Centene Venture Co AL Health
Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) in spite of healthy premium and capital growth during 2022 but an excessive 287% enrollment growth during the period. Rating is significantly influenced by the strong financial results of Centene Corporation. Weak profitability index (1.2) with operating losses during 2020 and 2021. Weak quality investment portfolio (1.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks.
Other Rating Factors:
Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario). Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
AL
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
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
16771
Website
Largest Affiliates