WellCare Hlth Plans of NJ Inc
Major Rating Factors:
Good overall profitability index (5.8 on a scale of 0 to 10) despite a decline in earnings during 2023. Excellent overall results on stability tests (6.9) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the weak financial results of Centene Corporation. Weak quality investment portfolio (0.7).
Other Rating Factors:
Excellent overall capitalization (7.3) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
NJ
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
7700 Forsyth Boulevard
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
13020
Website
Largest Affiliates