WellCare of North Carolina Inc
Major Rating Factors:
Good quality investment portfolio (6.8 on a scale of 0 to 10) containing moderate junk bond exposure. Good overall results on stability tests (6.6) despite excessive capital growth during 2022. Rating is significantly influenced by the strong financial results of Centene Corporation. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Weak profitability index (0.9) with 53.4 million in losses in the last two years. Excellent capitalization index (7.4) 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:
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
7700 Forsyth Boulevard
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
16547
Website
Largest Affiliates