Group 1 - Centene Corporation will present at the Barclays 27th Annual Global Healthcare Conference on March 12, 2025, at 2:30 p.m. EDT via webcast [1] - A replay of the webcast will be available on Centene's website under the Investors section [1] - Centene is a Fortune 500 company focused on providing integrated healthcare services to under-insured and uninsured individuals [2] Group 2 - The company offers affordable and high-quality healthcare products to over 1 in 15 individuals in the nation, including Medicaid and Medicare members [2] - Centene employs a local approach with local brands and teams to deliver cost-effective services [2] - Important information about Centene is routinely posted on its investor relations website [3]

Core Viewpoint - Centene's recent earnings report shows strong performance in adjusted EPS and revenue growth, but challenges remain with membership declines and increased operating expenses [2][3][12]. Financial Performance - Adjusted EPS for Q4 2024 was 80 cents, exceeding estimates by 63.3% and up 77.8% year over year [2]. - Total revenues reached $40.8 billion, a 3.4% increase year over year, surpassing consensus estimates by 4.8% [2]. - Full-year revenues for 2024 were $163.1 billion, a 5.9% increase from 2023, with adjusted EPS of $7.17, up 7.3% year over year [12]. Revenue Breakdown - Medicaid revenues decreased by 1% to $20.8 billion, while Medicare revenues increased by 4% to $5.5 billion [4]. - Commercial revenues grew significantly by 18% year over year to $8.7 billion [4]. - Premiums totaled $35.5 billion, rising 3.8% year over year, exceeding estimates [5]. Membership and Operational Metrics - Total membership as of Dec. 31, 2024, was 28.6 million, a 4.1% increase year over year [7]. - Health Benefits Ratio (HBR) deteriorated by 10 basis points to 89.6% [7]. - Total operating expenses increased by 2.5% to $40.6 billion, driven by higher medical costs and premium tax expenses [8]. Cash Flow and Debt - Cash and cash equivalents stood at $14.1 billion, down 18.2% from the end of 2023 [10]. - Long-term debt rose by 4% to $18.4 billion [10]. - Net cash from operations was $154 million, significantly lower than the previous year [11]. Future Guidance - For 2025, management projects premium and service revenues of $158-$160 billion, indicating a 9.3% growth from 2024 [14]. - Adjusted EPS is expected to exceed $7.25, reflecting a 1.1% increase from 2024 [14]. Market Position and Comparisons - Centene's stock has a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [17]. - In comparison, Cigna, a competitor in the same industry, reported revenues of $65.68 billion, a year-over-year increase of 28.4% [18].

Core Insights - The collaboration between Peach State Health Plan, Centene Foundation, Atlanta Housing, and the City of Atlanta aims to redevelop the Bowen Homes community to enhance access to quality housing, healthcare, and community resources [1][4] - The Centene Foundation's funding marks the first state-level deployment of its partnership with McCormack Baron Salazar, focusing on predevelopment design and local community engagement [2] - The redevelopment plan includes over 750 residential units and recreational amenities, emphasizing health, empowerment, and resilience for families in the community [3] Company Overview - Peach State Health Plan is a care management organization serving Georgians, focusing on Medicaid and under-insured populations through various health insurance solutions [5] - Centene Foundation is a private nonprofit that invests in economically challenged communities, aiming to improve health equity and address social drivers of health [6]

Group 1 - Superior HealthPlan is accepting applications for its annual grant program aimed at community-based organizations and providers in Texas, with a deadline of March 31, 2025 [1][3] - The funding focuses on addressing non-medical drivers of health, also known as social determinants of health, to support low-income neighborhoods [1][2] - Since 2020, Superior has allocated over $740,000 to community partners and providers to tackle barriers to health and wellness [2] Group 2 - In 2025, a total of $200,000 will be distributed, with ten community-based organizations and ten providers each receiving $10,000 [3] - Grant recipients must serve the Medicaid population and are required to allow a follow-up visit by December 15 to demonstrate funding outcomes [5] - All necessary documentation must be submitted by April 30, 2025, to complete the application process [5]

Core Insights - Superior HealthPlan, a managed care organization in Texas and a Centene company, collaborated with local schools to celebrate No One Eats Alone® Day, addressing social isolation among students [1][3] - The event reached 1.5 million students nationwide, with 16 schools in Texas participating in activities designed to foster a sense of belonging and community [5][1] - Beyond Differences, the nonprofit organization behind the initiative, aims to combat social isolation and promote a culture of belonging in schools [9][5] Company Overview - Superior HealthPlan was founded in 1999 and operates throughout Texas, focusing on delivering quality healthcare and community involvement [6] - The Centene Foundation, the philanthropic arm of Centene, supports projects aimed at improving health equity and addressing social determinants of health [8][7] - Beyond Differences provides free Social-Emotional Learning tools to schools, with over 10,000 institutions currently utilizing their programs [9]

ST. LOUIS, Feb. 24, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("the Company") announced today the appointment of Kenneth Y. Tanji to the Centene Board of Directors, effective February 20, 2025. Mr. Tanji will serve on the Company's Audit and Compliance Committee. The appointment of Mr. Tanji expands Centene's Board of Directors to 12 members.Mr. Tanji's finance acumen spans more than three decades and includes deep knowledge of capital optimization strategies, strategic acquisitions, JV partnersh ...

Membership Growth - Year-end membership reached 28.6 million, an increase of 1.1 million members, or 4% over 2023[282] - Managed care membership increased by 1.1 million, or 4%, from December 31, 2023, to December 31, 2024, totaling 28.6 million members[302] - Medicare PDP membership increased by 50% year-over-year, while Medicare Advantage membership declined by 13%[295] Revenue Performance - Total revenues for 2024 were $163.1 billion, representing 6% growth year-over-year[282] - Total revenues for the year ended December 31, 2024, increased by 6% to $163.1 billion, driven by membership growth and Medicaid rate increases[304] - Total revenues increased by 6% to $163.1 billion in 2024, driven by a 36% increase in Commercial revenues, while Other revenues decreased by 20%[318] - Total revenues for 2024 reached $163,071 million, an increase of 5.4% from $153,999 million in 2023[402] Earnings and Profitability - Diluted earnings per share (EPS) increased to $6.31 for 2024, compared to $4.95 for 2023[282] - Adjusted diluted EPS rose to $7.17 for 2024, representing a 7% growth year-over-year[282] - Net earnings attributable to Centene Corporation for 2024 were $3,305 million, up 22.3% from $2,702 million in 2023[402] - Basic earnings per common share increased to $6.33 in 2024, compared to $4.97 in 2023, reflecting a growth of 27.3%[402] - The company reported a comprehensive earnings of $3,453 million in 2024, compared to $3,182 million in 2023, an increase of 8.5%[404] Expenses and Cost Management - SG&A expense ratio improved to 8.5% for 2024, down from 9.0% for 2023[282] - SG&A expense ratio decreased to 8.5% for the year ended December 31, 2024, from 9.0% in 2023, primarily due to the divestiture of Circle Health and lower Medicare SG&A[309] - Total impairment charges for 2024 were $13 million, significantly lower than the $529 million recorded in 2023, which included a $292 million charge related to Circle Health[310][311] Medical Claims and Liabilities - The total medical claims liability as of December 31, 2024, was $18.3 billion, an increase from $18.0 billion in 2023[370] - The company incurred $128.3 billion in medical claims related to the current year for 2024, compared to $120.7 billion in 2023[370] - Medical claims liability includes claims reported but not yet paid, estimates for claims incurred but not reported, and processing costs[435] - The Company uses actuarial methods to estimate medical claims liability, considering historical data and various relevant factors[435] Cash Flow and Financing - Operating cash flows were $154 million for 2024, a significant decrease from $8.1 billion for 2023[282] - Cash used in financing activities rose to $2.4 billion in 2024, driven by stock repurchases totaling $3.1 billion, compared to $1.6 billion in 2023[330][331] - The company has $2.2 billion remaining under its stock repurchase program as of December 31, 2024, after repurchasing 42 million shares for $3.0 billion[333] Divestitures and Acquisitions - The company divested its majority stake in Apixio in June 2023, recognizing a gain of $93 million, or $67 million after-tax[272] - The company completed several divestitures, including Operose Health and Circle Health, impacting its operational structure[296] - The Company completed the divestitures of Circle Health and Collaborative Health Systems (CHS) during 2024[416] Capital and Investments - The debt-to-capital ratio increased to 41.2% as of December 31, 2024, from 40.7% in 2023, influenced by stock repurchases and increased borrowings[338] - The company has short-term investments of $2.6 billion and long-term investments of $18.8 billion as of December 31, 2024[384] Regulatory and Compliance - The company anticipates limited reductions in Medicaid membership post-redeterminations, as most states have completed their unwinding processes by December 2024[278] - The Company reached an agreement with the federal government in 2024 to retroactively compensate for the difference in cost sharing reductions (CSRs) from 2018 to 2020[450] Accounting and Reporting - Revenue recognition is based on premiums received from states, members, and CMS, with adjustments for risk scores based on member acuity[373] - The Company estimates risk adjustment revenues based on diagnosis data submitted to CMS, recording revenues on a risk-adjusted basis[443] - The Company adopted new accounting guidance in Q4 2024 regarding segment reporting, which will enhance disclosures about significant expenses[459]

Core Viewpoint - Health Net, a subsidiary of Centene Corporation, is supporting National No One Eats Alone Day on February 14, 2025, to combat social isolation among students and promote a sense of belonging [1][2][6]. Group 1: Company Initiatives - Health Net is actively involved in initiatives aimed at fostering inclusion and reducing social isolation among youth, emphasizing the importance of community well-being [2][3]. - The Centene Foundation, the philanthropic arm of Centene Corporation, is sponsoring events related to No One Eats Alone Day, providing resources to schools at no charge [1][7]. - Participating schools will receive a "Belonging Box" containing lesson plans and materials to help students connect and build relationships [4][7]. Group 2: Impact on Youth - Social isolation is linked to serious mental and physical health issues, making initiatives like No One Eats Alone Day crucial for student well-being [2][6]. - The program encourages peer-to-peer support, which helps build self-esteem and a culture of belonging in schools [2][3]. - In 2024, the Centene Foundation registered 443 schools across 12 states to participate, aiming to reach over 1.5 million students nationwide [7]. Group 3: Partnerships and Collaborations - Beyond Differences, a nonprofit organization, established the No One Eats Alone initiative and has been providing free Social Emotional Learning programs since 2010 [3][11]. - Sandy Hook Promise, which focuses on preventing violence in schools, has integrated with Beyond Differences to enhance youth-centered initiatives [3][10]. - The collaboration aims to empower students and create a safer, more supportive school environment [4][10].

Core Insights - The Centene Foundation and 'Ohana Health Plan have awarded a $550,000 grant to Hawai'i Island Community Health Center (HICHC) to fund a mobile health clinic aimed at improving access to health services for underserved students in rural Hawai'i Island [1][2][3] Group 1: Grant and Project Overview - The grant will support HICHC's "Gateway to Health" project over two years, focusing on expanding school-based health services through a new mobile health clinic [1][2] - The mobile health clinic will provide medical, dental, and mental health services directly to students in rural areas, addressing the lack of access to healthcare facilities [2][3] Group 2: Impact on Students and Communities - The initiative aims to enhance students' health, thereby improving their academic performance and reducing absenteeism [2][3] - HICHC currently operates School-Based Health Centers (SBHCs) across five locations, serving eight schools, which help eliminate barriers to care such as transportation issues [3][5] Group 3: Organizational Background - HICHC is one of the largest Federally Qualified Health Centers in Hawai'i, employing over 400 healthcare professionals and serving 40,000 residents across 14 locations [5] - 'Ohana Health Plan provides managed care services primarily through Medicaid and Medicare, focusing on families and individuals with complex medical needs [6] - The Centene Foundation is dedicated to investing in economically challenged communities and improving health equity through various initiatives [7]

Core Viewpoint - Centene Corporation (CNC) reported strong fourth-quarter 2024 results, with adjusted earnings per share (EPS) of 80 cents, exceeding estimates by 63.3% and showing a year-over-year increase of 77.8% [1][2]. Financial Performance - Revenues for the quarter reached $40.8 billion, a 3.4% increase year over year, surpassing the consensus estimate by 4.8% [2]. - Medicaid revenues decreased by 1% to $20.8 billion, while Medicare revenues grew by 4% to $5.5 billion. Commercial revenues saw a significant increase of 18% to $8.7 billion [3]. - Total premiums amounted to $35.5 billion, up 3.8% year over year, exceeding the consensus estimate of $34.7 billion [4]. - Service revenues fell by 29.7% to $777 million, missing the consensus mark [5]. - Investment and other income decreased by 14.2% to $344 million, also falling short of estimates [5]. Membership and Operational Metrics - Total membership reached 28.6 million, a 4.1% increase year over year, with notable growth in the Commercial Marketplace business [6]. - The Health Benefits Ratio (HBR) deteriorated by 10 basis points to 89.6% [6]. - Adjusted net earnings rose by 68.3% to $404 million [6]. Expense Management - Total operating expenses increased by 2.5% to $40.6 billion, driven by higher medical costs and premium tax expenses [7]. - The adjusted SG&A expense ratio improved by 80 basis points to 8.9%, attributed to the divestiture of Circle Health Group and cost leveraging [8]. Cash and Debt Position - As of December 31, 2024, cash and cash equivalents stood at $14.1 billion, down 18.2% from the previous year [9]. - Total assets decreased by 2.6% to $82.4 billion, while long-term debt rose by 4% to $18.4 billion [9]. Full-Year Overview - For the full year 2024, total revenues reached $163.1 billion, a 5.9% increase, with adjusted EPS of $7.17, up 7.3% year over year [12]. - Total operating expenses for the year rose by 5.8% to $159.9 billion [12]. Share Repurchase Activity - Centene repurchased $3 billion in common shares during 2024, with $2.2 billion remaining under the share repurchase authorization as of February 4, 2025 [13]. 2025 Guidance - Management projects premium and service revenues between $158 billion and $160 billion for 2025, indicating a growth of 9.3% from 2024 [14]. - Adjusted EPS is expected to exceed $7.25, reflecting a 1.1% increase from 2024 [14].