C
WellCare Prescription Ins Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
Loading...
Major Rating Factors: Fair overall results on stability tests (3.6 on a scale of 0 to 10) based on rapid enrollment growth during the past five years. Potentially strong support from affiliation with Centene Corporation. Excellent profitability (8.4) despite a decline in earnings during 2021. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: All states
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
39
Provider Compensation ($000)
Capitation Pay
0
Fee For Service
0
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
0
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
CNC
Company Address
7700 Forsyth Boulevard
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
10155
Largest Affiliates
B
Saint Louis, MO - Health
B
Saint Louis, MO - Health
C
Saint Louis, MO - Health
B
Chicago, IL - Health
B
Saint Louis, MO - Health
Weiss Ratings