Texas Department of Insurance Logo
333 Guadalupe St. P.O. Box 149104 Austin, TX 78714-9104

PAN-AMERICAN LIFE INSURANCE COMPANY

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Table of Contents
General Info | Contact Info | Types of Insurance | Use of Credit | Attorney for Service | Ratings | Financial Info | Premiums | Complaint Ratios | Company History | Company Officers

General Information:

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Type of Entity:  Authorized Company (AUTH)
Status of TX License:  Active
Company Status:  Normal Operations
License Number:  64650
License Type:  Life (LI)
NAIC Number:  67539
TDI Company Number:  64650
FEIN:  720281240
Home City/State:  LA
Origin:  Foreign
Date Incorporated/Organized:  03/28/1911
Date Licensed/Eligible/Registered in Texas:  01/01/1912
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  Floor 26
 601 Poydras Pan American Life Center
 New Orleans LA 70130
Office Number:  (504)566-3997
Toll Free Number:  
Fax Number:  (504)566-3787


Types of Insurance Licensed to Write:

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Use of Credit:

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To determine if a company uses credit information for private passenger automobile or homeowners insurance.


Attorney for Service:

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Rating By Financial Organization:

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The following organizations rate insurance companies on their financial strength and stability. Some of these companies charge for their services.



Financial Information:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Total Assets   $1,478,173,420     $1,444,407,080     $1,425,506,771  
Total Liabilities   $1,229,739,993     $1,217,843,370     $1,180,871,448  
Asset to Liability Ratio   1.2     1.1     1.2  
Capital   $5,000,000     $5,000,000     $5,000,000  
Net Surplus   $243,433,427     $221,563,710     $239,635,322  
Total Life Ins   $14,879,670,000     $15,568,545,000     $15,230,460,000  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $707,840     $652,369     $600,864  
Accident and Health   $34,155,125     $38,540,206     $37,487,871  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $34,862,965     $39,192,575     $38,088,735  
National Premium   $318,988,745     $322,107,862     $321,225,060  


Complaint Information:

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When considering the company's complaint index and ratio, be sure to review the company history information displayed below for recent acquisitions, mergers, or other events that may affect the figures displayed for this company.


  Dec 31, 2012 Dec 31, 2013 Apr 11, 2014
Confirmed Complaints:      
Life and Annuity 0 0 0
Accident and Health 1 1 2
Homeowner 0 0 0
Automobile 0 0 0
Workers' Compensation 0 0 0
Complaint Ratio/Index Ratio Index Ratio Index  
Life and Annuities .0000 .0000 .0000 .0000 N/A
Accident and Health .0019 .7749 .0019 .7090 N/A
Homeowner N/A N/A N/A N/A N/A
Automobile N/A N/A N/A N/A N/A
Workers' Compensation N/A N/A N/A N/A N/A

Confirmed Complaints: the number of confirmed complaints closed against the company for the line of insurance and year indicated. A complaint is confirmed if the department receives information indicating that a company committed any violation of an applicable state insurance law or regulation, a federal requirement the department has authority to enforce or the term or condition of an insurance policy or certificate. A complaint is also confirmed if the complaint and company's response, considered together, suggest that the company was in error or that the complainant had a valid reason for the complaint.

Complaint Ratios: the ratio, expressed as a percentage, is the number of closed confirmed complaints divided by the number of policies the company had in force for the line of insurance and year indicated.

Complaint Index: indicates how a company's ratio of the number of complaints to the number of policyholders compares to the average for all insurers. The index is calculated by dividing the company's percentage of complaints for a specific line of insurance by the company's percentage of the policies in force for the same line of insurance. The average index is 1.00. A number less than 1 indicates fewer complaints than average; a number greater than 1 indicates more complaints than average. For the most recent completed year, a given insurer's index may change over time, as policy count data is received by TDI. This will affect each insurer's percentage of the total.

Complaints against an insurance company are not part of the complaint tally above if the insurance company served only as a Third Party Administrator (TPA), a company hired simply to administer the paperwork of a health plan. Instead, they are included in the complaint record of the insurance company or HMO that hired the TPA. If a bonafide self-insured benefit plan hired the TPA, no complaint numbers are recorded as a part of the company/TPA's profile. Neither are profiles available for self-insured plans, as such plans are regulated under federal law.


Company History:

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Date Event
08-31-2011 EFFECTIVE 07/01/2011 REINSURED CERTAIN ACCIDENT AND HEALTH POLICIES OF UNION CENTRAL LIFE INSURANCE COMPANY (85050) LINCOLN, NEBRASKA.
08-07-2008 PENALTY OF $2,000 FOR ISSUING CERTIFICATE OF COVERAGE THAT HAD NEVER BEEN FILED FOR APPROVAL IN OKLAHOMA.
07-17-2007 CONVERTED FROM A MUTUAL LIFE INSURANCE COMPANY TO A STOCK LIFE INSURANCE COMPANY.
02-03-2004 EFFECTIVE 01/30/2004 CERTAIN GROUP ANNUITY CONTRACTS REINSURED BY MINNESOTA LIFE INSURANCE COMPANY (55650) SAINT PAUL, MINNESOTA.
06-15-2000 EFFECTIVE 06/08/2000 GROUP LONG TERM DISABILITY INSURANCE REINSURED BY SAFECO LIFE INSURANCE COMPANY (71970) REDMOND, WASHINGTON.
11-05-1999 APPROVED TO RESUME WRITING GROUP ACCIDENT AND HEALTH INSURANCE IN TEXAS.
10-13-1999 EFFECTIVE 07/01/1998 HEALTH POLICIES REINSURED BY UNITED WISCONSIN LIFE INSURANCE COMPANY (05308) GREEN BAY, WISCONSIN.
08-09-1999 APPROVED TO WITHDRAW FROM WRITING GROUP ACCIDENT AND HEALTH INSURANCE IN TEXAS. COMPANY MAY NOT RE-ENTER MARKET FOR THESE LINES WITHOUT PRIOR APPROVAL UNTIL 08/09/2004.
12-11-1998 EFFECTIVE 03/31/1998 ALL GROUP SMALL EMPLOYER BUSINESS REINSURED BY UNITED WISCONSIN LIFE INSURANCE COMPANY (05308) GREEN BAY, WISCONSIN.
05-27-1940 TOOK OVER BUSINESS OF AMERICAN NATIONAL INSURANCE COMPANY (04500) GALVESTON, TEXAS IN THE REPUBLIC OF CUBA.
04-01-1916 REINSURED MERIDIAN LIFE INSURANCE COMPANY (02487) INDIANAPOLIS, INDIANA.
01-01-1912 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
President JOSE S SUQUET
Secretary PATRICK C FRAIZER
Treasurer LORY A DUPUY