Credit Life Insurance and
Credit Accident & Health
Insurance Experience
2015 – 2019
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Credit Life Insurance and Credit Accident & Health Insurance Experience
2015–2019
TABLE OF CONTENTS
Introduction ...1
Report Format ...1
Qualifications ...3
Credit Life Insurance and Credit Accident & Health Insurance Experience –
2010–2019...4
Credit Life Insurance Experience Trends 2010–2019 ...5
Credit Life Insurance Experience Loss Ratios 2010–2019 ...6
Credit Accident & Health Insurance Experience Trends 2010–2019 ...7
Credit Accident & Health Insurance Experience Loss Ratios 2010–2019 ...8
Credit Life Annual Incurred Claims Countrywide By Company ...9
Credit Life Annual Incurred Claims By State Summary ...19
Credit Life Earned Premiums Countrywide By Company ...25
Credit Life Earned Premiums By State Summary ...35
Credit Life Net Written Premiums Countrywide By Company...41
Credit Life Net Written Premiums By State Summary ...51
Credit Accident & Health Annual Incurred Claims Countrywide By Company ...57
Credit Accident & Health Annual Incurred Claims By State Summary ...65
Credit Accident & Health Earned Premiums Countrywide By Company ...71
Credit Accident & Health Earned Premiums By State Summary ...79
Credit Accident & Health Net Written Premiums Countrywide By Company ...85
Credit Accident & Health Net Written Premiums By State Summary ...93
Table 1 – Credit Insurance Regulatory Provisions ...99
INTRODUCTION
The
Credit Life Insurance and Credit Accident & Health Insurance Experience Report for the
years 2015–2019 were obtained from Part 1B—Credit Life Insurance and Part 2D—Credit
Accident and Health Insurance of the Credit Insurance Experience Exhibit filed by insurers with
the NAIC.
There are 118 companies listed in the Credit Life Reports, down from 124 companies last year.
The number of companies reported in the Credit Accident & Health Reports this year decreased
to 102 companies, from 110 companies last year. All companies reporting data in 2019, 2018,
2017, 2016, and 2015 were included. Immediately following this introduction, 10-year tables of
countrywide totals from the 12 reports are summarized in the exhibit titled, “Credit Life
Insurance and Credit Accident & Health Insurance Experience.”
Report Format
This publication consists of 12 reports:
Credit Life
Credit Accident & Health
Annual Incurred Claims
Annual Incurred Claims
1) Countrywide by Company
7) Countrywide by Company
2) By State Summary
8) By State Summary
Earned Premiums
Earned Premiums
3) Countrywide by Company
9) Countrywide by Company
4) By State Summary
10) By State Summary
Net Written Premiums
Net Written Premiums
5) Countrywide by Company
11) Countrywide by Company
The Annual Incurred Claims Countrywide by Company reports list the companies in descending
order of incurred claims. The Annual Incurred Claims by State reports list information by state in
alphabetical order. The following information is provided:
•
Three-Year and Five-Year Aggregated Loss Ratio
•
Three-Year and Five-Year Aggregated Loss Ratio at Prima Facie Rates
•
Annual Incurred Claims (2019, 2018, 2017, 2016, and 2015)
•
Actual Calendar Year Loss Ratios (2019, 2018, 2017, 2016, and 2015)
•
Calendar Year Loss Ratios at Prima Facie Rates (2019, 2018, 2017, 2016, and 2015)
Loss ratios are calculated by dividing incurred losses by earned premiums. Throughout the
report, actual earned premiums were substituted for earned premiums at prima facie rates when
the latter were reported as zero.
The Earned Premiums Countrywide by Company reports list all insurers by amount of earned
premium and provide data that were used to compute the loss ratios contained in the Annual
Incurred Claims Reports. The Earned Premiums by State
reports list information by state in
alphabetical order. The following data are provided:
•
State of Domicile (Countrywide Report Only)
•
Business Type: L=Life and P=Property/Casualty (Countrywide Report Only)
•
Number of Companies Reporting “Net Written Premiums” for Credit Insurance
(2019, 2018, 2017, 2016, and 2015) (By State Report Only)
•
Direct Earned Premiums (2019, 2018, 2017, 2016, and 2015)
•
Earned Premium at Prima Facie Rates (2019, 2018, 2017, 2016, and 2015)
The Net Written Premiums Countrywide by Company reports list all insurers by amount of
net premiums written. The Net Written Premiums by State reports list information by state in
alphabetical order. The following data are provided:
•
State of Domicile (Countrywide Report Only)
•
Business Type: L=Life and P=Property/Casualty (Countrywide Report Only)
•
Number of Companies Reporting “Net Written Premiums” for Credit Insurance
(2019, 2018, 2017, 2016, and 2015) (By State Report Only)
•
Net Written Premiums (2019, 2018, 2017, 2016, and 2015)
•
Net Written Premiums Annual Percentage Change (2019, 2018, 2017, 2016, and 2015)
•
Percent of Total Net Written Premiums—Market Share (2019, 2018, 2017, 2016, and
2015)
© 2020 National Association of Insurance Commissioners
2
Qualifications
The accuracy of the reports included in this publication depends on the accuracy of the
information contained in the credit insurance exhibits filed by insurers. Even though the data
elements used to prepare the reports are extracted from exhibits filed with the NAIC, the NAIC
cannot verify or guarantee their accuracy.
While the NAIC exercises a great deal of care in capturing data from annual statements and
producing various reports, as with any statistical project of a significant magnitude, errors can
occur. Consequently, the NAIC makes no representations or warranties with respect to the
accuracy of the data and statistics in this report.
Please send any question regarding this report to researchrequest@naic.org. Links to this report
or other NAIC reports can be found on the NAIC website at: NAIC Publications.
Credit Life Insurance and Credit Accident & Health Insurance Experience
2010–2019*
(Dollars in 000s)
Net
Actual
Direct
Loss
Written Premiums Earned Premiums Losses Incurred
Ratio (%)
Credit Life
2010
772,980
934,046
444,941
47.64%
2011
758,835
852,539
400,511
46.98%
2012
756,054
799,020
365,302
45.72%
2013
740,184
738,353
352,190
47.70%
2014
738,758
726,912
345,629
47.55%
2015
731,494
722,012
326,421
45.21%
2016
671,891
704,772
312,016
44.27%
2017
627,490
654,925
299,557
45.74%
2018
635,552
637,715
291,506
45.71%
2019
661,581
641,644
274,325
42.75%
2010–2019 Avg.
709,482
741,194
341,240
46.04%
2010
877,745
1,030,429
466,036
45.23%
2011
870,026
940,793
393,146
41.79%
2012
884,808
896,381
369,656
41.24%
2013
892,141
870,143
319,516
36.72%
2014
884,581
878,034
306,677
34.93%
2015
851,112
865,776
292,953
33.84%
2016
786,139
839,012
271,806
32.40%
2017
770,357
799,672
253,025
31.64%
2018
770,987
764,651
250,390
32.75%
2019
808,759
749,943
229,644
30.62%
2010–2019 Avg.
839,666
863,483
315,285
36.51%
Credit Accident & Health
Loss Ratio = Direct Losses Incurred ÷ Actual Earned Premium * Results may vary from prior-year reports due to new or revised filings.
© 2020 National Association of Insurance Commissioners
4
2010 - 2019
Credit Life Insurance Experience Trend
773
759
756
740
739
731
672
627
636
662
0 500 1,000 1,500 2,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019M
illio
ns
Year
Net Written Premiums
934
853
799
738
727
722
706
655
638
642
0 500 1,000 1,500 2,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019M
illio
ns
Year
Actual Earned Premiums
445
401
365
352
346
326
312
300
292
274
0
250
500
750
1,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019M
illio
ns
Year
Direct Losses Incurred
0 10 20 30 40 50 60 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
47.6
47.0
45.7
47.7
47.6
45.2
44.2
45.7
45.7
42.8
Per
cen
tag
e
Year
Credit Life Insurance Experience
Loss Ratios
2010 - 2019
© 2020 National Association of Insurance Commissioners
6
2010 - 2019
Credit A & H Insurance Experience Trend
878
870
885
892
885
851
786
770
771
809
0 500 1,000 1,500 2,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019M
illio
ns
Year
Net Written Premiums
1,030
941
896
870
878
866
839
800
765
750
0 500 1,000 1,500 2,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019M
illio
ns
Year
Actual Earned Premiums
466
393
370
320
307
293
272
253
250
230
0
200
400
600
800
1,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019M
illio
ns
Year
Direct Losses Incurred
0 10 20 30 40 50 60 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
45.2
41.8
41.2
36.7
34.9
33.8
32.4
31.6
32.8
30.6
Per
cen
tag
e
Year
Credit A&H Insurance Experience
Loss Ratios
2010 - 2019
© 2020 National Association of Insurance Commissioners
8
CREDIT LIFE
ANNUAL INCURRED CLAIMS
COUNTRYWIDE BY COMPANY
© 2020 National Association of Insurance Commissioners
10
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2019 - 2015 5-yr Aggr Loss Ratio at Prima Facie Rates 2019 - 2015 3- yr Aggregate Loss Ratio 2019 - 2017 3-yr Aggr Loss Ratio at Prima Facie Rates 2019 - 2017
Annual Incurred Claims (Losses) $ COMPANY NAME
COCODE
2019
2018
2017
2016
2015
48.02 38.87 47.37 38.15
62626 CMFG Life Ins Co 91,243,903 92,675,435 100,075,026 96,632,597 98,411,263
52.05 55.08 52.46 55.20
60518 American Hlth & Life Ins Co 46,817,588 42,578,595 30,408,976 25,411,088 26,838,325 52.04 49.81 51.37 49.38
66168 Minnesota Life Ins Co 30,545,189 29,600,776 27,314,555 28,301,577 23,494,069
57.18 56.66 59.01 58.43
97691 Life Of The South Ins Co 30,256,219 28,006,543 25,121,748 24,420,974 20,854,602
29.36 31.73 29.59 31.78
61751 Central States H & L Co Of Omaha 13,032,692 15,519,371 17,002,548 19,062,664 18,834,052 29.99 29.76 32.99 32.75
60739 American Natl Ins Co 8,371,313 9,433,322 8,710,734 8,414,827 6,264,161
62.15 65.30 67.95 72.10
65951 Merit Life Ins Co 7,522,168 16,472,596 26,807,738 24,827,337 21,480,127
34.01 34.44 34.07 34.65
97152 Plateau Ins Co 6,980,174 7,711,753 7,161,767 7,302,912 6,205,493
51.65 32.23 49.78 32.64
79715 Cooperativa De Seguros De Vida 5,028,235 5,005,907 5,523,325 5,553,003 5,392,207
36.56 36.56 33.29 33.29
98736 American Federated Life Ins Co 3,667,414 3,936,016 4,345,148 3,534,847 3,096,717
30.41 30.41 32.08 32.08
61298 Bankers Life Of LA 3,635,028 3,996,697 3,597,778 3,718,459 2,855,336
27.36 27.36 28.19 28.19
73156 Caribbean Amer Life Assur Co 3,578,279 4,756,488 3,202,094 4,057,166 3,615,387
56.74 52.10 56.04 51.46
93742 Securian Life Ins Co 2,997,884 4,360,461 1,656,613 1,398,743 2,026,111
33.24 31.86 34.32 32.07
67628 Pekin Life Ins Co 2,639,667 3,148,913 3,241,893 3,222,211 2,490,820
55.23 55.23 56.84 56.84
60242 Southern Financial Life Ins Co 2,388,129 2,456,191 2,209,754 2,109,104 1,858,566
44.57 42.41 48.29 45.41
60275 American Bankers Life Assur Co Of FL 2,112,365 4,015,543 5,810,345 7,562,443 14,465,530 29.48 29.58 27.91 27.49
99538 SWBC Life Ins Co 1,543,466 1,644,806 1,946,783 1,730,289 440,372
92.94 112.94 75.58 99.03
93777 Pavonia Life Ins Co of MI 1,520,584 1,300,071 3,175,912 7,776,277 17,830,942
22.61 25.08 19.64 22.05
68136 Protective Life Ins Co 1,498,665 2,258,250 2,414,350 4,128,191 3,824,667
27.63 27.64 25.40 25.42
64904 Investors Heritage Life Ins Co 922,863 817,313 1,182,442 915,136 1,326,010
34.91 27.47 44.51 29.08
66281 Transamerica Premier Life Ins Co 841,939 690,263 1,450,249 2,369,829 3,054,666
18.52 19.76 14.84 15.77
76007 Old United Life Ins Co 819,926 851,909 1,396,981 1,377,449 1,183,056
97.22 76.44 97.22 76.44
63126 American Nat Life Ins Co of NY 624,583 550,455 0 0 0
68.47 68.47 69.76 69.76
65480 Old Spartan Life Ins Co Inc 601,197 642,210 641,272 719,486 694,083
42.95 42.98 35.37 35.48
60836 American Republic Ins Co 493,662 821,272 536,413 1,297,436 1,197,649
18.34 18.34 16.33 16.33
60041 UNIVERSAL LIFE INS CO 449,265 601,644 661,619 897,509 741,151
22.88 19.39 22.98 19.79
77976 Gulf Guar Life Ins Co 445,026 561,233 513,070 477,006 716,937
12.75 12.30 11.26 12.16
77054 MAPFRE Life Ins Co of PR 400,014 269,108 450,321 526,898 894,601
33.55 33.55 36.99 36.99
83992 Foundation Life Ins Co Of AR 387,077 104,546 0 0 122,174
23.52 23.53 21.76 21.77
80020 Mountain Life Ins Co 380,860 670,785 568,800 582,050 631,942
136.59 140.35 120.59 120.25
60488 American Gen Life Ins Co 350,781 1,005,556 2,122,023 1,500,039 2,382,539
60.65 34.74 76.69 34.33
70688 Transamerica Financial Life Ins Co 308,347 380,866 915,578 2,019,181 2,261,500
41.38 35.46 40.61 31.29
86231 Transamerica Life Ins Co 284,215 851,551 1,454,015 5,220,448 10,755,541
24.72 24.72 26.50 26.50
60244 Kentucky Home Life Ins Co 222,348 150,001 378,001 212,650 293,111
134.23 135.45 419.55 419.55
93521 Coefficient Ins Co 221,348 18,496 234,244 124,464 -121,799
24.50 30.07 17.23 21.09
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2019 - 2015 5-yr Aggr Loss Ratio at Prima Facie Rates 2019 - 2015 3- yr Aggregate Loss Ratio 2019 - 2017 3-yr Aggr Loss Ratio at Prima Facie Rates 2019 - 2017
Annual Incurred Claims (Losses) $ COMPANY NAME
COCODE
2019
2018
2017
2016
2015
62.34 67.90 104.94 121.34
79340 Pavonia Life Ins Co NY 182,507 63,583 407,977 753,841 974,364
21.92 21.92 20.39 20.39
70548 Wichita Natl Life Ins Co 169,774 985,564 907,806 762,689 895,193
66.28 66.28 72.80 72.80
62650 Delta Life Ins Co 123,335 167,522 183,880 153,705 121,198
44.49 44.89 47.45 48.34
74233 First Natl Life Ins Co Of USA 101,125 218,679 330,422 292,011 305,209
28.65 28.65 41.40 41.40
72087 Multinational Life Ins Co 93,502 109,081 189,118 319,483 245,294
44.89 43.99 61.15 60.28
75094 Life Ins Co Of LA 89,723 127,477 72,839 76,086 46,490
37.24 37.25 31.71 31.69
81779 Individual Assur Co Life Hlth & Acc 79,959 245,904 476,253 1,108,464 1,418,931 34.70 34.70 31.03 31.03
64211 Guarantee Trust Life Ins Co 74,033 160,551 368,688 577,636 1,238,689
52.13 12.46 53.80 12.79
15940 Assurity Life Ins Co of NY 56,541 39,377 47,980 0 0
61.00 61.00 28.24 28.24
60246 Netcare Life & Hlth Ins Co 45,260 51,640 2,520 146,019 47,130
115.46 111.02 142.38 141.87
60895 American United Life Ins Co 43,945 51,049 19,588 67,934 196,527
54.96 59.27 43.19 43.41
71455 Financial Amer Life Ins Co 43,282 130,600 423,277 1,397,659 2,636,934
36.20 28.43 41.85 31.05
88536 Protective Life & Annuity Ins Co 31,288 115,459 31,634 112,330 58,193
7.53 7.53 4.75 4.75
74470 Rush Life Ins Co 27,757 38,348 -46,290 -1,010 62,494
7.98 7.98 8.07 8.07
71463 CICA Life Ins Co of Amer 22,309 10,155 61,510 40,136 26,452
633.89 633.89 3,850.31 3,850.31
65757 Shelter Life Ins Co 10,000 15,000 31,484 32,404 15,773
-0.87 -0.87 99.08 99.08
93815 Pacific Century Life Ins Corp 5,744 7,525 0 0 -15,000
136.86 105.07 33.03 25.54
62553 Country Life Ins Co 2,080 2,456 2,109 41,507 2,195
19.44 19.44 17.16 17.16
73989 Mililani Life Ins Co Ltd 1,599 21,997 0 0 22,532
-10.77 -10.80 -10.77 -10.80
71390 Puritan Life Ins Co of Amer 56 -5,000 -1,884 0 0
NR NR NR NR
60054 Aetna Life Ins Co 0 0 0 0 500
130.65 70.09 NR NR
79049 Alfa Life Ins Corp 0 0 0 0 14,707
NR NR NR NR
60186 Allstate Life Ins Co 0 0 0 0 -405,847
68.10 68.10 79.97 79.97
60534 American Heritage Life Ins Co 0 35,510 97,966 405,287 832,868
73.79 72.04 66.36 65.41
65811 American Modern Life Ins Co 0 0 2,344,000 2,691,796 7,954,663
44.00 42.64 50.93 49.10
13762 American Natl Lif Ins Co of NY 0 0 334,429 42,465 0
3.47 3.47 NR NR
92649 American Underwriters Life Ins Co 0 0 0 1,699 0
13.41 13.41 21.80 21.80
86118 Arkansas Bankers Life Ins Co 0 140,185 212,189 248,398 28,250
-0.95 -0.95 -1.58 -1.58
61492 Athene Annuity & Life Assur Co 0 -18 -12 -12 -14
NR NR NR NR
61212 Baltimore Life Ins Co 0 0 0 0 0
0.00 0.00 0.00 0.00
61476 Boston Mut Life Ins Co 0 0 0 0 0
86.84 86.82 22.24 22.24
62383 Centurion Life Ins Co 0 28,843 -4,252 114,862 239,915
-2.87 -2.88 NR NR
94447 Century Life Ass Co 0 0 0 -2,330 -726
NR NR NR NR
88374 Commonwealth Dealers Life Ins Co 0 0 0 0 0
-6.91 -4.91 NR NR
85090 Dearborn Natl Life Ins Co of NY 0 0 0 -19 -19
0.00 0.00 0.00 0.00
62928 EMC Natl Life Co 0 0 0 0 0
© 2020 National Association of Insurance Commissioners
12
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2019 - 2015 5-yr Aggr Loss Ratio at Prima Facie Rates 2019 - 2015 3- yr Aggregate Loss Ratio 2019 - 2017 3-yr Aggr Loss Ratio at Prima Facie Rates 2019 - 2017
Annual Incurred Claims (Losses) $ COMPANY NAME
COCODE
2019
2018
2017
2016
2015
0.00 0.00 NR NR
89087 Enterprise Life Ins Co 0 0 0 0 0
2.31 2.31 0.00 0.00
71480 Great Western Ins Co 0 0 0 -2,000 2,364
-72.66 -72.66 NR NR
75612 Gulf States Life Ins Co 0 0 0 -7,000 3,804
6.18 6.18 2.04 2.04
71323 Langhorne Reins AZ Ltd 0 0 13,926 36,284 107,129
NR NR NR NR
76503 Lasso Hlthcare Ins Co 0 0 0 0 0
31.82 39.59 NR NR
65560 Life Protection Ins Co 0 0 0 0 8,402
-1.21 -1.21 NR NR
99724 LifeShield Natl Ins Co 0 0 0 -11 -14
NR NR NR NR
65978 Metropolitan Life Ins Co 0 0 0 0 0
-63.82 -63.82 NR NR
68349 North Amer Ins Co 0 0 0 0 -97
-0.67 -0.67 NR NR
67261 Old Republic Life Ins Co 0 0 0 0 -16
0.00 0.00 0.00 0.00
88080 Omaha Hlth Ins Co 0 0 0 0 0
0.00 0.00 NR NR
76112 Oxford Life Ins Co 0 0 0 0 0
970.03 970.03 -11.63 -11.63
71099 Parker Centennial Assur Co 0 -2 -3 -19 6,465
NR NR NR NR
89007 Pavonia Life Ins Co Of DE 0 0 0 0 0
NR NR NR NR
68195 Provident Life & Accident Ins Co 0 0 0 0 0
-90,105.35 -90,105.35 NR NR
68241 Prudential Ins Co Of Amer 0 0 0 -5 -218,951
-11,228.98 -11,227.81 NR NR
61506 Resource Life Ins Co 0 0 0 0 -10,739
-5.63 -5.64 NR NR
99465 Servco Life Ins Co 0 0 0 0 -406
-75.73 -95.23 NR NR
77151 Service Life & Cas Ins Co 0 0 0 -86,911 -72,484
0.00 0.00 0.00 0.00
98868 Sheridan Life Ins Co 0 0 0 0 0
26.32 26.32 31.85 31.85
74365 Southern Pioneer Life Ins Co 0 0 430,083 458,354 583,119
28.04 28.04 514.21 514.21
91448 Southwest Credit Life Inc 0 -2,500 7,277 -5,000 14,108
0.00 0.00 0.00 0.00
69094 State Farm Life & Accident Asr Co 0 0 0 0 0
0.00 0.00 NR 0.00
69108 State Farm Life Ins Co 0 0 0 0 0
NR NR NR NR
65021 Stonebridge Life Ins Co 0 0 0 0 0
15.28 9.20 7.48 4.95
70435 The Savings Bank Mut Life Ins Co of 0 1,722 0 0 6,624
-25.23 -25.23 NR NR
69477 Time Ins Co 0 0 -1 -306 -45
-837.69 -837.69 0.00 0.00
69523 Trans Oceanic Life Ins Co 0 0 0 0 -4,490
37.39 32.08 NR NR
10952 Transamerica Cas Ins Co 0 0 0 3,208,939 0
-11.84 -11.84 NR NR
62596 Union Fidelity Life Ins Co 0 0 0 0 -70
29.97 19.80 17.04 10.50
81477 Union Security Life Ins Co of NY 0 1,470 87,425 113,650 273,227
-9.44 -9.44 0.00 0.00
87645 United Fidelity Life Ins Co 0 0 0 -43 -63
NR NR NR NR
69973 United Life Ins Co 0 0 0 0 0
NR NR NR NR
70173 Universal Underwriters Life Ins Co 0 0 0 0 0
29.20 21.05 NR NR
62235 Unum Life Ins Co Of Amer 0 0 0 358 4,716
-22.19 -25.00 -9.80 -9.80
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2019 - 2015 5-yr Aggr Loss Ratio at Prima Facie Rates 2019 - 2015 3- yr Aggregate Loss Ratio 2019 - 2017 3-yr Aggr Loss Ratio at Prima Facie Rates 2019 - 2017
Annual Incurred Claims (Losses) $ COMPANY NAME
COCODE
2019
2018
2017
2016
2015
0.00 0.00 0.00 0.00
68632 Vantis Life Ins Co 0 0 0 0 0
33.71 33.71 NR NR
93650 Versant Life Ins Co 0 0 0 426,214 130,541
NR NR NR NR
92053 Wateree Life Ins 0 0 0 0 0
-4.55 -4.55 -2.78 -2.78
66087 Mid West Natl Life Ins Co Of TN -6 -26 -48 -311 -235
26.53 NR 10.40 217.50
92274 Landcar Life Ins Co -475 16,345 11,533 122,741 213,821
79.32 81.66 14.88 15.14
70106 United States Life Ins Co in the Cit -1,565 259,956 -180,522 168,672 812,042
121.61 144.90 -264.92 -264.86
61409 National Benefit Life Ins Co -9,200 -17 7,887 -58,181 248,519
NR NR NR NR
65838 John Hancock Life Ins Co USA -11,707 -10,810 -33,520 -11,630 -16,793
14.20 9.85 -49.87 -31.76
71870 Fidelity Security Life Ins Co -26,592 -13,900 22,105 2,202 35,961
12.10 12.10 7.37 7.37
77690 Trans City Life Ins Co -160,653 390,328 280,079 292,353 427,824
326,421,096 312,016,041 299,557,360 291,505,727 41.51 44.74 41.64 44.74
COMPANIES IN REPORT - COUNTRYWIDE
118 274,324,968
© 2020 National Association of Insurance Commissioners
14
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
COUNTRYWIDECREDIT LIFELoss Ratio = Annual Incurred Claims (Losses) / Earned Premium
Loss Ratio at Prima Facie Rates = Annual Incurred Claims (Losses) $ / Earned Premiums at Prima Facie Rates
COCODE COMPANY NAME
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
47.05 46.17 48.85 47.91 50.12 37.91 37.10 39.42 38.29 41.74
62626 CMFG Life Ins Co
46.07 55.21 61.29 50.67 51.60 46.99 59.56 66.25 54.31 55.24
60518 American Hlth & Life Ins Co
50.27 52.96 50.96 56.45 49.79 49.07 50.24 48.81 53.55 47.38
66168 Minnesota Life Ins Co
60.12 59.86 56.85 55.49 52.55 59.61 59.29 56.16 55.04 52.13
97691 Life Of The South Ins Co
29.56 30.73 28.64 29.34 28.83 31.78 33.02 30.73 31.76 31.59
61751 Central States H & L Co Of Omaha
33.79 34.84 30.53 29.88 21.75 33.71 34.19 30.53 29.21 21.86
60739 American Natl Ins Co
78.49 74.02 62.46 57.25 56.33 81.64 78.60 66.53 60.07 58.17
65951 Merit Life Ins Co
34.20 35.54 32.50 35.17 32.56 34.81 36.19 32.98 35.44 32.70
97152 Plateau Ins Co
45.92 47.59 56.46 57.90 51.52 31.36 32.80 33.75 34.30 29.36
79715 Cooperativa De Seguros De Vida
18.33 48.96 55.36 45.47 43.27 18.33 48.96 55.36 45.47 43.27
98736 American Federated Life Ins Co
31.05 34.45 30.77 31.06 24.70 31.05 34.45 30.77 31.06 24.70
61298 Bankers Life Of LA
26.34 35.66 22.85 27.92 24.51 26.34 35.66 22.85 27.92 24.51
73156 Caribbean Amer Life Assur Co
50.05 61.11 55.92 50.17 66.46 45.59 57.10 50.12 45.45 61.76
93742 Securian Life Ins Co
32.71 37.08 33.24 34.29 28.82 29.40 33.32 33.33 34.24 28.62
67628 Pekin Life Ins Co
54.76 59.37 56.48 55.77 49.41 54.76 59.37 56.48 55.77 49.41
60242 Southern Financial Life Ins Co
49.53 58.56 42.72 35.74 47.69 48.12 55.80 39.52 33.89 45.94
60275 American Bankers Life Assur Co Of
26.37 25.43 32.04 34.15 33.53 26.35 25.26 30.86 35.29 39.41
99538 SWBC Life Ins Co
86.28 57.19 81.46 81.55 107.85 111.54 71.81 110.23 117.91 116.29
93777 Pavonia Life Ins Co of MI
17.86 21.60 19.21 28.12 23.36 20.16 24.26 21.47 30.97 25.51
68136 Protective Life Ins Co
21.48 24.44 30.60 23.89 39.52 21.48 24.44 30.65 23.89 39.52
64904 Investors Heritage Life Ins Co
72.55 34.27 41.13 34.36 29.13 61.20 27.66 22.72 29.04 25.06
66281 Transamerica Premier Life Ins Co
11.87 9.25 30.63 28.32 24.32 12.57 9.84 32.62 30.34 26.38
76007 Old United Life Ins Co
85.75 114.61 NR NR NR 85.75 68.06 NR NR NR
63126 American Nat Life Ins Co of NY
67.54 71.60 70.11 71.23 62.80 67.54 71.60 70.11 71.23 62.80
65480 Old Spartan Life Ins Co Inc
30.67 47.13 28.50 55.98 46.64 30.80 47.45 28.46 55.93 46.49
60836 American Republic Ins Co
11.66 18.05 20.04 26.44 16.88 11.66 18.05 20.04 26.44 16.88
60041 UNIVERSAL LIFE INS CO
20.89 25.44 22.54 19.20 25.97 18.05 22.11 19.21 16.11 21.39
77976 Gulf Guar Life Ins Co
12.81 8.23 12.70 13.62 14.61 12.82 10.59 12.70 13.62 11.81
77054 MAPFRE Life Ins Co of PR
63.81 14.47 NR NR 24.40 63.81 14.47 NR NR 24.40
83992 Foundation Life Ins Co Of AR
20.83 19.07 27.08 25.76 26.94 20.84 19.08 27.08 25.76 26.94
80020 Mountain Life Ins Co
134.08 104.52 127.77 72.26 555.75 134.18 104.58 127.10 71.91 894.44
60488 American Gen Life Ins Co
52.90 160.29 71.97 66.08 49.65 54.51 49.48 27.42 27.13 46.87
70688 Transamerica Financial Life Ins Co
21.16 61.30 39.89 38.01 43.44 17.65 51.85 28.94 33.38 37.81
86231 Transamerica Life Ins Co
23.61 16.23 39.14 18.51 26.63 23.61 16.23 39.14 18.51 26.63
60244 Kentucky Home Life Ins Co
1,079.54 67.76 359.27 127.87 -84.09 1,079.54 67.76 359.27 127.87 -85.99
93521 Coefficient Ins Co
19.25 19.32 13.79 37.09 28.44 23.60 23.64 16.85 45.75 35.00
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
COUNTRYWIDECREDIT LIFELoss Ratio = Annual Incurred Claims (Losses) / Earned Premium
Loss Ratio at Prima Facie Rates = Annual Incurred Claims (Losses) $ / Earned Premiums at Prima Facie Rates
COCODE COMPANY NAME
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
124.75 22.79 206.09 50.46 57.18 129.55 23.91 308.42 54.58 61.36
79340 Pavonia Life Ins Co NY
5.23 28.58 26.51 22.28 26.08 5.23 28.58 26.51 22.28 26.08
70548 Wichita Natl Life Ins Co
63.75 73.06 80.18 66.38 49.02 63.75 73.06 80.18 66.38 49.02
62650 Delta Life Ins Co
27.71 48.92 59.18 43.25 40.23 27.77 49.48 61.30 43.25 40.23
74233 First Natl Life Ins Co Of USA
33.74 34.73 53.28 45.02 14.58 33.74 34.73 53.28 45.02 14.58
72087 Multinational Life Ins Co
60.84 84.23 41.51 49.62 15.95 60.43 83.65 40.41 48.37 15.52
75094 Life Ins Co Of LA
21.86 25.27 40.01 42.00 37.61 21.85 25.26 39.98 42.13 37.57
81779 Individual Assur Co Life Hlth & Acc
26.76 28.18 33.59 29.84 40.05 26.76 28.18 33.59 29.84 40.05
64211 Guarantee Trust Life Ins Co
63.16 41.53 57.71 0.00 NR 16.81 9.01 13.65 0.00 NR
15940 Assurity Life Ins Co of NY
30.82 38.75 3.51 220.44 76.78 30.82 38.75 3.51 220.44 76.78
60246 Netcare Life & Hlth Ins Co
307.72 228.58 44.66 82.47 118.79 309.65 225.05 44.63 82.45 110.25
60895 American United Life Ins Co
88.07 35.44 43.86 57.60 57.10 87.88 35.36 44.22 63.05 62.46
71455 Financial Amer Life Ins Co
32.14 82.80 16.69 46.18 19.77 23.13 60.82 12.68 36.69 16.80
88536 Protective Life & Annuity Ins Co
18.72 14.25 NR -0.32 18.23 18.72 14.25 NR -0.32 18.23
74470 Rush Life Ins Co
5.74 2.65 15.67 9.37 6.32 5.74 2.65 15.67 9.37 6.32
71463 CICA Life Ins Co of Amer
11,764.71 3,957.78 3,138.98 938.70 136.07 11,764.71 3,957.78 3,138.98 938.70 136.07
65757 Shelter Life Ins Co
129.34 150.50 0.00 0.00 -8.15 129.34 150.50 0.00 0.00 -8.15
93815 Pacific Century Life Ins Corp
33.14 37.16 29.17 523.95 25.09 25.89 28.60 22.44 396.10 19.23
62553 Country Life Ins Co
2.53 29.59 NR NR 22.59 2.53 29.59 NR NR 22.59
73989 Mililani Life Ins Co Ltd
0.97 -19.80 -5.82 NR NR 0.97 -19.80 -5.85 NR NR
71390 Puritan Life Ins Co of Amer
NR NR NR NR NR NR NR NR NR NR
60054 Aetna Life Ins Co
NR NR NR 0.00 175.82 NR NR NR 0.00 107.43
79049 Alfa Life Ins Corp
NR NR NR NR NR NR NR NR NR NR
60186 Allstate Life Ins Co
NR 155.43 68.00 73.36 64.32 NR 155.43 68.00 73.36 64.32
60534 American Heritage Life Ins Co
NR NR 66.36 43.88 100.22 NR NR 65.41 42.74 97.59
65811 American Modern Life Ins Co
NR NR 50.93 21.25 NR NR NR 49.10 20.95 NR
13762 American Natl Lif Ins Co of NY
NR NR NR 8.89 0.00 NR NR NR 8.89 0.00
92649 American Underwriters Life Ins Co
NR 17.61 25.87 27.05 1.31 NR 17.61 25.87 27.05 1.31
86118 Arkansas Bankers Life Ins Co
0.00 -3.01 -1.32 -0.64 -0.65 0.00 -3.01 -1.32 -0.64 -0.65
61492 Athene Annuity & Life Assur Co
NR NR NR NR NR NR NR NR NR NR
61212 Baltimore Life Ins Co
NR NR 0.00 0.00 0.00 NR NR 0.00 0.00 0.00
61476 Boston Mut Life Ins Co
NR 115.14 -4.97 92.00 119.11 NR 115.13 -4.97 92.00 119.03
62383 Centurion Life Ins Co
NR NR NR -6.34 -1.04 NR NR NR -6.42 -1.04
94447 Century Life Ass Co
NR NR NR NR NR NR NR NR NR NR
88374 Commonwealth Dealers Life Ins Co
NR NR NR -15.32 -4.46 NR NR NR -10.86 -3.17
85090 Dearborn Natl Life Ins Co of NY
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
62928 EMC Natl Life Co
© 2020 National Association of Insurance Commissioners
16
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
COUNTRYWIDECREDIT LIFELoss Ratio = Annual Incurred Claims (Losses) / Earned Premium
Loss Ratio at Prima Facie Rates = Annual Incurred Claims (Losses) $ / Earned Premiums at Prima Facie Rates
COCODE COMPANY NAME
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
NR NR NR 0.00 0.00 NR NR NR 0.00 0.00
89087 Enterprise Life Ins Co
0.00 0.00 0.00 -50.10 28.96 0.00 0.00 0.00 -50.10 28.96
71480 Great Western Ins Co
NR NR NR -150.80 NR NR NR NR -150.80 NR
75612 Gulf States Life Ins Co
NR NR 2.04 3.91 11.48 NR NR 2.04 3.91 11.48
71323 Langhorne Reins AZ Ltd
NR NR NR NR NR NR NR NR NR NR
76503 Lasso Hlthcare Ins Co
NR NR NR 0.00 35.07 NR NR NR 0.00 43.66
65560 Life Protection Ins Co
NR NR NR -2.38 -0.87 NR NR NR -2.38 -0.87
99724 LifeShield Natl Ins Co
NR NR NR NR NR NR NR NR NR NR
65978 Metropolitan Life Ins Co
NR NR NR NR -63.82 NR NR NR NR -63.82
68349 North Amer Ins Co
NR NR NR 0.00 -0.68 NR NR NR 0.00 -0.68
67261 Old Republic Life Ins Co
NR NR 0.00 0.00 0.00 NR NR 0.00 0.00 0.00
88080 Omaha Hlth Ins Co
NR NR NR NR 0.00 NR NR NR NR 0.00
76112 Oxford Life Ins Co
NR -33.33 -8.11 -15.97 1,287.85 NR -33.33 -8.11 -15.97 1,287.85
71099 Parker Centennial Assur Co
NR NR NR NR NR NR NR NR NR NR
89007 Pavonia Life Ins Co Of DE
NR NR NR NR NR NR NR NR NR NR
68195 Provident Life & Accident Ins Co
NR NR NR -83.33 -92,384.39 NR NR NR -83.33 -92,384.39
68241 Prudential Ins Co Of Amer
NR NR NR NR -11,228.98 NR NR NR NR -11,227.81
61506 Resource Life Ins Co
NR NR NR NR -5.63 NR NR NR NR -5.64
99465 Servco Life Ins Co
NR NR NR -431.06 -38.09 NR NR NR -544.86 -47.86
77151 Service Life & Cas Ins Co
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
98868 Sheridan Life Ins Co
NR NR 31.85 19.81 30.26 NR NR 31.85 19.81 30.26
74365 Southern Pioneer Life Ins Co
NR -2,976.19 861.18 -53.99 35.88 NR -2,976.19 861.18 -53.99 35.88
91448 Southwest Credit Life Inc
NR NR 0.00 0.00 0.00 NR NR 0.00 0.00 0.00
69094 State Farm Life & Accident Asr Co
NR NR NR 0.00 0.00 NR NR 0.00 0.00 0.00
69108 State Farm Life Ins Co
NR NR NR NR NR NR NR NR NR NR
65021 Stonebridge Life Ins Co
0.00 46.55 0.00 0.00 32.76 0.00 26.31 0.00 0.00 18.52
70435 The Savings Bank Mut Life Ins Co of
NR NR NR -900.00 -3.31 NR NR NR -900.00 -3.31
69477 Time Ins Co
NR 0.00 0.00 0.00 -1,011.26 NR 0.00 0.00 0.00 -1,011.26
69523 Trans Oceanic Life Ins Co
NR NR NR 37.39 NR NR NR NR 32.08 NR
10952 Transamerica Cas Ins Co
NR NR NR NR -11.84 NR NR NR NR -11.84
62596 Union Fidelity Life Ins Co
NR 1.13 22.34 22.23 49.29 NR 0.65 14.09 15.10 34.03
81477 Union Security Life Ins Co of NY
0.00 NR 0.00 -11.68 -9.14 0.00 NR 0.00 -11.68 -9.14
87645 United Fidelity Life Ins Co
NR NR NR NR NR NR NR NR NR NR
69973 United Life Ins Co
NR NR NR NR NR NR NR NR NR NR
70173 Universal Underwriters Life Ins Co
NR NR NR 4.35 51.57 NR NR NR 3.14 37.19
62235 Unum Life Ins Co Of Amer
NR -42.86 -4.55 -36.41 -5.47 NR -42.86 -4.55 -43.03 -6.03
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
COUNTRYWIDECREDIT LIFELoss Ratio = Annual Incurred Claims (Losses) / Earned Premium
Loss Ratio at Prima Facie Rates = Annual Incurred Claims (Losses) $ / Earned Premiums at Prima Facie Rates
COCODE COMPANY NAME
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
68632 Vantis Life Ins Co
NR NR NR 44.94 18.57 NR NR NR 44.94 18.57
93650 Versant Life Ins Co
NR NR NR NR NR NR NR NR NR NR
92053 Wateree Life Ins
-1.87 -2.49 -3.18 -7.36 -3.54 -1.87 -2.49 -3.18 -7.36 -3.54
66087 Mid West Natl Life Ins Co Of TN
-5.11 25.91 6.03 30.50 30.29 -9.20 252.16 1,208.91 NR NR
92274 Landcar Life Ins Co
-1.47 139.51 -78.25 47.76 177.29 -1.44 145.12 -79.72 49.65 183.64
70106 United States Life Ins Co in the Cit
NR -73.91 1,647.01 -595.10 171.23 NR -73.91 1,646.63 -557.43 207.96
61409 National Benefit Life Ins Co
NR NR NR NR NR NR NR NR NR NR
65838 John Hancock Life Ins Co USA
-1,078.78 -176.89 83.27 4.98 61.77 -390.03 -95.21 60.61 4.98 36.45
71870 Fidelity Security Life Ins Co
-4.34 23.87 17.68 18.12 26.15 -4.34 23.87 17.68 18.12 26.15
77690 Trans City Life Ins Co
COMPANIES IN REPORT - COUNTRYWIDE 42.75 45.71 45.74 44.27 45.21 39.73 42.51 42.27 41.01 42.60
118
© 2020 National Association of Insurance Commissioners
18
CREDIT LIFE
ANNUAL INCURRED CLAIMS
BY STATE SUMMARY
© 2020 National Association of Insurance Commissioners
20
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE BY STATE 5-yr Aggregated Loss Ratio 2019 - 2015 5-yr Aggregated Loss Ratio at Prima Facie Rates 2019 - 2015 3-yr Aggregated Loss Ratio 2019 - 2017 Business Written in the State of 3-yr Aggregated Loss Ratio at Prima Facie Rates 2019 - 2017
Annual Incurred Claims (Losses) $
2019
2018
2017
2016
2015
37.36 37.82 Alabama 33.95 34.39 6,610,488 7,256,184 7,325,604 6,576,347 6,508,236 29.63 18.49 Alaska 29.30 18.31 36,205 96,834 27,444 190,038 240,540 63.17 -23.12 American Samoa 60.81 -23.12 0 -1 -125 2,047 12,555 31.17 22.95 Arizona 32.69 23.92 962,833 1,254,373 1,128,202 1,567,441 2,499,112 30.80 33.68 Arkansas 29.18 31.71 1,247,968 1,699,561 2,011,836 1,726,118 2,191,113 48.51 50.40 California 39.12 40.85 3,534,487 4,180,368 3,962,286 4,197,453 4,974,276 43.80 39.70 Colorado 41.94 37.97 1,334,635 1,166,467 1,653,700 1,536,739 2,642,220 24.40 25.96 Connecticut 22.05 23.00 566,117 875,419 1,158,482 807,049 1,139,358 44.75 46.29 Delaware 42.43 44.41 352,620 372,785 476,686 655,893 431,384 36.97 34.14 District Of Columbia 32.86 29.74 151,492 252,114 169,957 225,695 320,793 51.78 52.04 Florida 46.96 47.09 16,184,578 18,049,199 16,855,517 18,300,939 17,845,628 59.30 58.19 Georgia 58.81 57.80 15,049,282 14,621,083 14,958,179 15,700,905 15,964,951 24.86 21.26 Guam 24.85 21.26 568,800 690,586 805,124 1,251,690 877,854 35.81 38.86 Hawaii 33.00 34.07 1,352,544 1,032,395 1,255,345 1,015,043 1,039,034 37.66 35.36 Idaho 32.39 29.78 1,640,398 1,850,011 1,649,460 2,151,687 1,924,781 43.02 41.93 Illinois 42.76 41.68 7,551,076 7,258,697 8,898,375 8,907,572 10,101,363 61.69 63.05 Indiana 60.89 63.67 7,871,526 8,379,946 8,376,566 7,437,101 7,928,910 34.71 34.45 Iowa 34.84 34.76 2,524,046 2,811,026 2,837,471 3,072,127 3,580,269 38.42 39.91 Kansas 27.87 28.54 3,525,060 4,230,957 3,837,555 3,886,426 3,865,678 47.37 48.81 Kentucky 42.24 43.90 8,164,682 9,011,885 8,821,162 8,353,134 8,283,679 28.65 28.07 Louisiana 21.61 21.19 9,738,240 10,520,805 9,531,692 10,990,386 9,465,300 74.12 75.19 Maine 69.73 70.42 1,544,627 1,757,634 1,976,201 2,238,137 2,319,386 58.34 54.99 Maryland 36.06 33.81 3,165,932 3,190,531 3,885,648 4,423,117 4,394,169 34.67 30.89 Massachusetts 31.10 26.93 474,389 544,535 605,260 867,850 1,054,349 47.33 46.24 Michigan 42.44 40.77 12,043,200 13,500,490 13,907,199 14,389,710 14,565,082 53.51 54.70 Minnesota 54.52 55.60 2,841,924 2,515,056 3,984,121 3,520,608 3,415,932 37.88 37.07 Mississippi 32.71 31.95 9,449,670 9,555,180 9,599,966 9,296,697 9,131,538 48.84 50.24 Missouri 52.72 54.44 6,744,547 8,024,025 8,510,494 8,040,764 9,246,644 46.31 45.79 Montana 45.59 44.96 651,824 584,332 585,727 935,416 779,460 33.15 33.77 Nebraska 33.74 34.29 615,572 1,024,889 1,072,409 1,268,425 1,425,428 65.45 53.76 Nevada 65.22 52.63 326,789 471,745 476,035 712,074 908,338 43.17 46.32 New Hampshire 24.35 24.60 1,926,837 2,043,205 1,687,455 2,040,304 1,767,706 42.58 44.30 New Jersey 42.38 43.58 1,291,078 1,330,432 1,599,813 1,582,452 2,079,614 50.20 48.48 New Mexico 53.18 53.10 2,529,783 2,549,776 3,008,443 4,132,031 3,321,501 62.68 61.91 New York 48.61 47.93 14,597,252 15,527,397 14,945,828 17,466,715 16,437,780 57.14 57.43 North Carolina 54.88 56.24 15,970,918 14,766,822 15,383,024 14,193,729 15,946,247 45.58 45.03 North Dakota 44.72 44.14 1,730,077 1,615,883 1,641,309 1,795,653 2,312,054 37.95 51.16Northern Mariana Islands 37.90 51.16 274,179 112,268 64,930 43,246 26,211
50.19 53.18
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE BY STATE 5-yr Aggregated Loss Ratio 2019 - 2015 5-yr Aggregated Loss Ratio at Prima Facie Rates 2019 - 2015 3-yr Aggregated Loss Ratio 2019 - 2017 Business Written in the State of 3-yr Aggregated Loss Ratio at Prima Facie Rates 2019 - 2017
Annual Incurred Claims (Losses) $
2019
2018
2017
2016
2015
38.78 38.51 Oklahoma 38.57 38.32 3,497,392 4,380,369 3,955,005 3,991,212 5,452,133 59.66 59.77 Oregon 57.29 55.91 2,016,392 2,148,403 2,194,601 2,152,622 3,095,172 67.71 69.89 Pennsylvania 67.84 69.59 12,337,150 12,994,334 15,352,843 15,527,635 18,471,600 32.47 32.62 Puerto Rico 27.12 27.88 9,418,556 10,710,084 9,993,027 11,236,593 10,839,468 62.89 65.26 Rhode Island 46.46 41.21 54,970 259,718 203,364 219,532 317,104 52.45 50.72 South Carolina 51.55 49.83 11,660,792 11,240,637 10,953,780 12,594,029 11,767,176 31.32 30.40 South Dakota 28.95 27.61 616,890 627,253 916,344 864,994 1,176,477 44.95 44.96 Tennessee 39.98 39.31 12,093,379 13,629,654 13,252,260 12,904,777 13,115,692 33.01 34.10 Texas 38.26 39.36 31,232,466 32,598,922 34,098,757 34,938,892 34,063,562 37.71 18.47 US Virgin Islands 38.00 18.59 130,433 42,293 56,205 764,441 802,405 44.36 46.85 Utah 32.58 32.24 2,552,550 2,641,883 3,077,511 2,853,619 3,768,352 78.18 70.87 Vermont 72.31 65.15 512,538 651,448 969,242 909,470 1,116,893 57.98 58.25 Virginia 58.87 58.86 7,495,653 7,875,280 9,430,357 9,379,718 9,932,813 59.48 51.39 Washington 61.85 53.13 1,203,700 1,417,189 1,549,541 1,963,359 3,157,614 44.45 42.67 West Virginia 43.97 41.97 1,945,986 2,381,724 2,091,718 2,654,119 2,585,047 39.73 37.99 Wisconsin 38.70 37.50 3,196,832 3,537,224 3,759,794 3,744,980 4,925,588 35.53 33.85 Wyoming 35.17 33.47 417,458 273,350 335,663 326,410 659,187 44.74 41.64 44.74 41.51 291,505,727 299,557,360 312,016,041 326,421,096 Total 274,324,968© 2020 National Association of Insurance Commissioners
22
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE BY STATE
Loss Ratio = Annual Incurred Claims (Losses)/Earned Premium
Loss Ratio at Prima Facie Rates=Annual Incurred Claims (Losses) $/Earned Premiums at Prima Facie Rates Business Written in the
State of
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
34.62 38.84 40.11 35.88 37.45 31.44 35.26 36.60 32.77 33.77 Alabama 18.77 35.10 6.87 36.48 39.71 18.55 34.80 6.81 36.13 39.13 Alaska NR NR -22.94 40.44 72.53 NR NR -22.94 34.40 72.53 American Samoa 15.58 29.25 27.45 35.03 52.84 15.50 31.10 30.17 37.34 55.68 Arizona 30.68 31.55 38.18 29.12 26.83 29.05 30.10 35.32 27.56 25.71 Arkansas 48.74 56.31 46.66 44.02 48.39 41.40 45.07 36.78 35.30 38.80 California 39.29 34.86 44.43 37.07 59.85 39.12 32.20 42.32 35.91 56.81 Colorado 21.52 25.97 28.87 18.77 26.40 19.23 22.97 25.47 16.56 25.63 Connecticut 46.21 44.42 47.92 54.42 32.85 44.54 42.39 46.03 51.64 30.40 Delaware 32.20 44.22 26.58 32.62 48.77 27.89 38.58 23.23 29.30 45.16 District Of Columbia 50.06 55.46 50.62 50.87 51.99 45.21 50.41 45.70 46.29 47.31 Florida 58.14 56.36 60.16 60.93 60.96 57.75 56.14 59.59 60.56 60.02 Georgia 20.02 20.51 23.00 33.82 25.34 20.02 20.51 23.00 33.82 25.31 Guam 41.03 33.57 41.90 32.32 30.62 34.87 27.41 41.27 31.88 30.69 Hawaii 35.48 37.27 33.33 42.08 39.93 29.83 31.14 28.35 35.73 37.22 Idaho 42.90 38.02 44.84 42.52 46.34 41.92 38.83 44.10 41.43 46.94 Illinois 59.41 64.53 65.31 57.17 62.16 59.25 66.55 65.43 54.64 59.19 Indiana 35.33 34.89 33.31 33.38 36.57 35.31 36.09 33.11 33.33 36.46 Iowa 38.01 43.93 37.82 36.10 36.68 27.20 31.15 27.26 26.60 27.27 Kansas 44.93 51.48 50.17 45.29 45.25 41.49 45.92 44.29 39.70 40.07 Kentucky 24.63 31.43 28.78 31.94 27.16 19.22 23.35 21.22 23.91 20.63 Louisiana 73.47 76.53 75.40 72.67 73.15 68.65 72.77 69.81 69.74 68.20 Maine 52.58 52.09 59.96 64.84 60.85 37.36 31.95 32.83 38.62 39.54 Maryland 30.81 31.82 30.15 36.07 41.11 26.51 27.81 26.52 32.27 39.29 Massachusetts 41.57 49.28 48.05 49.05 48.75 37.17 41.12 44.11 45.09 44.84 Michigan 51.99 44.06 67.51 53.87 50.17 52.31 46.01 67.50 55.50 50.89 Minnesota 30.84 40.53 41.86 38.94 39.49 27.06 34.47 35.71 33.62 34.33 Mississippi 45.90 51.96 52.54 44.57 49.48 46.43 59.83 57.42 48.06 52.98 Missouri 54.54 44.34 39.96 54.58 40.09 53.65 43.66 39.07 54.15 39.42 Montana 28.33 39.52 32.84 32.94 32.19 28.46 40.02 33.64 34.35 32.25 Nebraska 41.40 61.63 58.35 72.22 85.18 40.50 59.92 57.52 74.58 85.51 Nevada 59.35 47.65 36.06 41.85 36.56 32.08 25.13 19.04 22.36 26.17 New Hampshire 44.12 43.30 45.33 37.08 44.10 44.16 43.28 43.36 37.31 44.51 New Jersey 48.56 46.94 49.79 59.31 45.44 51.55 51.91 55.57 61.55 45.63 New Mexico 59.52 66.64 59.84 66.10 61.41 47.90 51.20 44.98 47.70 51.68 New York 56.35 55.01 61.23 53.47 59.92 55.52 54.03 59.36 49.58 56.30 North Carolina 50.05 44.00 41.60 42.02 50.21 49.43 43.47 40.21 41.24 49.37 North Dakota 88.93 36.01 24.76 18.78 10.09 88.93 36.01 24.76 18.78 10.02Northern Mariana Islands
52.31 58.37 49.29 46.47 46.74 48.66 53.30 47.79 41.22 41.54
2019 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE BY STATE
Loss Ratio = Annual Incurred Claims (Losses)/Earned Premium
Loss Ratio at Prima Facie Rates=Annual Incurred Claims (Losses) $/Earned Premiums at Prima Facie Rates Business Written in the
State of
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
34.28 40.41 40.85 33.59 44.46 34.18 40.28 40.49 33.35 44.24 Oklahoma 60.49 59.65 59.24 50.93 67.43 56.56 55.64 55.59 50.41 67.07 Oregon 68.07 68.91 72.32 63.89 66.48 67.96 68.69 71.76 63.67 67.82 Pennsylvania 29.94 35.27 32.74 35.57 29.44 25.77 31.14 26.92 29.42 23.46 Puerto Rico 27.31 100.08 61.07 53.11 67.47 16.98 62.78 39.14 36.18 78.06 Rhode Island 50.83 51.10 50.23 57.08 53.03 50.60 49.26 49.61 56.12 52.17 South Carolina 30.74 26.33 33.73 28.53 35.88 27.04 24.08 31.19 26.75 34.02 South Dakota 42.02 46.37 46.47 44.55 45.32 36.26 41.27 40.46 38.90 43.32 Tennessee 34.42 33.84 34.06 31.86 31.28 39.20 39.21 39.63 37.28 36.32 Texas 38.67 10.12 11.61 43.60 45.33 39.02 10.32 11.54 43.60 46.07 US Virgin Islands 46.24 45.31 48.80 34.85 48.73 30.97 31.05 34.55 26.75 40.12 Utah 52.53 63.74 95.77 83.82 91.11 51.76 61.81 78.81 77.71 85.42 Vermont 56.99 57.08 60.36 55.32 60.02 56.60 58.43 61.19 55.96 61.91 Virginia 44.71 56.13 53.47 55.35 79.77 45.10 58.09 56.53 59.65 81.35 Washington 37.76 48.82 41.73 48.78 45.01 36.97 48.59 40.76 48.33 45.13 West Virginia 36.60 37.39 39.89 36.96 46.97 35.84 39.19 37.44 35.14 45.28 Wisconsin 49.16 26.84 28.82 25.71 48.41 48.87 26.45 28.47 25.57 47.87 Wyoming 42.75 45.71 45.74 44.27 45.21 39.73 42.51 42.27 41.01 42.60 Total© 2020 National Association of Insurance Commissioners
24
CREDIT LIFE
EARNED PREMIUMS
COUNTRYWIDE BY COMPANY
(3)
© 2020 National Association of Insurance Commissioners
26
2019 CREDIT EXPERIENCE REPORT
Earned Premiums
CREDIT LIFE COUNTRYWIDE Earned Premiums $
COCODE COMPANY NAME DOM Business Type
2019
2018
2017
2016
2015
62626 CMFG Life Ins Co IA L 193,940,962 200,734,359 204,853,220 201,710,535 196,333,811
60518 American Hlth & Life Ins Co TX L 101,618,943 77,126,986 49,618,378 50,146,585 52,015,352
66168 Minnesota Life Ins Co MN L 60,767,187 55,890,020 53,603,850 50,134,918 47,183,543
97691 Life Of The South Ins Co GA L 50,322,870 46,789,631 44,191,957 44,011,482 39,681,700
61751 Central States H & L Co Of Omaha NE L 44,095,002 50,501,890 59,370,948 64,977,165 65,316,949
60739 American Natl Ins Co TX L 24,771,644 27,073,407 28,532,530 28,166,237 28,798,601
97152 Plateau Ins Co TN L 20,411,717 21,700,973 22,038,004 20,762,551 19,061,177
98736 American Federated Life Ins Co MS L 20,003,996 8,039,122 7,849,411 7,773,490 7,157,288
73156 Caribbean Amer Life Assur Co PR L 13,583,241 13,337,764 14,011,364 14,531,100 14,750,976
61298 Bankers Life Of LA LA L 11,707,232 11,602,195 11,693,460 11,973,632 11,559,920
79715 Cooperativa De Seguros De Vida PR L 10,949,049 10,519,656 9,782,526 9,591,298 10,466,591
65951 Merit Life Ins Co TX L 9,583,789 22,253,273 42,922,947 43,365,004 38,135,048
68136 Protective Life Ins Co TN L 8,392,219 10,453,169 12,569,122 14,681,246 16,373,116
67628 Pekin Life Ins Co IL L 8,069,732 8,493,276 9,752,639 9,396,319 8,641,553
76007 Old United Life Ins Co AZ L 6,905,858 9,206,422 4,560,304 4,864,573 4,864,177
93742 Securian Life Ins Co MN L 5,989,475 7,135,727 2,962,315 2,788,250 3,048,699
99538 SWBC Life Ins Co TX L 5,853,808 6,467,547 6,076,356 5,066,903 1,313,450
60242 Southern Financial Life Ins Co KY L 4,361,446 4,137,313 3,912,198 3,782,078 3,761,862
64904 Investors Heritage Life Ins Co KY L 4,296,948 3,343,774 3,864,773 3,830,911 3,355,530
60275 American Bankers Life Assur Co Of FL FL L 4,264,611 6,857,057 13,599,630 21,161,078 30,329,793
60041 UNIVERSAL LIFE INS CO PR L 3,853,051 3,332,336 3,301,257 3,394,640 4,389,595
77690 Trans City Life Ins Co AZ L 3,699,294 1,635,117 1,584,174 1,613,352 1,636,331
70548 Wichita Natl Life Ins Co OK L 3,248,265 3,448,114 3,423,788 3,422,907 3,433,080
77054 MAPFRE Life Ins Co of PR PR L 3,123,798 3,269,068 3,547,104 3,869,066 6,122,655
77976 Gulf Guar Life Ins Co MS L 2,130,008 2,205,817 2,276,218 2,484,363 2,760,114
80020 Mountain Life Ins Co TN L 1,828,829 3,517,541 2,100,132 2,259,134 2,345,352
93777 Pavonia Life Ins Co of MI MI L 1,762,341 2,273,238 3,898,789 9,535,723 16,533,038
60836 American Republic Ins Co IA L 1,609,340 1,742,424 1,881,947 2,317,582 2,567,765
86231 Transamerica Life Ins Co IA L 1,343,104 1,389,074 3,644,829 13,735,056 24,759,656
66281 Transamerica Premier Life Ins Co IA L 1,160,514 2,013,902 3,526,428 6,896,655 10,486,617
85677 Life Assur Co Inc OK L 1,033,367 1,225,569 1,347,168 1,537,813 1,729,829
60244 Kentucky Home Life Ins Co KY L 941,590 924,395 965,752 1,148,983 1,100,821
65480 Old Spartan Life Ins Co Inc SC L 890,169 896,897 914,602 1,010,022 1,105,213
63126 American Nat Life Ins Co of NY NY L 728,357 480,286 0 0 0
83992 Foundation Life Ins Co Of AR AR L 606,640 722,359 0 0 500,612
70688 Transamerica Financial Life Ins Co NY L 582,890 237,616 1,272,152 3,055,837 4,554,842
71463 CICA Life Ins Co of Amer CO L 388,367 383,692 392,578 428,470 418,741
81779 Individual Assur Co Life Hlth & Acc OK L 365,837 973,168 1,190,410 2,639,438 3,772,511
74233 First Natl Life Ins Co Of USA NE L 364,904 447,008 558,359 675,156 758,571
72087 Multinational Life Ins Co PR L 277,142 314,098 354,935 709,685 1,682,372
64211 Guarantee Trust Life Ins Co IL L 276,698 569,673 1,097,491 1,935,880 3,092,948
2019 CREDIT EXPERIENCE REPORT
Earned Premiums
CREDIT LIFE COUNTRYWIDE Earned Premiums $
COCODE COMPANY NAME DOM Business Type
2019
2018
2017
2016
2015
62650 Delta Life Ins Co GA L 193,466 229,309 229,346 231,564 247,261
74470 Rush Life Ins Co LA L 148,282 269,115 0 319,842 342,855
75094 Life Ins Co Of LA LA L 147,477 151,351 175,473 153,327 291,481
60246 Netcare Life & Hlth Ins Co GU L 146,857 133,276 71,890 66,241 61,380
79340 Pavonia Life Ins Co NY NY L 146,299 279,016 197,959 1,493,836 1,704,082
70106 United States Life Ins Co in the Cit NY L 106,258 186,338 230,709 353,195 458,035
88536 Protective Life & Annuity Ins Co AL L 97,336 139,444 189,484 243,226 294,331
15940 Assurity Life Ins Co of NY NY L 89,523 94,807 83,134 8,599 0
73989 Mililani Life Ins Co Ltd HI L 63,179 74,346 0 0 99,763
71455 Financial Amer Life Ins Co KS L 49,144 368,532 965,040 2,426,622 4,618,147
93521 Coefficient Ins Co SC L 20,504 27,295 65,200 97,336 144,848
98868 Sheridan Life Ins Co OK L 17,010 23,257 23,655 21,966 8,702
60895 American United Life Ins Co IN L 14,281 22,333 43,863 82,379 165,436
92274 Landcar Life Ins Co UT L 9,298 63,080 191,179 402,439 705,809
70435 The Savings Bank Mut Life Ins Co of MA L 8,084 3,699 11,233 11,393 20,219
62553 Country Life Ins Co IL L 6,277 6,609 7,230 7,922 8,748
71390 Puritan Life Ins Co of Amer AZ L 5,802 25,251 32,372 0 0
93815 Pacific Century Life Ins Corp AZ L 4,441 5,000 3,951 1,072 184,027
71870 Fidelity Security Life Ins Co MO L 2,465 7,858 26,546 44,191 58,221
62928 EMC Natl Life Co IA L 768 803 694 1,106 1,156
71480 Great Western Ins Co IA L 729 799 2,071 3,992 8,164
61492 Athene Annuity & Life Assur Co DE L 398 599 907 1,867 2,144
66087 Mid West Natl Life Ins Co Of TN TX L 321 1,044 1,510 4,226 6,644
65757 Shelter Life Ins Co MO L 85 379 1,003 3,452 11,592
68632 Vantis Life Ins Co CT L 9 81 327 665 1,347
87645 United Fidelity Life Ins Co TX L 7 0 59 368 689
60054 Aetna Life Ins Co CT L 0 0 0 0 0
79049 Alfa Life Ins Corp AL L 0 0 0 2,892 8,365
60186 Allstate Life Ins Co IL L 0 0 0 0 0
60534 American Heritage Life Ins Co FL L 0 22,847 144,071 552,473 1,294,820
65811 American Modern Life Ins Co OH L 0 0 3,532,369 6,134,140 7,937,121
13762 American Natl Lif Ins Co of NY NY L 0 0 656,681 199,810 0
92649 American Underwriters Life Ins Co AZ L 0 0 0 19,103 29,894
86118 Arkansas Bankers Life Ins Co AR L 0 796,088 820,368 918,200 2,155,248
61212 Baltimore Life Ins Co MD L 0 0 0 0 0
61476 Boston Mut Life Ins Co MA L 0 0 2 161 218
62383 Centurion Life Ins Co IA L 0 25,050 85,516 124,845 201,423
94447 Century Life Ass Co OK L 0 0 0 36,733 69,645
88374 Commonwealth Dealers Life Ins Co VA L 0 0 0 0 0
85090 Dearborn Natl Life Ins Co of NY NY L 0 0 0 124 426
89087 Enterprise Life Ins Co TX L 0 0 0 222 353
75612 Gulf States Life Ins Co LA L 0 0 0 4,642 -244
© 2020 National Association of Insurance Commissioners
28
2019 CREDIT EXPERIENCE REPORT
Earned Premiums
CREDIT LIFE COUNTRYWIDE Earned Premiums $
COCODE COMPANY NAME DOM Business Type
2019
2018
2017
2016
2015
65838 John Hancock Life Ins Co USA MI L 0 0 0 0 0
71323 Langhorne Reins AZ Ltd AZ L 0 0 683,327 928,806 933,268
76503 Lasso Hlthcare Ins Co TX L 0 0 0 0 0
65560 Life Protection Ins Co TX L 0 0 0 2,452 23,955
99724 LifeShield Natl Ins Co OK L 0 0 0 462 1,608
65978 Metropolitan Life Ins Co NY L 0 0 0 0 0
61409 National Benefit Life Ins Co NY L 0 23 479 9,777 145,141
68349 North Amer Ins Co WI L 0 0 0 0 152
67261 Old Republic Life Ins Co IL L 0 0 0 26 2,359
88080 Omaha Hlth Ins Co NE L 0 0 363 584 808
76112 Oxford Life Ins Co AZ L 0 0 0 0 22
71099 Parker Centennial Assur Co WI L 0 6 37 119 502
89007 Pavonia Life Ins Co Of DE DE L 0 0 0 0 0
68195 Provident Life & Accident Ins Co TN L 0 0 0 0 0
68241 Prudential Ins Co Of Amer NJ L 0 0 0 6 237
61506 Resource Life Ins Co IL L 0 0 0 0 96
99465 Servco Life Ins Co TX L 0 0 0 0 7,205
77151 Service Life & Cas Ins Co TX L 0 0 0 20,162 190,310
74365 Southern Pioneer Life Ins Co AR L 0 0 1,350,136 2,314,088 1,927,082
91448 Southwest Credit Life Inc NM L 0 84 845 9,261 39,323
69094 State Farm Life & Accident Asr Co IL L 0 0 1 19 45
69108 State Farm Life Ins Co IL L 0 0 -1 49 194
65021 Stonebridge Life Ins Co VT L 0 0 0 0 0
69477 Time Ins Co WI L 0 0 0 34 1,361
69523 Trans Oceanic Life Ins Co PR L 0 13 13 66 444
10952 Transamerica Cas Ins Co IA P 0 0 0 8,583,308 0
62596 Union Fidelity Life Ins Co KS L 0 0 0 0 591
81477 Union Security Life Ins Co of NY NY L 0 130,443 391,335 511,272 554,332
69973 United Life Ins Co IA L 0 0 0 0 0
70173 Universal Underwriters Life Ins Co KS L 0 0 0 0 0
62235 Unum Life Ins Co Of Amer ME L 0 0 0 8,234 9,144
69663 USAA Life Ins Co TX L 0 7 44 195 128
93650 Versant Life Ins Co MS L 0 0 0 948,502 703,022
92053 Wateree Life Ins SC L 0 0 0 0 0
2019 CREDIT EXPERIENCE REPORT
Earned Premiums
CREDIT LIFE COUNTRYWIDE % of Earned Premiums Over or (Under) Earned Premiums at Prima Facie Rates Earned Premiums at Prima Facie Rates $
COMPANY NAME DOM BusinessType
COCODE
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
-19.42 -19.65 -19.31 -20.07 -16.72 CMFG Life Ins Co L 249,822,674 253,885,016 252,360,031 235,761,702
62626 IA 240,680,649
2.00 7.89 8.09 7.17 7.06 American Hlth & Life Ins Co L 71,489,436 45,903,550 46,791,448 48,585,084
60518 TX 99,630,617
-2.37 -5.14 -4.22 -5.13 -4.84 Minnesota Life Ins Co L 58,919,961 55,962,795 52,847,639 49,581,802
66168 MN 62,243,615
-0.85 -0.94 -1.21 -0.80 -0.80 Life Of The South Ins Co L 47,235,856 44,731,493 44,367,125 40,001,958
97691 GA 50,753,226
7.51 7.44 7.31 8.26 9.55 Central States H & L Co Of Omaha L 47,003,323 55,328,381 60,022,066 59,624,079
61751 NE 41,012,914
-0.23 -1.89 0.01 -2.22 0.49 American Natl Ins Co L 27,593,784 28,530,452 28,804,422 28,658,090
60739 TX 24,829,945
1.79 1.84 1.47 0.76 0.43
Plateau Ins Co L 21,307,954 21,717,680 20,606,450 18,979,776
97152 TN 20,052,692
0.00 0.00 0.00 0.00 0.00 American Federated Life Ins Co L 8,039,121 7,849,411 7,773,490 7,157,288
98736 MS 20,003,996
-31.72 -31.06 -40.22 -40.75 -43.01 Cooperativa De Seguros De Vida L 15,259,802 16,365,292 16,189,114 18,366,636
79715 PR 16,036,405
0.00 0.00 0.00 0.00 0.00 Caribbean Amer Life Assur Co L 13,337,764 14,011,364 14,531,100 14,750,976
73156 PR 13,583,241
0.00 0.00 0.00 0.00 0.00 Bankers Life Of LA L 11,602,195 11,693,460 11,973,632 11,559,920
61298 LA 11,707,232
4.01 6.19 6.52 4.92 3.28 Merit Life Ins Co L 20,956,464 40,294,837 41,332,670 36,924,549
65951 TX 9,213,926
-10.12 -10.14 0.26 -0.17 -0.70
Pekin Life Ins Co L 9,451,221 9,726,916 9,411,957 8,702,594
67628 IL 8,978,684
12.89 12.29 11.76 10.15 9.21 Protective Life Ins Co L 9,309,158 11,246,953 13,327,864 14,992,132
68136 TN 7,433,845
-8.92 -6.55 -10.38 -9.41 -7.07 Securian Life Ins Co L 7,636,188 3,305,341 3,077,857 3,280,741
93742 MN 6,576,338
5.91 6.30 6.50 7.16 8.45 Old United Life Ins Co L 8,660,619 4,282,121 4,539,462 4,485,031
76007 AZ 6,520,433
-0.08 -0.66 -3.69 3.33 17.55
SWBC Life Ins Co L 6,510,410 6,308,851 4,903,633 1,117,355
99538 TX 5,858,243
-2.84 -4.71 -7.51 -5.17 -3.67 American Bankers Life Assur Co Of FL L 7,195,987 14,703,759 22,315,491 31,486,033
60275 FL 4,389,484
0.00 0.00 0.00 0.00 0.00 Southern Financial Life Ins Co L 4,137,313 3,912,198 3,782,078 3,761,862
60242 KY 4,361,446
0.00 0.00 0.19 0.00 0.00 Investors Heritage Life Ins Co L 3,343,774 3,857,384 3,830,911 3,355,530
64904 KY 4,296,948
0.00 0.00 0.00 0.00 0.00 UNIVERSAL LIFE INS CO L 3,332,336 3,301,257 3,394,640 4,389,595
60041 PR 3,853,051
0.00 0.00 0.00 0.00 0.00 Trans City Life Ins Co L 1,635,118 1,584,175 1,613,352 1,636,330
77690 AZ 3,699,294
0.00 0.00 0.00 0.00 0.00 Wichita Natl Life Ins Co L 3,447,991 3,423,788 3,422,908 3,433,080
70548 OK 3,248,265
0.10 28.67 0.00 0.00 -19.14 MAPFRE Life Ins Co of PR L 2,540,700 3,547,104 3,869,066 7,572,149
77054 PR 3,120,766
-13.60 -13.12 -14.80 -16.11 -17.67 Gulf Guar Life Ins Co L 2,538,846 2,671,504 2,961,438 3,352,483
77976 MS 2,465,343
0.08 0.04 0.00 0.00 0.00 Mountain Life Ins Co L 3,516,243 2,100,132 2,259,134 2,345,352
80020 TN 1,827,408
-16.61 -15.41 -27.45 -12.17 -12.96 Transamerica Life Ins Co L 1,642,218 5,023,881 15,639,068 28,446,305
86231 IA 1,610,719
0.42 0.67 -0.15 -0.09 -0.32 American Republic Ins Co L 1,730,786 1,884,741 2,319,608 2,576,012
60836 IA 1,602,550
-15.64 -19.31 -44.75 -15.47 -13.97 Transamerica Premier Life Ins Co L 2,495,863 6,383,003 8,159,182 12,189,428
66281 IA 1,375,630
29.27 25.56 35.32 44.59 7.82 Pavonia Life Ins Co of MI L 1,810,546 2,881,152 6,595,106 15,333,299
93777 MI 1,363,317
0.00 0.00 0.00 0.00 0.00 Kentucky Home Life Ins Co L 924,395 965,752 1,148,983 1,100,821
60244 KY 941,590
0.00 0.00 0.00 0.00 0.00 Old Spartan Life Ins Co Inc L 896,897 914,602 1,010,022 1,105,213
65480 SC 890,169
22.61 22.38 22.17 23.33 23.06
Life Assur Co Inc L 1,001,424 1,102,670 1,246,905 1,405,675
85677 OK 842,800
0.00 -40.61 NR NR NR
American Nat Life Ins Co of NY L 808,748 0 0 0
63126 NY 728,357
0.00 0.00 NR NR 0.00
Foundation Life Ins Co Of AR L 722,359 0 0 500,612
83992 AR 606,640
3.04 -69.13 -61.91 -58.95 -5.60 Transamerica Financial Life Ins Co L 769,766 3,339,601 7,443,357 4,824,854
70688 NY 565,693
© 2020 National Association of Insurance Commissioners
30
2019 CREDIT EXPERIENCE REPORT
Earned Premiums
CREDIT LIFE COUNTRYWIDE % of Earned Premiums Over or (Under) Earned Premiums at Prima Facie Rates Earned Premiums at Prima Facie Rates $
COMPANY NAME DOM BusinessType
COCODE
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
0.00 0.00 0.00 0.00 0.00
CICA Life Ins Co of Amer L 383,692 392,578 428,470 418,741
71463 CO 388,367
-0.05 -0.05 -0.08 0.33 -0.10 Individual Assur Co Life Hlth & Acc L 973,630 1,191,339 2,630,859 3,776,276
81779 OK 366,014
0.20 1.15 3.59 0.00 0.00 First Natl Life Ins Co Of USA L 441,926 539,026 675,156 758,571
74233 NE 364,165
-73.38 -78.31 -76.35 -71.69 NR
Assurity Life Ins Co of NY L 437,052 351,471 30,378 0
15940 NY 336,276
0.00 0.00 0.00 0.00 0.00
Multinational Life Ins Co L 314,098 354,935 709,685 1,682,372
72087 PR 277,142
0.00 0.00 0.00 0.00 0.00 Guarantee Trust Life Ins Co L 569,673 1,097,485 1,935,887 3,092,948
64211 IL 276,698
0.08 0.06 -0.53 -0.48 60.94 American Gen Life Ins Co L 961,485 1,669,592 2,085,969 266,372
60488 TX 261,421
0.00 0.00 0.00 0.00 0.00
Delta Life Ins Co L 229,309 229,346 231,568 247,261
62650 GA 193,466
-0.67 -0.69 -2.66 -2.52 -2.72
Life Ins Co Of LA L 152,397 180,264 157,287 299,624
75094 LA 148,468
0.00 0.00 NR 0.00 0.00
Rush Life Ins Co L 269,115 0 319,842 342,855
74470 LA 148,282
0.00 0.00 0.00 0.00 0.00
Netcare Life & Hlth Ins Co L 133,276 71,890 66,241 61,380
60246 GU 146,858
3.84 4.94 49.65 8.15 7.31
Pavonia Life Ins Co NY L 265,885 132,280 1,381,224 1,588,052
79340 NY 140,883
-28.03 -26.55 -24.04 -20.56 -15.02 Protective Life & Annuity Ins Co L 189,851 249,436 306,191 346,335
88536 AL 135,251
-2.30 4.03 1.88 3.96 3.58 United States Life Ins Co in the Cit L 179,128 226,453 339,752 442,196
70106 NY 108,762
0.00 0.00 NR NR 0.00
Mililani Life Ins Co Ltd L 74,346 0 0 99,763
73989 HI 63,179
-0.22 -0.22 0.82 9.47 9.39 Financial Amer Life Ins Co L 369,347 957,152 2,216,655 4,221,887
71455 KS 49,250
0.00 0.00 0.00 0.00 2.26
Coefficient Ins Co L 27,295 65,200 97,336 141,640
93521 SC 20,504
0.00 0.00 0.00 0.00 0.00
Sheridan Life Ins Co L 23,257 23,655 21,966 8,702
98868 OK 17,010
0.63 -1.54 -0.07 -0.02 -7.19
American United Life Ins Co L 22,683 43,893 82,399 178,250
60895 IN 14,192
0.00 -43.48 -44.27 -43.48 -43.48 The Savings Bank Mut Life Ins Co of L 6,545 20,157 20,157 35,772
70435 MA 8,084
-21.86 -23.04 -23.08 -24.40 -23.38
Country Life Ins Co L 8,588 9,399 10,479 11,417
62553 IL 8,033
-63.85 -46.17 -27.22 0.00 -40.99
Fidelity Security Life Ins Co L 14,599 36,473 44,191 98,656
71870 MO 6,818
0.00 0.00 0.60 NR NR
Puritan Life Ins Co of Amer L 25,251 32,179 0 0
71390 AZ 5,802
80.09 873.16 9,939.732,626.61 1,003.23
Landcar Life Ins Co L 6,482 954 -15,928 -78,143
92274 UT 5,163
0.00 0.00 0.00 0.00 0.00
Pacific Century Life Ins Corp L 5,000 3,951 1,072 184,027
93815 AZ 4,441
0.00 0.00 0.00 0.00 0.00
EMC Natl Life Co L 803 694 1,106 1,156
62928 IA 768
0.00 0.00 0.00 0.00 0.00
Great Western Ins Co L 799 2,071 3,992 8,164
71480 IA 729
0.00 0.00 0.00 0.00 0.05
Athene Annuity & Life Assur Co L 599 907 1,867 2,143
61492 DE 398
0.00 0.00 0.00 0.00 0.00
Mid West Natl Life Ins Co Of TN L 1,044 1,510 4,226 6,644
66087 TX 321
0.00 0.00 0.00 0.00 0.00
Shelter Life Ins Co L 379 1,003 3,452 11,592
65757 MO 85
0.00 0.00 0.00 0.00 0.00
Vantis Life Ins Co L 81 327 665 1,347
68632 CT 9
0.00 NR 0.00 0.00 0.00
United Fidelity Life Ins Co L 0 59 368 689
87645 TX 7
NR NR NR NR NR
Aetna Life Ins Co L 0 0 0 0
60054 CT 0
NR NR NR -60.35 -38.90
Alfa Life Ins Corp L 0 0 7,292 13,690
79049 AL 0
NR NR NR NR NR
Allstate Life Ins Co L 0 0 0 0
60186 IL 0
NR 0.00 0.00 0.00 0.00 American Heritage Life Ins Co L 22,847 144,071 552,473 1,294,817
2019 CREDIT EXPERIENCE REPORT
Earned Premiums
CREDIT LIFE COUNTRYWIDE % of Earned Premiums Over or (Under) Earned Premiums at Prima Facie Rates Earned Premiums at Prima Facie Rates $
COMPANY NAME DOM BusinessType
COCODE
2019
2018
2017
2016
2015
2019
2018
2017
2016
2015
NR NR -1.42 -2.61 -2.62
American Modern Life Ins Co L 0 3,583,321 6,298,627 8,150,896
65811 OH 0
NR NR -3.59 -1.42 NR
American Natl Lif Ins Co of NY L 0 681,150 202,698 0
13762 NY 0
NR NR NR 0.00 0.00
American Underwriters Life Ins Co L 0 0 19,103 29,894
92649 AZ 0
NR 0.00 0.00 0.00 0.00 Arkansas Bankers Life Ins Co L 796,088 820,368 918,200 2,155,248
86118 AR 0
NR NR NR NR NR
Baltimore Life Ins Co L 0 0 0 0
61212 MD 0
NR NR 0.00 0.00 0.00
Boston Mut Life Ins Co L 0 2 161 218
61476 MA 0
NR -0.01 0.00 0.00 -0.07
Centurion Life Ins Co L 25,052 85,519 124,847 201,564
62383 IA 0
NR NR NR 1.21 0.00
Century Life Ass Co L 0 0 36,294 69,645
94447 OK 0
NR NR NR NR NR
Commonwealth Dealers Life Ins Co L 0 0 0 0
88374 VA 0
NR NR NR -29.14 -28.88
Dearborn Natl Life Ins Co of NY L 0 0 175 599
85090 NY 0
NR NR NR 0.00 0.00
Enterprise Life Ins Co L 0 0 222 353
89087 TX 0
NR NR NR 0.00 0.00
Gulf States Life Ins Co L 0 0 4,642 -244
75612 LA 0
NR NR NR NR NR
John Hancock Life Ins Co USA L 0 0 0 0
65838 MI 0
NR NR 0.00 0.00 0.00
Langhorne Reins AZ Ltd L 0 683,327 928,806 933,268
71323 AZ 0
NR NR NR NR NR
Lasso Hlthcare Ins Co L 0 0 0 0
76503 TX 0