Centene CNC Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Commercial | $41.41B-1.4% | $42B+5.2% | $39.93B+6.1% | $37.64B+4.3% | $36.1B+7.1% | |
| Medicaid | $112.89B+2.2% | $110.43B+2.5% | $107.73B+1.4% | $106.2B+3.8% | $102.32B+0.9% | |
| Medicare | $38.78B+4.2% | $37.21B+12.5% | $33.08B+12.8% | $29.33B+13.4% | $25.86B+12.3% | |
| Other | $16.84B-0.1% | $16.85B+0.6% | $16.75B-0.6% | $16.85B-0.7% | $16.96B+0.5% | |
| Revenue from Contract with Customer, Including Assessed Tax by Business | ||||||
| Commercial | $41.41B-1.4% | $42B+5.2% | $39.93B+6.1% | $37.64B+4.3% | $36.1B+7.1% | |
| Medicaid | $112.89B+2.2% | $110.43B+2.5% | $107.73B+1.4% | $106.2B+3.8% | $102.32B+0.9% | |
| Medicare | $38.78B+4.2% | $37.21B+12.5% | $33.08B+12.8% | $29.33B+13.4% | $25.86B+12.3% | |
| Other | $5.03B-2.0% | $5.13B+0.2% | $5.12B+1.9% | $5.03B+0.3% | $5.01B+1.8% | |
| Segment gross margin by Business | ||||||
| Commercial | $4.92B-3.6% | $5.1B-17.6% | $6.19B-9.1% | $6.81B-16.2% | $8.13B+6.1% | |
| Medicaid | $5.88B+3.3% | $5.69B+4.5% | $5.45B+1.1% | $5.39B-6.0% | $5.73B-8.2% | |
| Medicare | $3.33B+11.7% | $2.98B-10.5% | $3.33B-3.9% | $3.47B+6.7% | $3.25B+25.4% | |
| Other | $445M+2.3% | $435M-8.6% | $476M+8.9% | $437M-12.6% | $500M-11.5% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Net by Business | ||||||
| Commercial | $21.32B+1.9% | $20.92B+6.1% | $19.71B+8.5% | $18.16B+7.2% | $16.94B+5.3% | |
| Medicaid | $43.52B+0.3% | $43.39B+0.2% | $43.31B+2.8% | $42.14B-0.1% | $42.17B+1.9% | |
| Medicare | $17.21B+1.9% | $16.89B+6.6% | $15.84B+5.1% | $15.08B+4.9% | $14.37B+0.4% | |
| Other | $450M-24.7% | $598M-14.7% | $701M-0.4% | $704M+5.5% | $667M+10.1% | |
| Medical costs by Business | ||||||
| Commercial | $36.49B-1.1% | $36.9B+9.4% | $33.74B+9.5% | $30.82B+10.2% | $27.97B+7.4% | |
| Medicaid | $85.56B+1.3% | $84.45B+2.4% | $82.47B+2.2% | $80.68B+2.3% | $78.86B+1.7% | |
| Medicare | $35.44B+3.6% | $34.23B+15.1% | $29.74B+15.0% | $25.86B+14.4% | $22.6B+10.6% | |
| Other | $2B-5.7% | $2.12B+2.8% | $2.07B+5.1% | $1.96B+6.4% | $1.85B+7.6% | |
| Cost of Services by Business | ||||||
| Commercial | $0— | $0— | $0— | $0— | $0— | |
| Medicaid | $97M-1.0% | $98M+1.0% | $97M+2.1% | $95M+3.3% | $92M+3.4% | |
| Medicare | $0— | $0— | $0— | $0— | $0— | |
| Other | $2.58B+0.2% | $2.57B-0.3% | $2.58B-1.6% | $2.62B-1.6% | $2.67B+1.0% | |
| Premium tax by Business | ||||||
| Commercial | $0— | $0— | $0— | $0— | $0— | |
| Medicaid | $21.35B+5.7% | $20.2B+2.5% | $19.71B-1.7% | $20.04B+13.7% | $17.63B+0.3% | |
| Medicare | $0— | $0— | $0— | $0— | $0— | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Reinsurance Recoverable for Unpaid Claims and Claims Adjustments by Business | ||||||
| Commercial | $230M+10.6% | $208M+6.7% | $195M+7.7% | $181M+1.7% | $178M+8.5% | |
| Medicaid | $61M-6.2% | $65M-3.0% | $67M-4.3% | $70M-1.4% | $71M+24.6% | |
| Current year by Business | ||||||
| Commercial | $32B-0.7% | $32.21B+11.2% | $28.98B+9.8% | $26.39B+10.2% | $23.94B+6.2% | |
| Medicaid | $76.97B+1.4% | $75.87B+4.1% | $72.92B+1.0% | $72.19B+3.8% | $69.52B+0.2% | |
| Medicare | $31.81B+3.8% | $30.65B+15.3% | $26.57B+16.5% | $22.8B+13.9% | $20.01B+11.0% | |
| Other | $1.95B-0.1% | $1.96B+2.5% | $1.91B+7.7% | $1.77B+9.1% | $1.62B+6.6% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims by Business | ||||||
| Commercial | $36.49B-1.1% | $36.9B+9.4% | $33.74B+9.5% | $30.82B+10.2% | $27.97B+7.4% | |
| Medicaid | $85.56B+1.3% | $84.45B+2.4% | $82.47B+2.2% | $80.68B+2.3% | $78.86B+1.7% | |
| Medicare | $35.71B+4.1% | $34.32B+15.5% | $29.71B+15.1% | $25.8B+14.0% | $22.63B+9.9% | |
| Other | $2B-5.7% | $2.12B+2.8% | $2.07B+5.1% | $1.96B+6.4% | $1.85B+7.6% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid by Business | ||||||
| Commercial | $36.09B+1.1% | $35.7B+10.9% | $32.19B+8.8% | $29.6B+9.2% | $27.11B+8.3% | |
| Medicaid | $85.44B+1.3% | $84.37B+3.8% | $81.3B+0.7% | $80.71B+3.4% | $78.07B0.0% | |
| Medicare | $35.13B+5.8% | $33.18B+14.5% | $28.98B+15.2% | $25.15B+11.6% | $22.54B+8.9% | |
| Other | $2.04B-3.5% | $2.12B+2.4% | $2.07B+7.3% | $1.93B+8.0% | $1.78B+8.7% | |
| Medical claims liability by Business | ||||||
| Commercial | $21.55B+2.0% | $21.12B+6.1% | $19.9B+8.5% | $18.34B+7.2% | $17.12B+5.4% | |
| Medicaid | $43.58B+0.3% | $43.46B+0.2% | $43.38B+2.8% | $42.21B-0.1% | $42.24B+1.9% | |
| Medicare | $17.21B+1.9% | $16.89B+6.6% | $15.84B+5.1% | $15.08B+4.9% | $14.37B+0.4% | |
| Other | $450M-24.7% | $598M-14.7% | $701M-0.4% | $704M+5.5% | $667M+10.1% | |
| Prior years by Business | ||||||
| Commercial | $4.09B+17.3% | $3.48B+7.1% | $3.25B+0.3% | $3.24B+1.3% | $3.2B+26.8% | |
| Medicaid | $8.47B-0.3% | $8.5B+1.4% | $8.38B-1.7% | $8.52B-0.3% | $8.55B-1.7% | |
| Medicare | $3.32B+31.1% | $2.53B+2.9% | $2.46B+2.4% | $2.4B-7.1% | $2.59B-4.7% | |
| Other | $88M-45.7% | $162M— | —— | —— | —— | |
| Premium and service revenues by Product | ||||||
| Premium and service revenues | $176.75B+1.2% | $174.58B+5.1% | $166.15B+5.1% | $158.15B+4.3% | $151.66B+4.2% | |
| Premium | $173.73B+1.3% | $171.56B+5.2% | $163.1B+5.2% | $155.09B+4.4% | $148.49B+4.3% | |
| Service | $3.02B-0.3% | $3.03B-0.9% | $3.05B-0.4% | $3.07B-3.3% | $3.17B-1.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Centene break its business down?
- Centene (CNC) reports total revenues by business across 4 parts — Commercial, Medicaid, Medicare and Other. Each is extracted from the segment footnotes and tracked over time.
- Where does Centene's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Centene's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
