Three weeks ago, CSG Actuarial reported the 1st quarter 2015 Medicare Supplement enrollment results for market leader United Healthcare, which increased 180,000 over 4th quarter 2014. We now have updates from other market leaders, summarized below.
Aetna’s Medicare Supplement Block Almost to 500,000 Lives
Aetna reported growth in the Medicare Supplement market in 1st quarter 2015, but as previously reported, that growth continues to slow. For 1st quarter 2015, Aetna reported Medicare Supplement member in-force counts of 488,000, up 26,000 from 4th quarter 2014 and 71,000 over the past 12 months. The 26,000 increase in membership during 1st quarter 2015 is 5,000 less than the membership growth in 1st quarter 2014. The table below shows Aetna’s Medicare Supplement enrollment counts by quarter since 4th quarter 2011 and annual increase in Medicare Supplement enrollment counts by quarter since 4th quarter 2012. Aetna’s overall Medicare Supplement sales continue to rank 3rd in the overall market.
Humana Medicare Supplement Lives and Premiums Continue Steady Growth
Humana reported 1st quarter 2015 Medicare Supplement lives of 149,200, a 13% increase over 4th quarter 2014 and 26% increase over 1st quarter 2014. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2008 and annual increase in Medicare Supplement enrollment counts by quarter since 1st quarter 2009. Humana also reported 1st quarter 2015 Medicare Supplement premium of $73 million, up 28% from 1st quarter 2014. Based on estimates from CSG Actuarial, Humana’s sales over the past 12 months have increased to rank in the top 7 in the market.
Torchmark Medicare Supplement Sales Down Slightly in 1st Quarter 2015
Torchmark reported 1st quarter 2015 Medicare Supplement annualized new sales of almost $14 million, down 14% from the reported results for 1st quarter 2014. Torchmark’s annualized new business sales over the past 12 months totaled more than $104 million, ranking in the top 6 in the overall Medicare Supplement market.
CNO Financial Group Medicare Supplement Sales Continue to Trend Lower
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 1st quarter 2015 Medicare Supplement sales of $17.6 million, down 7% from 1st quarter 2014. CNO Financial Group also report total 1st quarter 2015 Medicare Supplement earned premiums of $212 million, down 1% from 4th quarter 2014. CNO Financial Group’s Medicare Supplement annualized new sales continue to rank in the top 10 in the Medicare Supplement market.
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