Maine HMO Financial Summary - 2008 Annual

HMO Annual Statement Data

As of 12/31/2008

Fiscal Year 2008 Results	Aetna Health	CIGNA Healthcare	HMO Maine**	Martins Point Generations	Harvard Pilgrim Health Care*	Arcadian Health Plan***
Total Admitted Assets	$46,884,121	$9,503,541		$4,049,127	$748,226,342	$75,489,397
Premium Receivables	$1,134,971	$ 58,740		$64,797	$13,109,838	$9,592,342
Claims Payable	$12,878,051	$642,458		$956,756	$193,741,628	$31,240,424
Total Liabilities	$26,333,215	$1,709,707		$2,245,051	$361,493,558	$44,822,260
Surplus Notes	$ -	$ -		$ -	$ 97,341,298	$ -
Total Net Worth	$20,550,906	$7,793,834		$1,804,076	$386,732,784	$30,667,137
member months	392,279	34,203	1,062,134	11,909	4,911,184	303,299
enrollees	29,768	2,071	85,185	1,149	403,332	25,241
Premium	$152,271,311	$12,247,006	$400,287,880	$6,550,791	$2,049,437,834	$230,337,506
Fee-For-Service	$ -	$ -	$ -	$ -	$ -	$ -
Total Revenues	$152,317,770	$12,247,006	$377,599,250	$6,550,791	$2,049,437,834	$230,337,506
Total Medical & Hospital Expenses	$104,010,051	$5,521,641	$283,955,297	$4,238,109	$1,405,487,880	$109,654,900
Total Claims Adjustment Expenses	$2,564,475	$252,038	$3,554,097	$87,146	$97,601,858	$7,674,579
Total General Administration Expenses	$16,479,229	$1,691,564	$5,053,548	$2,663,044	$109,394,359	$33,053,771
Net Underwriting Gain(Loss)	$4,729,578	$2,117,514	$19,639,299	$(1,155,648)	$29,824,820	$2,461,820
Pre-tax Income(Loss)	$6,150,833	$2,724,090	$23,252,353	$(1,073,308)	$52,292,074	$5,198,108
Net Income(Loss)	$8,340,611	$1,981,167	$15,114,029	$(1,073,308)	$52,292,074	$3,975,978
Health Care Expense Ratio	68.31%	45.09%	70.94%	64.70%	68.58%	47.61%
Claims Adjustment Expense Ratio	1.68%	2.06%	0.89%	1.33%	4.76%	3.33%
Administrative Expense Ratio	10.82%	13.81%	1.26%	40.65%	5.34%	14.35%
Net Profit Margin	5.48%	16.18%	4.00%	-16.38%	2.55%	1.73%
Total Premium Revenue PMPM	$388.17	$358.07	$376.87	$550.07	$417.30	$759.44
Health Care Expense PMPM	$265.14	$161.44	$267.34	$355.87	$286.18	$361.54
Claims Adjustment Expense PMPM	$6.54	$7.37	$3.35	$7.32	$19.87	$25.30
Administrative Expense PMPM	$42.01	$49.46	$4.76	$223.62	$22.27	$108.98
Net Income PMPM	$21.26	$57.92	$14.23	$(90.13)	$10.65	$13.11
Provision for Fed Taxes	$(2,189,778)	$742,923	$8,138,324	$ -	$ -	$ 1,222,130

*Harvard Pilgrim (not-for-profit) numbers include business in other New England states.
**HMO Maine operates as a line of business of Anthem Health Plans of Maine, Inc.
***Arcadian Health Plan numbers include business from four other states.