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Centene CNC Reserve for insurance claims

Reserve for insurance claims at other companies

Humana logo
HumanaHUM
$8.9B+23.6%
UnitedHealth Group logo
UnitedHealth GroupUNH
$27.6B+6.6%
Molina Healthcare logo
Molina HealthcareMOH
$4.94B+2.9%
Oscar Health logo
Oscar HealthOSCR
$1.73B+18.3%
Astrana Health logo
Astrana HealthASTH
$439.26M+115%
Alignment Healthcare logo
Alignment HealthcareALHC

Segments

By segment

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Medicaid$11.42B+1.1%
Commercial$5.12B+9.1%
Medicare$4.07B+8.5%
Other$29M-83.6%

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 reserve for insurance claims?
Centene (CNC) reported reserve for insurance claims of $20.63B in Q1 2026.
How has Centene's reserve for insurance claims changed year-over-year?
Centene's reserve for insurance claims increased by 3.6% year-over-year, from $19.91B to $20.63B.
What is the long-term trend for Centene's reserve for insurance claims?
Over 5 years (2020 to 2025), Centene's reserve for insurance claims has grown at a 10.6% compound annual growth rate (CAGR), from $12.44B to $20.54B.
What does reserve for insurance claims mean?
This represents the estimated liability for medical claims that have been incurred but not yet paid, including those that have been reported and those that have been incurred but not reported (IBNR). It is a critical actuarial estimate that directly impacts the company's profitability and financial stability. Accurate estimation is essential for maintaining adequate capital reserves to meet regulatory requirements.