WellCare Natl Hlth Ins Co
Major Rating Factors:
Good overall results on stability tests (6.8 on a scale of 0 to 10) based on healthy premium and capital growth during 2021. Rating is significantly influenced by the acceptable financial results of Centene Corporation. Excellent profitability (7.6) despite a decline in earnings during 2021. Excellent capitalization index (9.2) 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 (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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