CSG Actuarial has compiled information from the NAIC* and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2020 totaled $35.1 billion, a 3.2% increase over 2019.
A few other notes of interest:
The total Medicare Supplement lives covered in 2020 increased to 14.53 million, up 0.4% from 2019.
The top 12 carriers in terms of 2020 Medicare Supplement premiums were:
1 United Healthcare
2 Mutual of Omaha
4 CVS Health
7 CNO Financial
9 BCBS of Massachusetts
10 BS of California
12 BCBS of Minnesota
The 2020 overall Medicare Supplement market loss ratio of 72.4% was significantly lower than historical trends due to decreased utilization for non-Covid medical care.