West Virginia Offices of the Insurance Commissioner 2009 Annual ...
West Virginia Offices of the Insurance Commissioner 2009 Annual ...
West Virginia Offices of the Insurance Commissioner 2009 Annual ...
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<strong>2009</strong> Summary <strong>of</strong> <strong>West</strong> <strong>Virginia</strong> Operations<br />
<strong>of</strong> Licensed Insurers by Lines <strong>of</strong> Business<br />
Life, Annuity, Accident and Health and Fraternal <strong>Insurance</strong><br />
LIFE Premiums Written Benefits Paid<br />
Ordinary Life $419,869,271 $853,151,327<br />
Credit Life $8,012,123 $5,787,823<br />
Group Life $159,120,833 $518,625,300<br />
Industrial Life $146,703 $3,585,420<br />
Fraternal Life <strong>Insurance</strong> $9,817,588 $12,472,050<br />
Total Life <strong>Insurance</strong>: $596,966,518 $1,393,621,920<br />
ANNUITIES Considerations Benefits Paid<br />
Life Annuites $1,150,188,026 $355,946,632<br />
Fraternal Annuities $12,996,365 $5,504,089<br />
TOTAL ANNUITIES: $1,163,184,391 $361,450,721<br />
ACCIDENT & HEALTH INSURANCE<br />
Loss Ratio<br />
Life Premiums Earned Benefits Incurred Exc. LAE<br />
Individual A & H Type Policies $150,898,928 $96,162,884 64%<br />
Group A & H $343,450,182 $274,216,257 80%<br />
Federal Employees Health Benefits $1,713,579 $1,861,634 109%<br />
Credit A & H, (Group and Ind.) $6,553,511 $4,256,174 65%<br />
Collectively Renewable A & H $557,404 $251,718 45%<br />
Total Life A & H <strong>Insurance</strong> $503,173,604 $376,748,667 75%<br />
Fraternal<br />
Individual A & H Type Policies $5,695,992 $4,529,624 80%<br />
Collectively Renewable A & H $0 $0 0%<br />
Total Fraternal A & H <strong>Insurance</strong> $5,695,992 $4,529,624 80%<br />
Property<br />
Individual A & H Type Policies $7,040,278 $5,239,804 74%<br />
Group A & H $15,715,416 $11,845,719 75%<br />
Federal Employees Health Benefits $0 $0 0%<br />
Credit A & H, (Group and Ind.) $594,799 $106,656 18%<br />
Collectively Renewable A & H $4,890 $40 1%<br />
Total Property A & H <strong>Insurance</strong> $23,355,383 $17,192,219 74%<br />
Hospital, Medical, and Dental Corp. (HMDI) $775,739,536 $697,485,120 90%<br />
Health Maintenance Org. (HMO) $536,908,621 $458,611,828 85%<br />
Limited Health Service Org. $1,402,198 $1,252,516 89%<br />
Life Org. Reporting on Health Blank $889,188,586 $765,336,746 86%<br />
Property Org. Reporting on Health Blank $30,093,567 $26,978,865 90%<br />
Total Accident & Health: $2,765,557,487 $2,348,135,585 85%<br />
Total Life, Annuity, Accident & Health, and<br />
Fraternal <strong>Insurance</strong> $4,525,708,396 $4,103,208,226<br />
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