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

PHYSICIANS MUTUAL INSURANCE COMPANY

Skip over these navigation links.

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:

Return to top.

Type of Entity:  Authorized Company (AUTH)
Status of TX License:  Active
Company Status:  Normal Operations
License Number:  66530
License Type:  Life (LI)
NAIC Number:  80578
TDI Company Number:  66530
FEIN:  470270450
Home City/State:  NE
Origin:  Foreign
Date Incorporated/Organized:  01/01/1902
Date Licensed/Eligible/Registered in Texas:  12/21/1967
Date Cancelled/Ineligible/Inactive:  

Contact Information:

Return to top.

Mailing Address:  P O Box 3313
 Omaha NE 68103-0313
Office Number:  (402)633-1000
Toll Free Number:  (800)228-9100
Fax Number:  (402)633-1096

Physical Address:  2600 Dodge Street
 Omaha NE 68131-2672
Office Number:  
Toll Free Number:  
Fax Number:  


Types of Insurance Licensed to Write:

Return to top.


Use of Credit:

Return to top.

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


Attorney for Service:

Return to top.



Rating By Financial Organization:

Return to top.

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



Financial Information:

Return to top.

As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Total Assets   $1,732,476,430     $1,829,659,460     $1,920,523,118  
Total Liabilities   $889,051,597     $963,551,729     $989,398,389  
Asset to Liability Ratio   1.9     1.9     1.9  
Capital   $0     $0     $0  
Net Surplus   $843,424,833     $866,107,731     $931,124,729  
Total Life Ins   $0     $0     $0  


Premiums:

Return to top.

As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $0     $0     $0  
Accident and Health   $32,942,602     $33,570,624     $34,581,468  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $32,942,602     $33,570,624     $34,581,468  
National Premium   $271,086,825     $280,296,962     $295,430,746  


Complaint Information:

Return to top.

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 18, 2014
Confirmed Complaints:      
Life and Annuity 0 0 0
Accident and Health 1 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 N/A N/A N/A N/A N/A
Accident and Health .0027 1.1012 .0021 .7854 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:

Return to top.

Date Event
11-25-2008 PENALTY OF $375,000 PAID BY COMPANY AND PHYSICIANS LIFE INSURANCE COMPANY FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MINNESOTA.
01-27-2006 PENALTY OF $8,000 FOR FAILURE TO TIMELY FILE ANNUAL RATE FILINGS FOR A LONG-TERM CARE PRODUCT IN 2002 AND 2004 IN FLORIDA.
07-12-2005 PENALTY OF $100,000 FOR PROVIDING FULL COMMISSIONS TO INSURANCE INTERMEDIARIES FOR REPLACEMENT OF LONG-TERM CARE POLICIES IN WISCONSIN.
11-24-2003 PENALTY OF $5,000 FOR VIOLATIONS FOUND DURING A TARGET MARKET CONDUCT EXAMINATION OF MEDICARE SUPPLEMENT INSURANCE OPERATIONS IN MARYLAND.
10-31-2002 PENALTY OF $13,684 PAID BY COMPANY AND PHYSICIANS LIFE INSURANCE COMPANY FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.
07-13-2000 PENALTY OF $7,500 FOR ADVERTISEMENT VIOLATIONS IN TEXAS.
08-02-1999 PENALTY OF $15,000 FOR FAILURE TO GIVE APPLICANTS NOTICE OF AN ADVERSE UNDERWRITING DECISION IN THE FORM APPROVED BY THE COMMISSIONER IN VIRGINIA.
10-26-1998 AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
06-06-1997 PENALTY OF $13,746.20 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.
01-29-1992 PENALTY OF $7,500 FOR PAYING FIRST YEAR COMMISSIONS RATHER THAN RENEWAL COMMISSIONS FOR NUMEROUS REPLACEMENT POLICIES IN WISCONSIN.
12-21-1967 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

Return to top.

Title Name
President ROBERT A REED
Secretary JAMES T CANEDY
Treasurer DALE E BRETT