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333 Guadalupe St. P.O. Box 149104 Austin, TX 78714-9104

PHILADELPHIA 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:  66160
License Type:  Life (LI)
NAIC Number:  67784
TDI Company Number:  66160
FEIN:  741952955
Home City/State:  TX
Origin:  Domestic
Date Incorporated/Organized:  01/06/1978
Date Licensed/Eligible/Registered in Texas:  03/23/1978
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  P O Box 4884
 Houston TX 77210-4884
Office Number:  (281)368-7200
Toll Free Number:  (800)713-4680
Fax Number:  (281)368-7286

Physical Address:  11720 Katy Freeway Suite 1700
 Houston TX 77079-1243
Office Number:  
Toll Free Number:  
Fax Number:  


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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Please refer to Chapter 804 of the Texas Insurance Code (former Texas Insurance Code art. 1.36) for service of process procedures.



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, 2012 Dec. 31, 2013 Dec. 31, 2014
Total Assets   $197,617,731     $205,698,055     N/A  
Total Liabilities   $171,518,141     $176,743,293     N/A  
Asset to Liability Ratio   1.1     1.1     N/A  
Capital   $3,000,000     $3,000,000     N/A  
Net Surplus   $23,099,590     $25,954,762     N/A  
Total Life Ins   $47,649,000     $50,227,000     N/A  


Premiums:

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As of: Dec. 31, 2012 Dec. 31, 2013 Dec. 31, 2014
Life and Annuities   $9,559,321     $13,084,705     N/A  
Accident and Health   $6,069,345     $8,045,912     N/A  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $15,628,666     $21,130,617     N/A  
National Premium   $99,599,065     $121,036,834     N/A  


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, 2013 Dec 31, 2014 Feb 27, 2015
Confirmed Complaints:      
Life and Annuity 0 0 0
Accident and Health 0 1 0
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 N/A N/A N/A
Accident and Health .0000 .0000 .0000 N/A 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
12-06-2007 EFFECTIVE 01/01/2007 REINSURED CERTAIN INDIVIDUAL LONG TERM CARE POLICIES OF LIFE AND HEALTH INSURANCE COMPANY OF AMERICA, PLYMOUTH MEETING, PENNSYLVANIA NOT LICENSED IN TEXAS.
10-12-2007 EFFECTIVE 10/01/2007 REINSURED DEFERRED ANNUITY CONTRACTS FROM LONDON PACIFIC LIFE & ANNUITY COMPANY (76355) RALEIGH, NORTH CAROLINA.
11-15-2005 EFFECTIVE 12/31/2005 REINSURED CERTAIN INDIVIDUAL ACCIDENT AND HEALTH INSURANCE POLICIES FROM CENTRAL STATES HEALTH & LIFE CO. OF OMAHA (15150) OMAHA, NEBRASKA
10-22-2003 EFFECTIVE 01/01/2004 REINSURED CERTAIN ACCIDENT AND HEALTH INSURANCE POLICIES OF OCCIDENTAL LIFE INSURANCE COMPANY OF NORTH CAROLINA (62600) WACO, TEXAS
11-04-2002 EFFECTIVE 09/01/2002 TOTALLY REINSURED BANKERS COMMERCIAL LIFE INSURANCE COMPANY (07650) DALLAS, TEXAS.
06-27-2002 APPROVED TO WITHDRAW FROM WRITING ASSOCIATION COVERAGE INSURANCE IN TEXAS. COMPANY MAY NOT RE-ENTER MARKET FOR THIS LINE WITHOUT PRIOR APPROVAL UNTIL 06/27/2007.
05-22-2000 EFFECTIVE 10/01/1999 COMPANY AND NEW ERA LIFE INSURANCE COMPANY (79450) HOUSTON, TEXAS REINSURED THE CENTENNIAL LIFE INSURANCE COMPANY (14376) LENEXA, KANSAS
05-04-2000 AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
10-27-1997 REINSURED ONE POLICY OF NEW ERA LIFE INSURANCE COMPANY (79450) HOUSTON, TEXAS
06-27-1996 ACQUIRED BY NEW ERA LIFE INSURANCE COMPANY (79450) HOUSTON, TEXAS.
06-20-1996 REDOMESTICATED FROM PHILADELPHIA, PENNSYLVANIA TO HOUSTON, TEXAS BY WAY OF CHARTER AMENDMENT.
09-30-1994 PENALTY OF $200,000 FOR NOT PAYING OR ACKNOWLEDGED RECEIPT OF CLAIMS WITHIN 15 DAYS IN CALIFORNIA.
12-15-1983 FORMERLY: PHILADELPHIA LIFE INSURANCE COMPANY (04841).
09-30-1983 EFFECTIVE 09/30/1983 ALL INDIVIDUAL LIFE INSURANCE, DISABILITY INSURANCE, ANNUITY POLICIES, QUALIFIED PENSION OR PROFIT SHARING PLANS AND RETIRED LIVES RESERVE PLANS REINSURED BY NEW PLI LIFE INSURANCE COMPANY (69400) PHILADELPHIA, PENNSLYVANIA
03-23-1978 PHILADELPHIA LIFE INSURANCE COMPANY (66150) PHILADELPHIA, PENNSYLVANIA MERGED INTO NEW PLI LIFE INSURANCE COMPANY (05305) AND IMMEDIATELY CHANGED NAME TO PHILADELPHIA LIFE INSURANCE COMPANY.
01-06-1978 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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For names of the company’s current officers, please contact the company at the phone number listed in the Contact Information above or on their website.