B
Superior HealthPlan Inc
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Excellent profitability (9.2 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent capitalization (8.9) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017. Excellent quality investment portfolio (8.4) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (8.7) based on consistent premium and capital growth in the last five years. Rating is significantly influenced by the acceptable financial results of Centene Corporation. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: TX
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
676
Provider Compensation ($000)
Capitation Pay
Fee For Service
0
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
CNC
Company Address
Centene Plaza
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
95647
Largest Affiliates
B
Saint Louis, MO - Health
C
Saint Louis, MO - Health
C
Saint Louis, MO - Health
B
Chicago, IL - Health
B
Saint Louis, MO - Health
Weiss Ratings