Last month, CSG Actuarial reported the 3rd quarter 2015 Medicare Supplement enrollment results for market leader United Healthcare, which passed the 4 million mark for Standardized and Modernized policies. We now have updates from other market leaders, summarized below.
Aetna’s Medicare Supplement Growth Rate Increases
Aetna reported growth in the Medicare Supplement market in 3rd quarter 2015 that was higher than previous quarters. For 3rd quarter 2015, Aetna reported Medicare Supplement member in-force counts of 534,000, up 27,000 from 2nd quarter 2015 and 86,000 over the past 12 months. The 27,000 increase in membership during 3rd quarter 2015 is almost double the membership growth in 3rd 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.
CSG Actuarial attributes Aetna’s recent Medicare Supplement growth to a repositioning of its Plan G premium rates during 2015 and continues to project Aetna’s overall Medicare Supplement sales at 3rd in the overall market.
Humana Medicare Supplement Lives and Premiums Continue Steady Growth
Humana reported 3rd quarter 2015 Medicare Supplement lives of 157,100, a 2% increase over 2nd quarter 2015 and 22% increase over 3rd 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 3rd quarter 2015 Medicare Supplement premium of $78 million, up 24% from 3rd quarter 2014. Based on estimates from CSG Actuarial, Humana’s sales over the past 12 months have held steady to rank in the top 6 in the market.
Torchmark Medicare Supplement Sales Up in 3rd Quarter 2015
Torchmark reported 3rd quarter 2015 Medicare Supplement annualized new sales of $12.3 million, up 18% from the reported results for 2nd quarter 2015. Torchmark’s annualized new business sales over the past 12 months totaled $89 million, ranking in the top 7 in the overall Medicare Supplement market.
CNO Financial Group Medicare Supplement Sales Results
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 3rd quarter 2015 Medicare Supplement sales of $16.8 million, down slightly from 3rd quarter 2014. CNO Financial Group also reported 3rd quarter 2015 Medicare Supplement earned premiums of $211 million, consistent with the results from 2nd quarter 2015. CNO Financial Group’s Medicare Supplement annualized new sales continue to rank in the top 10 in the Medicare Supplement market, but have softened in 2014 and 2015.
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