2008 STATEMENT OF REVENUE AND EXPENSES - 004
95447 - Cigna
Healthcare of ME Inc
Quarter 2 |
|
Line |
Uncovered Current Year to Date |
Total Current Year to Date |
Total Prior Year to Date |
Total Prior Year Ended December 31 |
| 01 |
Member months |
|
85,260 |
55,037 |
92,725 |
| 02 |
Net premium income (including $0 non-health premium income) |
|
7,392,907 |
17,997,107 |
30,255,117 |
| 03 |
Change in unearned premium reserves and reserve for rate credits |
|
0 |
0 |
0 |
| 04 |
Fee-for-service (net of $0 medical expenses) |
|
0 |
0 |
0 |
| 05 |
Risk revenue |
|
0 |
0 |
0 |
| 06 |
Aggregate write-ins for other health care related revenues |
|
0 |
0 |
0 |
| 07 |
Aggregate write-ins for other non-health revenues |
|
0 |
0 |
0 |
| 08 |
Total revenues |
|
7,392,907 |
17,997,107 |
30,255,117 |
| 09 |
Hospital/medical benefits (hospital and medical) |
0 |
3,474,619 |
11,413,148 |
17,762,273 |
| 10 |
Other professional services (hospital and medical) |
0 |
395,523 |
1,049,934 |
1,805,834 |
| 11 |
Outside referrals (hospital and medical) |
-686 |
18,960 |
297,150 |
271,316 |
| 12 |
Emergency room and out-of-area (hospital and medical) |
19,156 |
266,448 |
838,139 |
1,294,927 |
| 13 |
Prescription drugs (hospital and medical) |
0 |
812,412 |
2,267,254 |
3,849,634 |
| 14 |
Aggregate write-ins for other hospital and medical (hospital and medical) |
0 |
0 |
0 |
0 |
| 15 |
Incentive pool, withhold adjustments and bonus amounts (hospital and medical) |
0 |
-32,673 |
100,000 |
258,864 |
| 16 |
Subtotal (hospital and medical) |
18,470 |
4,935,289 |
15,965,625 |
25,242,848 |
| 17 |
Net reinsurance recoveries (less) |
0 |
0 |
124,108 |
126,745 |
| 18 |
Total hospital and medical (less) |
18,470 |
4,935,289 |
15,841,517 |
25,116,103 |
| 19 |
Non-health claims (net) (less) |
0 |
0 |
0 |
0 |
| 20 |
Claims adjustment expenses, including $48630 cost containment expenses (less) |
0 |
141,075 |
485,447 |
903,659 |
| 21 |
General administrative expenses (less) |
0 |
1,024,149 |
1,719,467 |
3,350,723 |
| 22 |
Increase in reserves for life and accident and
health contracts (including $0 increase in reserves for life only) (less) |
0 |
0 |
-815,000 |
-815,000 |
| 23 |
Total underwriting deductions |
18,470 |
6,100,513 |
17,231,431 |
28,555,485 |
| 24 |
Net underwriting gain or (loss) |
|
1,292,394 |
765,676 |
1,699,632 |
| 25 |
Net investment income earned |
0 |
314,329 |
365,421 |
721,079 |
| 26 |
Net realized capital gains (losses) less capital gains tax of $32970 |
0 |
47,838 |
34,016 |
34,013 |
| 27 |
Net investment gains or (losses) |
0 |
362,167 |
399,437 |
755,092 |
| 28 |
Net gain or (loss) from agents' or premium balances
charged off [(amount recovered $0 (amount charged off $0] |
0 |
0 |
0 |
0 |
| 29 |
Aggregate write-ins for other income or expenses |
0 |
0 |
0 |
2,217 |
| 30 |
Net income or (loss) after capital gains tax and
before all other federal income taxes |
|
1,654,561 |
1,165,113 |
2,456,941 |
| 31 |
Federal and foreign income taxes incurred |
|
321,664 |
10,734 |
323,889 |
| 32 |
Net income (loss) |
|
1,332,897 |
1,154,379 |
2,133,052 |
|
Details of Write-Ins |
| 0601 |
|
|
0 |
0 |
0 |
| 0699 |
|
|
0 |
0 |
0 |
| 0799 |
|
|
0 |
0 |
0 |
| 1401 |
OTHER MEDICAL EXPENSES |
0 |
0 |
0 |
0 |
| 1499 |
|
0 |
0 |
0 |
0 |
| 2901 |
OTHER INCOME |
0 |
0 |
0 |
2,217 |
| 2999 |
|
0 |
0 |
0 |
2,217 | |
2008 STATEMENT OF REVENUE AND EXPENSES (Continued) - 005
95447 -
Cigna Healthcare of ME Inc
Quarter 2 |
|
Line |
Current Year to Date |
Prior Year to Date |
Prior Year Ended December 31 |
| 33 |
Capital and surplus prior reporting year |
10,296,951 |
7,995,086 |
7,995,086 |
| 34 |
Net income or (loss) from Line 32 |
1,332,897 |
1,156,596 |
2,133,052 |
| 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 |
0 |
0 |
0 |
| 37 |
Change in net unrealized foreign exchange capital gain or (loss) |
0 |
0 |
0 |
| 38 |
Change in net deferred income tax |
-48,276 |
-349,123 |
-487,267 |
| 39 |
Change in nonadmitted assets |
146,957 |
366,491 |
736,915 |
| 40 |
Change in unauthorized reinsurance |
0 |
0 |
0 |
| 41 |
Change in treasury stock |
0 |
0 |
0 |
| 42 |
Change in surplus notes |
0 |
0 |
0 |
| 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 |
-4,500,000 |
0 |
0 |
| 47 |
Aggregate write-ins for gains or (losses) in surplus |
0 |
0 |
-80,834 |
| 48 |
Net change in capital and surplus |
-3,068,422 |
1,173,964 |
2,301,866 |
| 49 |
Capital and surplus end of reporting period |
7,228,529 |
9,169,050 |
10,296,952 |
|
Details of Write-Ins |
| 4701 |
PRIOR YEAR STATE DEFERRED TAX ADJUSTMENT |
0 |
0 |
-80,834 |
| 4799 |
|
0 |
0 |
-80,834 |
|
Last Updated:
November 18, 2009
|
