C
LA Healthcare Connections Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Fair quality investment portfolio (3.0 on a scale of 0 to 10). Weak profitability index (0.9) with 150.7 million in losses in the last two years. Excellent capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Other Rating Factors: Good overall results on stability tests (6.2) despite excessive capital growth during 2022. Rating is significantly influenced by the strong financial results of Centene Corporation. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: LA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
496
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
CNC
Company Address
Centene Plaza
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
13970
Largest Affiliates
C
Saint Louis, MO - Health
B
Saint Louis, MO - Health
B
Saint Louis, MO - Health
C
Burr Ridge, IL - Health
C
Saint Louis, MO - Health
Weiss Ratings