Centene Venture Co Florida
Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite a decline in enrollment during 2023. Rating is significantly influenced by the strong financial results of Centene Corporation. Weak profitability index (0.6) due to a decline in earnings during 2023. Average return on equity over the last five years has been poor at -31.3%. Excellent capitalization index (10.0) 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.
Other Rating Factors:
Excellent quality investment portfolio (7.9) containing small junk bond exposure. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
FL
Principal Enrollment Breakdown:
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Other Highlights
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Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
Centene Plaza
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
16499
Website
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