WellCare Hlth Ins of CT Inc
Major Rating Factors:
Good quality investment portfolio (6.5 on a scale of 0 to 10) containing significant exposure to junk bonds. Good overall results on stability tests (5.7) despite a decline in enrollment during 2023. 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.
Other Rating Factors:
Weak profitability index (0.9) with 38.0 million in losses in the last four years. Average return on equity over the last five years has been poor at -21.3%. 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.
Principal Lines of Business:
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Licensed in:
CT
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
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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
16513
Website
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