C
Granite State Health Plan Inc
Rating Date
January 2026
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: Fair quality investment portfolio (3.3 on a scale of 0 to 10). Weak profitability index (2.6) with operating losses during 2019, 2020, 2021 and 2023. Good overall results on stability tests (5.1). Rating is significantly influenced by the strong financial results of Centene Corporation.
Other Rating Factors: Excellent overall capitalization (9.1) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: NH
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
425
Provider Compensation ($000)
Capitation Pay
Fee For Service
783
Contractual Pay
Salary
0
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
14226
Largest Affiliates
C
Saint Louis, MO - Health
B
Saint Louis, MO - Health
C
Chicago, IL - Health
B
Saint Louis, MO - Health
B
Saint Louis, MO - Health