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 0.08% $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 0.09% $35,789,700 $54,704,127 $22,593,198 $23,042,095 42.12 %
2019 Group Medicare Supplement 0.10% $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 2.32% $13,246,187 $32,240,724 $8,658,413 $8,842,013 27.42 %
2019 Group Dental 1.70% $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 1.13% $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 0.86% $12,376,066 $0 $10,264,196 $0 N/A
2019 Individual Ordinary Annuities 1.30% $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 2.30% $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 1.22% $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 23.83% $192,064,204 $0 $0 $0 N/A
2019 Group Other Considerations 0.00% $0 $0 $0 $0 N/A
2018 Total Accident & Health 0.08% $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 0.09% $35,470,613 $52,011,007 $21,965,501 $22,599,251 43.45 %
2018 Group Medicare Supplement 0.11% $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 2.46% $14,777,319 $31,621,580 $9,173,594 $9,454,335 29.90 %
2018 Group Dental 1.89% $16,848,039 $16,582,309 $10,439,256 $10,758,731 64.88 %
2018 Group Limited Benefit 0.38% $2,316,780 $2,274,684 $1,171,079 $1,206,918 53.06 %
2018 Total Life 0.85% $281,687,903 $0 $76,074,001 $0 N/A
2018 Total Individual Life 0.43% $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 0.83% $12,595,001 $0 $12,238,474 $0 N/A
2018 Individual Ordinary Annuities 2.07% $34,798,941 $0 $12,438,340 $0 N/A
2018 Individual Variable Annuities 0.24% $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 2.38% $3,512,973 $0 $1,984,780 $0 N/A
2018 Total Group Life 1.20% $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 1.15% $13,372,885 $0 $12,069,540 $0 N/A
2018 Group Universal Life 0.86% $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 22.19% $201,609,664 $0 $0 $0 N/A
2017 Total Accident & Health 0.07% $38,941,918 $36,564,489 $21,800,917 $20,671,498 56.53 %
2017 Total Individual Accident & Health 0.04% $8,813,638 $6,594,493 $2,540,590 $1,471,118 22.31 %
2017 Individual Long Term Care 0.03% $138,188 $103,394 $39,834 $13,066 12.64 %
2017 Individual Disability Income 3.96% $8,675,450 $6,491,099 $2,500,756 $1,458,052 22.46 %
2017 Total Group Accident & Health 0.08% $30,128,280 $29,969,996 $19,260,327 $19,200,380 64.07 %
2017 Group Comprehensive Medical Expense - Small Employer 0.00% $0 $0 $-86 $-87 N/A
2017 Group Medicare Supplement 0.12% $1,486,187 $1,486,030 $1,294,548 $1,150,452 77.42 %
2017 Group Long Term Care 0.02% $19,149 $20,937 $29,423 $23,783 N/A
2017 Group Specified Disease 0.01% $12,051 $12,051 $50 $50 0.41 %
2017 Group Accident Only 0.00% $539 $539 $0 $0 0.00 %
2017 Group Disability Income 2.09% $12,127,281 $11,906,309 $7,584,345 $7,622,312 64.02 %
2017 Group Dental 1.84% $14,799,450 $14,852,445 $9,547,466 $9,595,262 64.60 %
2017 Group Limited Benefit 0.29% $1,683,623 $1,691,685 $804,581 $808,608 47.80 %
2017 Total Life 1.77% $391,997,334 $0 $68,066,123 $0 N/A
2017 Total Individual Life 0.46% $63,028,222 $0 $33,921,299 $0 N/A
2017 Individual Whole Life 0.14% $1,707,138 $0 $7,378,167 $0 N/A
2017 Individual Term Life 0.06% $666,923 $0 $1,359,182 $0 N/A
2017 Individual Universal Life 0.93% $13,973,607 $0 $3,374,267 $0 N/A
2017 Individual Ordinary Annuities 1.49% $21,858,785 $0 $11,428,730 $0 N/A
2017 Individual Variable Annuities 0.53% $19,373,664 $0 $8,320,578 $0 N/A
2017 Individual Equity Indexed Annuities 0.02% $784,455 $0 $75,595 $0 N/A
2017 Individual Deposit-Type Funds 3.04% $4,663,650 $0 $1,984,780 $0 N/A
2017 Total Group Life 3.95% $328,969,112 $0 $34,144,824 $0 N/A
2017 Group Whole Life 0.00% $0 $0 $0 $0 N/A
2017 Group Term Life 1.05% $11,778,953 $0 $13,124,628 $0 N/A
2017 Group Universal Life 0.49% $725,081 $0 $59,127 $0 N/A
2017 Group Ordinary Annuities 7.28% $208,640,157 $0 $20,778,029 $0 N/A
2017 Group Variable Annuities 0.00% $0 $0 $183,040 $0 N/A
2017 Group Deposit-Type Funds 13.97% $107,824,921 $0 $0 $0 N/A
2017 Group Other Considerations 0.00% $0 $0 $0 $0 N/A

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2019 Health 0.43% 15 89
2019 Life and Annuities 1.70% 2 12
2019 Long-Term Care Insurance 0.07% 1 718
2019 Medicare Supplement Insurance 0.16% 1 441
2018 Long-Term Care Insurance 0.06% 1 810
2018 Medicare Supplement Insurance 0.18% 1 377
2018 Health 0.44% 19 106
2018 Life and Annuities 1.61% 1 6
2017 Health 0.41% 20 110
2017 Life and Annuities 1.82% 2 10
2017 Long-Term Care Insurance 0.06% 0 0
2017 Medicare Supplement Insurance 0.20% 1 323


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

PLICRSA720.pdf


Financial Exams

This company does not have any financial exams.