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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 95447 - Cigna Healthcare of ME Inc

  Line Uncovered Current Year Total Current Year Total Prior Year
01 Member months   212,698 298,861
02 Net premium income (including $0 non-health premium income)   64,283,954 86,922,467
03 Change in unearned premium reserves and reserve for rate credits   0 0
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   64,283,954 86,922,467
09 Hospital/medical benefits (hospital and medical) 1,633,135 36,686,322 44,820,105
10 Other professional services (hospital and medical) 144,270 3,240,834 3,458,491
11 Outside referrals (hospital and medical) 2,216,346 2,216,346 3,419,728
12 Emergency room and out-of-area (hospital and medical) 111,398 2,802,367 3,109,342
13 Prescription drugs (hospital and medical) 0 7,443,389 9,437,283
14 Aggregate write-ins for other hospital and medical (hospital and medical) 0 0 0
15 Incentive pool, withhold adjustments and bonus amounts (hospital and medical) 0 391,593 274,705
16 Subtotal (hospital and medical) 4,105,149 52,780,851 64,519,654
17 Net reinsurance recoveries (less) 0 491,015 14,509
18 Total hospital and medical (less) 4,105,149 52,289,836 64,505,145
19 Non-health claims (net) (less) 0 0 0
20 Claims adjustment expenses, including $939031 cost containment expenses (less) 0 2,030,711 3,356,632
21 General administrative expenses (less) 0 3,377,197 5,359,656
22 Increase in reserves for life and accident and health contracts (including $0 increase in reserves for life only) (less) 0 0 0
23 Total underwriting deductions 4,105,149 57,697,744 73,221,433
24 Net underwriting gain or (loss)   6,586,210 13,701,034
25 Net investment income earned 0 1,441,229 1,720,572
26 Net realized capital gains or (losses) less capital gains tax of $136080 0 252,720 -169,399
27 Net investment gains or (losses) 0 1,693,949 1,551,173
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 0 2,283
30 Net income or (loss), after capital gains tax and before all other federal income taxes   8,280,159 15,254,490
31 Federal and foreign income taxes incurred   2,013,553 4,547,526
32 Net income (loss)   6,266,606 10,706,964
  Details of Write-Ins      
0601     0 0
0699     0 0
0799     0 0
1499   0 0 0
2901 OTHER INCOME 0 0 2,283
2999   0 0 2,283

 

2005 STATEMENT OF REVENUE AND EXPENSES (Continued) - 005
95447 - Cigna Healthcare of ME Inc
  Line Current Year Prior Year
33 Capital and surplus prior reporting year 23,705,519 23,004,209
34 Net income or (loss) from Line 32 6,266,606 10,706,964
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 0 0
37 Change in net unrealized foreign exchange capital gain or (loss) 0 0
38 Change in net deferred income tax -335,821 -216,784
39 Change in nonadmitted assets 117,750 211,130
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 -18,700,000 -10,000,000
47 Aggregate write-ins for gains or (losses) in surplus 25,000 0
48 Net change in capital and surplus -12,626,465 701,310
49 Capital and surplus end of reporting year 11,079,054 23,705,519
  Details of Write-Ins      
4701 PIP 25,000 0
4799   25,000 0

 

Last Updated: February 12, 2009