Company Details
Company Name:
BANNER LIFE INSURANCE COMPANYLicense Status:
ActiveNAIC Number:
94250Company Address:
3275 BENNETT CREEK AVE FREDERICK, MD 21704
Phone Number:
3012794800Mailing Address:
3275 BENNETT CREEK AVENUE FREDERICK, MD 21704
Description:
Life and Health (Ch 376 & 377, RSMo)License Number:
A422410Date Admitted:
1982-03-25Market Share
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Dividends Paid | Direct Losses Paid | Direct Losses Incurred | In Force | Loss Ratio |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | Total Accident & Health | 0% | $226,495 | $226,495 | $0 | $0 | $0 | $0 | 0% |
| 2025 | Total Individual Accident & Health | 0% | $226,495 | $226,495 | $0 | $0 | $0 | $0 | 0% |
| 2025 | Individual Accident Only | 0.25% | $226,495 | $226,495 | $0 | $0 | $0 | $0 | 0% |
| 2025 | Total Life & Annuities | 0.69% | $116,626,445 | $0 | $39,328 | $34,870,236 | $0 | $20,882,003 | 0% |
| 2025 | Total Individual Life | 0.84% | $33,969,022 | $0 | $39,328 | $19,365,426 | $0 | $20,882,003 | 0% |
| 2025 | Individual Whole Life | 0% | $7,148 | $0 | $39,328 | $135,058 | $0 | $1,877 | 0% |
| 2025 | Individual Term Life | 5.37% | $32,752,966 | $0 | $0 | $17,762,470 | $0 | $20,807,202 | 0% |
| 2025 | Individual Universal Life | 0.25% | $986,953 | $0 | $0 | $1,362,286 | $0 | $72,794 | 0% |
| 2025 | Individual Universal Life With Secondary Guarantees | 0.09% | $218,135 | $0 | $0 | $105,612 | $0 | $0 | 0% |
| 2025 | Individual Variable Life | 0% | $0 | $0 | $0 | $0 | $0 | $130 | 0% |
| 2025 | Individual Variable Universal Life | 0% | $3,820 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2025 | Individual Deposit-Type Contract Funds | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2025 | Total Individual Annuities | 0% | $0 | $0 | $0 | $79,689 | $0 | $0 | 0% |
| 2025 | Individual Fixed Annuities | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2025 | Individual Variable Annuities With Guarantees | 0% | $0 | $0 | $0 | $79,689 | $0 | $0 | 0% |
| 2025 | Total Individual Life & Annuities | 0.25% | $33,969,022 | $0 | $39,328 | $19,445,115 | $0 | $20,882,003 | 0% |
| 2025 | Total Group Annuities | 4.89% | $82,657,423 | $0 | $0 | $15,425,121 | $0 | $0 | 0% |
| 2025 | Group Fixed Annuities | 2.36% | $7,133,893 | $0 | $0 | $1,331,731 | $0 | $0 | 0% |
| 2025 | Group Life Contingencies | 12.98% | $75,523,530 | $0 | $0 | $14,093,390 | $0 | $0 | 0% |
| 2025 | Other Group Annuities | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2025 | Total Group Life & Annuities | 2.58% | $82,657,423 | $0 | $0 | $15,425,121 | $0 | $0 | 0% |
| 2024 | Total Accident & Health | 0% | $220,217 | $220,217 | $0 | $0 | $0 | $0 | 0% |
| 2024 | Total Individual Accident & Health | 0% | $220,217 | $220,217 | $0 | $0 | $0 | $0 | 0% |
| 2024 | Individual Accident Only | 0.23% | $220,217 | $220,217 | $0 | $0 | $0 | $0 | 0% |
| 2024 | Total Life & Annuities | 0.24% | $38,353,365 | $0 | $39,994 | $39,421,443 | $0 | $18,670,851 | 0% |
| 2024 | Total Individual Life | 0.71% | $31,172,825 | $0 | $39,994 | $26,021,752 | $0 | $18,670,851 | 0% |
| 2024 | Individual Whole Life | 0% | $12,804 | $0 | $39,994 | $149,082 | $0 | $1,880 | 0% |
| 2024 | Individual Term Life | 4.97% | $29,891,879 | $0 | $0 | $25,053,326 | $0 | $18,591,485 | 0% |
| 2024 | Individual Universal Life | 0.43% | $1,035,275 | $0 | $0 | $819,344 | $0 | $77,356 | 0% |
| 2024 | Individual Universal Life With Secondary Guarantees | 0.09% | $232,867 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2024 | Individual Variable Life | 0% | $0 | $0 | $0 | $0 | $0 | $130 | 0% |
| 2024 | Other Individual Life | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2024 | Individual Deposit-Type Contract Funds | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2024 | Total Individual Annuities | 0% | $0 | $0 | $0 | $78,726 | $0 | $0 | 0% |
| 2024 | Individual Variable Annuities With Guarantees | 0% | $0 | $0 | $0 | $78,726 | $0 | $0 | 0% |
| 2024 | Total Individual Life & Annuities | 0.24% | $31,172,825 | $0 | $39,994 | $26,100,478 | $0 | $18,670,851 | 0% |
| 2024 | Total Group Life | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2024 | Other Group Life | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2024 | Total Group Annuities | 0.41% | $7,180,540 | $0 | $0 | $13,320,965 | $0 | $0 | 0% |
| 2024 | Group Fixed Annuities | 0.52% | $933,470 | $0 | $0 | $342,550 | $0 | $0 | 0% |
| 2024 | Group Life Contingencies | 0.78% | $6,247,070 | $0 | $0 | $12,978,415 | $0 | $0 | 0% |
| 2024 | Total Group Life & Annuities | 0.22% | $7,180,540 | $0 | $0 | $13,320,965 | $0 | $0 | 0% |
| 2023 | Total Accident & Health | 0% | $211,496 | $211,496 | $0 | $0 | $0 | $0 | 0% |
| 2023 | Total Individual Accident & Health | 0% | $211,496 | $211,496 | $0 | $0 | $0 | $0 | 0% |
| 2023 | Individual Accident Only | 0.26% | $211,496 | $211,496 | $0 | $0 | $0 | $0 | 0% |
| 2023 | Total Life | 0.49% | $66,717,277 | $0 | $0 | $27,129,198 | $0 | $16,929,358 | 0% |
| 2023 | Total Individual Life | 0.29% | $29,000,488 | $0 | $0 | $16,929,908 | $0 | $16,929,358 | 0% |
| 2023 | Individual Whole Life | 0.01% | $47,038 | $0 | $0 | $108,188 | $0 | $1,975 | 0% |
| 2023 | Individual Term Life | 4.69% | $27,692,721 | $0 | $0 | $16,440,437 | $0 | $16,850,247 | 0% |
| 2023 | Individual Universal Life | 0.22% | $1,258,112 | $0 | $0 | $368,403 | $0 | $77,006 | 0% |
| 2023 | Individual Variable Life | 0% | $2,617 | $0 | $0 | $12,880 | $0 | $130 | 0% |
| 2023 | Individual Ordinary Annuities | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2023 | Individual Deposit-Type Funds | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2023 | Total Group Life | 1.07% | $37,716,789 | $0 | $0 | $10,199,290 | $0 | $0 | 0% |
| 2023 | Group Ordinary Annuities | 3.04% | $37,716,789 | $0 | $0 | $10,199,290 | $0 | $0 | 0% |
| 2022 | Total Accident & Health | 0% | $199,608 | $199,608 | $0 | $0 | $0 | $0 | 0% |
| 2022 | Total Individual Accident & Health | 0% | $199,608 | $199,608 | $0 | $0 | $0 | $0 | 0% |
| 2022 | Individual Accident Only | 0.32% | $199,608 | $199,608 | $0 | $0 | $0 | $0 | 0% |
| 2022 | Total Life | 0.32% | $46,299,333 | $0 | $0 | $30,263,926 | $0 | $15,536,339 | 0% |
| 2022 | Total Individual Life | 0.28% | $27,240,070 | $0 | $0 | $21,130,111 | $0 | $15,536,339 | 0% |
| 2022 | Individual Whole Life | 0.01% | $43,842 | $0 | $0 | $70,022 | $0 | $1,966 | 0% |
| 2022 | Individual Term Life | 4.18% | $25,994,969 | $0 | $0 | $20,650,582 | $0 | $15,452,984 | 0% |
| 2022 | Individual Universal Life | 0.15% | $1,197,543 | $0 | $0 | $396,627 | $0 | $81,176 | 0% |
| 2022 | Individual Variable Life | 0% | $3,716 | $0 | $0 | $12,880 | $0 | $213 | 0% |
| 2022 | Individual Variable Annuities | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2022 | Individual Deposit-Type Funds | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2022 | Total Group Life | 0.42% | $19,059,263 | $0 | $0 | $9,133,815 | $0 | $0 | 0% |
| 2022 | Group Ordinary Annuities | 1.18% | $19,059,263 | $0 | $0 | $9,133,815 | $0 | $0 | 0% |
| 2021 | Total Accident & Health | 0% | $176,855 | $176,855 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Total Individual Accident & Health | 0% | $176,855 | $176,855 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Individual Accident Only | 0.28% | $176,855 | $176,855 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Total Life | 0.42% | $51,877,408 | $0 | $0 | $34,547,156 | $0 | $14,931,301 | 0% |
| 2021 | Total Individual Life | 0.33% | $26,060,812 | $0 | $0 | $26,965,085 | $0 | $14,931,301 | 0% |
| 2021 | Individual Whole Life | 0.01% | $60,506 | $0 | $0 | $166,930 | $0 | $2,004 | 0% |
| 2021 | Individual Term Life | 4.06% | $24,726,911 | $0 | $0 | $23,827,583 | $0 | $14,844,703 | 0% |
| 2021 | Individual Universal Life | 0.16% | $1,268,181 | $0 | $0 | $2,152,756 | $0 | $84,381 | 0% |
| 2021 | Individual Variable Life | 0% | $5,214 | $0 | $0 | $817,816 | $0 | $213 | 0% |
| 2021 | Individual Variable Annuities | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Individual Deposit-Type Funds | 0% | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| 2021 | Total Group Life | 0.59% | $25,816,596 | $0 | $0 | $7,582,071 | $0 | $0 | 0% |
| 2021 | Group Ordinary Annuities | 1.92% | $25,816,596 | $0 | $0 | $7,582,071 | $0 | $0 | 0% |
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2024 | Life and Annuities | 0.4% | 1 | 37 |
| 2023 | Health | 0% | 0 | 0 |
| 2023 | Life and Annuities | 0.45% | 1 | 30 |
| 2022 | Health | 0% | 0 | 0 |
| 2022 | Life and Annuities | 0.53% | 3 | 78 |
| 2021 | Health | 0% | 0 | 0 |
| 2021 | Life and Annuities | 0.56% | 2 | 46 |
Company Changes
This company does not have any company changes.
Market Regulation Actions
Date:
2024-08-20Financial Exams
This company does not have any financial exams.