2016 Financials

Statements of Revenue and Expenses

For the years ended December 31, 2016 and 2015 ($ in thousands)

2016 2015
Revenue - Premium Income $3,062,035 $2,733,898
Operating Expenses    
Medical Costs  2,695,800  2,383,942
General Expenses  457,584  428,707
   3,153,384  2,812,649
     
Underwriting Loss  (91,349)  (78,751)
     
Other Income and (Expenses)    
Net Investment Income  25,632  35,789
Interest Expense  (2,344)  (2,831)
Other  19,528  (8,981)
   42,816  23,977
Net Loss  ($48,533) ($54,774)

Balance Sheets

As of December 31, 2016 and 2015 ($ in thousands)

Assets 2016 2015
Cash and Securities $872,829 $872,579
Net Premiums and Other Receivables  206,162  193,174
Net Fixed Assets  29,310  31,675
Intangible Assets  17,333  16,716
Other Assets  67,485  29,154
Total Assets $1,193,119 $1,143,298
     
Liabilities and Net Worth    
Liabilities    
Claims Payable and Accrued Medical Incentive Pool $285,078 $250,827
Accounts Payable and Accrued Expenses  243,866  244,646
Premium Received in Advance  82,476  83,692
Aggregate Health Policy Reserves  89,594  73,000
Other  35,303  33,015
Total Liabilities  736,317  685,180
Net Worth  456,802  458,118
Total Liabilities and Net Worth $1,193,119 $1,143,298

Note: This financial information includes Harvard Pilgrim's insurance entities reported on a statutory basis and its non-insurance entities on a GAAP basis.