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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 Earned | Direct Premium Written | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2018 | Total Accident & Health | 0.04% | $44,618,742 | $58,977,904 | $24,654,037 | $26,338,794 | 44.66 % |
| 2018 | Total Individual Accident & Health | 0.03% | $9,148,129 | $6,966,897 | $2,688,536 | $3,739,543 | 53.68 % |
| 2018 | Individual Long Term Care | 0.02% | $145,906 | $111,117 | $42,880 | $49,643 | 44.68 % |
| 2018 | Individual Disability Income | 2.09% | $9,002,223 | $6,855,780 | $2,645,656 | $3,689,900 | 53.82 % |
| 2018 | Total Group Accident & Health | 0.04% | $35,470,613 | $52,011,007 | $21,965,501 | $22,599,251 | 43.45 % |
| 2018 | Group Medicare Supplement | 0.05% | $1,363,868 | $1,363,836 | $1,118,645 | $1,114,932 | 81.75 % |
| 2018 | Group Long Term Care | 0.01% | $17,871 | $21,862 | $38,477 | $39,137 | N/A |
| 2018 | Group Specified Disease | 0.04% | $63,220 | $63,220 | $10,100 | $10,409 | 16.46 % |
| 2018 | Group Accident Only | 0.01% | $83,516 | $83,516 | $14,350 | $14,789 | 17.71 % |
| 2018 | Group Disability Income | 1.34% | $14,777,319 | $31,621,580 | $9,173,594 | $9,454,335 | 29.90 % |
| 2018 | Group Dental | 0.98% | $16,848,039 | $16,582,309 | $10,439,256 | $10,758,731 | 64.88 % |
| 2018 | Group Limited Benefit | 0.24% | $2,316,780 | $2,274,684 | $1,171,079 | $1,206,918 | 53.06 % |
| 2018 | Total Life | 0.44% | $281,687,903 | $0 | $76,074,001 | $0 | N/A |
| 2018 | Total Individual Life | 0.22% | $62,924,379 | $0 | $39,849,270 | $0 | N/A |
| 2018 | Individual Whole Life | 0.06% | $1,530,978 | $0 | $4,142,122 | $0 | N/A |
| 2018 | Individual Term Life | 0.03% | $636,159 | $0 | $5,668 | $0 | N/A |
| 2018 | Individual Universal Life | 0.44% | $12,595,001 | $0 | $12,238,474 | $0 | N/A |
| 2018 | Individual Ordinary Annuities | 1.10% | $34,798,941 | $0 | $12,438,340 | $0 | N/A |
| 2018 | Individual Variable Annuities | 0.12% | $8,789,773 | $0 | $8,838,209 | $0 | N/A |
| 2018 | Individual Equity Indexed Annuities | 0.01% | $1,060,554 | $0 | $201,677 | $0 | N/A |
| 2018 | Individual Deposit-Type Funds | 1.24% | $3,512,973 | $0 | $1,984,780 | $0 | N/A |
| 2018 | Total Group Life | 0.61% | $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 | 0.61% | $13,372,885 | $0 | $12,069,540 | $0 | N/A |
| 2018 | Group Universal Life | 0.44% | $673,080 | $0 | $276,012 | $0 | N/A |
| 2018 | Group Ordinary Annuities | 0.07% | $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 | 14.26% | $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 | 4.13% | $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 | 2.27% | $12,127,281 | $11,906,309 | $7,584,345 | $7,622,312 | 64.02 % |
| 2017 | Group Dental | 1.92% | $14,799,450 | $14,852,445 | $9,547,466 | $9,595,262 | 64.60 % |
| 2017 | Group Limited Benefit | 0.37% | $1,683,623 | $1,691,685 | $804,581 | $808,608 | 47.80 % |
| 2017 | Total Life | 1.87% | $391,997,334 | $0 | $68,066,123 | $0 | N/A |
| 2017 | Total Individual Life | 0.48% | $63,028,222 | $0 | $33,921,299 | $0 | N/A |
| 2017 | Individual Whole Life | 0.15% | $1,707,138 | $0 | $7,378,167 | $0 | N/A |
| 2017 | Individual Term Life | 0.07% | $666,923 | $0 | $1,359,182 | $0 | N/A |
| 2017 | Individual Universal Life | 0.99% | $13,973,607 | $0 | $3,374,267 | $0 | N/A |
| 2017 | Individual Ordinary Annuities | 1.61% | $21,858,785 | $0 | $11,428,730 | $0 | N/A |
| 2017 | Individual Variable Annuities | 0.56% | $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 | 3.22% | $4,663,650 | $0 | $1,984,780 | $0 | N/A |
| 2017 | Total Group Life | 4.17% | $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 | 1.11% | $11,778,953 | $0 | $13,124,628 | $0 | N/A |
| 2017 | Group Universal Life | 0.50% | $725,081 | $0 | $59,127 | $0 | N/A |
| 2017 | Group Ordinary Annuities | 7.89% | $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 | 16.24% | $107,824,921 | $0 | $0 | $0 | N/A |
| 2017 | Group Other Considerations | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2016 | Total Accident & Health | 0.06% | $35,530,678 | $33,341,897 | $18,252,800 | $21,157,077 | 63.45 % |
| 2016 | Total Individual Accident & Health | 0.04% | $8,201,977 | $6,118,419 | $1,815,825 | $4,564,926 | 74.61 % |
| 2016 | Individual Long Term Care | 0.02% | $111,680 | $83,310 | $24,725 | $12,157 | 14.59 % |
| 2016 | Individual Disability Income | 3.99% | $8,090,297 | $6,035,109 | $1,791,100 | $4,552,769 | 75.44 % |
| 2016 | Total Group Accident & Health | 0.08% | $27,328,701 | $27,223,478 | $16,436,975 | $16,592,151 | 60.95 % |
| 2016 | Group Comprehensive Medical Expense - Small Employer | 0.00% | $0 | $0 | $-4,650 | $-4,723 | N/A |
| 2016 | Group Medicare Supplement | 0.13% | $1,574,775 | $1,574,775 | $1,371,179 | $1,363,986 | 86.61 % |
| 2016 | Group Long Term Care | 0.02% | $18,056 | $20,492 | $73,128 | $74,931 | N/A |
| 2016 | Group Specified Disease | 0.01% | $8,948 | $8,948 | $50 | $50 | 0.56 % |
| 2016 | Group Disability Income | 2.15% | $11,201,210 | $11,170,514 | $5,663,247 | $5,752,202 | 51.49 % |
| 2016 | Group Dental | 1.72% | $13,297,775 | $13,235,277 | $8,780,858 | $8,843,853 | 66.82 % |
| 2016 | Group Limited Benefit | 0.29% | $1,227,937 | $1,213,472 | $553,163 | $561,852 | 46.30 % |
| 2016 | Total Life | 1.44% | $328,829,331 | $0 | $59,105,254 | $0 | N/A |
| 2016 | Total Individual Life | 0.44% | $66,336,987 | $0 | $32,996,746 | $0 | N/A |
| 2016 | Individual Whole Life | 0.52% | $5,971,655 | $0 | $8,217,010 | $0 | N/A |
| 2016 | Individual Term Life | 0.07% | $715,813 | $0 | $208,255 | $0 | N/A |
| 2016 | Individual Universal Life | 0.34% | $4,847,323 | $0 | $3,083,022 | $0 | N/A |
| 2016 | Individual Ordinary Annuities | 1.82% | $26,501,475 | $0 | $6,342,468 | $0 | N/A |
| 2016 | Individual Variable Annuities | 0.43% | $22,616,283 | $0 | $7,093,392 | $0 | N/A |
| 2016 | Individual Equity Indexed Annuities | 0.06% | $2,451,219 | $0 | $237,254 | $0 | N/A |
| 2016 | Individual Deposit-Type Funds | 2.01% | $3,233,219 | $0 | $7,815,345 | $0 | N/A |
| 2016 | Total Group Life | 3.42% | $262,492,344 | $0 | $26,108,508 | $0 | N/A |
| 2016 | Group Whole Life | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2016 | Group Term Life | 1.43% | $13,124,672 | $0 | $9,675,441 | $0 | N/A |
| 2016 | Group Universal Life | 0.80% | $752,314 | $0 | $592,267 | $0 | N/A |
| 2016 | Group Ordinary Annuities | 0.00% | $-19,265 | $0 | $15,687,461 | $0 | N/A |
| 2016 | Group Variable Annuities | 0.00% | $0 | $0 | $153,339 | $0 | N/A |
| 2016 | Group Deposit-Type Funds | 28.49% | $248,634,623 | $0 | $0 | $0 | N/A |
| 2016 | 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.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 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 |
| 2017 | Medicare Supplement Insurance | 0.20% | 1 | 323 |
| 2017 | Health | 0.41% | 20 | 110 |
| 2017 | Life and Annuities | 1.82% | 2 | 10 |
| 2017 | Long-Term Care Insurance | 0.06% | 0 | 0 |
| 2016 | Health | 0.40% | 23 | 122 |
| 2016 | Life and Annuities | 1.03% | 2 | 17 |
| 2016 | Long-Term Care Insurance | 0.05% | 0 | 0 |
| 2016 | Medicare Supplement Insurance | 0.23% | 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
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.