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

WASHINGTON NATIONAL 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:  89550
License Type:  Life (LI)
NAIC Number:  70319
TDI Company Number:  89550
FEIN:  361933760
Home City/State:  IN
Origin:  Foreign
Date Incorporated/Organized:  05/26/1923
Date Licensed/Eligible/Registered in Texas:  01/01/1925
Date Cancelled/Ineligible/Inactive:  

Contact Information:

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Mailing Address:  11825 North Pennsylvania Street
 Carmel IN 46032
Office Number:  (317)817-6100
Toll Free Number:  (800)759-7007
Fax Number:  (317)817-2161


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   $5,335,854,005     $5,247,572,006     $5,286,071,673  
Total Liabilities   $4,834,971,960     $4,778,191,604     $4,854,172,693  
Asset to Liability Ratio   1.1     1.1     1.0  
Capital   $25,036,850     $25,036,850     $25,036,850  
Net Surplus   $475,845,194     $444,343,552     $406,862,130  
Total Life Ins   $4,359,496,000     $4,353,369,000     $4,312,689,000  


Premiums:

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As of: Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013
Life and Annuities   $4,907,708     $4,624,597     $5,993,740  
Accident and Health   $39,467,967     $37,762,464     $38,059,891  
Property and Casualty   N/A     N/A     N/A  
Total Texas Premium   $44,375,675     $42,387,061     $44,053,631  
National Premium   $629,038,824     $619,499,458     $648,841,124  


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 2 0
Accident and Health 2 6 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 .0101 18.9800 N/A
Accident and Health .0038 1.5498 .0113 4.2170 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
01-25-2011 EFFECTIVE 10/01/2010 CONSECO HEALTH INSURANCE COMPANY (12875) PHOENIX, ARIZONA AND CONSECO INSURANCE COMPANY (93429) CHICAGO, ILLINOIS MERGED INTO COMPANY.
REDOMESTICATED FROM CHICAGO, ILLINOIS TO CARMEL, INDIANA BY WAY OF CHARTER AMENDMENT.
08-14-2007 PENALTY OF $10,000 FOR FAILURE TO RESPOND TO AN INQUIRY IN NEBRASKA.
10-12-2004 EFFECTIVE 10/01/2004 BANKERS NATIONAL LIFE INSURANCE COMPANY (57900) AMARILLO, TEXAS MERGED INTO COMPANY.
10-29-2003 EFFECTIVE 07/01/2003 CONSECO MEDICAL INSURANCE COMPANY (93903) CHICAGO, ILLINOIS MERGED INTO COMPANY. EFFECTIVE 07/01/2003 PIONEER LIFE INSURANCE COMPANY (93409) CHICAGO, ILLINOIS MERGED INTO COMPANY.
10-26-2001 EFFECTIVE 06/30/2001 WABASH LIFE INSURANCE COMPANY (93691) CARMEL, INDIANA MERGED INTO COMPANY.
10-23-2001 PENALTY OF $7,500 FOR DENIAL TO PAY FOR MEDICALLY NECESSARY SERVICES IN MARYLAND.
09-06-2001 APPROVED TO WITHDRAW FROM WRITING GROUP ACCIDENT AND HEALTH AND GUARANTEED RENEWABLE ACCIDENT AND HEALTH INSURANCE IN TEXAS. COMPANY MAY NOT RE-ENTER MARKET FOR THESE LINES WITHOUT PRIOR APPROVAL UNTIL 09/06/2006.
06-18-2001 PENALTY OF $10,000 FOR REFUSAL TO PAY CLAIMS WITHOUT CONDUCTING A REASONABLE INVESTIGATION IN MAINE.
01-31-2000 PENALTY OF $8,000 FOR FAILURE TO PROVIDE CONSUMERS WITH A DESCRIPTION OF THE STATUTORILY MANDATED GRIEVANCE PROCEDURE IN MAINE.
09-22-1999 WITHDREW AUTHORIZATION TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
07-13-1999 PENALTY OF $17,500 FOR VIOLATIONS FOUND DURING AN INVESTIGATION IN SOUTH DAKOTA.
02-18-1999 MOVED HOME OFFICE FROM LINCOLNSHIRE, ILLINOIS TO CHICAGO, ILLINOIS.
09-02-1998 PENALTY OF $35,000 FOR VIOLATIONS OF NORTH DAKOTA LAW IN NORTH DAKOTA.
06-23-1997 PARTIALLY REINSURED BY TRUSTMARK INSURANCE COMPANY (MUTUAL) (09360) LAKE FOREST, ILLINOIS
05-06-1997 PENALTY OF $5,000 FOR FAILURE TO FILE AMENDED FORMS IN A TIMELY MANNER IN MAINE.
12-20-1993 MOVED HOME OFFICE FROM EVANSTON, ILLINOIS TO LINCOLNSHIRE, ILLINOIS.
02-01-1993 AUTHORIZED TO OPERATE AS A THIRD PARTY ADMINISTRATOR.
09-23-1991 EFFECTIVE 09/01/1991 PARTIALLY REINSURED BY AMERICAN FOUNDERS LIFE INSURANCE COMPANY (02655) DALLAS, TEXAS.
09-10-1991 EFFECTIVE 03/01/1991 REINSURED BY WESTERN STATES LIFE INSURANCE COMPANY (91100) FARGO, NORTH DAKOTA.
08-23-1991 PENALTY OF $10,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN OKLAHOMA.
07-30-1991 PENALTY OF $10,000 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN MISSOURI.
03-13-1991 PENALTY OF $5,000 FOR FAILURE TO FILE REQUIRED MATERNITY ENDORESEMENT ON RIDER IN VERMONT.
12-21-1990 PENALTY OF $10,000 FOR CLAIMS-HANDLING PROCEDURES IN FLORIDA.
11-07-1990 PENALTY OF $39,500 FOR VIOLATIONS FOUND DURING A MARKET CONDUCT EXAMINATION IN PENNSYLVANIA.
06-27-1990 EFFECTIVE 04/01/1990 PARTIALLY REINSURED BY MONUMENTAL LIFE INSURANCE COMPANY (56200) BALTIMORE, MARYLAND.
05-31-1954 ASSUMED ACCIDENT AND HEALTH BUSINESS OF CONTINENTAL LIFE INSURANCE COMPANY (00866) SAINT LOUIS, MISSOURI.
12-22-1949 REINSURED GREAT NORTHERN LIFE INSURANCE COMPANY (01635) MILWAUKEE, WISCONSIN
05-04-1949 REINSURED ALL ACCIDENT, HEALTH AND HOSPITALIZATION POLICIES OF SURETY LIFE INSURANCE COMPANY (03928) CORPUS CHRISTI, TEXAS. REINSURED ALL ACCIDENT AND HEALTH POLICIES OF METROPOLITAN INSURANCE COMPANY OF AMERICA (02504) CORPUS CHRISTI, TEXAS.
05-31-1938 HERCULES LIFE INSURANCE COMPANY (01828) CHICAGO, ILLINOIS MERGED INTO COMPANY
07-01-1937 GREAT WESTERN INSURANCE COMPANY (01654) DES MOINES, IOWA MERGED INTO AND WAS REINSURED BY COMPANY.
01-22-1931 FORMERLY: WASHINGTON FIDELITY NATIONAL INSURANCE COMPANY (04433).
01-01-1925 GRANDFATHERED FOR CAPITAL AND SURPLUS REQUIREMENTS


Company Officers:

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Title Name
President STEVEN M STECHER
Secretary KARL W KINDIG
Treasurer TODD M HACKER