Sunshine State Health Plan Inc
Major Rating Factors:
Good overall results on stability tests (6.7 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Rating is 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. Excellent overall profitability index (6.9) despite operating losses during 2018.
Other Rating Factors:
Excellent overall capitalization (8.3) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (8.1) containing small junk bond exposure.
Principal Lines of Business:
--
Licensed in:
FL
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
Centene Plaza
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
13148
Website
Largest Affiliates
