by Carrie Haubensak | May 25, 2023 | Insurance Industry, news
The record-smashing tier of annuity sales will not be going away anytime soon, LIMRA analysts predict. For two decades, annuity sales hovered around the $200 billion to $250 billion range before busting out in 2022 with sales of $312.8 billion, LIMRA found. That... read more
by Carrie Haubensak | May 25, 2023 | Insurance Industry, news
Historic investment in first of its kind development program will empower Integrity leaders to become even more effective at helping employees maximize their potential. Integrity Marketing Group, LLC launched the Integrity Leadership Academy, an expansive leadership... read more
by Carrie Haubensak | May 25, 2023 | Insurance Industry, Medicare, Medicare Supplement
Beginning in 2013, Plans G and N began to experience significant increases in market share. Around this time, carriers began pricing Plan G much more aggressively. Despite the only benefit difference being that Plan F covers the Part B deductible ($147 in 2013),... read more
by Carrie Haubensak | May 22, 2023 | Insurance Industry, Medicare, Medicare Supplement
CSG Actuarial has tracked all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. Here are the average new business Medicare Supplement rate increases by plan for 2018 – 2022. Plan20182019202020212022... read more
by Carrie Haubensak | May 22, 2023 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
CSG Actuarial has compiled key enrollment information on Medicare Advantage and Medicare Supplement from SelectQuote, Inc.’s financial results for Calendar 1st Quarter 2023. SelectQuote Medicare Segment Calendar 1st Quarter 2023 Enrollment Highlights: Medicare... read more
by Carrie Haubensak | May 19, 2023 | Insurance Industry, news
Nonprofit Kaiser Permanente posted net income of $1.2 billion for the first quarter this year, as higher care volumes and a more generous financial market boosted quarterly profit. The operator reported a $961 net loss in the first quarter of last year. Kaiser... read more
by Carrie Haubensak | May 16, 2023 | Insurance Industry, news
Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has acquired The Insurance Superstore, an independent marketing organization (“IMO”)... read more
by Carrie Haubensak | May 16, 2023 | Insurance Industry, Medicare Supplement
As reported by CSG Actuarial last month, CSG Actuarial has compiled information from the NAIC* and other sources and reported that total earned premiums in the Medicare Supplement market in 2022 totaled $36.1 billion, a 1.4% increase over 2021. The breakdown of earned... read more
by Carrie Haubensak | May 16, 2023 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement, news
CSG Actuarial has compiled key enrollment information on Medicare Advantage and Medicare Supplement from eHealth Inc.’s 1st Quarter 2023 Financial results. eHealth Medicare Segment 1st Quarter 2023 Enrollment Highlights: Medicare Advantage new approved members... read more
by Carrie Haubensak | May 11, 2023 | Insurance Industry, news
Cigna Group raised its full-year guidance for adjusted earnings per share, revenue and customer growth as it reported first-quarter results Friday, including total revenue up 6% year over year at $46.5 billion. The insurer’s net income, at $1.3 billion, increased from... read more
by Carrie Haubensak | May 11, 2023 | Insurance Industry, news
Following record-high sales in 2022, total first quarter annuity sales were $92.9 billion, a 47% increase from the prior year. This represents the highest quarterly sales ever recorded, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales... read more
by Carrie Haubensak | May 8, 2023 | Insurance Industry, Medicare, Medicare Supplement
Founded in 2007, CSG Actuarial is the leader in providing Medicare Supplement quoting and enrollment solutions to the marketplace. CSG Actuarial’s quoting provides information for all carriers in the market. We have used that information to compile the chart below... read more
