WellCare Health Ins of AZ Inc
Major Rating Factors:
Fair quality investment portfolio (4.8 on a scale of 0 to 10). Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (1.4) with operating losses during 2019 and 2023. Return on equity has been low, averaging 0.3% over the last five years.
Other Rating Factors:
Weak overall results on stability tests (2.8) based on an inordinate decline in premium revenue in 2023. Rating is significantly influenced by the strong financial results of Centene Corporation. 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:
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Licensed in:
All states except CA, CT, MA, ME, NH, NJ, NY, OH, PA, RI, VT, WI, WV
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
83445
Website
Largest Affiliates