Group 1 - Centene Corporation held its Fourth Quarter and Full Year 2024 Earnings Conference Call on February 4, 2025 [2] - The call was hosted by Jennifer Gilligan, Senior Vice President of Finance and Investor Relations, along with CEO Sarah London and CFO Drew Asher [3] - The event was recorded and participants were initially in listen-only mode [2] Group 2 - The company provided forward-looking statements regarding future expectations, plans, and prospects, which are protected under the Private Securities Litigation Reform Act of 1995 [4] - Actual results may differ materially from the forward-looking statements due to various important factors [4]

Core Insights - Centene reported revenue of $40.81 billion for the quarter ended December 2024, reflecting a year-over-year increase of 3.4% and surpassing the Zacks Consensus Estimate of $38.96 billion by 4.75% [1] - The company's EPS for the quarter was $0.80, significantly higher than the $0.45 reported in the same quarter last year, resulting in an EPS surprise of 63.27% compared to the consensus estimate of $0.49 [1] Financial Performance Metrics - Total Medical Health Benefits loss ratio was reported at 89.6%, slightly better than the average estimate of 90% from five analysts [4] - Membership in Traditional Medicaid reached 11.41 million, exceeding the average estimate of 11.38 million [4] - Total Medicaid membership was reported at 13 million, above the average estimate of 12.98 million [4] - High Acuity Medicaid membership was consistent with estimates at 1.6 million [4] - Premium and service revenues totaled $36.30 billion, surpassing the average estimate of $35.50 billion and showing a year-over-year increase of 2.7% [4] - Premium revenues were reported at $35.52 billion, exceeding the estimate of $34.71 billion and reflecting a 3.8% year-over-year increase [4] - Service revenues were $777 million, slightly below the average estimate of $782.17 million, marking a significant year-over-year decline of 29.8% [4] - Premium tax revenues reached $4.51 billion, well above the average estimate of $3.07 billion, representing a year-over-year increase of 9.4% [4] - Commercial premium and service revenues were reported at $8.72 billion, exceeding the estimate of $8.47 billion and showing a year-over-year increase of 17.8% [4] - Medicare premium and service revenues were $5.48 billion, slightly below the average estimate of $5.70 billion, with a year-over-year increase of 3.5% [4] - Medicaid premium and service revenues totaled $20.83 billion, surpassing the average estimate of $20.16 billion, but reflecting a year-over-year decline of 1.4% [4] - Other premium and service revenues were reported at $1.27 billion, exceeding the estimate of $1.19 billion, but showing a year-over-year decline of 16.8% [4] Stock Performance - Centene's shares have returned 3.4% over the past month, outperforming the Zacks S&P 500 composite, which saw a 1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Centene (CNC) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 63.27%. A quarter ago, it was expected that this healthcare company would post earnings of $1.39 per share when it actually produced earnings of $1.62, delivering a surprise of 16.55%.Over the last four quarters, the compan ...

Centene reported $3.3 billion in 2024 profits as Obamacare enrollment and premium revenue helped ... [+] overcome a big dip in Medicaid enrollment. In this photo, the building housing Centene Corporation headquarters is seen Thursday, July 2, 2015, in Clayton, Mo. (AP Photo/Jeff Roberson)ASSOCIATED PRESSCentene Tuesday reported $3.3 billion in 2024 profits as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.Centene, which sells an array of government subsidized healt ...

-- 2024 Full Year Diluted EPS of $6.31; Adjusted Diluted EPS of $7.17 -- 2024 adjusted diluted EPS of $7.17, up 7% from $6.68 in 2023. Membership increases of 12% in Marketplace and 50% in Medicare PDP, compared to the fourth quarter of 2023. Executed on capital deployment with $3.0 billion of share repurchases in 2024. Increased 2025 premium and service revenues guidance by $4.0 billion driven by Medicaid revenue and better than expected membership performance during the annual enrollment period in Medicar ...

Exhibit 99.1 N E W S R E L E A S E Contact: Investor Relations Inquiries Media Inquiries Jennifer Gilligan Isabella Wiltse Senior Vice President, Finance & Investor Relations Vice President, Media & Public Relations (212) 549-1306 (314) 445-0790 | 2024 Results | | | | | | --- | --- | --- | --- | --- | | | | Q4 | | Full Year | | Total revenues (in millions) | $ | 40,805 | $ | 163,071 | | Premium and service revenues (in millions) | $ | 36,296 | $ | 145,505 | | Health benefits ratio | | 89.6 % | | 88.3 % | | ...

Wall Street analysts expect Centene (CNC) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year increase of 8.9%. Revenues are expected to be $38.96 billion, down 1.3% from the year-ago quarter.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company ...

Healthcare plan provider Centene Corporation (CNC) is set to report fourth-quarter 2024 results on Feb. 4, 2025, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at 49 cents per share on revenues of $38.96 billion. See the Zacks Earnings Calendar to stay ahead of market-making news.The fourth-quarter earnings estimate remained stable over the past 30 days. The bottom-line projection indicates year-over-year growth of 8.9%. However, the Zacks ...

Centene Corporation (CNC) recently unveiled that its subsidiary, 'Ohana Health Plan, collaborated with the nonprofit homeless services organization on Hawaii Island, Hope Services Hawaii. The tie-up was meant to introduce a residential program offering integrated clinical care exclusively to 'Ohana Health Plan members. The transitional housing and structured support are provided through a property, which is owned by the County of Hawaii and operates under an existing lease agreement with Hope Services. It i ...

The six-bed, Hilo-based home is reserved exclusively for 'Ohana Health Plan members and provides integrated, sustained clinical care and case management for an average one-year stay. The property is owned by the County of Hawaii, which has an existing lease with Hope Services to provide emergency shelter for individuals experiencing homelessness. The treatment-based residential program provides: Behavioral health (BH) case management Licensed BH clinician for therapy and psychosocial rehabilitation groups ...