Maine HMO Financial Summary - 2002 Quarter 1

HMO Quarterly Statement Data

As of 3/31/2002

1st Quarter, 2002 Results	Harvard*	Aetna US Healthcare	CIGNA Healthcare	ME Partners	HMO Maine**

Total Admitted Assets	$ 424,255,814	$ 53,425,152	$ 52,412,222	$ 33,573,873
Premium Receivables	$ 11,563,480	$ 1,421,296	$ 5,305,378	$ -
Claims Payable	$ 183,920,363	$ 22,619,674	$ 25,513,694	$ 19,904,613
Loans & Notes Payable-both short & long	$ -	$ -	$ -	$ -
Total Liabilities	$ 279,175,443	$ 31,260,701	$ 31,545,449	$ 24,220,350
Surplus Notes	$ 14,409,000	$ -	$ 8,681,808	$ -
Total Net Worth	$ 145,080,371	$ 22,164,451	$ 20,866,772	$ 9,353,523

member months	1,620,309	190,224	149,706	118,707	321,397
enrollees	542,762	60,141	50,518	38,731	105,490

Premium	$406,329,785	$45,834,805	$35,472,370	$26,428,372	$82,355,552
Fee-For-Service	$220,086	$ -	$ -	$ -	$ -
Total Revenues	$406,549,871	$45,834,805	$35,472,370	$26,428,372	$82,355,552
Total Medical & Hospital Expenses	$359,048,213	$40,067,483	$32,067,893	$21,703,658	$74,129,142
Total Administration Expenses	$39,554,450	$5,944,517	$3,434,982	$5,060,638	$6,860,630
Pre-tax Income(Loss)	$9,795,205	$219,380	$373,241	$(42,382)	$3,431,948
Net Income(Loss)	$9,795,205	$427,380	$371,546	$(19,500)

Health Care Expense Ratio	88.32%	87.42%	90.40%	82.12%	90.01%
Administrative Expense Ratio	9.73%	12.97%	9.68%	19.15%	8.33%
Net Profit Margin	2.41%	0.93%	1.05%	-0.07%	2.71%
Total Premium Revenue PMPM	$250.91	$240.95	$236.95	$222.64	$256.24
Health Care Expense PMPM	$221.59	$210.63	$214.21	$182.63	$230.65
Administrative Expenses PMPM	$24.41	$31.25	$22.94	$42.63	$21.35
Net Income PMPM	$6.05	$2.25	$2.48	($0.16)	$6.94

Provision for Fed Taxes	$ -	$ (208,000)	$ 1,694	$ (22,882)	$ 1,201,182

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