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Company Details
MINNESOTA LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
66168
Phone Number:
651-665-3500
Company Address:
400 ROBERT STREET NORTH
ST. PAUL, MN 55101-2098
Description:
Life and Health
License Number:
A418229
Date Admitted:
1901-12-23
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 | 0.02% | $11,725,281 | $11,737,633 | $5,210,538 | $1,368,881 | 11.66 % |
| 2020 | Total Individual Accident & Health | 0.00% | $498,260 | $510,733 | $405,818 | $-2,562,659 | -501.76 % |
| 2020 | Individual Long Term Care | 0.02% | $79,622 | $79,752 | $0 | $0 | 0.00 % |
| 2020 | Individual Accident Only | 0.00% | $4,883 | $4,883 | $0 | $0 | 0.00 % |
| 2020 | Individual Disability Income | 0.18% | $413,755 | $426,098 | $405,818 | $-2,562,659 | -601.42 % |
| 2020 | Total Group Accident & Health | 0.03% | $11,227,021 | $11,226,900 | $4,804,720 | $3,931,540 | 35.02 % |
| 2020 | Group Accident Only | 2.68% | $9,068,221 | $9,119,683 | $4,548,435 | $3,810,203 | 41.78 % |
| 2020 | Group Disability Income | 0.00% | $17,507 | $17,466 | $54,219 | $-35,534 | -203.45 % |
| 2020 | Group Short Term Credit Disability | 14.74% | $2,141,293 | $2,089,751 | $202,066 | $156,871 | 7.51 % |
| 2020 | Total Life | 0.36% | $145,254,068 | $0 | $97,763,296 | $0 | N/A |
| 2020 | Total Individual Life | 0.34% | $67,005,348 | $0 | $37,507,672 | $0 | N/A |
| 2020 | Individual Whole Life | 0.08% | $1,110,855 | $0 | $1,977,664 | $0 | N/A |
| 2020 | Individual Term Life | 0.43% | $5,336,490 | $0 | $1,879,621 | $0 | N/A |
| 2020 | Individual Universal Life | 0.99% | $16,556,683 | $0 | $584,158 | $0 | N/A |
| 2020 | Individual Variable Life | 4.35% | $19,777,163 | $0 | $8,389,215 | $0 | N/A |
| 2020 | Individual Ordinary Annuities | 0.03% | $620,537 | $0 | $2,515,277 | $0 | N/A |
| 2020 | Individual Variable Annuities | 0.19% | $16,556,279 | $0 | $20,207,842 | $0 | N/A |
| 2020 | Individual Modified Guaranteed Annuities | 0.00% | $0 | $0 | $1,381,149 | $0 | N/A |
| 2020 | Individual Equity Indexed Annuities | 0.15% | $5,619,933 | $0 | $572,746 | $0 | N/A |
| 2020 | Individual Deposit-Type Funds | 1.01% | $1,427,408 | $0 | $0 | $0 | N/A |
| 2020 | Total Group Life | 0.37% | $78,248,720 | $0 | $60,255,624 | $0 | N/A |
| 2020 | Group Term Life | 1.81% | $24,792,823 | $0 | $20,947,200 | $0 | N/A |
| 2020 | Group Universal Life | 3.06% | $2,761,045 | $0 | $2,521,641 | $0 | N/A |
| 2020 | Group Credit Life | 18.78% | $3,454,445 | $0 | $1,272,324 | $0 | N/A |
| 2020 | Group Variable Life | 0.23% | $157,906 | $0 | $64,891 | $0 | N/A |
| 2020 | Group Ordinary Annuities | 0.10% | $2,426,452 | $0 | $8,360,835 | $0 | N/A |
| 2020 | Group Variable Annuities | 0.00% | $0 | $0 | $27,088,733 | $0 | N/A |
| 2020 | Group Deposit-Type Funds | 0.11% | $914,577 | $0 | $0 | $0 | N/A |
| 2020 | Group Other Considerations | 0.29% | $43,741,472 | $0 | $0 | $0 | N/A |
| 2019 | Total Accident & Health | 0.02% | $12,403,641 | $11,937,695 | $4,255,898 | $8,518,121 | 71.35 % |
| 2019 | Total Individual Accident & Health | 0.00% | $539,093 | $569,171 | $491,503 | $3,860,477 | N/A |
| 2019 | Individual Long Term Care | 0.02% | $86,378 | $85,761 | $0 | $0 | 0.00 % |
| 2019 | Individual Disability Income | 0.18% | $452,715 | $483,410 | $491,503 | $3,860,477 | N/A |
| 2019 | Total Group Accident & Health | 0.03% | $11,864,548 | $11,368,524 | $3,764,395 | $4,657,644 | 40.97 % |
| 2019 | Group Accident Only | 2.67% | $9,812,529 | $9,784,026 | $3,484,898 | $4,285,517 | 43.80 % |
| 2019 | Group Disability Income | 0.00% | $17,158 | $16,820 | $58,061 | $64,412 | N/A |
| 2019 | Group Short Term Credit Disability | 9.99% | $2,034,861 | $1,567,678 | $221,436 | $307,715 | 19.63 % |
| 2018 | Total Accident & Health | 0.02% | $10,924,672 | $10,380,417 | $3,951,607 | $4,632,435 | 44.63 % |
| 2018 | Total Individual Accident & Health | 0.00% | $611,737 | $629,779 | $454,902 | $146,464 | 23.26 % |
| 2018 | Individual Long Term Care | 0.02% | $88,255 | $86,651 | $0 | $0 | 0.00 % |
| 2018 | Individual Disability Income | 0.23% | $523,482 | $543,128 | $454,902 | $146,464 | 26.97 % |
| 2018 | Total Group Accident & Health | 0.02% | $10,312,935 | $9,750,638 | $3,496,705 | $4,485,971 | 46.01 % |
| 2018 | Group Accident Only | 2.43% | $8,510,328 | $8,387,221 | $3,240,104 | $4,074,597 | 48.58 % |
| 2018 | Group Disability Income | 0.00% | $17,420 | $19,403 | $55,712 | $48,563 | N/A |
| 2018 | Group Short Term Credit Disability | 9.08% | $1,785,187 | $1,344,014 | $200,889 | $362,811 | 26.99 % |
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 |
|---|---|---|---|---|
| 2020 | Long-Term Care Insurance | 0.03% | 0 | 0 |
| 2020 | Health | 0.13% | 0 | 0 |
| 2020 | Life and Annuities | 1.26% | 5 | 49 |
| 2019 | Health | 0.12% | 0 | 0 |
| 2019 | Life and Annuities | 1.34% | 5 | 38 |
| 2019 | Long-Term Care Insurance | 0.04% | 0 | 0 |
| 2018 | Health | 0.12% | 0 | 0 |
| 2018 | Life and Annuities | 1.40% | 8 | 53 |
| 2018 | Long-Term Care Insurance | 0.04% | 0 | 0 |
Company Changes
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.