CSG Actuarial has compiled information from the NAIC and other sources and is reporting that earned premiums in the Medicare Supplement market in 2016 totaled $29.0 billion, a 6.6% increase over 2015.

A few other notes of interest:

The total Medicare Supplement lives covered in 2016 increased to $13.1 million, up 5.8% from 2015.

The top 12 carriers in terms of 2016 Medicare Supplement premiums were:

2Mutual of Omaha
6CNO Financial
7BCBS of Massachusetts
9BCBS of Florida
12BCBS of North Carolina

Overall premiums in the market have grown from $22.1 billion in 2011 to $29.0 billion in 2016, an average annual increase of 5.6% per year over that time period.  The average growth rate over that time period for the 12 market leaders listed above is shown in the graph below:

Med Supp Annual Premium Growth Rate 2011-2016

For that time period, market leaders United Healthcare, HCSC, Aetna, Cigna, and Humana grew faster than the overall market.  Market leaders Mutual of Omaha, Anthem, CNO Financial, BCBS of Massachusetts, BCBS of Florida, Wellmark, and BCBS of North Carolina grew at a slower rate than the overall market.

Look for more information this summer when CSG Actuarial releases its 7th Annual Future of Medicare Supplement Market Projection.