C
WellCare Hlth Plans of MO Inc
Rating Date
June 2024
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (2.8 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Centene Corporation. Excellent profitability (8.2) Excellent capitalization index (9.1) based on good current risk-adjusted capital (severe loss scenario).
Other Rating Factors: Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: MO
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
658
Provider Compensation ($000)
Capitation Pay
439
Fee For Service
0
Contractual Pay
Salary
0
Bonus
85
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
CNC
Company Address
7700 Forsyth Boulevard
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
16753
Largest Affiliates
C
Saint Louis, MO - Health
B
Saint Louis, MO - Health
B
Saint Louis, MO - Health
C
Burr Ridge, IL - Health
C
Saint Louis, MO - Health
Weiss Ratings