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Maine.gov > PFR Home > Insurance Regulation > HMO > Financial Information > Financial Statement - 2006 Quarter 1

 

2006 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   1,423,282 1,511,382
02 Net premium income (including $0 non-health premium income)   535,792,372 509,908,571
03 Change in unearned premium reserves and reserve for rate credits   0 0
04 Fee-for-service (net of $0 medical expenses)   510,634 406,418
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   536,303,006 510,314,989
09 Hospital/medical benefits (hospital and medical) 0 389,696,822 354,366,865
10 Other professional services (hospital and medical) 0 8,298,356 11,263,346
11 Outside referrals (hospital and medical) 0 4,656,176 4,850,655
12 Emergency room and out-of-area (hospital and medical) 0 5,584,352 5,159,160
13 Prescription drugs (hospital and medical) 0 53,483,386 48,863,827
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 11,750,678 26,705,146
16 Subtotal (hospital and medical) 0 473,469,770 451,208,999
17 Net reinsurance recoveries (less) 0 573,135 1,224,014
18 Total hospital and medical (less) 0 472,896,635 449,984,985
19 Non-health claims (net) (less) 0 0 0
20 Claims adjustment expenses, including $11778398 cost containment expenses (less) 0 26,881,714 24,436,719
21 General administrative expenses (less) 0 30,880,308 31,193,495
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 0 530,658,657 505,615,199
24 Net underwriting gain or (loss)   5,644,349 4,699,790
25 Net investment income earned 0 6,455,932 4,462,164
26 Net realized capital gains (losses) less capital gains tax of $0 0 -483,474 -13,453
27 Net investment gains or (losses) 0 5,972,458 4,448,711
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 0 967,177 -692,008
30 Net income or (loss) after capital gains tax and before all other federal income taxes   12,583,984 8,456,493
31 Federal and foreign income taxes incurred   0 0
32 Net income (loss)   12,583,984 8,456,493
  Details of Write-Ins      
0699     0 0
0799     0 0
1499   0 0 0
2901 Miscellaneous & Other Income 0 967,177 -692,008
2999   0 967,177 -692,008

2006 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 289,920,118 243,370,906 243,370,906
34 Net income or (loss) from Line 32 12,583,984 8,456,493 64,983,595
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 $0 706,999 1,082,492 1,638,765
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 -3,076,782 -4,597,086 -5,236,522
40 Change in unauthorized reinsurance 0 0 0
41 Change in treasury stock 0 0 0
42 Change in surplus notes 0 15,421 -9,676,730
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 -5,159,896
48 Net change in capital and surplus 10,235,477 4,978,596 46,549,212
49 Capital and surplus end of reporting period 300,155,595 248,349,502 289,920,118
  Details of Write-Ins      
4701 Changes in Long-term Debt - Other Surplus Notes 21,276 21,276 -5,159,896
4799   21,276 21,276 -5,159,896

 

Last Updated: August 22, 2012