by Carrie Haubensak | May 14, 2024 | Insurance Industry, Medicare Supplement
CNO Financial Group (parent company of Bankers Life & Casualty, Washington National, and Colonial Penn) reported 1st quarter 2024 Medicare Supplement sales of $9.7 million, 24% higher than sales in 1st quarter 2023. For the past 12 months CNO Financial Group...
by Carrie Haubensak | May 14, 2024 | Insurance Industry, Medicare Supplement
As reported by CSG Actuarial in April, the 2023 Medicare Supplement overall market loss ratio spiked to 83.8%, as premium levels struggled to keep up with increases in post-Covid claim utilization rates. Within the overall 2023 Medicare Supplement loss ratio of 83.8%,...
by Carrie Haubensak | May 9, 2024 | Insurance Industry, Medicare Supplement
One of the most important leading indicators that Medicare Supplement carriers need to be tracking is their mix of business. It’s a great predictor of the overall health of your block of business and can provide insight into where the future loss ratios will land....
by Carrie Haubensak | May 6, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
Cigna reported 1st quarter 2024 Medicare Supplement lives of 466,000, down 0.9% from the result at 4th quarter 2023 and down 0.2% compared to 1st quarter 2023. The table below shows Humana’s Medicare Supplement enrollment counts by quarter since 1st quarter 2022. ...
by Carrie Haubensak | May 6, 2024 | Insurance Industry, Medicare, Medicare Supplement
CSG Actuarial compiled information from the NAIC* and other sources and reported in April that total Medicare Supplement lives covered in 2023 decreased slightly to 14.1 million and seven of the top ten Medicare Supplement carriers reported a decrease in in-force...
by Carrie Haubensak | May 2, 2024 | Insurance Industry, Medicare, Medicare Advantage, Medicare Supplement
For 1st quarter 2024, CVS Health reported Medicare Supplement member in-force counts of 1,300,000, a decrease of 43,000 in the past quarter and 44,000 over the past 12 months. The 44,000 decrease in membership in the past 12 months is a 3.3% decrease relative to the...
