WellCare of Mississippi Inc
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -10.2%. Weak quality investment portfolio (2.1) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Good overall results on stability tests (6.4) based on healthy premium and capital growth during 2023. Rating is significantly influenced by the strong financial results of Centene Corporation.
Other Rating Factors:
Excellent capitalization (8.9) based on excellent current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2021. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MS
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
16329
Website
Largest Affiliates