Centene Corporation Overview
Pro stress-test →Centene serves nearly 1 in 15 Americans through its government healthcare programs, managing government-sponsored health insurance programs like Medicaid and Medicare for low-income and complex-needs populations. The company is the largest Medicaid managed care company in the U.S. and the biggest provider of coverage on the ACA exchanges. With $194.8B in 2025 revenue and 27.6 million members, Centene is a critical player in safety-net healthcare.
Strategic Profile
Pro stress-test →The company anticipates over 40% adjusted EPS growth for 2026, driven by improvements in Medicaid, Marketplace, and Medicare Advantage segments, supported by stable Medicaid margins, recovering Marketplace margins, and progress in Medicare Advantage. Centene's improved profit outlook suggests the government programs giant will manage to stabilize elevated medical costs in 2026.
Competitive Landscape
Pro stress-test →The managed care industry is experiencing a brutal earnings season due to grim 2026 profit forecasts, with Elevance and Molina both expecting earnings drops due to difficulty in turning profits in Medicaid and ACA programs. Centene's differentiation lies in its superior rate increases and cost management actions that position it ahead of peers facing greater pressure.
Industry Context
Centene Corporation operates in Managed Care / Health Insurance (Government Programs Focus).
Key facts
Founded: 1984 · Headquarters: Saint Louis, Missouri · Revenue: $194.8B (2025) · Market cap: $18.4B