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Financial Information

For the twelve months ended December 31, 2006, HealthMarkets' revenue and net income were $2.147 billion and $238 million, respectively. As of December 31, 2006, the Company had approximately $2.6 billion in assets on its balance sheet. During 2004, 2005 and 2006, HealthMarkets generated health insurance premiums of approximately $1,813 million, $1,856 million and $1,672 million, respectively. This represents 88%, 87% and 78% of the Company's total revenues for these years.

HealthMarkets conducts business through our wholly owned insurance company subsidiaries - including The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee based in Texas, and The Chesapeake Life Insurance Company. MEGA, Mid-West and Chesapeake are currently rated "A- (Excellent)" by A.M. Best.* This rating is based on a quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.

Find out more. Access additional information and SEC filings here.


* A.M. Best is an independent rating company that evaluates and rates the financial strength of insurance companies. Ratings are reviewed and affirmed regularly. The referenced rating is not a warranty of an insurer's current or future ability to meet obligations to policyholders, nor is it a recommendation of a specific policy form, contract, rate or claim practice. This rating is the 4th highest of 16 ratings.

 
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