Ambetter of North Carolina Inc
Major Rating Factors:
Good overall profitability index (5.9 on a scale of 0 to 10) despite operating losses during 2019 and 2020. Good overall results on stability tests (6.3) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2023 and rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of Centene Corporation. Weak quality investment portfolio (0.7).
Other Rating Factors:
Excellent capitalization index (7.3) based on excellent current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
NC
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
Centene Plaza
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4658
NAIC Number
16395
Website
Largest Affiliates