Centene CNC Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total revenues by Business | |||||
| Commercial | $42B+24.6% | $33.7B+35.6% | $24.85B+43.0% | $17.38B+2.5% | |
| Medicaid | $110.43B+8.9% | $101.42B+0.7% | $100.76B+8.2% | $93.15B+10.7% | |
| Medicare | $37.21B+61.6% | $23.03B+3.5% | $22.26B-1.0% | $22.48B+28.4% | |
| Other | $16.85B-0.1% | $16.88B+0.9% | $16.74B-33.6% | $25.19B+6.5% | |
| Revenue from Contract with Customer, Including Assessed Tax by Business | |||||
| Commercial | $42B+24.6% | $33.7B+35.6% | $24.85B+43.0% | $17.38B+2.5% | |
| Medicaid | $110.43B+8.9% | $101.42B+0.7% | $100.76B+8.2% | $93.15B+10.7% | |
| Medicare | $37.21B+61.6% | $23.03B+3.5% | $22.26B-1.0% | $22.48B+28.4% | |
| Other | $5.13B+4.3% | $4.92B-19.8% | $6.13B-46.8% | $11.53B+56.4% | |
| Segment gross margin by Business | |||||
| Commercial | $5.1B-33.4% | $7.66B+52.4% | $5.03B+53.0% | $3.29B+45.0% | |
| Medicaid | $5.69B-8.9% | $6.25B-27.7% | $8.64B-1.6% | $8.79B-2.8% | |
| Medicare | $2.98B+15.0% | $2.6B-9.5% | $2.87B-7.9% | $3.11B+37.3% | |
| Other | $435M-23.0% | $565M-48.6% | $1.1B-36.5% | $1.73B+88.8% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Net by Business | |||||
| Commercial | $20.92B+30.1% | $16.08B+47.2% | $10.93B+45.4% | $7.52B— | |
| Medicaid | $43.39B+4.9% | $41.37B-7.2% | $44.57B+0.6% | $44.32B— | |
| Medicare | $16.89B+18.0% | $14.31B+6.6% | $13.42B+1.8% | $13.18B— | |
| Other | $598M-1.3% | $606M+29.2% | $469M-51.7% | $971M— | |
| Plus: Divestitures by Business | |||||
| Commercial | $0— | —— | —— | —— | |
| Medicaid | $0— | —— | —— | —— | |
| Medicare | $0— | —— | —— | —— | |
| Other | -$109M— | —— | —— | —— | |
| Medical costs by Business | |||||
| Commercial | $36.9B+41.7% | $26.04B+31.4% | $19.82B+40.6% | $14.09B-4.1% | |
| Medicaid | $84.45B+8.9% | $77.52B-0.9% | $78.21B+3.9% | $75.3B+12.2% | |
| Medicare | $34.23B+67.5% | $20.44B+5.4% | $19.39B+0.1% | $19.37B+27.1% | |
| Other | $2.12B+23.8% | $1.72B+16.4% | $1.47B-46.7% | $2.77B+77.0% | |
| Cost of Services by Business | |||||
| Commercial | $0— | $0— | $0— | $0— | |
| Medicaid | $98M+10.1% | $89M+2,125% | $4M— | $0— | |
| Medicare | $0— | $0— | $0— | $0— | |
| Other | $2.57B-2.6% | $2.64B-25.8% | $3.56B-49.4% | $7.03B+43.7% | |
| Premium tax by Business | |||||
| Commercial | $0— | $0— | $0— | $0— | |
| Medicaid | $20.2B+15.0% | $17.57B+26.3% | $13.9B+53.3% | $9.07B+13.4% | |
| Medicare | $0— | $0— | $0— | $0— | |
| Other | $0— | $0— | $0— | $0— | |
| Reinsurance Recoverable for Unpaid Claims and Claims Adjustments by Business | |||||
| Commercial | $208M+26.8% | $164M+39.0% | $118M+521% | $19M— | |
| Medicaid | $65M+14.0% | $57M+148% | $23M-36.1% | $36M— | |
| Current year by Business | |||||
| Commercial | $32.21B+42.9% | $22.55B+34.0% | $16.82B+34.0% | $12.56B-2.2% | |
| Medicaid | $75.87B+9.4% | $69.35B-0.8% | $69.9B+5.6% | $66.22B+10.7% | |
| Medicare | $30.65B+69.9% | $18.04B+8.4% | $16.63B+2.2% | $16.28B+22.6% | |
| Other | $1.96B+28.4% | $1.52B+11.3% | $1.37B-50.2% | $2.75B+86.4% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims by Business | |||||
| Commercial | $36.9B+41.7% | $26.04B+31.4% | $19.82B+40.6% | $14.09B-4.1% | |
| Medicaid | $84.45B+8.9% | $77.52B-0.9% | $78.21B+3.9% | $75.3B+12.2% | |
| Medicare | $34.32B+66.6% | $20.6B+7.6% | $19.14B-1.2% | $19.37B+27.1% | |
| Other | $2.12B+23.8% | $1.72B+16.4% | $1.47B-46.7% | $2.77B+77.0% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid by Business | |||||
| Commercial | $35.7B+42.6% | $25.04B+36.8% | $18.3B+28.9% | $14.2B-1.9% | |
| Medicaid | $84.37B+8.1% | $78.04B-0.8% | $78.65B+6.5% | $73.87B+12.2% | |
| Medicare | $33.18B+60.4% | $20.69B+7.7% | $19.21B+5.4% | $18.23B+21.7% | |
| Other | $2.12B+29.0% | $1.64B+9.4% | $1.5B-47.0% | $2.83B+85.8% | |
| Medical claims liability by Business | |||||
| Commercial | $21.12B+30.0% | $16.24B+47.1% | $11.04B+46.6% | $7.54B— | |
| Medicaid | $43.46B+4.9% | $41.43B-7.1% | $44.59B+0.5% | $44.36B— | |
| Medicare | $16.89B+18.0% | $14.31B+6.6% | $13.42B+1.8% | $13.18B— | |
| Other | $598M-1.3% | $606M+29.2% | $469M-51.7% | $971M— | |
| Prior years by Business | |||||
| Commercial | $3.48B+38.0% | $2.52B+70.6% | $1.48B-10.3% | $1.65B+0.7% | |
| Medicaid | $8.5B-2.2% | $8.69B-0.6% | $8.74B+14.2% | $7.65B+27.8% | |
| Medicare | $2.53B-6.6% | $2.71B+5.1% | $2.58B+31.5% | $1.96B+15.7% | |
| Other | $162M— | —— | —— | $83M+69.4% | |
| Premium and service revenues by Product | |||||
| Premium and service revenues | $174.58B+20.0% | $145.51B+3.9% | $140.1B+3.4% | $135.48B+14.8% | |
| Premium | $171.56B+20.6% | $142.3B+4.9% | $135.64B+6.7% | $127.13B+13.2% | |
| Service | $3.03B-5.5% | $3.2B-28.2% | $4.46B-46.6% | $8.35B+47.4% |
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.
