Maine HMO Financial Summary - 2002 Annual

HMO Annual Statement Data

As of 12/31/2002

Fiscal Year 2002 Results	Harvard*	Aetna Health	CIGNA Healthcare	ME Partners	HMO Maine**

Total Admitted Assets	$449,390,385	$66,236,286	$51,711,047	$38,547,382
Premium Receivables	$11,816,765	$1,524,900	$3,824,153	$887,551
Claims Payable	$116,943,143	$14,077,650	$21,618,941	$17,504,888
Total Liabilities	$279,639,344	$33,624,179	$29,998,684	$26,171,757
Surplus Notes	$13,125,979	$ -	$5,681,808	$ -
Total Net Worth	$169,751,041	$32,612,107	$21,712,363	$12,375,625

member months	6,576,612	632,504	568,924	450,917	1,185,770
enrollees	560,745	40,799	46,250	36,764	99,498

Premium	$1,685,180,653	$164,453,962	$138,989,231	$107,401,477	$342,590,638
Fee-For-Service	$891,889	$ -	$ -	$ -	$ -
Total Revenues	$1,686,072,542	$164,453,962	$138,994,367	$107,401,477	$342,590,638
Total Medical & Hospital Expenses	$1,481,960,951	$130,985,039	$117,926,100	$87,231,421	$294,694,895
Total Administration Expenses	$171,392,846	$20,854,779	$16,604,389	$17,987,587	$31,596,390
Pre-tax Income(Loss)	$44,909,585	$14,446,949	$6,141,526	$3,580,413	$21,141,271
Net Income(Loss)	$44,909,585	$9,600,158	$4,055,459	$2,762,223	$13,741,826

Health Care Expense Ratio	87.89%	79.65%	84.85%	81.22%	86.02%
Administrative Expense Ratio	10.17%	12.68%	11.95%	16.75%	9.22%
Net Profit Margin	2.66%	5.84%	2.92%	2.57%	4.01%
Total Premium Revenue PMPM	$256.37	$260.00	$244.30	$238.18	$288.92
Health Care Expense PMPM	$225.34	$207.09	$207.28	$193.45	$248.53
Administrative Expenses PMPM	$26.06	$32.97	$29.19	$39.89	$26.65
Net Income PMPM	$6.83	$15.18	$7.13	$6.13	$11.59

Provision for Fed Taxes	$ -	$4,846,791	$2,086,067	$818,190	$7,399,445

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