Last month CSG Actuarial reported the 3rd quarter 2018 Medicare Supplement enrollment results for UnitedHealthcare. We now have updates from other market leaders Aetna, Humana, CNO Financial, and Torchmark, summarized below.
Aetna Reports Results for 3rd Quarter 2018
For 3rd quarter 2018, Aetna reported Medicare Supplement member in-force counts of 775,000, up 18,000 from 2nd quarter 2018 and 42,000 over the past 12 months. The 18,000 increase in membership during 3rd quarter 2018 was double the membership growth in 3rd quarter 2017. 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 projects Aetna’s overall Medicare Supplement sales at 4th in the overall market over the past 12 months.
Humana Reports Medicare Supplement Results for 3rd Quarter 2018
Humana reported 3rd quarter 2018 Medicare Supplement lives of 246,600, a 2.1% increase over 2nd quarter 2018 and a 5% increase over 3rd quarter 2017. The 5,100 increase in membership during 3rd quarter 2018 was 132% higher than the membership growth in 3rd quarter 2017. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2011. Humana also reported 2nd quarter 2018 Medicare Supplement premiums of $129 million, up 7% from 3rd quarter 2017. Based on estimates from CSG Actuarial, Humana’s sales ranked 7th in the market over the past 12 months.
CNO Financial Group Reports Medicare Supplement Sales in 3rd Quarter 2018
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 3rd quarter 2018 Medicare Supplement sales of $13.9 million, down 3% from 2nd quarter 2018. For the past 12 months CNO Financial Group reported Medicare Supplement sales of $61.1 million, ranking in the top 10 in the Medicare Supplement market. CNO Financial Group also reported 3rd quarter 2018 Medicare Supplement earned premiums of $204 million, equal to results from 2nd quarter 2018.
Torchmark Reports Medicare Supplement Sales in 3rd Quarter 2018
Torchmark reported 3rd quarter 2018 Medicare Supplement annualized new sales of $13.4 million, up 32% from 3rd quarter 2017. For the past 12 months, Torchmark reported Medicare Supplement annualized new sales of $72.7 million, ranking in the top 10 in the market.
