Company Details

  PRINCIPAL LIFE INSURANCE COMPANY License Status :
Active

NAIC Number :

61271


Phone Number:

5152359192


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
2022 Total Accident & Health 0.08% $51,519,879 $49,138,828 $28,087,902 $28,077,581 57.14 %
2022 Total Individual Accident & Health 0.05% $11,535,285 $9,110,080 $2,740,261 $2,262,736 24.84 %
2022 Individual Long Term Care 0.03% $160,543 $126,790 $38,138 $31,492 24.84 %
2022 Individual Disability Income 5.02% $11,374,742 $8,983,290 $2,702,123 $2,231,244 24.84 %
2022 Total Group Accident & Health 0.09% $39,984,594 $40,028,748 $25,347,641 $25,814,845 64.49 %
2022 Group Medicare Supplement 0.03% $748,645 $748,779 $736,816 $685,516 91.55 %
2022 Group Long Term Care 0.01% $17,076 $44,733 $49,841 $49,420 N/A
2022 Group Specified Disease 0.41% $407,458 $408,680 $38,200 $39,007 9.54 %
2022 Group Accident Only 0.15% $633,804 $635,209 $76,825 $78,448 12.35 %
2022 Group Disability Income 1.45% $12,128,820 $12,133,965 $7,888,996 $8,055,675 66.39 %
2022 Group Dental 1.52% $22,225,215 $22,230,634 $14,377,424 $14,681,190 66.04 %
2022 Group Limited Benefit 0.39% $3,823,576 $3,826,748 $2,179,539 $2,225,589 58.16 %
2022 Total Life 0.75% $300,862,947 $0 $80,263,422 $0 N/A
2022 Total Individual Life 0.12% $31,354,053 $0 $33,594,266 $0 N/A
2022 Individual Whole Life 0.07% $1,090,753 $0 $3,577,121 $0 N/A
2022 Individual Term Life 0.03% $463,352 $0 $19,424 $0 N/A
2022 Individual Universal Life 0.81% $14,894,736 $0 $3,929,535 $0 N/A
2022 Individual Ordinary Annuities 0.01% $397,857 $0 $11,467,546 $0 N/A
2022 Individual Variable Annuities 0.18% $13,934,881 $0 $11,472,338 $0 N/A
2022 Individual Equity Indexed Annuities 0.01% $572,474 $0 $180,601 $0 N/A
2022 Individual Deposit-Type Funds 0.00% $0 $0 $2,947,701 $0 N/A
2022 Total Group Life 1.83% $269,508,894 $0 $46,669,156 $0 N/A
2022 Group Whole Life 0.00% $0 $0 $0 $0 N/A
2022 Group Term Life 0.88% $13,195,043 $0 $13,251,619 $0 N/A
2022 Group Universal Life 0.13% $615,975 $0 $189,226 $0 N/A
2022 Group Ordinary Annuities 1.12% $42,170,398 $0 $33,139,547 $0 N/A
2022 Group Variable Annuities 0.00% $0 $0 $88,764 $0 N/A
2022 Group Deposit-Type Funds 22.62% $212,722,357 $0 $0 $0 N/A
2022 Group Other Considerations 0.01% $805,121 $0 $0 $0 N/A
2021 Total Accident & Health 0.06% $48,453,190 $46,135,808 $28,257,193 $33,885,927 73.45 %
2021 Total Individual Accident & Health 0.04% $11,048,299 $8,721,048 $2,869,592 $8,168,773 93.67 %
2021 Individual Long Term Care 0.03% $152,458 $120,344 $39,598 $42,723 35.50 %
2021 Individual Disability Income 4.62% $10,895,841 $8,600,704 $2,829,994 $8,126,050 94.48 %
2021 Total Group Accident & Health 0.07% $37,404,891 $37,414,760 $25,387,601 $25,717,154 68.74 %
2021 Group Medicare Supplement 0.04% $905,382 $905,246 $659,792 $655,533 72.41 %
2021 Group Long Term Care 0.02% $21,944 $42,709 $27,318 $29,798 69.77 %
2021 Group Specified Disease 0.37% $382,494 $386,269 $38,250 $38,763 10.04 %
2021 Group Accident Only 0.15% $545,736 $547,759 $50,700 $51,380 9.38 %
2021 Group Disability Income 1.46% $11,261,947 $11,242,117 $9,326,797 $9,451,907 84.08 %
2021 Group Dental 1.31% $20,744,260 $20,747,538 $13,264,769 $13,442,702 64.79 %
2021 Group Limited Benefit 0.39% $3,543,128 $3,543,122 $2,019,975 $2,047,071 57.78 %
2021 Total Life 0.80% $284,421,360 $0 $85,961,966 $0 N/A
2021 Total Individual Life 0.19% $43,418,553 $0 $43,330,054 $0 N/A
2021 Individual Whole Life 0.07% $1,164,459 $0 $6,009,244 $0 N/A
2021 Individual Term Life 0.04% $506,604 $0 $1,440,452 $0 N/A
2021 Individual Universal Life 1.04% $19,058,529 $0 $10,579,059 $0 N/A
2021 Individual Ordinary Annuities 0.07% $2,046,527 $0 $11,506,039 $0 N/A
2021 Individual Variable Annuities 0.21% $18,310,150 $0 $10,798,027 $0 N/A
2021 Individual Equity Indexed Annuities 0.02% $971,341 $0 $127,267 $0 N/A
2021 Individual Deposit-Type Funds 0.87% $1,360,943 $0 $2,869,966 $0 N/A
2021 Total Group Life 1.83% $241,002,807 $0 $42,631,912 $0 N/A
2021 Group Whole Life 0.00% $0 $0 $0 $0 N/A
2021 Group Term Life 0.77% $12,609,671 $0 $12,525,724 $0 N/A
2021 Group Universal Life 0.43% $596,047 $0 $51,066 $0 N/A
2021 Group Ordinary Annuities 1.86% $54,858,479 $0 $29,846,710 $0 N/A
2021 Group Variable Annuities 0.00% $0 $0 $208,412 $0 N/A
2021 Group Deposit-Type Funds 18.51% $172,913,360 $0 $0 $0 N/A
2021 Group Other Considerations 0.00% $25,250 $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
2022 Life and Annuities 1.16% 0 0
2022 Long-Term Care Insurance 0.07% 0 0
2022 Medicare Supplement Insurance 0.11% 0 0
2022 Health 0.59% 7 54
2021 Health 0.57% 9 64
2021 Life and Annuities 1.31% 1 10
2021 Long-Term Care Insurance 0.07% 0 0
2021 Medicare Supplement Insurance 0.14% 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

Date: 07/14/2020

PLICRSA720.pdf


Financial Exams

This company does not have any financial exams.