Last month CSG Actuarial reported the 1st quarter 2016 Medicare Supplement enrollment results for market leader United Healthcare.  We now have updates from other market leaders, summarized below.

Aetna Reports Strong Medicare Supplement Growth in 1st Quarter 2016

Aetna reported growth in the Medicare Supplement market in 1st quarter 2016 that was higher than previous quarters.  For 1st quarter 2016, Aetna reported Medicare Supplement member in-force counts of 612,000, up 46,000 from 4th quarter 2015 and 124,000 over the past 12 months.  The 46,000 increase in membership during 1st quarter 2016 is 77% higher than the membership growth in 1st quarter 2015.  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 re-positioning of its Plan G premium rates during 2015 and continues to project Aetna’s overall Medicare Supplement sales at 3rd in the overall market.

Aetna Q1 2016 Med Supp Policies In-Force

Aetna Med Supp Lives Graph

Humana Reports Strong Medicare Supplement Growth in 1st Quarter 2016

Humana reported 1st quarter 2016 Medicare Supplement lives of 209,800, a 32% increase over 4th quarter 2015 and 41% increase over 1st quarter 2015.  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 2016 Medicare Supplement premiums of $104 million, up 32% from 4th quarter 2015 and 42% from 1st quarter 2015.  Based on estimates from CSG Actuarial, Humana’s sales over the past 12 months continue to rank in the top 5 in the market.

Humana Q1 2016 Med Supp Policies In-Force

Humana Q1 2016 Med Supp Lives

Note:  Aetna and Humana combined Medicare Supplement lives total over 820,000 as of 1st quarter 2016, ranking 4th in the Medicare Supplement market.  By the time the proposed merger would be completed, the combined lives would likely rank 3rd in the market behind only United Healthcare and Mutual of Omaha.

Torchmark Reports Medicare Supplement Sales in 1st Quarter 2016

Torchmark reported 4th quarter 2015 Medicare Supplement annualized new sales of $13.5 million, down 3% from 1st quarter 2015.  Torchmark’s annualized new business sales for the last 12 months totaled $75 million, ranking in the top 10 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 1st quarter 2016 Medicare Supplement sales of $16.4 million, down 7% from 1st quarter 2015.  CNO Financial Group also reported 1st quarter 2016 Medicare Supplement earned premiums of $209 million, down 1% from 1st quarter 2015.  CNO Financial Group’s Medicare Supplement annualized new sales continue to rank in the top 10 in the Medicare Supplement market.