Operating Expenses
Policyholder Benefits And Claims Incurred Net
Centene Policyholder Benefits And Claims Incurred Net decreased by 7.7% to $38.3B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.9%, from $36.5B to $38.3B. Over 3 years (FY 2022 to FY 2025), Policyholder Benefits And Claims Incurred Net shows an upward trend with a 12.2% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2022
Last reportedQ1 2026Apr 28, 2026
Metric ID:
operating_expenses_policyholder_benefits_and_claims_incu_84f983Historical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $27.88B | $27.88B | $27.88B | $27.88B | $29.43B | $29.35B | $29.48B | $30.63B | $30.93B | $30.77B | $32.2B | $31.81B | $36.5B | $38.81B | $40.9B | $41.49B | $38.3B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +5.6% | -0.3% | +0.4% | +3.9% | +1.0% | -0.5% | +4.7% | -1.2% | +14.8% | +6.3% | +5.4% | +1.4% | -7.7% |
| YoY Change | — | — | — | — | +5.6% | +5.3% | +5.7% | +9.9% | +5.1% | +4.8% | +9.2% | +3.8% | +18.0% | +26.1% | +27.0% | +30.4% | +4.9% |
Range$27.88B – $41.49B
CAGR+8.3%
Avg YoY Growth+12.0%
Median YoY Growth+5.7%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Medicaid | $18.77B | $19.82B | $19.44B | $20.84B | $20.58B | $21.61B | $21.41B | $21.96B |
| Medicare | $5.33B | $4.97B | $4.75B | $7.56B | $8.59B | $8.85B | $9.23B | $8.77B |
| Commercial | $6.27B | $6.96B | $7.13B | $7.61B | $9.12B | $9.88B | $10.3B | $7.2B |
| Other | $397M | $458M | $492M | $498M | $516M | $559M | $550M | $378M |
| Total | $30.77B | $32.2B | $31.81B | $36.5B | $38.81B | $40.9B | $41.49B | $38.3B |
Policyholder Benefits And Claims Incurred Net at Other Companies
Frequently Asked Questions
- What is Centene's policyholder benefits and claims incurred net?
- Centene (CNC) reported policyholder benefits and claims incurred net of $38.3B in Q1 2026.
- How has Centene's policyholder benefits and claims incurred net changed year-over-year?
- Centene's policyholder benefits and claims incurred net increased by 4.9% year-over-year, from $36.5B to $38.3B.
- What is the long-term trend for Centene's policyholder benefits and claims incurred net?
- Over 3 years (2022 to 2025), Centene's policyholder benefits and claims incurred net has grown at a 12.2% compound annual growth rate (CAGR), from $111.53B to $157.7B.