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AI English summary of an SEC filing — figures as filed

Centene logoCentene CNC

The company said GAAP diluted EPS for Q1 2025 was $2.63 and adjusted diluted EPS was $2.90. Premium and service revenues rose 17% from $36.3 billion a year earlier to $42.5 billion.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said GAAP diluted EPS for Q1 2025 was $2.63 and adjusted diluted EPS was $2.90. Premium and service revenues rose 17% from $36.3 billion a year earlier to $42.5 billion.

  2. Centene said its HBR for Q1 2025 was 87.5%, up from 87.1% a year earlier, and cited a higher Medicaid HBR tied to influenza and influenza-like illnesses as the main driver. Its SG&A expense ratio was 7.9%, compared with 8.9% a year earlier.

  3. The company said Marketplace membership rose 29% and Medicare PDP membership rose 22% versus Q1 2024. It also raised its 2025 full-year premium and service revenue outlook by $6.0 billion to a range of $164.0 billion to $166.0 billion.

  4. Centene said operating cash flow for Q1 2025 was $1.5 billion, driven mainly by net earnings and higher medical claims liabilities, partly offset by a delay in premium payments from one of its state partners. Total debt was $18.3 billion as of March 31.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q1 2025 GAAP and Adjusted Diluted EPS, Premium and Service Revenues

The company said GAAP diluted EPS for Q1 2025 was $2.63 and adjusted diluted EPS was $2.90. Premium and service revenues rose 17% from $36.3 billion a year earlier to $42.5 billion.

Source · Based on the filing body and exhibits

Q1 Health Benefits Ratio and SG&A Expense Ratio

Centene said its HBR for Q1 2025 was 87.5%, up from 87.1% a year earlier, and cited a higher Medicaid HBR tied to influenza and influenza-like illnesses as the main driver. Its SG&A expense ratio was 7.9%, compared with 8.9% a year earlier.

Source · Based on the filing body and exhibits

Membership Growth and 2025 Revenue Outlook

The company said Marketplace membership rose 29% and Medicare PDP membership rose 22% versus Q1 2024. It also raised its 2025 full-year premium and service revenue outlook by $6.0 billion to a range of $164.0 billion to $166.0 billion.

Source · Based on the filing body and exhibits

Q1 Operating Cash Flow and Total Debt

Centene said operating cash flow for Q1 2025 was $1.5 billion, driven mainly by net earnings and higher medical claims liabilities, partly offset by a delay in premium payments from one of its state partners. Total debt was $18.3 billion as of March 31.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.