B
Celtic Ins Co
ChicagoIL
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: Good liquidity (6.6 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (3.8) with 80.8 million in losses in the last two years. Fair quality investment portfolio (4.5).
Other Rating Factors: Fair overall results on stability tests (4.6) based on a decline in the number of member physicians during 2021. Rating is significantly influenced by the acceptable financial results of Centene Corporation. Excellent capitalization (7.7) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Principal Lines of Business: --
Licensed in: All states except NY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
376
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
CNC
Company Address
200 East Randolph Street
Chicago, IL 60601
Phone Number
(800) 714-4658
NAIC Number
80799
Largest Affiliates
B
Saint Louis, MO - Health
C
Saint Louis, MO - Health
B
Saint Louis, MO - Health
C
Saint Louis, MO - Health
B
Saint Louis, MO - Health
Weiss Ratings