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Maine.gov > PFR Home > Insurance Regulation > HMO > Financial Summary > 2002 Quarter 3

Maine HMO Financial Summary - 2002 Quarter 3

HMO Quarterly Statement Data

As of 9/30/2002

3rd Quarter, 2002 Results Harvard* Aetna US Healthcare CIGNA Healthcare ME Partners HMO Maine**
           
Total Admitted Assets $428,729,345
$54,980,837
$49,869,884
$36,915,027
 
Premium Receivables $11,088,953
$2,696,710
$6,275,532
$1,488,833  
Claims Payable $173,409,659
$16,193,887
$22,223,024
$16,743,789
 
Loans & Notes Payable-both short & long $ - $ - $ - $ -  
Total Liabilities $267,843,159
$28,684,996
$29,361,459
$23,652,774
 
Surplus Notes $12,967,696
$ - $ 5,681,808
 $ -  
Total Net Worth $160,886,186
$26,295,841
$20,508,425
$13,262,253
 
           
member months 4,933,935 503,540
431,130
340,155
919,016
enrollees 559,917

45,729

47,386
36,971
95,436
           
Premium $1,255,734,654
$128,161,221
$105,702,826
$79,457,928
$253,446,420
Fee-For-Service $665,775
$ - $ - $ - $ -
Total Revenues $1,256,400,429
$128,161,221
$105,707,962
$79,457,928
$253,446,420
Total Medical & Hospital Expenses $1,109,481,256
$104,781,438
$89,868,713
$62,251,002
$222,364,467
Total Administration Expenses $120,108,508
$16,371,755
$12,262,553
$13,476,577
$24,235,320
Pre-tax Income(Loss) $35,774,507
$7,964,576
$4,836,799
$4,944,020
$11,785,074
Net Income(Loss) $35,774,507
$5,113,309
$3,708,245
$3,580,975
$7,660,298
           
Health Care Expense Ratio 88.31% 81.76% 85.02% 78.34% 87.74%
Administrative Expense Ratio 9.56% 12.77% 11.60% 16.96% 9.56%
Net Profit Margin 2.85% 3.99% 3.51% 4.51% 3.02%
Total Premium Revenue PMPM $254.64 $254.52 $245.18 $233.59 $275.78
Health Care Expense PMPM $224.87 $208.09 $208.45 $183.01 $241.96
Administrative Expenses PMPM $24.34 $32.51 $28.44 $39.62 $26.37
Net Income PMPM $7.25 $10.15 $8.60 $10.53 $8.34
           
Provision for Fed Taxes $ - $ 2,851,267 $ 1,128,554 $ 1,363,045 $ 4,124,776

*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