CSG Actuarial has compiled information from the NAIC and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2017 totaled $31.0 billion, a 6.6% increase over 2016.

A few other notes of interest:

The total Medicare Supplement lives covered in 2017 increased to 13.6 million, up 3.5% from 2016.

The top 12 carriers in terms of 2017 Medicare Supplement premiums were:

  1. UnitedHealthcare
  2. Mutual of Omaha
  3. Anthem
  4. HCSC
  5. Aetna
  6. CNO Financial
  7. Cigna
  8. BCBS of Michigan
  9. BCBS of Massachusetts
  10. Humana
  11. Wellmark
  12. BCBS of Florida

Overall premiums in the market have grown from $22.1 billion in 2011 to $31.0 billion in 2017, an average annual increase of 5.8% per year over that time period.  The average growth rate over that time period for the market leaders listed above is shown in the graph below:

Med Supp Premium 2011-2017

Look for more information this summer when CSG Actuarial releases its 8th Annual Future of Medicare Supplement Market Projection.