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Maine.gov > PFR Home > Insurance Regulation > HMO > Financial Information > Financial Statement - 2005 Quarter 1

 

2005 STATEMENT OF REVENUE AND EXPENSES - 004 96911 - Harvard Pilgrim Health Care Inc Quarter 1
  Line Uncovered Current Year to Date Total Current Year to Date Total Prior Year to Date
01 Member months   1,511,382 1,769,654
02 Net premium income (including $0 non-health premium income)   509,908,571 535,318,270
03 Change in unearned premium reserves and reserve for rate credits   0 0
04 Fee-for-service (net of $0 medical expenses)   406,418 359,673
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   510,314,989 535,677,943
09 Hospital/medical benefits (hospital and medical) 0 354,366,865 367,167,968
10 Other professional services (hospital and medical) 0 11,263,346 12,682,843
11 Outside referrals (hospital and medical) 0 4,850,655 5,670,356
12 Emergency room and out-of-area (hospital and medical) 0 5,159,160 5,356,149
13 Prescription drugs (hospital and medical) 0 48,863,827 52,575,045
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 26,705,146 32,297,296
16 Subtotal (hospital and medical) 0 451,208,999 475,749,657
17 Net reinsurance recoveries (less) 0 1,224,014 623,368
18 Total hospital and medical (less) 0 449,984,985 475,126,289
19 Non-health claims (net) (less) 0 0 0
20 Claims adjustment expenses, including $11304379 cost containment expenses (less) 0 24,436,719 28,267,066
21 General administrative expenses (less) 0 31,193,495 31,754,335
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 0 505,615,199 535,147,690
24 Net underwriting gain or (loss)   4,699,790 530,253
25 Net investment income earned 0 4,462,164 3,043,712
26 Net realized capital gains (losses) less capital gains tax of $0 0 -13,453 1,667,454
27 Net investment gains or (losses) 0 4,448,711 4,711,166
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 -692,008 -386,108
30 Net income or (loss) after capital gains tax and before all other federal income taxes   8,456,493 4,855,311
31 Federal and foreign income taxes incurred   0 0
32 Net income (loss)   8,456,493 4,855,311
  Details of Write-Ins      
0699     0 0
0799     0 0
1401 Other Risk Sharing Payments 0 0 0
1402 Occupancy, Depreciation and Amortization 0 0 0
1499   0 0 0
2901 Miscellaneous & Other Income 0 -692,008 -386,108
2999   0 -692,008 -386,108

 

2005 STATEMENT OF REVENUE AND EXPENSES (Continued) - 005
96911 - Harvard Pilgrim Health Care Inc
Quarter 1
  Line Current Year to Date Prior Year to Date Prior Year
33 Capital and surplus prior reporting year 243,370,906 210,564,272 210,564,272
34 Net income or (loss) from Line 32 8,456,493 4,855,311 34,193,483
35 Change in valuation basis of aggregate policy and claim reserves 0 0 0
36 Change in net unrealized capital gains (losses) less capital gains tax of $0 1,082,492 390,052 1,262,943
37 Change in net unrealized foreign exchange capital gain or (loss) 0 0 0
38 Change in net deferred income tax 0 0 0
39 Change in nonadmitted assets -4,597,086 -2,972,874 3,991,443
40 Change in unauthorized reinsurance 0 0 0
41 Change in treasury stock 0 0 0
42 Change in surplus notes 15,421 15,238 -1,686,343
43 Cumulative effect of changes in accounting principles 0 0 0
44.1 Paid in (capital changes) 0 0 0
44.2 Transferred from surplus (stock dividend) (capital changes) 0 0 0
44.3 Transferred to surplus (capital changes) 0 0 0
45.1 Paid in (surplus adjustments) 0 0 0
45.2 Transferred to capital (stock dividend) (surplus adjustments) 0 0 0
45.3 Transferred from capital (surplus adjustments) 0 0 0
46 Dividends to stockholders 0 0 0
47 Aggregate write-ins for gains or (losses) in surplus 21,276 21,276 -4,954,892
48 Net change in capital and surplus 4,978,596 2,309,003 32,806,634
49 Capital and surplus end of reporting period 248,349,502 212,873,275 243,370,906
  Details of Write-Ins      
4701 Changes in Long-term Debt - Other Surplus Notes 21,276 21,276 -4,954,892
4799   21,276 21,276 -4,954,892

 

Last Updated: August 22, 2012