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Company Details
CHESAPEAKE LIFE INSURANCE COMPANY THE License Status :
Active
NAIC Number :
61832
Phone Number:
8172553100
Company Address:
9800 Health Care Lane, MN006-W500
Minnetonka, MN 55343
Description:
Life and Health
License Number:
A423462
Date Admitted:
1963-06-12
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 |
|---|---|---|---|---|---|---|---|
| 2023 | Total Accident & Health | 0.06% | $8,248,729 | $8,139,569 | $2,917,993 | $3,071,281 | 37.73 % |
| 2023 | Total Individual Accident & Health | 0.16% | $8,248,729 | $8,139,569 | $2,917,993 | $3,071,281 | 37.73 % |
| 2023 | Individual Specified Disease | 2.24% | $2,345,676 | $2,350,115 | $966,250 | $1,069,626 | 45.51 % |
| 2023 | Individual Accident Only | 1.99% | $1,601,247 | $1,600,426 | $285,463 | $350,963 | 21.93 % |
| 2023 | Individual Disability Income | 0.06% | $64,163 | $64,747 | $5,158 | $-27,295 | -42.16 % |
| 2023 | Individual Dental | 1.51% | $793,946 | $668,943 | $347,958 | $307,130 | 45.91 % |
| 2023 | Individual Limited Benefit | 3.05% | $3,443,697 | $3,455,338 | $1,313,164 | $1,370,857 | 39.67 % |
| 2023 | Total Life | 0.01% | $1,118,778 | $0 | $682,115 | $0 | N/A |
| 2023 | Total Individual Life | 0.01% | $1,118,778 | $0 | $682,115 | $0 | N/A |
| 2023 | Individual Whole Life | 0.03% | $259,911 | $0 | $201,044 | $0 | N/A |
| 2023 | Individual Term Life | 0.13% | $755,752 | $0 | $436,071 | $0 | N/A |
| 2023 | Individual Universal Life | 0.02% | $102,997 | $0 | $45,000 | $0 | N/A |
| 2023 | Individual Ordinary Annuities | 0.00% | $118 | $0 | $0 | $0 | N/A |
| 2022 | Total Accident & Health | 0.06% | $7,685,966 | $7,695,038 | $2,550,628 | $2,050,693 | 26.65 % |
| 2022 | Total Individual Accident & Health | 0.16% | $7,685,966 | $7,695,038 | $2,550,628 | $2,050,693 | 26.65 % |
| 2022 | Individual Specified Disease | 2.02% | $2,375,423 | $2,381,195 | $805,750 | $423,890 | 17.80 % |
| 2022 | Individual Accident Only | 2.50% | $1,546,476 | $1,550,272 | $256,780 | $282,606 | 18.23 % |
| 2022 | Individual Disability Income | 0.06% | $63,698 | $63,227 | $22,915 | $52,723 | 83.39 % |
| 2022 | Individual Dental | 1.72% | $775,265 | $777,012 | $337,539 | $321,265 | 41.35 % |
| 2022 | Individual Limited Benefit | 2.93% | $2,925,104 | $2,923,332 | $1,127,644 | $970,209 | 33.19 % |
| 2022 | Total Life | 0.01% | $1,037,097 | $0 | $651,835 | $0 | N/A |
| 2022 | Total Individual Life | 0.01% | $1,037,097 | $0 | $651,835 | $0 | N/A |
| 2022 | Individual Whole Life | 0.04% | $317,700 | $0 | $391,433 | $0 | N/A |
| 2022 | Individual Term Life | 0.10% | $614,448 | $0 | $150,000 | $0 | N/A |
| 2022 | Individual Universal Life | 0.01% | $104,831 | $0 | $110,402 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.00% | $118 | $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 |
|---|---|---|---|---|
| 2023 | Health | 0.07% | 6 | 395 |
| 2023 | Life and Annuities | 0.01% | 3 | 4617 |
| 2022 | Health | 0.09% | 7 | 371 |
| 2022 | Life and Annuities | 0.01% | 1 | 1470 |
Company Changes
Market Conduct
Date: 10/06/2015
Financial Exams
This company does not have any financial exams.