Centene — Feb 6, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001071739-26-000031
Showing in the filing
Premium and service revenues (in billions)
“$170.0” – “$174.0”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
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
Full Year 2026 GAAP diluted EPS > $1.98 Adjusted diluted EPS (1) > $3.00 (1) A full reconciliation of adjusted diluted EPS is shown in the Non-GAAP Financial Presentation section of this release. Full Year 2026 Low High Total revenues (in billions) $ 186.5 $ 190.5 Premium and service revenues (in billions) $ 170.0 $ 174.0 HBR 90.9 % 91.7 % SG&A expense ratio 7.1 % 7.7 % Adjusted SG&A expense ratio (2) 7.1 % 7.7 % Effective tax rate 27.0 % 28.0 % Adjusted effective tax rate (3) 26.0 % 27.0 % Diluted shares outstanding (in millions) 495.6 498.6 (2) Adjusted SG&A expense ratio excludes acquisition and divestiture related expenses of approximately $300 thousand. (3) Adjusted effective tax rate excludes income tax effects of adjustments of approximately $161 million to $164 million. For additional guidance details, please see the 2026 Guidance Presentation referenced at Exhibit 99.2. Conference Call As previously announced, the Company will host a conference call Friday, February 6, 2026, at 9:00 a.m. ET to review the financial results for the fourth quarter and year ended December 31, 2025. Investors and other interested parties are invited to listen to the conference call by dialing 1-877-883-0383 in the U.S. and Canada; +1-412-902-6506 from abroad, including the following Elite Entry Number: 2815529 to expedite caller registration; or via a live, audio webcast on the Company's website at www.centene.com , under the Investors section. A webcast replay will be available for on-de
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.