What is Centene's medicare — plus: premium deficiency reserve?

Centene (CNC) reported medicare — plus: premium deficiency reserve of $0 in Q1 2026.

How has Centene's medicare — plus: premium deficiency reserve changed year-over-year?

Centene's medicare — plus: premium deficiency reserve decreased by 100.0% year-over-year, from $270M to $0.

What does medicare — plus: premium deficiency reserve mean?

This represents a reserve established when the expected future costs of a group of insurance contracts exceed the anticipated premiums. It is a forward-looking indicator of potential underwriting losses.

Centene CNC Medicare — Plus: Premium deficiency reserve

Similar metrics at other companies

EIGPremium Deficiency

$0—

CLOVInsurance segment — Premium deficiency reserve benefit

$0—

MOHMedicare — Prior years

-$71M-26.8%

MOHMedicare — Premium revenue

$1.52B+3.3%

WRBReinsurance & Monoline Excess — Reserve for Losses and Loss Expenses

$3.62B+4.0%

ALKSMedicare Part D — Accrued Sales Discounts Allowances And Reserves

$25.49M+11.3%

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:PremiumDeficiencyReserveLiability.

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 medicare — plus: premium deficiency reserve?: Centene (CNC) reported medicare — plus: premium deficiency reserve of $0 in Q1 2026.
How has Centene's medicare — plus: premium deficiency reserve changed year-over-year?: Centene's medicare — plus: premium deficiency reserve decreased by 100.0% year-over-year, from $270M to $0.
What does medicare — plus: premium deficiency reserve mean?: This represents a reserve established when the expected future costs of a group of insurance contracts exceed the anticipated premiums. It is a forward-looking indicator of potential underwriting losses.