Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with modest operating losses during 2018, 2019 and 2022. Good overall results on stability tests (5.5) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the strong financial results of Centene Corporation. Excellent capitalization index (7.3) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
TX
Principal Enrollment Breakdown:
--
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
5900 East Ben White Boulevard
Austin, TX 78741
Austin, TX 78741
Phone Number
(844) 431-9565
NAIC Number
16106
Website
Largest Affiliates