Medicare Supplement 4th Quarter 2018 Results
Last month CSG Actuarial reported the 4th quarter 2018 Medicare Supplement enrollment results for United Healthcare and Anthem. We now have updates from other market leaders Humana and Torchmark, summarized below.
Humana’s Reports Medicare Supplement Results for 4th Quarter 2018
Humana reported 4th quarter 2018 Medicare Supplement lives of 254,300, a 3.1% increase over 3rd quarter 2018 and a 7.8% increase over 4th quarter 2017. The 18,400 increase in membership during 2018 was 7.6% higher than the membership growth in 2017. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2011. Humana also reported 4th quarter 2018 Medicare Supplement premiums of $131 million and full year 2018 premiums of $510 million. The $510 million of premiums reported for 2018 was 6.7% higher than the 2017 total premiums. Based on estimates from CSG Actuarial, Humana’s sales in ranked 7th in the market in 2018.
Torchmark Reports Medicare Supplement Sales in 4th Quarter 2018
Torchmark reported 4th quarter 2018 Medicare Supplement annualized new sales of $30.9 million, up 5% from 4th quarter 2017. For calendar year 2018 Torchmark reported Medicare Supplement annualized new sales of $74.3 million, ranking in the top 9 in the market.