HEALTH NET LIFE INS CO
Major Rating Factors:
Good overall profitability (5.2 on a scale of 0 to 10) despite operating losses during 2022. Despite its volitility, return on equity has been excellent over the last five years averaging 27.0%. Good Liquidity (6.6) with sufficient resources to handle a spike in claims. Fair overall results on stability tests (4.3) including fair financial strength of affiliated Centene Corporation and negative cash flow from operations for 2022.
Other Rating Factors:
Strong capitalization (9.8) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (8.1).
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except MI, NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Centene Corporation
Investment Rating
Company Address
21281 Burbank Boulevard B3
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(314) 725-4477
NAIC Number
66141
Website
Largest Affiliates