SILAC INSURANCE COMPANY

Company Details

License Status:
Active
NAIC Number:
62952
Phone Number:
3172082200
Company Address:

10201 N. Illinois St., Ste. 280
Carmel, IN 46290

Description:
Life and Health
License Number:
A423269
Date Admitted:

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 0.04% $5,195,277 $5,438,998 $7,564,760 $7,543,250 138.69%
2023 Total Individual Accident & Health 0.1% $5,195,277 $5,438,998 $7,564,760 $7,543,250 138.69%
2023 Individual Medicare Supplement 0.17% $903,373 $970,968 $794,698 $794,417 81.82%
2023 Individual Long Term Care 1.93% $3,799,546 $3,959,763 $6,583,441 $6,578,354 166.13%
2023 Individual Specified Disease 0.04% $39,635 $43,028 $12,788 $12,935 30.06%
2023 Individual Limited Benefit 0.4% $452,723 $465,239 $173,833 $157,544 33.86%
2023 Total Life 0.23% $31,291,629 $0 $12,203,459 $0 39%
2023 Total Individual Life 0.31% $31,291,629 $0 $12,203,459 $0 39%
2023 Individual Whole Life 0.05% $410,480 $0 $522,169 $0 127.21%
2023 Individual Ordinary Annuities 0.01% $339,810 $0 $2,315,400 $0 681.38%
2023 Individual Equity Indexed Annuities 0.91% $20,288,097 $0 $9,365,890 $0 46.16%
2023 Individual Deposit-Type Funds 0.78% $10,253,242 $0 $0 $0 0%
2022 Total Accident & Health 0.05% $6,068,397 $6,223,327 $7,828,399 $7,934,891 127.5%
2022 Total Individual Accident & Health 0.12% $6,068,397 $6,223,327 $7,828,399 $7,934,891 127.5%
2022 Individual Medicare Supplement 0.2% $1,089,895 $1,126,148 $804,893 $772,416 68.59%
2022 Individual Long Term Care 2.21% $4,405,265 $4,515,589 $6,692,833 $6,828,640 151.22%
2022 Individual Specified Disease 0.04% $48,562 $49,514 $10,814 $11,115 22.45%
2022 Individual Limited Benefit 0.52% $524,675 $532,076 $319,859 $322,720 60.65%
2022 Total Life 0.26% $36,822,136 $0 $6,786,051 $0 18.43%
2022 Total Individual Life 0.37% $36,822,136 $0 $6,786,051 $0 18.43%
2022 Individual Whole Life 0.05% $468,894 $0 $3,268,252 $0 697.01%
2022 Individual Ordinary Annuities 1.47% $34,651,312 $0 $3,517,799 $0 10.15%
2022 Individual Deposit-Type Funds 0.17% $1,701,930 $0 $0 $0 0%
2021 Total Accident & Health 0.06% $6,895,221 $7,119,455 $8,215,223 $8,085,077 113.56%
2021 Total Individual Accident & Health 0.15% $6,895,221 $7,119,455 $8,215,223 $8,085,077 113.56%
2021 Individual Medicare Supplement 0.24% $1,370,769 $1,396,519 $860,452 $814,107 58.3%
2021 Individual Long Term Care 2.35% $4,871,946 $5,057,019 $7,148,706 $7,067,937 139.76%
2021 Individual Specified Disease 0.05% $55,609 $56,116 $6,335 $3,893 6.94%
2021 Individual Limited Benefit 0.88% $596,897 $609,801 $199,730 $199,140 32.66%
2021 Total Life 0.46% $56,565,904 $0 $4,598,778 $0 8.13%
2021 Total Individual Life 0.72% $56,565,904 $0 $4,598,778 $0 8.13%
2021 Individual Whole Life 0.06% $527,239 $0 $1,599,816 $0 303.43%
2021 Individual Ordinary Annuities 3.21% $49,930,446 $0 $2,998,962 $0 6.01%
2021 Individual Deposit-Type Funds 6.67% $6,108,219 $0 $0 $0 0%

Complaint Index

Link to Consumer Complaint Index Page
Year Line Market Share Number of Complaints Complaint Index
2023 Health 0.06% 13 997
2023 Long-Term Care Insurance 1.8% 10 341
2023 Life and Annuities 0.4% 1 34
2023 Medicare Supplement Insurance 0.14% 0 0
2022 Health 0.08% 10 552
2022 Long-Term Care Insurance 2% 8 261
2022 Life and Annuities 0.39% 1 35
2022 Medicare Supplement Insurance 0.19% 0 0
2021 Health 0.09% 9 386
2021 Long-Term Care Insurance 2.26% 7 183
2021 Life and Annuities 0.37% 2 70
2021 Medicare Supplement Insurance 0.23% 0 0

Company Changes

Effective Date:
Comments:

Effective 7/9/2020 Equitable Life & Casualty Insurance Company changed its name to the above.

Effective Date:
Comments:

Effective 09/22/2023 the above Life and Health company redomesticated from Utah to Indiana and was issued a new Missouri Certificate of Authority on 02/22/2024. Company also updated its Mailing and Statutory Home Office Addresses.

Market Regulation Actions

Date:

Financial Exams

This company does not have any financial exams.