Major Rating Factors:
Fair quality investment portfolio (4.2 on a scale of 0 to 10). Fair overall results on stability tests (4.5) based on inordinate decline in capital during 2021. Rating is significantly influenced by the acceptable financial results of Centene Corporation. Weak profitability index (0.9) with operating losses during 2017, 2018, 2019 and 2021. Average return on equity over the last five years has been poor at -27.5%.
Other Rating Factors:
Excellent capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2018. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
MS
Principal Enrollment Breakdown:
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