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
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
https://www.csgactuarial.com/2018/05/medicare-supplement-market-premium-grows-6-6-to-31-0-billion-2/?utm_term=Read%20the%20full%20update%20here%20%2526gt%3B%2526gt%3B%2526gt%3B&utm_campaign=Update%3A%20Medicare%20Supplement%20Market%20Premium%20Grows%206.6%2525%20to%20%2431.0%20Billion&utm_content=email&utm_source=Act-On+Software&utm_medium=email
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