D
WELLCARE OF FLORIDA INC
TampaFL
Data as of
December 31, 2020
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Good capitalization index (6.4 on a scale of 0 to 10) based on good current risk-adjusted capital (severe loss scenario). Good quality investment portfolio (5.1). Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent profitability (9.3). Excellent overall results on stability tests (8.2) based on healthy premium and capital growth during 2019 but a decline in the number of member physicians during 2020.
Principal Lines of Business: Medicaid (77.7%), Medicare (22.3%)
Licensed in: FL
Principal Enrollment Breakdown: HMO (100.0%)
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
0
Bonus
Other
0
Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8735 Henderson Road
Tampa, FL 33607
Phone Number
(813) 206-6200
NAIC Number
95081
Website
--
Largest Affiliates
No affiliate information available.
Weiss Ratings