Magellan Life Ins Co
Major Rating Factors:
Weak quality investment portfolio (2.8 on a scale of 0 to 10). Weak overall results on stability tests (1.2) based on an overall decline in enrollment over the past five years, a steep decline in capital during 2023. Rating is significantly influenced by the strong financial results of Centene Corporation. Excellent profitability (7.4) despite a decline in earnings during 2023.
Other Rating Factors:
Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AZ, CA, DE, GA, HI, IN, KS, MS, MT, ND, NE, NM, SC, SD, TN, TX, UT, WV, WY
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
13500 Riverport Drive
Maryland Heights, MO 63043
Maryland Heights, MO 63043
Phone Number
(619) 326-9204
NAIC Number
97292
Website
Largest Affiliates