Medicare Supplement 1st Quarter 2014 Sales
By Doug Feekin on May 9, 2014 No comments
Two weeks ago CSG Actuarial reported the 1st quarter 2014 Medicare Supplement enrollment results for market leader United Healthcare, which increased 170,000 over 4th quarter 2013. We now have updates from other market leaders, summarized below.
Aetna Continues Strong Medicare Supplement Growth
Aetna continues to report very strong growth in the Medicare Supplement market. In 1st quarter 2014, Aetna's reported Medicare Supplement member in-force counts of 417,000, up 31,000 from 4th quarter 2013 and 104,000 over the past 12 months. Aetna's Medicare Supplement member counts have increased by over 150% since Aetna acquired Genworth's Medicare Supplement block during 4th quarter 2011. Aetna's Medicare Supplement sales in the past year rank 2nd in the market behind United Healthcare.
Humana Medicare Supplement Lives and Premiums Increase Again
Humana reported 1st quarter 2014 Medicare Supplement lives of 118,400, a 25% increase over 4th quarter 2013 and 35% increase over 1st quarter 2013. Humana also reported 1st quarter 2014 Medicare Supplement premium of $57 million, up 33% from 1st quarter 2013. Humana's Medicare Supplement sales have increased to rank in the top 8 in the market.
Torchmark Reports Medicare Supplement Sales for 1st Quarter 2014
Torchmark reported 1st quarter 2014 Medicare Supplement annualized new sales over $16 million, more than double the reported results for 1st quarter 2013. Torchmark's annualized new business sales over the past four quarters exceeds $52 million, moving up to rank in the top 10 in the overall Medicare Supplement market.
CNO Financial Group Medicare Supplement Sales Hold Steady
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 1st quarter 2014 Medicare Supplement sales of $19.0 million, down $0.1 million from 1st quarter 2013. CNO Financial Group also reported total 1st quarter 2014 Medicare Supplement earned premiums of $218 million, a $3 million increase over 1st quarter 2013. CNO Financial Group's Medicare Supplement annualized new sales are in the top 7 in the Medicare Supplement market.
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Medicare Supplement 1st Quarter 2014 Sales
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