Centene Venture Co IL
Major Rating Factors:
Good overall results on stability tests (6.8 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 (1.9) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been extremely poor. Weak quality investment portfolio (2.0) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent capitalization index (9.3) 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 (7.5) with ample operational cash flow and liquid investments.
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Licensed in:
IL
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
16505
Website
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