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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 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 | 4.39% | $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 | 0.06% | $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 | 0.31% | $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 | 1.93% | $13,831,759 | $32,798,477 | $8,673,180 | $8,457,253 | 25.79 % |
2020 | Group Dental | 1.39% | $18,157,780 | $18,925,675 | $10,843,172 | $10,573,222 | 55.87 % |
2020 | Group Limited Benefit | 0.41% | $3,050,067 | $3,043,821 | $1,586,108 | $1,546,620 | 50.81 % |
2020 | Total Life | 0.84% | $348,828,792 | $0 | $81,074,330 | $0 | N/A |
2020 | Total Individual Life | 0.25% | $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 | 1.47% | $24,799,355 | $0 | $5,599,914 | $0 | N/A |
2020 | Individual Ordinary Annuities | 0.44% | $10,191,832 | $0 | $13,902,167 | $0 | N/A |
2020 | Individual Variable Annuities | 0.12% | $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 | 1.32% | $1,907,242 | $0 | $2,876,813 | $0 | N/A |
2020 | Total Group Life | 1.41% | $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 | 1.08% | $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 | 3.83% | $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 | 22.92% | $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 | 3.83% | $9,568,670 | $7,346,893 | $2,546,416 | $6,342,067 | 86.32 % |
2019 | Total Group Accident & Health | 0.07% | $35,789,700 | $54,704,127 | $22,593,198 | $23,042,095 | 42.12 % |
2019 | Group Medicare Supplement | 0.07% | $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 | 2.01% | $13,246,187 | $32,240,724 | $8,658,413 | $8,842,013 | 27.42 % |
2019 | Group Dental | 1.33% | $18,152,612 | $18,075,253 | $11,318,812 | $11,558,826 | 63.95 % |
2019 | Group Limited Benefit | 0.37% | $2,730,035 | $2,704,418 | $1,473,193 | $1,504,432 | 55.63 % |
2019 | Total Life | 1.00% | $304,500,015 | $0 | $76,445,610 | $0 | N/A |
2019 | Total Individual Life | 0.33% | $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 | 0.77% | $12,376,066 | $0 | $10,264,196 | $0 | N/A |
2019 | Individual Ordinary Annuities | 1.24% | $29,432,103 | $0 | $11,674,903 | $0 | N/A |
2019 | Individual Variable Annuities | 0.19% | $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 | 1.23% | $2,186,332 | $0 | $2,673,438 | $0 | N/A |
2019 | Total Group Life | 2.00% | $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 | 1.05% | $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 | 1.29% | $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 | 23.70% | $192,064,204 | $0 | $0 | $0 | N/A |
2019 | 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 |
---|---|---|---|---|
2021 | Health | 0.52% | 9 | 64 |
2021 | Life and Annuities | 1.31% | 1 | 10 |
2021 | Long-Term Care Insurance | 0.07% | 0 | 0 |
2021 | Medicare Supplement Insurance | 0.13% | 0 | 0 |
2020 | Long-Term Care Insurance | 0.07% | 1 | 762 |
2020 | Medicare Supplement Insurance | 0.16% | 0 | 0 |
2020 | Health | 0.51% | 12 | 75 |
2020 | Life and Annuities | 1.24% | 1 | 10 |
2019 | Health | 0.47% | 15 | 89 |
2019 | Life and Annuities | 1.71% | 2 | 12 |
2019 | Long-Term Care Insurance | 0.07% | 1 | 718 |
2019 | Medicare Supplement Insurance | 0.16% | 1 | 441 |
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.