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Centene CNC Medicaid — Medical claims liability

Other segment segments

Commercial
$5.12B+9.1%
Medicare
$4.07B+8.5%
Other
$29M-83.6%

Similar metrics at other companies

Molina Healthcare logo
MOHMedicaid — Liability for Claims and Claims Adjustment Expense
$3.82B+7.2%
Molina Healthcare logo
MOHMedicaid — Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims
$7.3B-0.6%
Molina Healthcare logo
MOHMedicaid — Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid
$7.41B+0.7%
Molina Healthcare logo
MOHMedicaid — Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years
$2.69B-2.6%
UnitedHealth Group logo
UNHLiability for Claims and Claims Adjustment Expense
$39.66B+6.8%
Molina Healthcare logo
MOHMedicaid — Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year
$4.72B+2.7%

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 us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense.

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 medicaid — medical claims liability?
Centene (CNC) reported medicaid — medical claims liability of $11.42B in Q1 2026.
How has Centene's medicaid — medical claims liability changed year-over-year?
Centene's medicaid — medical claims liability increased by 1.1% year-over-year, from $11.3B to $11.42B.
What is the long-term trend for Centene's medicaid — medical claims liability?
Over 3 years (2022 to 2025), Centene's medicaid — medical claims liability has grown at a -0.7% compound annual growth rate (CAGR), from $44.36B to $43.46B.
What does medicaid — medical claims liability mean?
Represents the total estimated financial obligation for medical services provided to Medicaid members that have been incurred but not yet paid or fully processed. This liability is a critical indicator of the company's future cash outflows related to its managed care obligations.