What is Centene's commercial — premium tax?

Centene (CNC) reported commercial — premium tax of $0 in Q1 2026.

What does commercial — premium tax mean?

This represents the taxes levied by state or federal authorities based on the premiums collected from members. It is a mandatory cost of doing business in the managed care industry.

Centene CNC Commercial — Premium tax

Other segment segments

Medicaid

$5.29B+28.0%

Medicare

$0—

Other

$0—

Similar metrics at other companies

FAFCorporate — Premium Taxes

$0—

FAFPremium Taxes

$21.1M+21.3%

ESN

ESNTPremium and other taxes

$6.45M-6.6%

GLHealth — Premium taxes

$8.22M+9.7%

MOHPremium tax expenses

$504M+29.9%

GLLife — Premium taxes

$17.77M-1.3%

Other financials

Income statement

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Revenue$49.9B+7.1%

Gross profit$49.2B+7.2%

Operating income$1.9B+21.3%

Net income$1.5B+17.5%

EPS (diluted)$3.11+18.3%

Balance sheet

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Cash & equivalents$21.3B+43.5%

Total debt$16.4B-10.6%

Total equity$21.4B-23.2%

Total assets$81.2B-6.7%

Cash flow

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Operating cash flow$4.4B+189%

CapEx$200.0M+48.1%

Free cash flow$4.2B+203%

Valuation

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Market cap$32.46B+20.7%

Enterprise value$27.56B-8.0%

P/S0.2×0.0×

Profitability

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Gross margin98.7%+0.3pp

Operating margin-3.7%-5.8pp

Net margin-3.3%-5.3pp

FCF margin3.6%+2.7pp

Returns & leverage

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Return on equity-26.1%-38.7pp

Debt / equity0.8×+0.1×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Centene in its filing.

Tagged under the XBRL concept cnc:PremiumTaxRevenue.

The official record: Centene’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Centene's commercial — premium tax?: Centene (CNC) reported commercial — premium tax of $0 in Q1 2026.
What does commercial — premium tax mean?: This represents the taxes levied by state or federal authorities based on the premiums collected from members. It is a mandatory cost of doing business in the managed care industry.