WellCare of Maine Inc
Major Rating Factors:
Excellent quality investment portfolio (6.9 on a scale of 0 to 10) containing significant exposure to junk bonds. Good overall results on stability tests (6.8) based on healthy premium and capital growth during 2021. Rating is significantly influenced by the acceptable financial results of Centene Corporation. Excellent profitability (8.7)
Other Rating Factors:
Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
ME
Principal Enrollment Breakdown:
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