This week, we have whole life insurance first quarter 2017 results from Wink’s Sales & Market Report, and an update on Humana shares gain as their 2018 Medicare Advantage outlook improves.
MassMutual Leads in Whole Life in 1Q 2017 | InsuranceNewsNet | June 14, 2017
MassMutual Life finished as the top seller of whole life insurance in the first quarter 2017, industry tracker Wink’s Sales & Market Report said this week.
MassMutual was the top whole life seller in 2016.
In the first quarter, the company generated new sales of $142 million and a market share of 15 percent, said Sheryl J. Moore, president and CEO of Moore Market Intelligence and Wink Inc., publisher of the life and annuity industry data tracker Wink’s Sales & Market Report.
Mutual of Omaha, Transamerica, Penn Mutual and Americo rounded out the top five companies for whole life sales, Wink said.
Humana shares gain as 2018 Medicare Advantage outlook improves | Reuters | August 2, 2017
U.S. health insurer Humana Inc (HUM.N) on Wednesday said that it now anticipated a higher percentage of customers will be in its most profitable Medicare Advantage plans for the elderly and people with disabilities in 2018, sending shares up more than 4 percent.
Humana announced last fall that the government regulator had cut quality ratings on many of its plans, which would have lowered government payments in 2018. But the company said on Wednesday it expected 74 percent of customers would be in higher-rated plans for 2018, versus the 37 percent it had announced last fall and the 78 percent for 2017.