AR Health & Wellness Hlth Plan
Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) based on rapid enrollment growth during the past five years, rapid premium growth over the last five years and excessive capital growth during 2022. Rating is significantly influenced by the strong financial results of Centene Corporation. Good quality investment portfolio (5.8) containing junk bond exposure equal to 72.9% of capital. Weak profitability index (0.7) with operating losses during 2018, 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -41.1%.
Other Rating Factors:
Excellent capitalization (7.4) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. 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:
AR, TN
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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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
16130
Website
Largest Affiliates