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Credit Life Insurance and
Credit Accident & Health
Insurance Experience
2006-2010
Accounting & Reporting
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© 2003–2007, 2009–2011 National Association of Insurance Commissioners. All rights reserved.
ISBN: 978-1-59917-436-5
Printed in the United States of America
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Report also purchase one or more of the following products:
Companion Products
Long-Term Care Experience Reports
Based on the Long-Term Care Experience Reporting Form B, these reports
contain: 1) countrywide company-specific experience for all forms combined,
with the experience segmented by duration; and 2) countrywide
company-specific experience displayed on a form-by-form basis. With the exception of
policy forms developed since 1991, the experience reported in Form B is
cumulative from 1991 or earlier. Annual reports are available since 1992.
Updated annually.
Medicare Supplement Loss Ratios
Contains the latest available data drawn from Medicare Supplement Insurance
Expense Exhibits filed with the NAIC. Identifies direct premiums earned,
market share, direct claims incurred and loss ratios on a countrywide basis.
A listing of the top 10 companies by state by direct premiums earned is also
included in this report. Reports available since 1990. Updated annually.
The Regulation of Credit Insurance: An Overview
Compiles the various approaches to regulating the credit insurance
marketplace used by state insurance departments and assesses the
effectiveness of those approaches in accomplishing regulatory goals.
Copyright 1992.
Financial Statement Data
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Credit Life Insurance and Credit Accident & Health Insurance Experience 2006-2010
TABLE OF CONTENTS
Introduction ...1
Report Format ...1
Qualifications ...3
Credit Life Insurance and Credit Accident & Health Insurance Experience –
2001–2010...4
Credit Life Insurance Experience Trends 2001–2010 ...5
Credit Life Insurance Experience Loss Ratios ...6
Credit A & H Insurance Experience Trends 2001–2010 ...7
Credit A & H Insurance Experience Loss Ratios ...8
Credit Life Annual Incurred Claims Countrywide By Company ...9
Credit Life Annual Incurred Claims By State Summary ...23
Credit Life Earned Premiums Countrywide By Company ...29
Credit Life Earned Premiums By State Summary ...43
Credit Life Net Written Premiums Countrywide By Company ...49
Credit Life Net Written Premiums By State Summary ...63
Credit Accident and Health Annual Incurred Claims Countrywide By Company ...69
Credit Accident and Health Annual Incurred Claims By State Summary ...83
Credit Accident and Health Earned Premiums Countrywide By Company ...89
Credit Accident and Health Earned Premiums By State Summary ...101
Credit Accident and Health Net Written Premiums Countrywide By Company ...107
Credit Accident and Health Net Written Premiums By State Summary ...119
Table 1 – Credit Insurance Regulatory Provisions ...125
INTRODUCTION
The
Credit Life Insurance and Credit Accident & Health Insurance Experience Report for the
years 2006-2010 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.
In 1985, the credit insurance exhibit was modified such that data could be readily compiled,
reported, processed and analyzed for insurers and regulators. Specifically, the modifications
were designed to provide a tool for prima facie rate administration and to provide loss ratio data.
There are 192 companies listed in the Credit Life Reports, down from 205 companies last year.
The number of companies reported in the Credit Accident & Health Reports this year decreased
to 179 companies, from 195 companies last year. All companies reporting data in 2010, 2009,
2008, 2007, and 2006 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
6) By State Summary
12) By State Summary
The Annual Incurred Claims Countrywide by Company Reports list the companies in
descending order of direct written premium and market share. The Annual Incurred Claims by
State Reports list information by state in alphabetical order. The following information is
provided:
v
Three- and Five-year Aggregated Loss Ratio
v
Three- and Five-year Aggregated Loss Ratio at Prima Facie Rates
v
Annual Incurred Claims (2010, 2009, 2008, 2007, and 2006)
v
Actual Calendar Year Loss Ratios (2010, 2009, 2008, 2007, and 2006)
v
Calendar Year Loss Ratios at Prima Facie Rates (2010, 2009, 2008, 2007, and 2006)
Loss ratios are calculated by dividing earned premiums by incurred losses. Calculations do not
omit thousands. Actual earned premiums were substituted for earned premiums at prima facie
rates when the latter were reported as zero. All results were arbitrarily limited to a maximum of
+999.9 and a minimum of -999.9.
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:
v
State of Domicile
(Countrywide Report Only)
v
Business Type: L=Life and P=Property and Casualty
(Countrywide Report Only)
v
Number of Companies Reporting “Net Written Premiums” for Credit Insurance (2010,
2009, 2008, 2007, and 2006)
(By State Report Only)
v
Direct Earned Premiums (2010, 2009, 2008, 2007, and 2006)
v
Earned Premium at Prima Facie Rates (2010, 2009, 2008, 2007, and 2006)
The Earned Premiums Reports show amounts rounded to the nearest thousand dollars. A zero on
the Premium and Loss Reports may represent values from zero to $499. If a negative sign
appears with a zero, the value represented ranges from a negative $1 to a negative $499.
The Net Written Premiums Countrywide by Company Reports list all insurers by amount of
net premiums written. The report includes the following:
v
State of Domicile
(Countrywide Report Only)
v
Business Type: L=Life and P=Property and Casualty
(Countrywide Report Only)
v
Number of Companies Reporting “Net Written Premiums” for Credit Insurance (2010,
2009, 2008, 2007, and 2006)
(By State Report Only)
v
Net Written Premiums (2010, 2009, 2008, 2007, and 2006)
v
Net Written Premiums Annual Percentage Change (2010, 2009, 2008, 2007, and 2006)
v
Percent of Total Net Written Premiums—
Market Share (2010, 2009, 2008, 2007, and
2006)
© 2011 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.
Any questions about the report may be referred to Sara Pankow at (816) 783-8757 or Aaron
Brandenburg at (816) 783-8271. Additional copies can be obtained from an NAIC representative
at:
NAIC Central Office
2301 McGee Street, Suite 800
Kansas City, MO 64108-2604
Credit Life Insurance and Credit Accident & Health Insurance Experience
2001-2010*
(Dollars in 000s)
Net
Written Premiums
Actual
Earned Premiums
Direct
Losses Incurred
Loss
Ratio (%)
Credit Life
2001 2,006,309
2,228,267
913,682
41.0
2002 1,486,992
2,098,566
871,732
41.5
2003 1,147,722
1,848,040
793,733
42.9
2004 1,256,928
1,647,627
714,134
43.3
2005
1,304,959 1,565,777 649,798 41.5
2006 1,287,991
1,445,583
624,752
43.2
2007 1,271,964
1,362,077
581,378
42.7
2008 1,098,749
1,221,449
553,557
45.3
2009 805,184
1,085,005
489,530
45.1
2010 772,980
933,396
446,256
47.8
2001-2010 1,243,978 1,543,579
663,855
43.0
Credit
Accident &
Health
2001 2,261,029
2,301,646
1,152,279
50.1
2002 1,872,098
2,149,016
1,060,257
49.3
2003 1,527,045
1,971,736
927,835
47.1
2004 1,517,234
1,781,189
836,475
47.0
2005 1,476,698
1,664,758
672,757
40.4
2006 1,429,367
1,556,619
610,260
39.2
2007 1,401,333
1,502,235
552,750
36.8
2008
1,244,620
1,361,185
549,117
40.3
2009
939,827
1,209,115
525,333
43.4
2010 877,745
1,028,696
470,450
45.7
2001-2010
1,454,700
1,652,620
735,751
44.5
* Results may vary from prior year reports due to new or revised filings. Loss Ratio = Direct Losses Incurred / Actual Earned Premium
© 2011 National Association of Insurance Commissioners
4
2001 - 2010
Credit Life Insurance Experience Trend
Net Written Premiums
1,272
1,288
773
805
1,099
1,305
1,257
1,148
1,487
2,006
500 1,000 1,500 2,000 2,500 3,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Year
Millions
Actual Earned Premiums
2,228
1,362
933
1,085
1,221
1,446
1,566
1,648
1,848
2,099
500 1,000 1,500 2,000 2,500 3,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Year
Millions
Direct Losses Incurred
650
446
490
554
581
625
714
794
872
914
300 400 500 600 700 800 900 1,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Year
Millions
Credit Life Insurance Experience
Loss Ratios
41.0
41.5
42.9
43.3
41.5
43.2
42.7
45.3
45.1
47.8
38 39 40 41 42 43 44 45Percentage
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Year
2001 - 2010
© 2011 National Association of Insurance Commissioners
6
2001 - 2010
Credit A & H Insurance Experience Trend
Net Written Premiums
1,401
1,429
878
940
1,245
1,477
1,517
1,527
1,872
2,261
500 1,000 1,500 2,000 2,500 3,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Year
Millions
Actual Earned Premiums
2,302
1,502
1,029
1,209
1,361
1,557
1,665
1,781
1,972
2,149
1,000 1,500 2,000 2,500 3,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Year
Millions
Direct Losses Incurred
673
470
525
549
553
610
836
928
1,060
1,152
400 600 800 1,000 1,200 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Year
Millions
Credit A & H Insurance Experience
Loss Ratios
50.1
49.3
47.1
47.0
40.4
39.2
36.8
40.3
43.4
45.7
30 33 36 39 42 45 48 51 54Percentage
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Year
2001 - 2010
© 2011 National Association of Insurance Commissioners
8
CREDIT LIFE
ANNUAL INCURRED CLAIMS
COUNTRYWIDE BY COMPANY
© 2011 National Association of Insurance Commissioners
10
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2010 - 2006 5-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2006 3- yr Aggregate Loss Ratio 2010 - 2008 3-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2008
Annual Incurred Claims (Losses) $ 5/18/2011
COMPANY NAME
COCODE 2010 2009 2008 2007 2006
54.15 50.18 53.61 49.64
62626 Cuna Mut Ins Society 99,996,710 104,404,488 105,383,974 109,022,732 107,144,753 66.77 61.58 71.93 66.78
93777 Household Life Ins Co 47,825,805 47,949,441 62,691,369 71,614,541 73,524,690 53.70 54.91 52.36 53.65
60518 American Hlth & Life Ins Co 35,887,984 39,698,443 37,809,269 40,190,711 44,921,573 45.44 45.04 47.30 46.38
60275 American Bankers Life Assur Co Of FL 34,211,240 44,390,816 53,855,138 58,796,409 62,677,959 50.21 47.09 51.90 48.51
66168 Minnesota Life Ins Co 28,159,490 26,873,024 28,830,551 25,724,018 28,600,215 36.46 36.12 35.53 35.54
61751 Central States H & L Co Of Omaha 17,579,685 19,198,146 17,573,596 16,825,985 17,004,341 49.59 48.70 50.31 50.35
68373 American Gen Assur Co 12,500,337 17,017,029 23,859,368 29,856,952 34,223,797 54.80 55.65 58.17 58.92
65951 Merit Life Ins Co 12,438,655 14,323,781 16,437,287 15,120,464 12,995,780 40.28 34.03 40.28 34.03
86231 Transamerica Life Ins Co 12,316,744 10,739,478 13,563,353 0 0 31.21 31.29 32.50 32.59
97691 Life Of The South Ins Co 12,205,992 11,444,741 10,502,807 8,696,021 8,641,541 47.83 47.95 49.98 49.95
65811 American Modern Life Ins Co 12,009,751 10,919,515 12,892,524 11,651,186 10,676,290 36.27 36.50 39.57 39.28
60739 American Natl Ins Co 10,426,507 9,635,298 15,200,096 12,228,127 14,190,047 34.09 35.51 35.22 36.98
68136 Protective Life Ins Co 9,670,790 11,389,273 13,528,521 14,670,770 19,839,279 43.41 43.55 43.71 43.88
60534 American Heritage Life Ins Co 5,515,891 6,294,924 8,577,832 9,613,860 11,201,861 26.15 26.15 26.63 26.63
73156 Caribbean Amer Life Assur Co 5,318,078 5,860,597 7,264,194 7,700,249 7,959,156 45.12 72.18 50.99 81.58
79715 Cooperativa De Seguros De Vida 5,218,905 6,651,962 6,115,037 5,510,746 4,989,299 52.89 53.48 56.85 60.42
79340 First Central Natl Life Ins Co NY 5,198,891 3,263,624 2,508,011 4,735,636 3,896,557 40.40 40.64 45.27 45.30
81779 Individual Assur Co Life Hlth & Acc 4,862,130 3,813,359 4,703,106 3,845,585 4,570,747 74.57 73.40 82.23 80.70
62383 Centurion Life Ins Co 4,479,992 6,256,742 8,617,229 7,508,061 9,778,298 39.91 40.15 44.10 44.37
60836 American Republic Ins Co 3,913,872 6,243,592 4,795,310 5,681,808 4,591,508 25.59 32.11 26.72 33.52
77151 Service Life & Cas Ins Co 3,883,652 5,418,414 4,994,973 5,137,463 6,191,894 26.80 27.59 25.29 26.26
71455 Financial Amer Life Ins Co 3,813,984 4,219,499 3,077,380 4,166,318 3,020,804 30.24 29.87 31.86 31.14
64211 Guarantee Trust Life Ins Co 3,526,248 3,629,813 3,635,825 3,496,018 4,743,182 30.34 30.32 29.78 29.75
97152 Plateau Ins Co 3,257,926 3,940,218 3,668,810 3,352,363 3,552,030 40.13 40.13 41.33 41.33
61824 Cherokee Natl Life Ins Co 3,208,051 4,674,050 4,959,311 5,593,815 6,520,861 53.17 35.26 59.10 41.83
70688 Transamerica Financial Life Ins Co 2,641,640 2,168,079 928,655 755,657 894,319 31.69 31.36 32.86 32.86
74365 Southern Pioneer Life Ins Co 2,541,618 2,473,347 2,925,611 2,597,553 3,512,652 28.13 29.40 28.79 30.01
61506 Resource Life Ins Co 2,476,346 3,275,249 5,362,258 7,253,245 8,806,766 32.23 28.40 31.67 28.18
66281 Monumental Life Ins Co 2,364,429 2,262,922 2,846,018 2,837,283 2,485,542 18.53 18.53 27.04 27.04
94579 First Assur Life Of Amer 2,192,468 2,373,641 2,207,174 1,589,943 1,951,044 45.50 45.37 85.64 80.75
89958 JMIC Life Ins Co 2,112,791 3,101,700 5,290,656 8,689,108 10,770,784 40.84 43.06 38.19 41.90
65781 Madison Natl Life Ins Co Inc 2,086,637 4,248,811 3,956,893 4,866,944 4,388,232 62.25 62.34 69.76 67.79
70106 United States Life Ins Co In NYC 2,073,592 1,971,473 3,933,237 5,325,747 5,476,091 23.43 23.43 22.59 22.59
61298 Bankers Life Of LA 1,995,369 2,212,529 2,384,721 1,331,642 1,634,322 34.83 34.83 36.33 36.33
98736 American Federated Life Ins Co 1,969,065 1,775,986 1,992,071 1,568,483 1,505,366 42.65 42.65 44.85 44.85
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2010 - 2006 5-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2006 3- yr Aggregate Loss Ratio 2010 - 2008 3-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2008
Annual Incurred Claims (Losses) $ 5/18/2011
COMPANY NAME
COCODE 2010 2009 2008 2007 2006
44.11 45.14 46.72 47.25
60895 American United Life Ins Co 1,731,766 2,432,453 5,605,797 5,683,431 5,365,577 55.78 48.30 62.31 51.42
81477 Union Security Life Ins Co of NY 1,685,725 3,636,577 3,735,993 3,754,714 4,179,594 27.31 28.47 29.17 29.35
99465 Servco Life Ins Co 1,460,168 1,277,230 1,820,590 1,684,484 1,204,372 19.64 21.54 19.14 20.86
76007 Old United Life Ins Co 1,319,106 654,080 1,411,856 1,571,290 1,492,582 28.58 28.34 27.90 27.90
89087 Enterprise Life Ins Co 1,183,744 1,610,009 1,990,829 2,703,888 3,159,103 35.53 27.05 55.83 30.87
64904 Investors Heritage Life Ins Co 1,168,472 1,417,857 1,716,546 1,364,205 1,396,082 28.16 28.21 26.62 26.55
67628 Pekin Life Ins Co 1,022,687 1,385,175 1,550,412 1,517,517 1,746,512 32.57 23.81 45.77 19.69
70173 Universal Underwriters Life Ins Co 993,243 2,285,097 4,153,496 4,950,420 7,187,928 26.34 26.34 27.13 27.13
80020 Mountain Life Ins Co 969,740 1,350,816 1,527,011 1,434,777 1,816,503 27.21 33.93 30.10 37.60
85677 Life Assur Co Inc 896,463 858,226 975,676 787,977 759,693 16.65 16.65 12.86 12.86
60244 Kentucky Home Life Ins Co 894,762 802,653 -18,138 1,022,012 1,038,167 39.88 39.76 61.83 61.17
93521 General Fidelity Life Ins Co 881,920 1,092,872 1,643,889 -1,040,944 3,794,233 23.80 23.80 24.53 24.53
70548 Wichita Natl Life Ins Co 831,702 1,037,361 1,453,814 1,018,472 1,152,377 32.85 29.63 33.22 29.58
65021 Stonebridge Life Ins Co 810,201 889,013 1,136,816 1,192,329 1,254,641 23.31 18.15 22.44 17.18
77976 Gulf Guar Life Ins Co 762,509 954,137 1,215,961 881,786 1,086,194 19.31 20.36 18.03 21.92
77054 Mapfre Life Ins Co 691,157 1,233,241 872,047 1,330,491 949,772 37.14 37.14 42.73 42.73
61018 Magna Ins Co 588,957 443,871 709,505 729,858 944,198 35.07 35.07 40.72 40.72
94447 Century Life Ass Co 580,545 531,673 588,985 947,944 384,736 60.66 76.27 61.19 80.02
61409 National Benefit Life Ins Co 526,948 921,111 678,985 1,103,379 466,834 39.47 40.16 30.78 30.82
77690 Trans City Life Ins Co 442,311 486,916 478,460 1,055,057 766,730 38.25 36.40 38.02 35.05
68160 Balboa Life Ins Co 436,562 664,434 1,064,946 672,446 2,861,893 27.13 27.13 20.89 20.89
86118 Arkansas Bankers Life Ins Co 392,436 704,851 516,240 646,590 793,861 32.02 30.04 38.89 34.94
65480 Old Spartan Life Ins Co Inc 382,061 395,187 288,904 225,816 216,217 12.08 10.12 12.95 10.89
92274 Landcar Life Ins Co 328,184 291,848 305,633 274,934 275,038 35.32 34.95 39.69 39.01
74233 First Natl Life Ins Co Of USA 319,905 485,310 627,309 284,082 359,545 69.72 70.02 70.70 71.84
93742 Securian Life Ins Co 311,480 200,012 225,387 46,403 0 76.33 67.71 95.46 87.56
89007 Household Life Ins Co Of DE 283,435 410,386 420,750 302,559 446,099 66.12 66.12 35.64 35.64
83992 Foundation Life Ins Co Of AR 273,206 457,890 485,788 2,419,349 512,541 90.53 72.95 104.03 58.81
69108 State Farm Life Ins Co 258,325 697,222 1,114,253 1,959,177 3,176,575 27.52 27.52 59.47 59.47
93650 Versant Life Ins Co 256,254 368,956 342,230 195,193 192,828 40.93 40.93 43.70 43.70
67261 Old Republic Life Ins Co 217,254 166,985 275,264 821,478 526,197 46.34 48.92 46.81 59.17
65560 Life Protection Ins Co 177,383 303,303 186,519 251,660 207,584 20.92 20.92 21.49 21.49
74470 Great Central Life Ins Co 160,174 45,444 59,427 120,691 76,931 41.03 41.09 57.21 57.59
88374 Commonwealth Dealers Life Ins Co 153,539 170,046 273,633 394,050 796,199 51.50 51.50 51.95 51.95
62650 Delta Life Ins Co 138,220 182,410 119,488 135,728 148,685 33.77 33.77 27.51 27.51
88536 Protective Life & Annuity Ins Co 127,428 95,425 242,821 371,341 325,583
© 2011 National Association of Insurance Commissioners
12
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2010 - 2006 5-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2006 3- yr Aggregate Loss Ratio 2010 - 2008 3-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2008
Annual Incurred Claims (Losses) $ 5/18/2011
COMPANY NAME
COCODE 2010 2009 2008 2007 2006
43.73 51.72 55.42 63.78
65757 Shelter Life Ins Co 121,367 140,885 111,319 49,664 112,086 18.44 18.69 15.82 16.15
71323 Zale Life Ins Co 103,381 138,987 111,715 138,925 153,327 30.64 23.91 23.06 15.44
10097 Balboa Life Ins Co Of NY 94,341 48,841 75,579 223,464 166,769 86.16 86.43 93.96 101.50
62596 Union Fidelity Life Ins Co 74,369 259,784 523,619 571,795 1,322,645 34.06 24.84 -372.26 55.17
66087 Mid West Natl Life Ins Co Of TN 71,646 68,102 210,377 -21,112 339,915 19.93 11.88 17.02 10.20
71870 Fidelity Security Life Ins Co 57,995 39,297 36,411 150,659 64,482 12.72 12.72 16.66 16.66
75612 Gulf States Life Ins Co Inc 55,965 58,324 198,541 86,115 86,115 15.78 15.78 15.30 15.30
92649 American Underwriters Life Ins Co 55,256 11,963 -15,811 68,068 58,222 19.14 24.50 12.45 15.99
99538 SWBC Life Ins Co 50,124 63,947 88,914 93,563 259,476 46.66 39.00 62.54 51.27
79049 Alfa Life Ins Corp 46,224 110,116 7,287 11,367 61,827 29.44 29.44 53.82 53.82
69523 Trans Oceanic Life Ins Co 38,921 111,902 70,996 73,262 70,481 12.35 12.35 15.36 15.36
71463 CICA Life Ins Co of Amer 37,392 75,437 82,683 36,401 37,812 28.54 28.54 60.79 60.79
99724 LifeShield Natl Ins Co 33,562 6,940 -195 793 -1,655 41.64 42.71 25.37 26.33
69973 United Life Ins Co 32,553 47,699 40,794 229,073 638,404 58.59 64.78 96.47 121.51
93815 Pacific Century Life Ins Corp 31,331 -15,000 165,420 21,099 35,231 12.31 7.79 9.32 5.81
70435 The Savings Bank Life Ins Co Of MA 26,126 12,748 1,530 40,965 1,837 31.73 31.72 46.26 46.26
68349 North Amer Ins Co 23,861 104,693 147,316 260,583 1,025,998 102.84 122.57 115.71 142.23
76112 Oxford Life Ins Co 23,328 11,670 91,100 6,691 522,459 51.77 53.41 49.05 49.05
91448 Southwest Credit Life Inc 19,308 81,304 105,779 75,270 69,908 178.41 134.44 176.26 136.08
62553 Country Life Ins Co 17,585 21,423 23,082 22,214 0 888.66 640.80 846.60 610.39
68195 Provident Life & Accident Ins Co 13,489 4,363 7,656 21,049 3,759 121.49 20.46 39.35 6.90
63819 Unity Financial Life Ins Co 12,072 3,612 -297 48,943 92,576 121.15 138.34 69.87 80.77
72613 USAA Direct Life Ins Co 8,618 -275 -561 4,116 -1,102 57.82 57.68 82.77 82.77
81043 Bankers Life Ins Co 7,338 27,640 32,192 97,066 304,644 24.93 24.93 8.96 8.96
68632 Vantis Life Ins Co 4,799 0 5,283 23,202 32,452 44.51 44.51 42.53 42.53
60246 Netcare Life & Hlth Ins Co 1,172 16,056 40,657 -14,196 100,543 23.52 23.52 18.08 18.08
91294 Adams Life Ins Co 0 0 82,781 235,679 46,155 433.37 433.37 1695.56 1695.56
60054 Aetna Life Ins Co 0 10,469 7,167 12,502 305 -96.19 -96.19 0.00 0.00
60615 AIG Life Ins Co Of PR 0 0 0 -53,320 -8,926 0.00 0.00 0.00 0.00
60186 Allstate Life Ins Co 0 0 0 0 1 30.60 30.60 -304.65 -304.65
94439 American Creditors Life Ins Co 0 -122 -1,648 -230 12,732 0.00 0.00 0.00 0.00
60429 American Fidelity Life Ins Co 0 0 0 0 0 0.00 0.00 0.00 0.00
92541 American Financial Life Ins Co 0 0 0 0 0 22.58 22.58 264.98 264.98
60488 American Gen Life Ins Co 0 0 575 0 0 5.37 5.37 0.00 0.00
66842 American Gen Life Ins Co of DE 0 0 0 0 641 160.61 160.61 -0.01 -0.01
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2010 - 2006 5-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2006 3- yr Aggregate Loss Ratio 2010 - 2008 3-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2008
Annual Incurred Claims (Losses) $ 5/18/2011
COMPANY NAME
COCODE 2010 2009 2008 2007 2006
80.70 86.29 0.00 0.00
84697 American Specialty Hlth Ins Co 0 0 0 136,086 66,880 8.50 8.50 8.96 8.96
61158 Atlantic Southern Ins Co 0 30,882 41,235 86,589 2,155 53.37 53.37 30.54 30.54
61212 Baltimore Life Ins Co 0 0 53,390 174,264 466,385 -3.72 -5.35 0.00 0.00
99872 Banc One KY Ins Co 0 0 0 3,426 -9,959 23.45 17.37 53.57 25.10
61476 Boston Mut Life Ins Co 0 0 3,430 3,790 19,584 0.00 0.00 0.00 0.00
73121 Champions Life Ins Co 0 0 0 0 -4,000 9.81 9.81 11.90 11.90
62146 Combined Ins Co Of Amer 0 10,738 58,711 64,400 22,130 33.54 33.54 -8.00 -8.00
82767 Commerce Natl Ins Co 0 0 -402 -1,977 15,544 27.73 27.73 0.00 0.00
70734 Commercial Bankers Life Ins Co 0 0 0 0 109,800 530.94 530.94 0.00 0.00
78654 Concord Natl Life Ins Co 0 0 0 0 110,361 118.36 118.36 0.00 0.00
62340 Consolidated Gen Life Ins Co 0 0 0 0 207,851 0.00 0.00 0.00 0.00
62928 EMC Natl Life Co 0 0 0 0 0
1374.51 1374.51 1374.51 1374.51
68276 Employers Reassur Corp 0 -4,582 34,615 0 0 0.00 0.00 0.00 0.00
63088 Farm Bureau Life Ins Co 0 0 0 0 0 87.95 78.96 0.00 0.00
67695 Federal Home Life Ins Co 0 0 0 0 4,725 768.75 763.25 0.00 0.00
63568 First VA Life Ins Co 0 0 0 0 1,710 -8.85 -10.04 0.00 0.00
79677 Forethought Life Assur Co 0 0 0 -176 -249 -6.59 -6.24 3.11 2.87
65536 Genworth Life & Ann Ins Co 0 -7 -69 -98 -55 43.85 42.98 0.00 0.00
64025 Great Atlantic Life 0 0 0 80,017 192,621 18.18 26.77 8.23 11.46
71480 Great Western Ins Co 0 1,006 4,988 3,779 12,318 14.03 14.03 0.00 0.00
74640 Gulfco Life Ins Co 0 0 0 603,032 698,193 0.00 0.00 0.00 0.00
75280 Harrison Life Ins Co 0 0 0 0 0 84.24 81.85 84.24 81.85
32077 Heritage Cas Ins Co 0 76,959 0 0 0 -101.50 -98.78 -150.46 -146.07
80942 ING USA Ann & LIfe Ins Co 0 0 -7,556 -109 -335 0.00 0.00 0.00 0.00
84220 Interstate Bankers Life Ins Co 0 0 0 0 0 -15104.17 -15104.17 0.00 0.00
63487 Investors Life Ins Co N Amer 0 0 0 0 -29,000 70.42 96.34 0.00 0.00
70254 Jefferson Pilot Financial Ins Co 0 0 0 0 9,513 -2.97 -2.97 2.30 2.30
65080 John Alden Life Ins Co 0 -7 -32 -67 -114 40.64 38.42 -75.78 -71.55
65099 John Hancock Life Ins Co 0 0 -64,957 154,383 49,440 33.46 31.52 33.46 31.52
65838 John Hancock Life Ins Co (USA) 0 26,292 0 0 0 -46.30 -46.30 0.00 0.00
61492 Liberty Life Ins Co 0 0 0 24,553 -50,000 0.00 0.00 0.00 0.00
65323 Liberty Life Ins Co 0 0 0 0 0 0.00 0.00 0.00 0.00
65412 Life Ins Co Of AL 0 0 0 0 0 37.12 30.06 0.00 0.00
64130 Life Investors Ins Co Of Amer 0 0 0 12,039,452 14,146,334 -2.03 -2.03 0.00 0.00
65595 Lincoln Benefit Life Co 0 0 0 -18 -149 0.00 0.00 0.00 0.00
69833 Lincoln Memorial Life Ins Co 0 0 0 0 0
© 2011 National Association of Insurance Commissioners
14
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2010 - 2006 5-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2006 3- yr Aggregate Loss Ratio 2010 - 2008 3-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2008
Annual Incurred Claims (Losses) $ 5/18/2011
COMPANY NAME
COCODE 2010 2009 2008 2007 2006
0.00 0.00 0.00 0.00
65722 Loyal Amer Life Ins Co 0 0 0 0 0 0.00 0.00 0.00 0.00
88420 Member Service Life Ins Co 0 0 0 0 0 -139.79 -139.79 -12500.00 -12500.00
87726 Metlife Ins Co of CT 0 0 -3,000 0 0 16.03 16.03 16.03 16.03
73989 Mililani Life Ins Co Ltd 0 0 18,169 0 0 0.00 0.00 0.00 0.00
69647 Molina Hlthcare Ins Co 0 0 0 0 0 176.13 134.32 0.00 0.00
66419 Mutual Serv Life Ins Co 0 0 0 0 24,160 -234.81 -234.81 0.00 0.00
66788 National Security Ins Co 0 0 0 0 -500 0.00 0.00 0.00 0.00
69299 Nationsbanc Ins Co Inc 0 0 0 0 0 0.00 0.00 0.00 0.00
60027 New South Life Ins Co 0 0 0 0 0 0.00 0.00 0.00 0.00
67580 North Amer Life Ins Co 0 0 0 0 0 0.00 0.00 0.00 0.00
87564 Northern Natl Life Ins Co of RI 0 0 0 0 0 0.00 0.00 0.00 0.00
64343 Pacific Guardian Life Ins Co Ltd 0 0 0 0 0 0.00 0.00 0.00 0.00
85561 Perico Life Ins Co 0 0 0 2,471 0 21.65 21.65 0.00 0.00
76503 Port O Call Life Ins Co 0 0 0 31,422 87,902 0.00 0.00 0.00 0.00
68071 Puritan Life Ins Co 0 0 0 0 0 18.14 18.14 22.63 22.63
70998 Qualchoice Life & Hlth Ins Co Inc 0 0 59,045 22,352 21,428 78.86 102.20 0.00 0.00
61700 Renaissance Life & Hlth Ins Co of Am 0 0 0 244,910 0 97.18 56.68 0.00 0.00
68772 Security Mut Life Ins Co Of NY 0 0 0 929 0 -2.82 -3.38 0.00 0.00
76325 Senior Hlth Ins Co of PA 0 0 0 -1 -4 0.00 0.00 0.00 0.00
98868 Sheridan Life Ins Co 0 0 0 0 0 0.00 0.00 0.00 0.00
79057 Southland Natl Ins Corp 0 0 0 0 0 43.05 25.88 28.28 15.29
69094 State Farm Life & Accident Asr Co 0 2,891 11,024 19,658 28,347 -5.03 -5.03 0.00 0.00
89184 Sterling Investors Life Ins Co 0 0 0 0 -33,859 72.71 72.71 0.00 0.00
77704 Trans Natl Life Ins Co 0 0 0 10,187 5,941 35.86 35.86 35.98 35.98
93270 Triangle Life Ins Co 0 0 1,349,101 1,188,129 242,808 0.00 0.00 0.00 0.00
98884 Union Security Life Ins Co 0 0 0 0 0 -475.30 -381.75 0.00 0.00
69663 USAA Life Ins Co 0 0 0 0 -2,717 4004.42 4004.42 -3054.55 -3054.55
84549 Vista Life Ins Co 0 0 -9,744 16,992 0 0.00 0.00 0.00 0.00
92053 Wateree Life Ins 0 0 0 0 0
0.00 0.00 0.00 0.00
64467 Wellcare Hlth Ins of IL Inc 0 0 0 0 0 106.94 98.70 270.68 264.65
64394 Heritage Life Ins Co -1 -147 16,170 -3,311 77,008 71.14 71.14 -2.79 -2.79
61921 Citizens Security Life Ins Co -7 -14 -23 5,350 2,395 -31.31 -31.31 -20.95 -20.95
71439 Assurity Life Ins Co -46 -135 -181 -1,287 -1,156 -6.57 -6.57 -5.77 -5.77
90867 Century Credit Life Ins Co -48 133 -683 -3,356 -7,923 32.40 34.14 14.08 14.98
78301 Corvesta Life Ins Co -52 -584 6,640 42,216 65,370 -23.37 -695.65 -101.46 -170.96
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE 5- yr Aggregate Loss Ratio 2010 - 2006 5-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2006 3- yr Aggregate Loss Ratio 2010 - 2008 3-yr Aggr Loss Ratio at Prima Facie Rates 2010 - 2008
Annual Incurred Claims (Losses) $ 5/18/2011
COMPANY NAME
COCODE 2010 2009 2008 2007 2006
7.51 7.51 4.04 4.04
87645 United Fidelity Life Ins Co -106 4 2,318 7,834 1,771 108.58 89.63 66.94 49.54
85090 Fort Dearborn Life Ins Co of NY -118 -277 17,363 149,307 280,128 -84.93 66.55 -50.67 -50.34
88080 XL Life Ins & Ann Co -146 27,856 39,617 93,840 536,641 224.99 322.09 52.18 74.21
65676 Lincoln Natl Life Ins Co -229 -227 5,704 31,783 0 10.63 12.13 10.54 11.84
71099 Parker Centennial Assur Co -339 -797 4,274 9,929 10,513 -36.13 -36.13 -71.97 -71.97
90212 Great Southern Life Ins Co -1,200 0 1 -1 0 14.40 14.52 -5.49 -5.70
68020 Mcdonald Life Ins Co -1,330 -1,400 1,505 10,060 5,475 8.77 8.71 -1.86 -1.83
75094 Life Ins Co Of LA -5,062 -4,809 0 0 111,196 21.34 16.19 -88.99 41.60
97055 Mega Life & Hlth Ins Co The -8,917 83,344 144,082 -6,127 304,282 131.53 133.17 88.58 88.93
68241 Prudential Ins Co Of Amer -17,903 65,184 161,472 290,200 491,968 3.13 3.13 11.31 11.31
65978 Metropolitan Life Ins Co -26,575 22,352 150,995 -83,303 12,498 54.02 54.02 49.75 49.75 69477 Time Ins Co -193,216 382,092 230,591 221,396 431,118 624,751,964 581,378,129 553,556,643 489,530,053 44.61 45.97 43.43 44.57
COMPANIES IN REPORT - COUNTRYWIDE
192 446,255,955
© 2011 National Association of Insurance Commissioners
16
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE
2010 2009 2008 2007 2006 Loss Ratio = Annual Incurred Claims (Losses) / Earned
Premium
2010 2009 2008 2007 2006 Loss Ratio at Prima Facie Rates = Annual Incurred Claims
(Losses) $ / Earned Premiums at Prima Facie Rates 5/18/2011
COCODE COMPANY NAME
53.76 53.97 53.11 55.12 54.80 49.72 49.93 49.28 51.20 50.78 62626 Cuna Mut Ins Society
95.59 67.23 63.36 61.18 62.67 88.05 61.02 60.06 55.81 57.72 93777 Household Life Ins Co
58.16 54.37 46.19 53.45 57.66 59.59 55.32 47.64 54.65 58.61 60518 American Hlth & Life Ins Co
46.70 47.57 47.47 45.25 42.10 45.16 46.90 46.74 45.48 42.10 60275 American Bankers Life Assur Co Of
53.94 49.95 51.87 45.45 50.12 50.66 46.49 48.47 42.96 47.13 66168 Minnesota Life Ins Co
33.82 37.65 35.16 37.26 38.90 34.47 37.48 34.67 36.48 37.72 61751 Central States H & L Co Of Omaha
60.81 25.84 121.21 50.64 47.65 61.03 25.84 121.38 50.20 45.19 68373 American Gen Assur Co
59.50 57.86 57.47 53.03 47.50 60.10 58.49 58.42 54.24 48.22 65951 Merit Life Ins Co
44.84 35.82 40.54 0.0 0.0 38.37 30.27 33.89 0.0 0.0 86231 Transamerica Life Ins Co
36.68 31.31 29.80 26.85 31.40 36.68 31.30 30.05 27.08 31.26 97691 Life Of The South Ins Co
55.35 44.75 50.43 45.80 43.62 55.05 44.80 50.52 46.09 43.96 65811 American Modern Life Ins Co
30.15 55.23 40.99 31.35 33.84 28.75 55.08 42.22 31.72 34.89 60739 American Natl Ins Co
36.69 35.34 34.14 30.85 34.86 38.84 37.16 35.62 32.10 35.85 68136 Protective Life Ins Co
45.92 44.92 41.61 44.18 42.26 46.01 45.08 41.82 44.28 42.35 60534 American Heritage Life Ins Co
28.07 25.35 26.71 26.10 25.15 28.07 25.35 26.71 26.10 25.15 73156 Caribbean Amer Life Assur Co
42.03 60.42 51.60 38.26 37.06 67.25 96.67 82.56 61.22 59.30 79715 Cooperativa De Seguros De Vida
122.11 48.11 30.38 51.75 45.23 201.73 46.62 29.24 49.44 43.67 79340 First Central Natl Life Ins Co NY
56.32 37.42 43.85 32.75 36.11 56.33 37.41 43.91 32.87 36.88 81779 Individual Assur Co Life Hlth & Acc
83.40 77.35 85.54 63.59 70.89 82.01 75.75 83.97 62.98 69.78 62383 Centurion Life Ins Co
44.22 52.24 36.58 38.46 31.61 44.37 52.56 36.89 38.91 31.60 60836 American Republic Ins Co
25.68 26.91 27.37 22.36 26.16 32.24 33.78 34.29 28.07 32.83 77151 Service Life & Cas Ins Co
27.22 28.79 20.17 31.66 26.99 28.91 30.31 20.24 32.98 26.59 71455 Financial Amer Life Ins Co
35.98 32.19 28.42 25.37 31.03 35.30 31.39 27.74 25.37 31.03 64211 Guarantee Trust Life Ins Co
28.70 32.28 28.37 27.28 36.27 28.60 32.28 28.37 27.28 36.27 97152 Plateau Ins Co
37.44 46.96 39.53 39.35 38.58 37.44 46.94 39.53 39.35 38.58 61824 Cherokee Natl Life Ins Co
60.60 62.95 48.72 38.79 39.94 54.21 41.91 25.29 20.80 24.79 70688 Transamerica Financial Life Ins Co
35.55 31.40 32.01 26.64 33.72 35.55 31.40 32.01 25.41 33.72 74365 Southern Pioneer Life Ins Co
39.48 27.64 26.19 26.78 28.48 41.21 28.80 27.29 27.80 30.07 61506 Resource Life Ins Co
27.81 29.15 38.84 36.80 29.58 25.31 25.97 33.61 31.77 25.85 66281 Monumental Life Ins Co
29.14 35.23 20.45 10.41 12.73 29.14 35.23 20.45 10.41 12.73 94579 First Assur Life Of Amer
68.05 NR 37.37 37.32 35.53 62.17 NR 37.52 37.59 36.00 89958 JMIC Life Ins Co
27.25 46.37 39.05 46.57 41.95 39.30 46.34 39.24 46.66 42.19 65781 Madison Natl Life Ins Co Inc
82.20 60.08 69.82 59.35 56.11 80.31 55.76 69.59 69.33 51.31 70106 United States Life Ins Co In NYC
21.52 22.72 23.44 23.42 27.55 21.52 22.72 23.44 23.42 27.55 61298 Bankers Life Of LA
35.48 33.83 39.92 31.66 33.08 35.48 33.83 39.92 31.66 33.08 98736 American Federated Life Ins Co
44.09 47.64 42.96 46.67 34.56 44.09 47.64 42.96 46.67 34.56 60242 Southern Financial Life Ins Co
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE
2010 2009 2008 2007 2006 Loss Ratio = Annual Incurred Claims (Losses) / Earned
Premium
2010 2009 2008 2007 2006 Loss Ratio at Prima Facie Rates = Annual Incurred Claims
(Losses) $ / Earned Premiums at Prima Facie Rates 5/18/2011
COCODE COMPANY NAME
60.68 37.80 48.24 41.67 42.43 59.37 38.11 49.26 43.31 43.55 60895 American United Life Ins Co
56.19 67.71 60.58 50.82 48.94 46.37 55.31 50.44 45.31 45.06 81477 Union Security Life Ins Co of NY
37.60 21.70 31.10 27.96 21.44 37.60 22.05 31.10 29.87 24.16 99465 Servco Life Ins Co
24.53 11.00 22.19 21.80 18.78 26.88 12.05 23.94 24.19 20.68 76007 Old United Life Ins Co
37.91 28.35 23.85 31.53 27.40 37.91 28.35 23.85 31.47 26.70 89087 Enterprise Life Ins Co
30.05 29.41 NR 19.52 26.93 29.81 29.41 33.02 19.52 26.93 64904 Investors Heritage Life Ins Co
21.41 28.21 29.91 28.53 31.99 21.30 28.07 29.99 28.71 32.31 67628 Pekin Life Ins Co
57.64 51.85 41.09 27.47 27.83 58.23 52.37 13.11 26.25 28.10 70173 Universal Underwriters Life Ins Co
24.71 28.86 27.38 23.34 27.44 24.71 28.86 27.38 23.34 27.44 80020 Mountain Life Ins Co
34.38 28.40 28.34 23.32 23.22 43.06 35.52 35.30 28.96 28.95 85677 Life Assur Co Inc
30.65 22.18 -0.28 22.31 21.52 30.65 22.18 -0.28 22.31 21.52 60244 Kentucky Home Life Ins Co
68.73 60.48 59.50 -22.53 68.93 67.39 59.29 59.48 -22.53 69.09 93521 General Fidelity Life Ins Co
18.23 29.08 26.83 20.76 24.90 18.23 29.08 26.83 20.76 24.90 70548 Wichita Natl Life Ins Co
33.84 31.61 34.14 33.10 31.80 33.84 26.91 29.22 32.45 27.46 65021 Stonebridge Life Ins Co
18.09 21.29 27.82 21.44 28.27 13.62 16.27 21.67 16.90 23.05 77976 Gulf Guar Life Ins Co
14.36 24.69 15.29 27.69 15.89 17.15 31.37 18.17 24.78 13.96 77054 Mapfre Life Ins Co
42.04 27.40 67.15 33.38 32.16 42.04 27.40 67.15 33.38 32.16 61018 Magna Ins Co
48.04 51.36 30.46 42.52 17.15 48.04 51.36 30.46 42.52 17.15 94447 Century Life Ass Co
60.58 79.13 47.09 74.45 41.07 65.28 111.42 66.30 104.83 41.07 61409 National Benefit Life Ins Co
35.38 32.55 26.18 59.40 41.83 35.38 32.55 26.27 59.96 44.73 77690 Trans City Life Ins Co
40.04 37.69 37.45 18.94 50.62 30.52 35.19 37.22 20.45 46.23 68160 Balboa Life Ins Co
27.55 44.42 10.96 36.93 44.57 27.55 44.42 10.96 36.93 44.57 86118 Arkansas Bankers Life Ins Co
35.32 58.63 29.32 23.46 21.47 35.32 40.15 29.32 23.46 21.47 65480 Old Spartan Life Ins Co Inc
15.48 12.59 11.28 10.31 11.45 14.22 10.64 8.87 8.56 9.58 92274 Landcar Life Ins Co
33.64 37.82 45.61 31.41 26.36 33.64 36.05 45.61 31.41 26.36 74233 First Natl Life Ins Co Of USA
48.57 98.65 113.76 57.16 0.0 48.84 106.55 112.52 49.97 0.0 93742 Securian Life Ins Co
100.09 109.48 82.58 49.34 67.57 97.78 101.40 72.75 41.49 59.49 89007 Household Life Ins Co Of DE
27.93 38.73 38.73 173.02 35.07 27.93 38.73 38.73 173.02 35.07 83992 Foundation Life Ins Co Of AR
118.75 120.71 93.28 94.83 81.38 57.79 67.33 54.70 63.89 96.50 69108 State Farm Life Ins Co
57.08 169.75 35.63 13.16 10.62 57.08 169.75 35.63 13.16 10.62 93650 Versant Life Ins Co
65.51 27.18 48.90 44.31 34.15 65.51 27.18 48.90 44.31 34.15 67261 Old Republic Life Ins Co
39.87 63.70 36.97 45.67 45.67 53.01 88.01 41.59 52.49 29.85 65560 Life Protection Ins Co
35.43 10.71 16.65 24.86 15.60 35.43 10.71 16.65 24.86 15.60 74470 Great Central Life Ins Co
129.34 57.51 43.46 32.07 38.20 130.59 57.96 43.70 32.14 38.16 88374 Commonwealth Dealers Life Ins Co
46.89 66.73 42.81 48.75 52.87 46.89 66.73 42.81 48.75 52.87 62650 Delta Life Ins Co
25.36 17.63 37.42 47.67 33.52 25.36 17.63 37.42 47.67 33.52 88536 Protective Life & Annuity Ins Co
© 2011 National Association of Insurance Commissioners
18
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE
2010 2009 2008 2007 2006 Loss Ratio = Annual Incurred Claims (Losses) / Earned
Premium
2010 2009 2008 2007 2006 Loss Ratio at Prima Facie Rates = Annual Incurred Claims
(Losses) $ / Earned Premiums at Prima Facie Rates 5/18/2011
COCODE COMPANY NAME
61.25 64.20 43.41 19.15 38.55 61.11 80.29 52.59 23.47 47.17 65757 Shelter Life Ins Co
13.17 18.68 15.74 21.93 24.23 13.17 18.68 16.85 21.93 24.23 71323 Zale Life Ins Co
61.31 19.64 13.84 47.27 29.45 39.13 12.60 9.59 39.62 29.45 10097 Balboa Life Ins Co Of NY
51.93 94.37 105.90 65.68 93.74 54.96 101.69 115.25 67.66 88.52 62596 Union Fidelity Life Ins Co
60.24 43.43 NR -1.72 40.95 60.24 43.43 58.61 -1.72 40.95 66087 Mid West Natl Life Ins Co Of TN
29.33 14.94 11.21 40.72 10.85 18.20 9.39 6.35 23.55 6.55 71870 Fidelity Security Life Ins Co
8.63 8.06 39.28 9.61 8.30 8.63 8.06 39.28 9.61 8.30 75612 Gulf States Life Ins Co Inc
NR 4.65 -4.88 18.25 13.96 NR 4.65 -4.88 18.25 13.95 92649 American Underwriters Life Ins Co
11.03 10.74 15.33 14.17 42.20 14.16 13.81 19.66 18.18 53.46 99538 SWBC Life Ins Co
69.35 136.78 6.37 8.09 58.63 53.00 98.49 6.07 7.80 43.43 79049 Alfa Life Ins Corp
3,358.15 69.45 28.42 29.34 12.15 3,358.15 69.45 28.42 29.34 12.15 69523 Trans Oceanic Life Ins Co
8.68 16.96 20.82 8.24 8.06 8.68 16.96 20.82 8.24 8.06 71463 CICA Life Ins Co of Amer
174.67 25.45 -0.98 1.99 -5.15 174.67 25.45 -0.98 1.99 -5.15 99724 LifeShield Natl Ins Co
42.68 36.74 15.05 37.03 49.95 44.13 38.13 15.64 37.97 51.01 69973 United Life Ins Co
72.96 -24.26 197.77 30.99 23.51 72.96 -24.26 369.13 30.99 23.51 93815 Pacific Century Life Ins Corp
17.52 8.25 1.18 24.77 2.38 10.92 5.14 0.73 16.51 1.48 70435 The Savings Bank Life Ins Co Of MA
35.05 67.96 39.36 24.16 31.58 35.05 67.96 39.36 24.16 31.56 68349 North Amer Ins Co
261.44 33.81 139.00 2.94 173.75 333.40 41.50 170.16 3.59 201.26 76112 Oxford Life Ins Co
10.67 45.25 175.93 66.10 48.41 10.67 45.25 175.93 66.10 56.57 91448 Southwest Credit Life Inc
154.43 184.32 188.93 184.72 0.0 119.18 143.35 144.93 130.04 0.0 62553 Country Life Ins Co
1,405.10 496.36 652.13 1,803.68 253.64 1,010.41 358.21 470.85 1,301.73 182.83 68195 Provident Life & Accident Ins Co
326.19 25.74 -1.39 145.53 164.09 326.18 4.19 -0.22 23.85 27.34 63819 Unity Financial Life Ins Co
582.69 -7.77 -9.17 139.57 NR 662.41 -8.90 -10.69 154.74 NR 72613 USAA Direct Life Ins Co
82.45 141.29 61.10 55.05 55.05 82.45 141.29 61.10 55.02 54.86 81043 Bankers Life Ins Co
22.13 0.0 9.21 36.41 37.14 22.13 0.0 9.21 36.41 37.14 68632 Vantis Life Ins Co
3.16 34.14 78.23 -20.37 85.01 3.16 34.14 78.23 -20.37 85.01 60246 Netcare Life & Hlth Ins Co
0.0 0.0 18.08 40.87 8.95 0.0 0.0 18.08 40.87 8.95 91294 Adams Life Ins Co
0.0 12,316.47 750.38 418.77 10.18 0.0 12,316.47 750.38 418.77 10.18 60054 Aetna Life Ins Co
0.0 0.0 0.0 -604.60 -15.97 0.0 0.0 0.0 -604.60 -15.97 60615 AIG Life Ins Co Of PR
0.0 0.0 0.0 0.0 NR 0.0 0.0 0.0 0.0 NR 60186 Allstate Life Ins Co
0.0 -677.78 -292.72 -5.07 42.51 0.0 -677.78 -292.72 -5.07 42.51 94439 American Creditors Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 60429 American Fidelity Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92541 American Financial Life Ins Co
0.0 0.0 NR 0.0 0.0 0.0 0.0 NR 0.0 0.0 60488 American Gen Life Ins Co
0.0 0.0 0.0 0.01 9.79 0.0 0.0 0.0 0.01 9.79 66842 American Gen Life Ins Co of DE
0.0 0.0 -0.01 0.00 265.53 0.0 0.0 -0.01 0.00 265.53 60607 American Intl Life Assur Co of NY
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE
2010 2009 2008 2007 2006 Loss Ratio = Annual Incurred Claims (Losses) / Earned
Premium
2010 2009 2008 2007 2006 Loss Ratio at Prima Facie Rates = Annual Incurred Claims
(Losses) $ / Earned Premiums at Prima Facie Rates 5/18/2011
COCODE COMPANY NAME
0.0 0.0 0.0 299.76 32.45 0.0 0.0 0.0 288.18 35.58 84697 American Specialty Hlth Ins Co
0.0 10.52 8.07 15.30 0.41 0.0 10.52 8.07 15.30 0.41 61158 Atlantic Southern Ins Co
0.0 0.0 41.44 48.32 60.98 0.0 0.0 41.44 48.32 60.98 61212 Baltimore Life Ins Co
0.0 0.0 0.0 NR -7.70 0.0 0.0 0.0 NR -13.14 99872 Banc One KY Ins Co
0.0 0.0 70.97 10.64 27.09 0.0 0.0 28.35 7.01 22.62 61476 Boston Mut Life Ins Co
0.0 0.0 0.0 0.0 NR 0.0 0.0 0.0 0.0 NR 73121 Champions Life Ins Co
0.0 5.11 15.73 13.09 4.29 0.0 5.11 15.73 13.09 4.29 62146 Combined Ins Co Of Amer
0.0 0.0 -8.00 -10.69 98.85 0.0 0.0 -8.00 -10.69 98.84 82767 Commerce Natl Ins Co
0.0 0.0 0.0 0.0 27.73 0.0 0.0 0.0 0.0 27.73 70734 Commercial Bankers Life Ins Co
0.0 0.0 0.0 0.0 530.94 0.0 0.0 0.0 0.0 530.94 78654 Concord Natl Life Ins Co
0.0 0.0 0.0 0.0 118.36 0.0 0.0 0.0 0.0 118.36 62340 Consolidated Gen Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 62928 EMC Natl Life Co
0.0 -32,728.57 1,594.43 0.0 0.0 0.0 -32,728.57 1,594.43 0.0 0.0 68276 Employers Reassur Corp
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 63088 Farm Bureau Life Ins Co
0.0 0.0 0.0 0.0 87.95 0.0 0.0 0.0 0.0 78.96 67695 Federal Home Life Ins Co
0.0 0.0 0.0 0.0 768.75 0.0 0.0 0.0 0.0 763.25 63568 First VA Life Ins Co
0.0 0.0 0.0 -13.46 -7.13 0.0 0.0 0.0 -13.46 -8.52 79677 Forethought Life Assur Co
0.0 -12.81 -7.36 -2.82 -2.25 0.0 -10.31 -6.54 -2.59 -2.18 65536 Genworth Life & Ann Ins Co
0.0 0.0 0.0 29.71 54.64 0.0 0.0 0.0 30.30 52.02 64025 Great Atlantic Life
0.0 4.40 19.37 14.64 53.91 0.0 7.49 34.22 24.35 83.64 71480 Great Western Ins Co
0.0 0.0 0.0 12.89 15.20 0.0 0.0 0.0 12.89 15.20 74640 Gulfco Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 75280 Harrison Life Ins Co
0.0 84.24 0.0 0.0 0.0 0.0 81.85 0.0 0.0 0.0 32077 Heritage Cas Ins Co
0.0 0.0 -150.46 -13.56 -16.29 0.0 0.0 -146.07 -13.18 -15.96 80942 ING USA Ann & LIfe Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 84220 Interstate Bankers Life Ins Co
0.0 0.0 0.0 0.0 -15,591.40 0.0 0.0 0.0 0.0 -15,591.40 63487 Investors Life Ins Co N Amer
0.0 0.0 0.0 0.0 70.42 0.0 0.0 0.0 0.0 96.34 70254 Jefferson Pilot Financial Ins Co
0.0 -2.58 NR -2.00 -1.99 0.0 -2.58 NR -2.00 -1.99 65080 John Alden Life Ins Co
0.0 0.0 -75.78 133.89 35.14 0.0 0.0 -71.55 126.53 33.26 65099 John Hancock Life Ins Co
0.0 39.99 0.0 0.0 0.0 0.0 37.67 0.0 0.0 0.0 65838 John Hancock Life Ins Co (USA)
0.0 0.0 0.0 191.67 -367.48 0.0 0.0 0.0 191.67 -367.48 61492 Liberty Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 65323 Liberty Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 65412 Life Ins Co Of AL
0.0 0.0 0.0 34.63 39.53 0.0 0.0 0.0 28.16 31.89 64130 Life Investors Ins Co Of Amer
0.0 0.0 0.0 -1.92 -2.05 0.0 0.0 0.0 -1.92 -2.05 65595 Lincoln Benefit Life Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 69833 Lincoln Memorial Life Ins Co
© 2011 National Association of Insurance Commissioners
20
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE
2010 2009 2008 2007 2006 Loss Ratio = Annual Incurred Claims (Losses) / Earned
Premium
2010 2009 2008 2007 2006 Loss Ratio at Prima Facie Rates = Annual Incurred Claims
(Losses) $ / Earned Premiums at Prima Facie Rates 5/18/2011
COCODE COMPANY NAME
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 65722 Loyal Amer Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 88420 Member Service Life Ins Co
0.0 0.0 -12,500.00 0.0 0.0 0.0 0.0 -12,500.00 0.0 0.0 87726 Metlife Ins Co of CT
0.0 0.0 16.03 0.0 0.0 0.0 0.0 16.03 0.0 0.0 73989 Mililani Life Ins Co Ltd
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 69647 Molina Hlthcare Ins Co
0.0 0.0 0.0 0.0 176.13 0.0 0.0 0.0 0.0 134.32 66419 Mutual Serv Life Ins Co
0.0 0.0 0.0 0.0 -234.81 0.0 0.0 0.0 0.0 -234.81 66788 National Security Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 69299 Nationsbanc Ins Co Inc
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 60027 New South Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 67580 North Amer Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 87564 Northern Natl Life Ins Co of RI
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 64343 Pacific Guardian Life Ins Co Ltd
0.0 0.0 0.0 NR 0.0 0.0 0.0 0.0 NR 0.0 85561 Perico Life Ins Co
0.0 0.0 0.0 23.32 60.76 0.0 0.0 0.0 23.32 60.76 76503 Port O Call Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 68071 Puritan Life Ins Co
0.0 0.0 22.63 13.78 14.89 0.0 0.0 22.63 13.78 14.89 70998 Qualchoice Life & Hlth Ins Co Inc
0.0 0.0 0.0 78.86 0.0 0.0 0.0 0.0 102.20 0.0 61700 Renaissance Life & Hlth Ins Co of Am
0.0 0.0 0.0 97.18 0.0 0.0 0.0 0.0 56.68 0.0 68772 Security Mut Life Ins Co Of NY
0.0 0.0 0.0 -1.41 -3.77 0.0 0.0 0.0 -1.69 -4.49 76325 Senior Hlth Ins Co of PA
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 98868 Sheridan Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 79057 Southland Natl Ins Corp
0.0 19.70 38.26 41.92 59.38 0.0 10.71 21.31 26.26 38.65 69094 State Farm Life & Accident Asr Co
0.0 0.0 0.0 0.0 -5.03 0.0 0.0 0.0 0.0 -5.03 89184 Sterling Investors Life Ins Co
0.0 0.0 0.0 647.62 28.83 0.0 0.0 0.0 647.62 28.83 77704 Trans Natl Life Ins Co
0.0 0.0 35.98 44.67 18.07 0.0 0.0 35.98 44.68 18.07 93270 Triangle Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 98884 Union Security Life Ins Co
0.0 0.0 0.0 0.0 -475.30 0.0 0.0 0.0 0.0 -381.75 69663 USAA Life Ins Co
0.0 0.0 -3,054.55 NR 0.0 0.0 0.0 -3,054.55 NR 0.0 84549 Vista Life Ins Co
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92053 Wateree Life Ins
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 64467 Wellcare Hlth Ins of IL Inc
-1.34 -29.32 302.00 -15.65 135.52 -1.34 -31.09 293.06 -14.87 123.04 64394 Heritage Life Ins Co
-4.69 -3.03 -2.37 276.87 32.81 -4.69 -3.03 -2.37 276.87 32.81 61921 Citizens Security Life Ins Co
-18.25 -26.95 -18.56 -59.78 -22.76 -18.25 -26.95 -18.56 -59.78 -22.76 71439 Assurity Life Ins Co
-4.12 NR -6.12 -8.54 -6.04 -4.12 NR -6.12 -8.54 -6.04 90867 Century Credit Life Ins Co
-7.87 -8.19 19.05 42.77 31.25 -8.74 -8.86 20.19 45.06 32.86 78301 Corvesta Life Ins Co
-48.15 -39.39 -226.67 -2,719.91 2.20 -133.82 -73.98 -254.02 -2,719.91 192.71 71803 Pemco Life Ins Co
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE COUNTRYWIDE
2010 2009 2008 2007 2006 Loss Ratio = Annual Incurred Claims (Losses) / Earned
Premium
2010 2009 2008 2007 2006 Loss Ratio at Prima Facie Rates = Annual Incurred Claims
(Losses) $ / Earned Premiums at Prima Facie Rates 5/18/2011
COCODE COMPANY NAME
-0.79 0.03 8.63 14.75 3.59 -0.79 0.03 8.63 14.75 3.59 87645 United Fidelity Life Ins Co
-2.58 -3.46 136.06 135.13 101.76 -1.85 -2.55 102.20 114.27 84.09 85090 Fort Dearborn Life Ins Co of NY
-0.67 NR 47.61 NR NR -0.76 NR 53.21 37.34 57.64 88080 XL Life Ins & Ann Co
-12.11 -6.96 116.29 496.45 0.0 -17.43 -9.86 165.05 718.26 0.0 65676 Lincoln Natl Life Ins Co
-9.44 -8.59 25.29 30.88 6.58 -10.40 -9.53 28.74 35.84 7.50 71099 Parker Centennial Assur Co
-341.88 0.0 0.14 -0.14 0.0 -341.88 0.0 0.14 -0.14 0.0 90212 Great Southern Life Ins Co
-563.56 -47.52 7.86 27.24 13.65 -760.00 -63.96 7.86 27.24 13.65 68020 Mcdonald Life Ins Co
-2.72 -1.39 0.0 0.0 17.80 -2.61 -1.39 0.0 0.0 17.80 75094 Life Ins Co Of LA
-9.88 70.00 NR -0.38 28.59 -9.88 70.00 45.60 -0.38 28.59 97055 Mega Life & Hlth Ins Co The
-58.37 100.76 115.09 139.21 159.07 -58.21 101.49 115.54 140.83 162.20 68241 Prudential Ins Co Of Amer
-6.74 5.11 32.46 -16.21 2.02 -6.74 5.11 32.46 -16.21 2.02 65978 Metropolitan Life Ins Co
-116.54 124.18 62.37 45.70 65.64 -116.54 124.18 62.37 45.70 65.64 69477 Time Ins Co
COMPANIES IN REPORT - COUNTRYWIDE 47.81 45.12 45.32 42.68 43.22 46.92 44.00 43.41 41.86 42.23 192
© 2011 National Association of Insurance Commissioners
22
CREDIT LIFE
ANNUAL INCURRED CLAIMS
BY STATE SUMMARY
© 2011 National Association of Insurance Commissioners
24
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE BY STATE 5-yr Aggregated Loss Ratio 2010-2006 5-yr Aggregated Loss Ratio at Prima Facie Rates 2010-2006 3-yr Aggregated Loss Ratio 2010-2008 Business written in the
State of 3-yr Aggregated Loss Ratio at Prima Facie Rates 2010-2008 2009 2008 2007 2006
Annual Incurred Claims (Losses) $ 5/18/2011 2010 41.28 43.29 Alabama 36.99 38.50 9,419,168 10,132,060 11,495,774 10,778,448 11,967,078 41.17 40.14 Alaska 39.01 37.60 1,054,599 1,003,153 1,232,077 1,614,247 1,667,937 33.08 11.90 American Samoa 33.09 11.90 -865 5,476 2,748 14,241 93,100 42.83 44.13 Arizona 42.63 43.50 4,101,774 3,847,056 5,928,157 6,905,060 6,655,853 36.44 36.05 Arkansas 35.56 35.28 4,753,803 5,759,767 6,437,804 7,763,560 6,928,754 50.27 54.80 California 41.76 43.70 11,819,343 12,244,919 18,073,289 16,758,001 16,976,665 40.53 45.26 Colorado 38.61 42.83 3,745,098 4,402,463 5,474,533 5,228,392 5,658,687 35.51 34.64 Connecticut 35.22 34.38 1,767,622 1,861,102 2,336,399 2,744,414 3,320,482 46.33 54.04 Delaware 44.05 51.27 1,479,634 1,715,620 2,193,378 1,582,868 2,127,871 48.13 52.22 District Of Columbia 44.45 48.24 568,106 386,786 627,914 622,092 504,680 45.01 47.05 Florida 43.65 45.45 26,491,818 30,243,579 31,820,546 34,996,290 37,460,277 54.71 57.36 Georgia 52.69 55.17 18,465,080 21,081,807 22,787,018 22,968,753 27,145,257 34.58 39.92 Guam 34.49 39.74 1,082,783 740,229 1,269,467 513,258 1,108,693 39.93 40.58 Hawaii 42.07 43.10 1,106,320 1,556,325 1,286,175 1,150,479 1,673,920 35.79 39.79 Idaho 34.41 38.25 2,736,118 2,516,933 2,365,996 2,239,014 2,631,710 43.57 44.49 Illinois 42.91 43.72 13,253,632 13,747,566 17,456,795 18,798,517 20,322,476 55.62 59.58 Indiana 53.31 57.40 10,702,949 11,517,186 13,768,751 15,064,242 14,954,718 39.58 39.32 Iowa 39.72 39.64 5,998,950 7,153,037 7,832,437 8,471,479 9,033,264 36.01 35.38 Kansas 34.43 33.73 4,277,173 4,994,049 5,433,801 6,595,859 6,168,746 38.53 40.21 Kentucky 36.74 37.14 8,542,894 10,184,873 9,703,595 11,807,294 10,908,124 25.55 27.71 Louisiana 23.57 25.26 11,607,377 12,765,965 13,858,884 12,670,998 14,335,882 61.74 67.72 Maine 60.87 67.13 2,757,211 3,636,057 3,820,017 3,538,139 3,310,365 54.45 58.45 Maryland 45.98 48.80 7,219,419 8,107,238 8,381,091 7,764,914 10,233,114 38.32 39.80 Massachusetts 35.06 36.62 2,968,051 2,654,646 3,436,901 3,924,507 4,633,755 52.49 52.72 Michigan 52.33 52.64 17,096,246 19,720,669 22,622,242 25,957,929 29,312,081 49.16 51.24 Minnesota 47.37 48.61 6,462,324 8,416,557 7,452,946 9,503,717 9,519,559 34.70 34.76 Mississippi 31.67 31.38 7,081,436 7,928,043 9,211,551 8,823,060 9,218,322 48.09 50.91 Missouri 47.83 51.10 13,873,971 12,873,370 17,761,002 16,886,819 17,374,365 40.38 41.31 Montana 37.73 40.42 1,585,414 2,244,145 2,179,065 2,009,154 2,632,740 40.40 42.61 N. Mariana Islands 40.37 42.57 100,397 171,646 160,887 56,422 165,200 36.32 41.01 Nebraska 35.82 40.44 3,768,510 3,257,067 4,789,664 3,430,886 4,131,448 26.77 27.53 Nevada 28.49 29.44 1,152,847 2,174,252 1,946,729 2,393,386 2,108,124
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE BY STATE 5-yr Aggregated Loss Ratio 2010-2006 5-yr Aggregated Loss Ratio at Prima Facie Rates 2010-2006 3-yr Aggregated Loss Ratio 2010-2008 Business written in the
State of 3-yr Aggregated Loss Ratio at Prima Facie Rates 2010-2008 2009 2008 2007 2006
Annual Incurred Claims (Losses) $ 5/18/2011 2010 43.65 43.09 New Hampshire 20.96 15.64 2,317,459 1,879,613 2,088,287 2,309,466 2,739,658 42.33 42.69 New Jersey 38.51 39.14 4,650,791 5,040,519 4,944,429 6,854,217 7,496,860 49.93 48.07 New Mexico 51.31 50.55 4,244,601 5,614,498 6,045,211 6,083,874 7,685,220 55.65 57.43 New York 50.19 51.23 22,226,699 22,611,994 22,340,462 25,789,395 23,839,216 49.44 50.76 North Carolina 48.09 49.88 18,395,884 21,449,712 24,396,965 25,784,665 28,256,689 41.35 44.43 North Dakota 39.36 43.33 2,307,412 2,264,185 2,390,616 1,814,211 2,359,909 52.72 53.31 Ohio 51.57 52.66 15,924,627 19,529,745 20,323,940 24,791,479 27,847,616 41.96 45.15 Oklahoma 39.30 42.37 9,498,110 8,858,410 12,025,693 9,900,390 11,152,442 57.75 60.83 Oregon 57.96 61.05 5,970,479 6,346,105 9,042,211 7,779,134 9,841,120 54.61 56.57 Pennsylvania 53.90 55.86 31,045,277 27,720,380 32,413,977 33,310,232 37,241,651 30.78 32.78 Puerto Rico 34.70 37.66 11,128,539 13,643,427 14,087,308 14,439,782 13,719,553 51.30 58.74 Rhode Island 47.45 53.58 674,232 798,717 1,246,856 1,003,141 936,011 43.60 45.76 South Carolina 42.20 44.05 12,448,479 12,204,113 13,567,688 13,786,906 15,227,436 33.66 33.19 South Dakota 32.84 32.16 1,430,728 2,321,708 1,783,376 2,327,849 2,451,728 43.84 44.04 Tennessee 41.43 41.43 16,234,532 17,935,243 17,943,248 20,613,346 23,003,304 37.79 37.62 Texas 42.02 41.99 41,888,531 45,005,139 53,211,409 53,588,593 55,689,889 32.19 31.10
U.S. Virgin Islands 33.16 33.58 622,694 907,840 1,038,855 1,312,116 1,003,857 40.11 41.50 Utah 34.76 36.19 3,595,107 4,386,268 3,213,439 3,996,588 4,188,507 60.66 61.14 Vermont 57.08 55.66 1,189,418 1,255,472 1,527,820 1,750,041 1,821,421 59.74 63.11 Virginia 59.45 63.33 15,884,859 16,877,644 20,233,044 20,398,095 23,110,655 55.14 55.61 Washington 57.72 56.78 5,075,456 7,415,866 8,672,809 10,828,999 10,586,457 42.45 44.87 West Virginia 42.45 44.80 3,010,205 5,294,965 5,146,627 4,913,917 5,448,344 44.79 44.50 Wisconsin 46.03 45.73 8,373,956 9,379,865 10,943,666 13,085,630 13,283,202 44.61 47.74 Wyoming 43.29 46.57 1,078,680 1,744,984 1,781,077 1,339,625 1,537,972 44.57 43.43 45.97 44.61 489,530,053 553,556,643 581,378,129 624,751,964 Total 446,255,955
© 2011 National Association of Insurance Commissioners
26
2010 CREDIT EXPERIENCE REPORT
Annual Incurred Claims (Losses)
CREDIT LIFE BY STATE
2010 2009 2008 2007 2006 Loss Ratio = Annual Incurred Claims (Losses)/Earned
Premium
2010 2009 2008 2007 2006
Loss Ratio at Prima Facie Rates =Annual Incurred Claims (Losses) $/ Earned Premiums at Prima Facie Rates 5/182011
Business written in the State of 47.33 36.65 38.14 43.70 40.93 44.62 34.41 35.51 40.09 40.97 Alaska 46.11 42.26 42.07 37.20 40.42 40.62 37.52 37.77 33.59 36.58 Alabama 38.16 39.27 32.36 39.38 34.46 37.08 38.66 31.67 38.36 33.47 Arkansas -6.51 21.09 12.18 39.53 37.41 -6.51 21.09 12.18 39.53 37.41 American Samoa 54.09 37.58 43.52 44.77 38.70 53.05 36.82 43.20 44.96 38.93 Arizona 60.76 48.31 56.30 46.13 45.03 46.14 37.50 47.37 40.53 38.66 California 48.70 42.37 45.56 36.72 35.09 46.56 39.48 43.42 35.52 33.37 Colorado 39.58 31.62 34.03 34.22 38.43 39.37 31.33 33.76 34.13 37.91 Connecticut 62.64 39.04 55.39 49.95 37.28 57.72 36.01 51.36 46.14 34.40 District Of Columbia 54.97 50.31 56.67 34.31 42.10 51.60 47.86 54.06 32.55 40.28 Delaware 52.40 50.12 41.17 41.51 43.96 51.34 47.92 39.71 40.18 43.09 Florida 57.69 60.04 54.85 49.28 54.00 55.84 57.51 52.68 47.59 52.02 Georgia 42.50 29.96 46.52 18.52 35.60 41.96 29.95 46.52 18.52 35.59 Guam 37.30 49.35 35.63 32.90 44.81 39.85 52.11 37.83 34.46 46.50 Hawaii 39.26 36.63 42.21 39.28 40.50 39.86 36.80 42.45 39.24 40.35 Iowa 48.92 38.62 33.61 29.05 32.73 47.09 37.20 32.22 27.99 31.42 Idaho 47.20 39.75 46.85 42.70 42.46 47.36 39.40 44.99 41.45 42.58 Illinois 66.48 57.05 57.08 54.81 48.57 64.41 54.89 54.85 53.53 45.35 Indiana 35.82 35.46 34.98 39.22 34.46 33.89 33.84 33.49 37.34 33.31 Kansas 40.02 41.73 38.89 38.29 34.95 39.60 41.31 32.01 37.91 34.60 Kentucky 26.75 29.05 27.36 21.96 24.05 24.22 26.39 25.16 20.48 22.58 Louisiana 49.82 35.56 36.80 35.46 38.16 45.79 32.67 33.92 32.43 34.54 Massachusetts 65.80 59.79 52.29 45.15 54.32 53.34 49.34 45.03 38.64 46.46 Maryland 62.62 69.83 69.82 58.64 50.78 62.27 69.13 69.13 57.79 49.45 Maine 52.96 49.27 55.94 53.28 51.35 52.86 49.38 55.68 53.22 50.95 Michigan 60.03 54.74 42.74 49.01 45.01 51.70 53.65 41.97 47.99 44.18 Minnesota 57.94 42.77 53.20 44.87 44.85 58.48 43.00 53.12 44.77 43.58 Missouri 32.32 47.99 46.28 19.01 53.74 32.21 47.99 46.28 19.01 53.74 N. Mariana Islands 31.67 32.92 39.64 33.87 35.35 28.37 29.77 35.98 31.31 32.83 Mississippi 38.70 44.67 40.16 33.63 44.98 37.91 43.71 39.26 28.24 42.15 Montana 50.83 52.66 49.16 47.95 47.94 50.22 51.93 47.98 46.14 46.11 North Carolina 45.86 42.14 45.40 32.07 42.09 45.17 40.96 44.01 29.27 39.18 North Dakota 46.08 32.65 44.94 29.94 31.60 45.75 31.96 44.40 29.47 31.19 Nebraska 50.37 37.88 41.57 42.39 46.17 36.68 28.74 7.64 31.94 41.13 New Hampshire 50.71 45.70 35.10 42.39 41.61 47.49 41.70 31.86 38.12 37.68 New Jersey 43.87 51.18 48.60 44.76 60.26 47.58 52.67 50.88 46.86 57.42 New Mexico 24.22 33.56 24.59 27.86 24.04 24.66 35.93 27.10 32.77 23.19 Nevada 65.04 57.02 51.78 54.87 51.91 61.14 49.98 45.09 51.10 46.64 New York 54.90 55.63 50.16 51.79 52.40 52.68 53.84 51.57 50.41 50.50 Ohio 46.84 41.57 46.78 36.23 39.89 44.77 39.30 43.02 33.53 37.61 Oklahoma 64.18 52.32 66.08 50.07 58.40 64.51 52.38 66.43 50.67 58.17 Oregon
