CSG Actuarial has compiled information from the NAIC and other sources and is reporting that the total market Medicare Supplement earned premiums in 2012 totaled $23.1 billion, a 5% increase over 2011 and a 24% increase since 2004. The overall Medicare Supplement earned premium growth from 2004 to 2012 is shown in this chart.
The growth in overall Medicare Supplement market earned premiums has been fueled by increasing new business sales. Overall annualized new business premiums increased to $3.1 billion in 2012, up from $2.0 billion in 2004. The overall Medicare Supplement annualized new business premium growth from 2004 to 2012 is shown in this chart.
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