Last month CSG Actuarial reported the 2nd quarter 2017 Medicare Supplement enrollment results for UnitedHealthcare. We now have updates from other market leaders Aetna, Humana, Torchmark and CNO Financial, summarized below.
Aetna’s Growth Slows Further in 2nd Quarter 2017
Aetna reported growth in the Medicare Supplement market in 2nd quarter 2017 that was lower than any quarter since 2nd quarter 2012. For 2nd quarter 2017, Aetna reported Medicare Supplement member in-force counts of 724,000, up 13,000 from 1st quarter 2017 and 87,000 over the past 12 months. The 13,000 increase in membership during 2nd quarter 2017 was 48% lower than the membership growth in 2nd quarter 2016. 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.
Even with the recent slowdown, Aetna’s Medicare Supplement lives in-force have increased at a 31% annual growth rate over the past 5.5 years, six times the growth rate of the overall market for that same period of time.
CSG Actuarial projects Aetna’s overall Medicare Supplement sales at 3rd in the overall market over the past 12 months.
Humana’s Medicare Supplement Growth Slows in 2nd Quarter 2017
Humana reported 2nd quarter 2017 Medicare Supplement lives of 232,700, a 1% increase over 1st quarter 2017 and a 10% increase over 2nd quarter 2016. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2011. Humana also reported 2nd quarter 2017 Medicare Supplement premiums of $118 million, up 11% from 2nd quarter 2016. Based on estimates from CSG Actuarial, Humana’s sales over the past 12 months ranked in the top 6 of the market.
Torchmark Reports Medicare Supplement Sales in 2nd Quarter 2017
Torchmark reported 2nd quarter 2017 Medicare Supplement annualized new sales of $13.9 million, up 8% from 1st quarter 2017 and 26% from 2nd quarter 2016. Torchmark’s annualized new business sales over the past 12 months totaled $63.2 million, ranking in the top 10 in the overall Medicare Supplement market.
CNO Financial Group Reports Medicare Supplement Sales in 2nd Quarter 2017
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 2nd quarter 2017 Medicare Supplement sales of $15.4 million, down 13% from 1st quarter 2017 and 8% from 2nd quarter 2016. For the past 12 months CNO Financial Group reported Medicare Supplement sales of $72.9, ranking in the top 10 in the Medicare Supplement market. CNO Financial Group also reported 2nd quarter 2017 Medicare Supplement earned premiums of $208 million, down $2 million from 1st quarter 2017 and 2nd quarter 2016. Based on estimates from CSG Actuarial, CNO Financial Group’s sales over the past 12 months ranked in the top 8 of the market.
