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2013 STATEMENT OF REVENUE AND EXPENSES - 004
12151 - Arcadian Hlth Plan Inc

OLTPPROD Copyright 2014 National Association of Insurance Commissioners. All rights reserved. 03/03/2014
Line
Uncovered Current Year
Total Current Year
Total Prior Year
01 Member months   307,755 510,986
02 Net premium income (including $0 non-health premium income)   227,531,489 399,766,688
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   227,531,489 399,766,688
09 Hospital/medical benefits (hospital and medical) 25,284,300 182,297,463 248,644,975
10 Other professional services (hospital and medical) 0 -260,271 23,864,453
11 Outside referrals (hospital and medical) 0 0 9,955,668
12 Emergency room and out-of-area (hospital and medical) 680,114 7,945,804 20,266,038
13 Prescription drugs (hospital and medical) 0 17,620,625 28,590,214
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 0 312,418
16 Subtotal (hospital and medical) 25,964,414 207,603,621 331,633,766
17 Net reinsurance recoveries (less) 0 0 570,467
18 Total hospital and medical (less) 25,964,414 207,603,621 331,063,299
19 Non-health claims (net) (less) 0 0 0
20 Claims adjustment expenses, including $9618394 cost containment expenses (less) 0 11,207,665 4,888,317
21 General administrative expenses (less) 0 23,157,595 66,824,351
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 25,964,414 241,968,881 402,775,967
24 Net underwriting gain or (loss)   -14,437,392 -3,009,279
25 Net investment income earned 0 1,932,991 1,426,035
26 Net realized capital gains or (losses) less capital gains tax of $-88725 0 -164,732 168,385
27 Net investment gains or (losses) 0 1,768,259 1,594,420
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 0 117,345 89,611
30 Net income or (loss), after capital gains tax and before all other federal income taxes   -12,551,788 -1,325,248
31 Federal and foreign income taxes incurred   -7,653,161 2,484,553
32 Net income (loss)   -4,898,627 -3,809,801
Details of Write-Ins
0699     0 0
0799     0 0
1499   0 0 0
2901 MISCELLANEOUS INCOME 0 117,345 89,611
2999   0 117,345 89,611

 

2013 STATEMENT OF REVENUE AND EXPENSES (Continued) - 005
12151 - Arcadian Hlth Plan Inc

OLTPPROD Copyright 2014 National Association of Insurance Commissioners. All rights reserved. 03/03/2014
Line
Current Year
Prior Year
33 Capital and surplus prior reporting year 72,074,638 38,457,653
34 Net income or (loss) from Line 32 -4,898,627 -3,809,801
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 $-327125 554,180 758,136
37 Change in net unrealized foreign exchange capital gain or (loss) 0 0
38 Change in net deferred income tax -4,093,585 2,899,111
39 Change in nonadmitted assets 6,698,212 374,532
40 Change in unauthorized and certified reinsurance 0 0
41 Change in treasury stock 0 0
42 Change in surplus notes 0 0
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 34,000,000
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 -604,993
48 Net change in capital and surplus -1,739,820 33,616,985
49 Capital and surplus end of reporting year 70,334,818 72,074,638
Details of Write-Ins
4701 PRIOR PERIOD ADJUSTMENTS 0 809,516
4702 PRIOR PERIOD TAX CORRECTION 0 -1,414,509
4799   0 -604,993

 

 

Last Updated: March 3, 2014