,393 | $0 | $9,964,070 | $0 | N/A |
| 2019 | Individual Equity Indexed Annuities | 0.06% | $2,683,025 | $0 | $186,914 | $0 | N/A |
| 2019 | Individual Deposit-Type Funds | 1.28% | $2,186,332 | $0 | $2,673,438 | $0 | N/A |
| 2019 | Total Group Life | 2.23% | $243,921,766 | $0 | $37,470,766 | $0 | N/A |
| 2019 | Group Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2019 | Group Term Life | 1.20% | $14,036,747 | $0 | $11,723,197 | $0 | N/A |
| 2019 | Group Universal Life | 0.49% | $647,698 | $0 | $846,023 | $0 | N/A |
| 2019 | Group Ordinary Annuities | 1.32% | $37,173,117 | $0 | $24,732,871 | $0 | N/A |
| 2019 | Group Variable Annuities | 0.00% | $0 | $0 | $168,675 | $0 | N/A |
| 2019 | Group Deposit-Type Funds | 23.80% | $192,064,204 | $0 | $0 | $0 | N/A |
| 2019 | Group Other Considerations | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2018 | Total Accident & Health | 0.07% | $44,618,742 | $58,977,904 | $24,654,037 | $26,338,794 | 44.66 % |
| 2018 | Total Individual Accident & Health | 0.05% | $9,148,129 | $6,966,897 | $2,688,536 | $3,739,543 | 53.68 % |
| 2018 | Individual Long Term Care | 0.03% | $145,906 | $111,117 | $42,880 | $49,643 | 44.68 % |
| 2018 | Individual Disability Income | 4.01% | $9,002,223 | $6,855,780 | $2,645,656 | $3,689,900 | 53.82 % |
| 2018 | Total Group Accident & Health | 0.08% | $35,470,613 | $52,011,007 | $21,965,501 | $22,599,251 | 43.45 % |
| 2018 | Group Medicare Supplement | 0.09% | $1,363,868 | $1,363,836 | $1,118,645 | $1,114,932 | 81.75 % |
| 2018 | Group Long Term Care | 0.02% | $17,871 | $21,862 | $38,477 | $39,137 | N/A |
| 2018 | Group Specified Disease | 0.07% | $63,220 | $63,220 | $10,100 | $10,409 | 16.46 % |
| 2018 | Group Accident Only | 0.03% | $83,516 | $83,516 | $14,350 | $14,789 | 17.71 % |
| 2018 | Group Disability Income | 2.42% | $14,777,319 | $31,621,580 | $9,173,594 | $9,454,335 | 29.90 % |
| 2018 | Group Dental | 1.85% | $16,848,039 | $16,582,309 | $10,439,256 | $10,758,731 | 64.88 % |
| 2018 | Group Limited Benefit | 0.37% | $2,316,780 | $2,274,684 | $1,171,079 | $1,206,918 | 53.06 % |
| 2018 | Total Life | 0.82% | $281,687,903 | $0 | $76,074,001 | $0 | N/A |
| 2018 | Total Individual Life | 0.42% | $62,924,379 | $0 | $39,849,270 | $0 | N/A |
| 2018 | Individual Whole Life | 0.12% | $1,530,978 | $0 | $4,142,122 | $0 | N/A |
| 2018 | Individual Term Life | 0.06% | $636,159 | $0 | $5,668 | $0 | N/A |
| 2018 | Individual Universal Life | 0.81% | $12,595,001 | $0 | $12,238,474 | $0 | N/A |
| 2018 | Individual Ordinary Annuities | 2.06% | $34,798,941 | $0 | $12,438,340 | $0 | N/A |
| 2018 | Individual Variable Annuities | 0.23% | $8,789,773 | $0 | $8,838,209 | $0 | N/A |
| 2018 | Individual Equity Indexed Annuities | 0.02% | $1,060,554 | $0 | $201,677 | $0 | N/A |
| 2018 | Individual Deposit-Type Funds | 2.36% | $3,512,973 | $0 | $1,984,780 | $0 | N/A |
| 2018 | Total Group Life | 1.13% | $218,763,524 | $0 | $36,224,731 | $0 | N/A |
| 2018 | Group Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2018 | Group Term Life | 1.13% | $13,372,885 | $0 | $12,069,540 | $0 | N/A |
| 2018 | Group Universal Life | 0.84% | $673,080 | $0 | $276,012 | $0 | N/A |
| 2018 | Group Ordinary Annuities | 0.14% | $3,107,895 | $0 | $23,703,806 | $0 | N/A |
| 2018 | Group Variable Annuities | 0.00% | $0 | $0 | $175,373 | $0 | N/A |
| 2018 | Group Deposit-Type Funds | 22.16% | $201,609,664 | $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 |
|---|---|---|---|---|
| 2019 | Long-Term Care Insurance | 0.07% | 1 | 718 |
| 2019 | Medicare Supplement Insurance | 0.16% | 1 | 441 |
| 2019 | Health | 0.43% | 15 | 89 |
| 2019 | Life and Annuities | 1.70% | 2 | 12 |
| 2018 | Health | 0.44% | 19 | 106 |
| 2018 | Life and Annuities | 1.61% | 1 | 6 |
| 2018 | Long-Term Care Insurance | 0.06% | 1 | 810 |
| 2018 | Medicare Supplement Insurance | 0.18% | 1 | 377 |
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.