• Languages
  • Contact Us

Financials

As of December 31 2016
2015
Assets    
Current assets    
Cash and cash equivalents $  82,565,880
$  68,287,235
Investments 24,185,955
258,806,641
Receivables 174,311,065
174,884,601
Prepaid expenses 6,222,739
7,184,715
Total current assets $  503,285,639
$  509,163,192
Property and equipment - net 14,285,147
15,269,790
Goodwill, net
3,158,017
-
Restricted investments
69,409,903
71,876,703
Federal program receivable
13,521,634
13,672,637
Total assets $  603,660,340
$  609,982,322
 
Liabilities and Net Assets    
Current liabilities    
Claims payable $  160,018,075
$  162,269,593
Reserve for claims adjustment expenses 4,093,957
4,309,889 
Premium deficiency reserve
-
7,570,000
Accounts payable and accrued expenses 47,346,231
53,380,146
Physicians' withholding 27,132,827
30,250,598
Premiums received in advance 9,304,110
11,360,122 
Accrued contingent consideration current portion
1,000,000
-
Total current liabilities 248,895,200
269,140,348
Deferred rent and lease incentives
5,444,876
6,000,317
Federal program payable 16,438,612
16,159,888
Accrued contingent consideration long term portion
500,000
-
Total liabilities
271,278,688
291,300,533
 Net assets
332,381,652
318,681,769
Total liabilities and net assets $  603,660,340
$  609,982,322