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...
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...
by Carrie Haubensak | May 8, 2023 | Insurance Industry, Medicare, Medicare Supplement
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 1st quarter 2032 Medicare Supplement sales of $7.8 million, 20% higher than sales in 1st quarter 2022. For the past 12 months CNO Financial Group...
by Carrie Haubensak | May 4, 2023 | Insurance Industry, Medicare, Medicare Advantage, news
According to recently released data from the Centers for Medicare & Medicaid Services (CMS), Medicare Advantage now provides Medicare coverage for just over half of eligible beneficiaries. In January 2023, 30.19 million of the 59.82 million people with both...
by Carrie Haubensak | May 3, 2023 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 1st quarter 2023, CVS Health reported Medicare Supplement member in-force counts of 1,344,000, an increase of 52,000 over the past 12 months, but a decrease of 19,000 in the past quarter. The 52,000 increase in membership in the past 12 months is down almost 65%...
