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Maine.gov > PFR Home > Insurance Regulation > HMO > Financial Information > Financial Statement - 2005 Annual Report

 

2005 STATEMENT OF REVENUE AND EXPENSES - 004 52618 - Anthem Health Plans of ME Inc

  Line Uncovered Current Year Total Current Year Total Prior Year
01 Member months   3,946,658 3,616,119
02 Net premium income (including $0 non-health premium income)   1,034,419,011 918,695,139
03 Change in unearned premium reserves and reserve for rate credits   -30,972,913 -16,750,252
04 Fee-for-service (net of $0 medical expenses)   0 0
05 Risk revenue   0 0
06 Aggregate write-ins for other health care related revenues   0 0
07 Aggregate write-ins for other non-health revenues   0 0
08 Total revenues   1,003,446,098 901,944,887
09 Hospital/medical benefits (hospital and medical) 0 685,392,060 603,188,359
10 Other professional services (hospital and medical) 0 5,704,068 23,326,527
11 Outside referrals (hospital and medical) 0 1,021,027 496,134
12 Emergency room and out-of-area (hospital and medical) 0 27,758,735 22,449,271
13 Prescription drugs (hospital and medical) 0 139,271,813 122,392,525
14 Aggregate write-ins for other hospital and medical (hospital and medical) 0 1,721,833 0
15 Incentive pool, withhold adjustments and bonus amounts (hospital and medical) 0 0 0
16 Subtotal (hospital and medical) 0 860,869,536 771,852,816
17 Net reinsurance recoveries (less) 0 -1,857,577 14,748,041
18 Total hospital and medical (less) 0 862,727,113 757,104,775
19 Non-health claims (net) (less) 0 0 0
20 Claims adjustment expenses, including $15631291 cost containment expenses (less) 0 44,064,379 45,053,247
21 General administrative expenses (less) 0 57,242,459 54,291,434
22 Increase in reserves for life and accident and health contracts (including $0 increase in reserves for life only) (less) 0 0 -322,189
23 Total underwriting deductions 0 964,033,951 856,127,267
24 Net underwriting gain or (loss)   39,412,147 45,817,620
25 Net investment income earned 0 16,192,384 11,808,454
26 Net realized capital gains or (losses) less capital gains tax of $-169639 0 -315,044 2,360,409
27 Net investment gains or (losses) 0 15,877,340 14,168,863
28 Net gain or (loss) from agents' or premium balances charged off [(amount recovered $0 (amount charged off $0] 0 0 0
29 Aggregate write-ins for other income or expenses 0 97,767 32,624
30 Net income or (loss), after capital gains tax and before all other federal income taxes   55,387,254 60,019,107
31 Federal and foreign income taxes incurred   19,744,915 20,001,998
32 Net income (loss)   35,642,339 40,017,109
  Details of Write-Ins      
0699     0 0
0799     0 0
1401 Other hospital / medical costs 0 1,721,833 0
1499   0 1,721,833 0
2901 Miscellaneous Income 0 97,767 32,624
2999   0 97,767 32,624

 

2005 STATEMENT OF REVENUE AND EXPENSES (Continued) - 005
52618 - Anthem Health Plans of ME Inc
  Line Current Year Prior Year
33 Capital and surplus prior reporting year 177,186,888 136,264,139
34 Net income or (loss) from Line 32 35,642,339 40,017,109
35 Change in valuation basis of aggregate policy and claim reserves 0 0
36 Change in net unrealized capital gains (losses) less capital gains tax of $0 -119,475 -14,627,830
37 Change in net unrealized foreign exchange capital gain or (loss) 0 0
38 Change in net deferred income tax 3,239,081 423,551
39 Change in nonadmitted assets -1,188,040 15,109,919
40 Change in unauthorized reinsurance 0 0
41 Change in treasury stock 0 0
42 Change in surplus notes 0 0
43 Cumulative effect of changes in accounting principles 0 0
44.1 Paid in (capital changes) 0 0
44.2 Transferred from surplus (stock dividend) (capital changes) 0 0
44.3 Transferred to surplus (capital changes) 0 0
45.1 Paid in (surplus adjustments) 0 0
45.2 Transferred to capital (stock dividend) (surplus adjustments) 0 0
45.3 Transferred from capital (surplus adjustments) 0 0
46 Dividends to stockholders 0 0
47 Aggregate write-ins for gains or (losses) in surplus 0 0
48 Net change in capital and surplus 37,573,905 40,922,749
49 Capital and surplus end of reporting year 214,760,793 177,186,888
  Details of Write-Ins      
4799   0 0

 

Last Updated: November 18, 2009

July 6, 2007