West Virginia Offices of the Insurance Commissioner 2009 Annual ...

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