Major Rating Factors:
Good overall results on stability tests (6.8 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years and a decline in the number of member physicians during 2023. Rating is significantly influenced by the strong financial results of Centene Corporation. Fair quality investment portfolio (3.7). Excellent profitability (9.2) with operating gains in each of the last five years.
Other Rating Factors:
Excellent overall capitalization (8.2) based on excellent current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
SC
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
100 Center Point Circle
Columbia, SC 29210
Columbia, SC 29210
Phone Number
(866) 433-6041
NAIC Number
12959
Website
Largest Affiliates