CAMBRIDGE, Mass., Oct. 28 /PRNewswire/ -- Highline Data announced today the addition of quarterly group data for health insurer statutory financial statements to Insurance Analyst PRO. Health quarterly groups provide vital visibility into the strength and strategic decision-making of insurer groups during this period of incomparable industry change.
"Feedback from our clients - actuaries, competitive intelligence analysts, senior financial professionals - has been overwhelming. They need greater insight into the impact that health care reform is already having on insurers," F. Reilly Cobb, vice president of Highline Data, said. "Adding quarterly consolidated data for health groups to Insurance Analyst PRO will enable them to clearly see the financial impact of legislation-driven business decisions at the group level on a quarterly basis. This is in addition to information we already provide on an annual basis and at the individual carrier level and completes the financial picture Highline Data provides for the industry."
The National Association of Insurance Commissioners requires U.S. health insurance carriers to file individual quarterly financial statements for each company, but that fails to tell the entire financial story across related subsidiaries, known as groups. Highline Data has long calculated group data on an annual basis for health insurers. Yesterday's delivery marks the first time that subscribers will be able to see quarterly Highline Data-calculated health groups, which roll up related filings while carefully avoiding double counting of financial measures.
Health quarterly groups will not only include income statement and balance sheet calculations, but also such important quarterly financial details as the medical loss ratio (MLRs), distribution of premiums by state, member months, per member/per month ratio (PM/PM), investment yield, ROAA, and ROEE. With this additional level of visibility, Highline Data subscribers will now be able to more fully understand changes health insurers are making to adapt to the changing business landscape.
Insurance Analyst PRO, the financial sector's premier online resource for insurance industry statutory and GAAP financial analysis, now includes health quarterly group data for the first and second quarter of 2010.
About Highline Data
Highline Data uniquely meets the insurance and financial sectors' needs for timely and comprehensive insurance industry financial and market data. We publish detailed financial information on more than 8,000 U.S. insurance companies. Our suite of products and services promotes financial transparency through the use of our advanced datasets and state-of-the-art analytical tools. Highline Data is part of Summit Business Media.
Summit Business Media is the leading B2B media company serving the insurance and investment markets. Through its Media and Reference Divisions, SBM publishes 17 magazines, more than 30 targeted industry Websites, and 150 reference titles. The Events Division hosts a dozen conferences supporting these brands. SBM's Data Division is the leading provider of group benefits and retirement prospecting tools and insurance industry financial data. For more information, visit sbmedia.com.
SOURCE Highline Data