Medicare Supplement market leader United Healthcare (UHC) released 2nd quarter 2016 financials on July 19th, adding 15,000 Medicare Supplement lives in 2nd quarter. The UHC enrollment table features Standardized and Modernized policy in-force counts of 4,215,000 as of 6/30/2016, a 250,000 increase in the past 12 months. The 250,000 policy count growth over the last year is a 6.3% increase over the policy counts at 6/30/2015, the lowest annual percentage growth rate since 2011.
Torchmark Reports Medicare Supplement Sales in 2nd Quarter 2016
Torchmark reported 2nd quarter 2016 Medicare Supplement annualized new sales of $11.1 million, up 6% from 2nd quarter 2015. Torchmark’s annualized new business sales for the last 12 months totaled $76.1 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 2nd quarter 2016 Medicare Supplement sales of $16.7 million, up 2% from 2nd quarter 2015. CNO Financial Group also reported 2nd quarter 2016 Medicare Supplement earned premiums of $210 million, down $1 million from 2nd quarter 2015 and up $1 million from 1st quarter 2016. CNO Financial Group’s Medicare Supplement annualized new sales continue to rank in the top 10 in the Medicare Supplement market.