WellCare Hlth Ins Co of KY
Major Rating Factors:
Good quality investment portfolio (6.8 on a scale of 0 to 10) containing significant exposure to junk bonds. Good overall results on stability tests (6.1) based on consistent premium and capital growth in the last five years but 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:
Excellent profitability (7.9) despite a decline in earnings during 2023. Excellent overall capitalization (7.4) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
--
Licensed in:
All states except FL, ME, MI, NC, NH, NY, TX, VT
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
7700 Forsyth Boulevard
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
64467
Website
Largest Affiliates