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2010 STATEMENT OF REVENUE AND EXPENSES - 004
96911 - Harvard Pilgrim Hlth Care Inc

Line Uncovered Current Year Total Current Year Total Prior Year
01 Member months   5,050,247 4,659,480
02 Net premium income (including $0 non-health premium income)   2,301,976,475 2,077,766,966
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   2,301,976,475 2,077,766,966
09 Hospital/medical benefits (hospital and medical) 0 1,573,096,165 1,444,386,446
10 Other professional services (hospital and medical) 0 104,032,906 86,791,429
11 Outside referrals (hospital and medical) 0 35,340,596 30,323,449
12 Emergency room and out-of-area (hospital and medical) 0 45,717,395 42,884,062
13 Prescription drugs (hospital and medical) 0 250,807,012 237,029,496
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 32,926,548 20,080,661
16 Subtotal (hospital and medical) 0 2,041,920,622 1,861,495,543
17 Net reinsurance recoveries (less) 0 857,572 436,814
18 Total hospital and medical (less) 0 2,041,063,050 1,861,058,729
19 Non-health claims (net) (less) 0 0 0
20 Claims adjustment expenses, including $16990986 cost containment expenses (less) 0 43,889,897 99,015,797
21 General administrative expenses (less) 0 178,336,867 104,766,306
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 2,263,289,814 2,064,840,832
24 Net underwriting gain or (loss)   38,686,661 12,926,134
25 Net investment income earned 0 19,685,837 20,390,383
26 Net realized capital gains or (losses) less capital gains tax of $0 0 -7,548,543 -2,848,760
27 Net investment gains or (losses) 0 12,137,294 17,541,623
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 -6,575,825 -6,503,402
30 Net income or (loss), after capital gains tax and before all other federal income taxes   44,248,130 23,964,355
31 Federal and foreign income taxes incurred   0 0
32 Net income (loss)   44,248,130 23,964,355
Details of Write-Ins
0601     0 0
0602     0 0
0603     0 0
0699     0 0
0701     0 0
0702     0 0
0703     0 0
0799     0 0
1401   0 0 0
1402   0 0 0
1403   0 0 0
1499   0 0 0
2901 Miscellaneous & Other Income/(Expense) 0 -6,575,825 -6,503,402
2902   0 0 0
2903   0 0 0
2904   0 0 0
2999   0 -6,575,825 -6,503,402

 

2010 STATEMENT OF REVENUE AND EXPENSES (Continued) - 005
96911 - Harvard Pilgrim Hlth Care Inc

Line Current Year Prior Year
33 Capital and surplus prior reporting year 381,955,672 386,732,784
34 Net income or (loss) from Line 32 44,248,130 23,964,355
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 34,808,925 23,500,158
37 Change in net unrealized foreign exchange capital gain or (loss) 0 0
38 Change in net deferred income tax 0 0
39 Change in nonadmitted assets -38,573,500 -27,526,729
40 Change in unauthorized reinsurance 0 0
41 Change in treasury stock 0 0
42 Change in surplus notes -9,714,896 -9,714,896
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 0 0
47 Aggregate write-ins for gains or (losses) in surplus 0 -15,000,000
48 Net change in capital and surplus 30,768,659 -4,777,112
49 Capital and surplus end of reporting year 412,724,331 381,955,672
Details of Write-Ins
4701 Contribution to Harvard Pilgrim Health Care of New England, Inc. 0 -15,000,000
4799   0 -15,000,000

 

Last Updated: September 27, 2010