Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) based on inordinate decline in capital during 2023. Rating is significantly influenced by the strong financial results of Centene Corporation. Weak quality investment portfolio (1.1) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent profitability (7.2) with operating gains in each of the last five years.
Other Rating Factors:
Excellent capitalization (8.4) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
PA
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
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Provider Compensation ($000)
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Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
790 Township Line Road
Yardley, PA 19067
Yardley, PA 19067
Phone Number
(215) 504-3900
NAIC Number
47019
Website
Largest Affiliates