Centene Venture Co Michigan
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2020 and 2021. Weak overall results on stability tests (2.8) in spite of healthy premium and capital growth during 2022 but an excessive 627% enrollment growth during the period. Rating is significantly influenced by the strong financial results of Centene Corporation. Excellent capitalization index (7.3) based on good current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (8.0) containing small junk bond exposure. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI
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
Centene Plaza
Saint Louis, MO 63105
Saint Louis, MO 63105
Phone Number
(314) 725-4477
NAIC Number
16613
Website
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