Centene — Apr 25, 2025 release

• 17% year-over-year premium and service revenue growth. • Membership increases of 29% in Marketplace and 22% in Medicare PDP, compared to the first quarter of 2024. • Increased 2025 premium and service revenues guidance by $6.0 billion driven by outperformance in Marketplace enrollment and Medicare member retention. ST. LOUIS, April 25, 2025 -- Centene Corporation (NYSE: CNC) (the Company) announced today its financial results for the first quarter ended March 31, 2025. In summary, the 2025 first quarter results were as follows: Total revenues (in millions) $ 46,620  Premium and service revenues (in millions) $ 42,489  Health benefits ratio 87.5  % SG&A expense ratio 7.9  % Adjusted SG&A expense ratio (1) 7.9  % GAAP diluted EPS $ 2.63  Adjusted diluted EPS (1) $ 2.90  Total cash flow provided by operations (in millions) $ 1,510  (1) Represents a non-GAAP financial measure. A full reconciliation of the adjusted diluted earnings per share (EPS) and adjusted selling, general and administrative (SG&A) expenses is shown in the Non-GAAP Financial Presentation section of this release. "Our first quarter results demonstrate the resiliency of Centene's platform and the progress we are making as an organization while navigating a dynamic policy landscape," said Chief Executive Officer of Centene, Sarah M. London. "We are pleased to reiterate our full year 2025 adjusted diluted earnings per share outlook of greater than $