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2013 STATEMENT OF REVENUE AND EXPENSES - 004
12545 - Martins Point Generations LLC

OLTPPROD Copyright 2014 National Association of Insurance Commissioners. All rights reserved. 03/04/2014
Line
Uncovered Current Year
Total Current Year
Total Prior Year
01 Member months   279,620 199,950
02 Net premium income (including $0 non-health premium income)   170,967,988 132,098,338
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   170,967,988 132,098,338
09 Hospital/medical benefits (hospital and medical) 0 136,201,357 105,088,640
10 Other professional services (hospital and medical) 0 0 0
11 Outside referrals (hospital and medical) 0 0 0
12 Emergency room and out-of-area (hospital and medical) 0 0 0
13 Prescription drugs (hospital and medical) 0 24,502,603 16,757,112
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 1,178,300 546,293
16 Subtotal (hospital and medical) 0 161,882,260 122,392,045
17 Net reinsurance recoveries (less) 0 0 0
18 Total hospital and medical (less) 0 161,882,260 122,392,045
19 Non-health claims (net) (less) 0 0 0
20 Claims adjustment expenses, including $1498986 cost containment expenses (less) 0 3,259,324 2,644,702
21 General administrative expenses (less) 0 16,583,486 14,305,703
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 0 181,725,070 139,342,450
24 Net underwriting gain or (loss)   -10,757,082 -7,244,112
25 Net investment income earned 0 27,575 18,164
26 Net realized capital gains or (losses) less capital gains tax of $0 0 0 0
27 Net investment gains or (losses) 0 27,575 18,164
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 0 0
30 Net income or (loss), after capital gains tax and before all other federal income taxes   -10,729,507 -7,225,948
31 Federal and foreign income taxes incurred   0 0
32 Net income (loss)   -10,729,507 -7,225,948
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   0 0 0
2902   0 0 0
2903   0 0 0
2999   0 0 0

 

2013 STATEMENT OF REVENUE AND EXPENSES (Continued) - 005
12545 - Martins Point Generations LLC

OLTPPROD Copyright 2014 National Association of Insurance Commissioners. All rights reserved. 03/04/2014
Line
Current Year
Prior Year
33 Capital and surplus prior reporting year 13,896,217 9,410,776
34 Net income or (loss) from Line 32 -10,729,507 -7,225,948
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 0 0
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 -1,459,865 -1,288,611
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) 16,000,000 13,000,000
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 0
48 Net change in capital and surplus 3,810,628 4,485,441
49 Capital and surplus end of reporting year 17,706,845 13,896,217
Details of Write-Ins
4701   0 0
4702   0 0
4703   0 0
4799   0 0

 

Last Updated: March 4, 2014