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

FIRST ALLMERICA FINANCIAL 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:  79350
License Type:  Life (LI)
NAIC Number:  69140
TDI Company Number:  79350
FEIN:  041867050
Home City/State:  MA
Origin:  Foreign
Date Incorporated/Organized:  03/16/1944
Date Licensed/Eligible/Registered in Texas:  01/01/1945
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  132 Turnpike Road Suite 210
 Southborough MA 01772
Office Number:  (508)460-2400
Toll Free Number:  (866)297-7531
Fax Number:  (508)460-2401


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   $1,276,361,222     $2,898,256,141     $4,205,964,291  
Total Liabilities   $1,190,422,598     $2,772,898,400     $4,051,301,605  
Asset to Liability Ratio   1.0     1.0     1.0  
Capital   $5,000,010     $5,000,010     $5,000,010  
Net Surplus   $80,938,614     $120,357,731     $149,662,676  
Total Life Ins   $1,943,303,000     $1,796,549,000     $8,733,546,000  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $534,232     $533,578     $427,877  
Accident and Health   $12,414     $32,040     $32,707  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $546,646     $565,618     $460,584  
National Premium   $24,871,416     $23,204,905     $21,443,332  


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 18, 2014
Confirmed Complaints:      
Life and Annuity 0 0 0
Accident and Health 0 0 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 .0000 .0000 N/A
Accident and Health .0000 .0000 .0000 .0000 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
02-15-2011 EFFECTIVE 12/18/2009 INDIVIDUAL DISABILITY INCOME INSURANCE POLICIES REINSURED BY METROPOLITAN LIFE INSURANCE COMPANY (53950) NEW YORK CITY, NEW YORK.
05-17-2010 MOVED HOME OFFICE FROM WORCESTER, MASSACHUSETTS TO SOUTHBOROUGH, MASSACHUSETTS.
10-08-2001 EFFECTIVE 07/02/2001 CERTAIN GROUP VARIABLE ANNUITY CONTRACTS REINSURED BY MINNESOTA LIFE INSURANCE COMPANY (55650) SAINT PAUL, MINNESOTA.
12-07-2000 EFFECTIVE 03/31/2000 GROUP LIFE AND HEALTH BUSINESS REINSURED BY GREAT-WEST LIFE ANNUITY INSURANCE COMPANY (69590) ENGLEWOOD, COLORADO.
07-20-2000 APPROVED TO WITHDRAW FROM WRITING MAJOR MEDICAL INSURANCE IN TEXAS. COMPANY MAY NOT RE-ENTER MARKET FOR THIS LINE WITHOUT PRIOR APPROVAL UNTIL 07/20/2005.
12-27-1995 AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
11-10-1995 FORMERLY: STATE MUTUAL LIFE ASSURANCE COMPANY OF AMERICA CONVERTED FROM A MUTUAL LIFE (02M) TO A STOCK LIFE COMPANY (02).
10-31-1994 WITHDREW AUTHORIZATION TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
07-01-1993 EFFECTIVE 04/01/1989 PARTIALLY REINSURED BY FEDERAL INSURANCE COMPANY (28750) INDIANAPOLIS, INDIANA.
06-05-1990 AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
08-24-1989 EFFECTIVE 05/01/1989 PARTIALLY REINSURED BY BOSTON MUTUAL LIFE INSURANCE COMPANY (10300) CANTON, MASSACHUSETTS.
01-01-1945 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
President MICHAEL A REARDON
Secretary SCOTT D SILVERMAN