WellCare Health Ins of AZ Inc
Major Rating Factors:
Good overall results on stability tests (6.2 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Centene Corporation. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.5) due to a decline in earnings during 2022. Return on equity has been fair, averaging 8.6% over the last five years.
Other Rating Factors:
Fair quality investment portfolio (3.9). 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