C
LA Healthcare Connections Inc
Rating Date
September 2023
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: Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2017, 2018, 2019 and 2021. Fair overall results on stability tests (2.9). Rating is significantly influenced by the acceptable financial results of Centene Corporation. Good quality investment portfolio (6.1) containing significant exposure to junk bonds.
Other Rating Factors: Excellent capitalization (6.9) based on good current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated during prior years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: LA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
549
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
B
Saint Louis, MO - Health
C
Saint Louis, MO - Health
B
Saint Louis, MO - Health
C
Saint Louis, MO - Health
B
Chicago, IL - Health
Weiss Ratings