Last month CSG Actuarial shared information from the NAIC and other sources and reported that total earned premiums in 2017 for the Medicare Supplement market totaled $31.0 billion, a 6.6% increase over 2016.

A few other data points of interest:

There are only eight carriers with more than 100,000 Medicare Supplement lives in 2017 and 5% growth in Medicare Supplement lives for each of 2015, 2016, and 2017:

  • Aetna
  • Cigna
  • Humana
  • American Enterprise
  • USAA
  • Torchmark
  • Physicians Mutual
  • Manhattan Life Group

There are only six carriers (including mergers & acquisitions) with more than 50,000 Medicare Supplement lives in 2006 and average annual growth in Medicare Supplement lives greater than 7.5% for years 2006 to 2017:

  • Mutual of Omaha
  • Aetna & Genworth
  • Cigna & Great American
  • Blue Shield of CA
  • Transamerica
  • USAA

% of Policies by Plan for Incurred Years 2013-2017 for Policies Issued Within 3 Years of Each Incurred Year

Med Supp Market Premium Growth

States with the highest percentage of Medicare Supplement policies relative to total Medicare lives:

  • Nebraska
  • Iowa
  • Wyoming
  • Kansas
  • North Dakota

States with the lowest percentage of Medicare Supplement policies relative to total Medicare lives:

  • Hawaii
  • Minnesota
  • New York
  • New Mexico
  • Alaska