Skip Maine state header navigation

Agencies | Online Services | Help

Skip First Level Navigation | Skip All Navigation

Maine.gov > PFR Home > Insurance Regulation > HMO > Financial Summary > 2002 Quarter 2

Maine HMO Financial Summary - 2002 Quarter 2

HMO Quarterly Statement Data

As of 6/30/2002

2nd Quarter, 2002 Results Harvard* Aetna US Healthcare CIGNA Healthcare ME Partners HMO Maine**
           
Total Admitted Assets $ 410,821,718
 $ 50,743,062
 $ 55,054,108
 $ 40,542,727
  
Premium Receivables $ 12,843,405
 $ 2,071,437
 $ 7,016,551
 $ 72,421  
Claims Payable $ 183,247,338
 $ 22,459,994
 $ 25,230,000
 $ 18,030,009
  
Loans & Notes Payable-both short & long $ - $ - $ - $ -  
Total Liabilities $ 266,615,188
 $ 30,376,687
 $ 31,735,957
 $ 29,574,770
  
Surplus Notes $ 12,794,871
 $ - $ 8,681,808
 $ -  
Total Net Worth $ 144,206,530
 $ 20,366,375
 $ 23,318,151
 $ 10,967,957
  
           
member months 3,264,888 357,526
 297,142
 229,981
 634,228
enrollees 551,941

53,900

 49,507
 36,838
 104,035
           
Premium $825,793,930
 $87,988,505
 $71,595,161
 $52,345,467
 $168,843,965
Fee-For-Service $453,614
 $ - $ - $ - $ -
Total Revenues $826,247,544
 $87,988,505
 $71,600,297
 $52,345,467
 $168,843,965
Total Medical & Hospital Expenses $733,976,579
 $79,335,415
 $60,324,585
 $42,456,332
 $151,680,087
Total Administration Expenses $78,724,976
 $11,297,805
 $8,102,561
 $9,296,496
 $13,941,116
Pre-tax Income(Loss) $18,685,120
 $(1,675,783)
 $3,994,945
 $1,434,085
 $7,304,984
Net Income(Loss) $18,685,120
 $(1,352,783)
 $3,021,819 $1,049,252 $4,748,240
           
Health Care Expense Ratio 88.83% 90.17% 84.26% 81.11% 89.83%
Administrative Expense Ratio 9.53% 12.84% 11.32% 17.76% 8.26%
Net Profit Margin 2.26% -1.54% 4.22% 2.00% 2.81%
Total Premium Revenue PMPM $253.07 $246.10 $240.95 $227.61 $266.22
Health Care Expense PMPM $224.81 $221.90 $203.02 $184.61 $239.16
Administrative Expenses PMPM $24.11 $31.60 $27.27 $40.42 $21.98
Net Income PMPM $5.72 $(3.78) $10.17 $4.56 $7.49
           
Provision for Fed Taxes $ - $ (323,000) $ 973,126 $384,833 $ 2,556,744

*Harvard numbers include business in other New England states.
**HMO Maine operates as a line of business of Anthem Health Plans of Maine, Inc.

Last Updated: June 24, 2009