Centene Venture Co Florida
Major Rating Factors:
Fair overall results on stability tests (4.8 on a scale of 0 to 10) based on an excessive 72% enrollment growth during the period. Rating is significantly influenced by the strong financial results of Centene Corporation. Weak profitability index (0.1) with operating losses during 2020 and 2021. Average return on equity over the last five years has been poor at -42.9%. Excellent capitalization index (8.9) based on good current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (9.4) containing small junk bond exposure. Excellent liquidity (7.0) 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
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
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Member Physicians
Enrollment
Total Patient Encounters
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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) 725-4477
NAIC Number
16499
Website
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