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Centene — Feb 6, 2026 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001071739-26-000031
Open on SEC.gov ↗
Showing in the filing
Adjusted diluted EPS
“greater than $3.00”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 9
Adjusted diluted EPS for FY2026
“greater than $3.00”
GAAP diluted EPS for FY2026
“> $1.98”
Total revenues (in billions) for FY2026
“$186.5” – “$190.5”
Premium and service revenues (in billions) for FY2026
“$170.0” – “$174.0”
HBR for FY2026
“90.9%” – “91.7%”
Adjusted SG&A expense ratio (2) for FY2026
“7.1%” – “7.7%”
Effective tax rate for FY2026
“27.0%” – “28.0%”
Adjusted effective tax rate (3) for FY2026
“26.0%” – “27.0%”
Diluted shares outstanding (in millions) for FY2026
“495.6” – “498.6”
Exhibit 99.1 · the passage around this item
… earlier in the release
"We are pleased to end a challenging year carrying positive momentum from the extensive and decisive actions taken in the back half of 2025 with the goal of restoring Marketplace profitability and stabilizing the trajectory of our Medicaid business," said Chief Executive Officer of Centene, Sarah M. London. "As we look to 2026, we are positioned to deliver meaningful margin improvement and renewed adjusted diluted EPS growth. We expect full year 2026 adjusted diluted EPS to be greater than $3.00, marking important progress toward restoring the enterprise's embedded earnings power all while continuing to work to provide access to affordable, high-quality care for our members." 1 Other Events • In December 2025, Centene signed a definitive agreement to divest the remaining Magellan Health businesses. As a result, the Company recorded non-cash impairment charges associated with the pending divestiture totaling $513 million, or $389 million after-tax. Awards & Community Engagement • In November, the Centene Foundation and five Centene subsidiaries – Buckeye Health Plan, Sunshine Health, Carolina Complete Health, Meridian Health Plan of Illinois, and Superior HealthPlan – announced a number of contributions to support food banks and community-based organizations addressing food insecurity following disruptions to the Supplemental Nutrition Assistance Program (SNAP) and the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). • In November, Health Net, a Centene subsidiary, announced the renewal of its partnership with LA Family Housing to support initiatives aimed at increasing access to stable, affordable housing and to build infrastructure for whole
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.