Business Segments · Medical costs
Commercial — Medical costs
Centene Commercial — Medical costs decreased by 30.1% to $7.20B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 5.4%, from $7.61B to $7.20B. Over 4 years (FY 2021 to FY 2025), Commercial — Medical costs shows an upward trend with a 25.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ1 2026
Rolls up toMedical costs
How to read this metric
An increase relative to revenue suggests rising medical loss ratios and potential margin compression.
Detailed definition
The total expenses incurred for medical services provided to members within the commercial segment, including payments t...
Peer comparison
Commonly referred to as medical loss or claims expense in the managed care industry.
Metric ID:
cnc_segment_commercial_medical_costsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.67B | $3.67B | $3.67B | $3.27B | $3.53B | $3.61B | $3.68B | $4.01B | $4.64B | $5.09B | $6.08B | $5.68B | $6.27B | $6.96B | $7.13B | $7.61B | $9.12B | $9.88B | $10.30B | $7.20B |
| QoQ Change | — | +0.0% | +0.0% | -10.8% | +7.8% | +2.4% | +1.7% | +8.9% | +16.0% | +9.6% | +19.4% | -6.5% | +10.4% | +11.0% | +2.5% | +6.6% | +19.9% | +8.2% | +4.2% | -30.1% |
| YoY Change | — | — | — | — | -3.9% | -1.6% | +0.1% | +22.3% | +31.6% | +40.9% | +65.3% | +41.8% | +35.0% | +36.7% | +17.4% | +33.9% | +45.6% | +42.0% | +44.3% | -5.4% |
Range$3.27B – $10.30B
CAGR+15.2%
Avg YoY Growth+27.9%
Median YoY Growth+34.4%
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Frequently Asked Questions
- What is Centene's commercial — medical costs?
- Centene (CNC) reported commercial — medical costs of $7.20B in Q1 2026.
- How has Centene's commercial — medical costs changed year-over-year?
- Centene's commercial — medical costs decreased by 5.4% year-over-year, from $7.61B to $7.20B.
- What is the long-term trend for Centene's commercial — medical costs?
- Over 4 years (2021 to 2025), Centene's commercial — medical costs has grown at a 25.9% compound annual growth rate (CAGR), from $14.69B to $36.90B.
- What does commercial — medical costs mean?
- The total cost of medical claims and healthcare services for commercial members.