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Maine.gov > PFR Home > Insurance Regulation > HMO > Financial Information > Financial Statement - 2006 Quarter 3

 

2006 STATEMENT OF REVENUE AND EXPENSES - 004 96911 - Harvard Pilgrim Health Care Inc Quarter 3

  Line Uncovered Current Year to Date Total Current Year to Date Total Prior Year to Date
01 Member months   4,262,541 4,359,195
02 Net premium income (including $0 non-health premium income)   1,640,653,891 1,519,446,147
03 Change in unearned premium reserves and reserve for rate credits   0 0
04 Fee-for-service (net of $0 medical expenses)   1,364,692 1,247,389
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   1,642,018,583 1,520,693,536
09 Hospital/medical benefits (hospital and medical) 0 1,141,892,467 1,032,830,851
10 Other professional services (hospital and medical) 0 25,142,844 28,608,932
11 Outside referrals (hospital and medical) 0 29,135,667 28,766,382
12 Emergency room and out-of-area (hospital and medical) 0 27,369,073 24,389,479
13 Prescription drugs (hospital and medical) 0 169,737,186 141,561,327
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 23,493,446 55,073,712
16 Subtotal (hospital and medical) 0 1,416,770,683 1,311,230,683
17 Net reinsurance recoveries (less) 0 1,090,017 3,403,040
18 Total hospital and medical (less) 0 1,415,680,666 1,307,827,643
19 Non-health claims (net) (less) 0 0 0
20 Claims adjustment expenses, including $24576658 cost containment expenses (less) 0 79,980,629 76,684,447
21 General administrative expenses (less) 0 117,977,333 104,533,164
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 1,613,638,628 1,489,045,254
24 Net underwriting gain or (loss)   28,379,955 31,648,282
25 Net investment income earned 0 20,135,254 14,610,270
26 Net realized capital gains (losses) less capital gains tax of $0 0 -1,884,744 -48,534
27 Net investment gains or (losses) 0 18,250,510 14,561,736
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 0 326,733 -111,913
30 Net income or (loss) after capital gains tax and before all other federal income taxes   46,957,198 46,098,105
31 Federal and foreign income taxes incurred   0 0
32 Net income (loss)   46,957,198 46,098,105
  Details of Write-Ins      
0699     0 0
0799     0 0
1499   0 0 0
2901 Miscellaneous & Other Income 0 326,733 -111,913
2999   0 326,733 -111,913

 

2006 STATEMENT OF REVENUE AND EXPENSES (Continued) - 005
96911 - Harvard Pilgrim Health Care Inc
Quarter 3
  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 46,957,198 46,098,105 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 55,155 2,385,184 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 -3,924,463 -4,095,472 -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 -9,676,730 -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 -20,367,303 -5,181,172 -5,159,896
48 Net change in capital and surplus 22,720,587 29,529,915 46,549,212
49 Capital and surplus end of reporting period 312,640,705 272,900,821 289,920,118
  Details of Write-Ins      
4701 Net Long-term Debt Payment - Other Surplus Notes -11,111,035 -5,181,172 -5,159,896
4702 Other -9,256,268 0 0
4799   -20,367,303 -5,181,172 -5,159,896

> Return to Financial Statement - 2006 Quarter 3

Last Updated: August 22, 2012