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Centene CNC Medicaid — Prior years

Other segment segments

Commercial
$3.25B+22.8%
Medicare
$2.71B+40.9%
Other
$76M-49.3%

Similar metrics at other companies

Molina Healthcare logo
MOHMedicaid — Prior years
-$153M+1.9%
Molina Healthcare logo
MOHMedicaid — Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years
$2.69B-2.6%
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MOHMedicare — Prior years
-$71M-26.8%
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MOHOther — Prior years
-$3M
Progressive logo
PGRPrior years
-$451M-62.2%
ESN
ESNTPrior years
-$25.2M-38.4%

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:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1.

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 — prior years?
Centene (CNC) reported medicaid — prior years of $6.82B in Q1 2026.
How has Centene's medicaid — prior years changed year-over-year?
Centene's medicaid — prior years decreased by 0.4% year-over-year, from $6.85B to $6.82B.
What is the long-term trend for Centene's medicaid — prior years?
Over 4 years (2021 to 2025), Centene's medicaid — prior years has grown at a 9.2% compound annual growth rate (CAGR), from $5.99B to $8.5B.
What does medicaid — prior years mean?
Represents the development of claims liabilities from previous fiscal years, reflecting adjustments made to original estimates as more information becomes available. This captures the accuracy of historical reserving practices.