Bankers Life and Casualty Company

Bankers Life and Casualty Company (NAIC 61263) is a long-running life and accident-and-health insurer with roots in the late 1870s; statutory financial filings report an 1880 incorporation. State regulatory profiles list it as a life-disability carrier and associate it with the CNO Financial Group through NAIC group listings. The company has historically focused on individual-oriented protection and retirement products aimed at middle-market consumers, including life insurance, supplemental health coverage, and annuities. Public regulatory data also reflects substantial accident-and-health activity, consistent with product lines such as Medicare supplement and other senior-market offerings. That niche benefits from distribution built on education and service, since consumers often need help comparing benefit designs, underwriting rules, and claim procedures. Bankers has operated through cycles that shaped demand and profitability: high inflation and interest rates that intensified credited-rate competition, and later decades where prolonged low rates increased the value (and cost) of long-duration guarantees. Carriers in this segment typically adjusted benefit designs, pricing assumptions, and investment strategy as medical cost trends and longevity expectations evolved. Reinsurance is not highlighted in public profiles as a defining differentiator for this carrier; the most supportable description is that it is used conventionally to manage mortality and morbidity volatility and to reduce statutory capital strain. The broader opportunity has been steady demand for senior-focused protection, supported by demographic aging and the need to fill coverage gaps around Medicare and retirement income.

https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?doFunction=getCompanyProfile&event=companyProfile&naic=61263 | https://insurance.mo.gov/CompanyAgentSearch/CompanySearch/compSearchDetails.php?id=124841 | https://insurancenewsnet.com/oarticle/first-quarter-2025-bankers-life-and-casualty-company

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