WellCare of Maine Inc
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 2022. Rating is significantly influenced by the strong financial results of Centene Corporation. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability (8.6) despite a decline in earnings during 2022.
Other Rating Factors:
Excellent overall capitalization (8.9) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent quality investment portfolio (8.1) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
ME
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
16344
Website
Largest Affiliates