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
2020 Total Accident & Health 0.07% $47,211,236 $64,672,589 $24,598,371 $20,406,757 31.55 %
2020 Total Individual Accident & Health 0.05% $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 4.41% $10,197,785 $7,993,979 $2,475,773 $-1,057,182 -13.22 %
2020 Total Group Accident & Health 0.08% $36,851,445 $56,551,615 $22,083,267 $21,551,846 38.11 %
2020 Group Medicare Supplement 0.08% $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 0.31% $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 1.95% $13,831,759 $32,798,477 $8,673,180 $8,457,253 25.79 %
2020 Group Dental 1.49% $18,157,780 $18,925,675 $10,843,172 $10,573,222 55.87 %
2020 Group Limited Benefit 0.42% $3,050,067 $3,043,821 $1,586,108 $1,546,620 50.81 %
2020 Total Life 0.86% $348,828,792 $0 $81,074,330 $0 N/A
2020 Total Individual Life 0.26% $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 0.05% $569,215 $0 $0 $0 N/A
2020 Individual Universal Life 1.49% $24,799,355 $0 $5,599,914 $0 N/A
2020 Individual Ordinary Annuities 0.45% $10,191,832 $0 $13,902,167 $0 N/A
2020 Individual Variable Annuities 0.13% $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 1.36% $1,907,242 $0 $2,876,813 $0 N/A
2020 Total Group Life 1.42% $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 1.09% $14,914,538 $0 $15,338,548 $0 N/A
2020 Group Universal Life 0.72% $643,026 $0 $728,822 $0 N/A
2020 Group Ordinary Annuities 3.83% $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 22.95% $188,433,208 $0 $0 $0 N/A
2020 Group Other Considerations 0.00% $24,919 $0 $0 $0 N/A
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 0.03% $171,984 $132,051 $45,768 $42,732 32.36 %
2019 Individual Disability Income 3.84% $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 0.01% $17,166 $39,887 $39,877 $40,927 N/A
2019 Group Specified Disease 0.16% $168,818 $168,818 $11,000 $11,233 6.65 %
2019 Group Accident Only 0.07% $247,597 $247,597 $44,625 $45,571 18.41 %
2019 Group Disability Income 2.03% $13,246,187 $32,240,724 $8,658,413 $8,842,013 27.42 %
2019 Group Dental 1.41% $18,152,612 $18,075,253 $11,318,812 $11,558,826 63.95 %
2019 Group Limited Benefit 0.38% $2,730,035 $2,704,418 $1,473,193 $1,504,432 55.63 %
2019 Total Life 1.04% $304,500,015 $0 $76,445,610 $0 N/A
2019 Total Individual Life 0.35% $60,578,249 $0 $38,974,844 $0 N/A
2019 Individual Whole Life 0.10% $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 0.79% $12,376,066 $0 $10,264,196 $0 N/A
2019 Individual Ordinary Annuities 1.27% $29,432,103 $0 $11,674,903 $0 N/A
2019 Individual Variable Annuities 0.21% $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 2.03% $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 1.06% $14,036,747 $0 $11,723,197 $0 N/A
2019 Group Universal Life 0.31% $647,698 $0 $846,023 $0 N/A
2019 Group Ordinary Annuities 1.31% $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 23.74% $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 3.87% $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 0.01% $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 0.02% $83,516 $83,516 $14,350 $14,789 17.71 %
2018 Group Disability Income 2.18% $14,777,319 $31,621,580 $9,173,594 $9,454,335 29.90 %
2018 Group Dental 1.58% $16,848,039 $16,582,309 $10,439,256 $10,758,731 64.88 %
2018 Group Limited Benefit 0.36% $2,316,780 $2,274,684 $1,171,079 $1,206,918 53.06 %
2018 Total Life 0.75% $281,687,903 $0 $76,074,001 $0 N/A
2018 Total Individual Life 0.40% $62,924,379 $0 $39,849,270 $0 N/A
2018 Individual Whole Life 0.11% $1,530,978 $0 $4,142,122 $0 N/A
2018 Individual Term Life 0.05% $636,159 $0 $5,668 $0 N/A
2018 Individual Universal Life 0.73% $12,595,001 $0 $12,238,474 $0 N/A
2018 Individual Ordinary Annuities 1.99% $34,798,941 $0 $12,438,340 $0 N/A
2018 Individual Variable Annuities 0.21% $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 2.35% $3,512,973 $0 $1,984,780 $0 N/A
2018 Total Group Life 0.99% $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 0.96% $13,372,885 $0 $12,069,540 $0 N/A
2018 Group Universal Life 0.71% $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 22.14% $201,609,664 $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
2020 Health 0.51% 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
2019 Medicare Supplement Insurance 0.16% 1 441
2019 Health 0.47% 15 89
2019 Life and Annuities 1.71% 2 12
2019 Long-Term Care Insurance 0.07% 1 718
2018 Health 0.47% 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

PLICRSA720.pdf


Financial Exams

This company does not have any financial exams.