The health care company, led by CEO Sarah London, focuses on insurance plans offered through Medicaid and the Affordable Care Act. Revenue was up 15% in 2022 from the previous year.
  • Centene’s $2.2 billion acquisition of behavioral-health specialist Magellan Health, completed in January 2022, was cited by the company as a major factor in its revenue growth for the year.
  • Elsewhere, Centene has been divesting itself of “noncore” subsidiaries in an ongoing review of its portfolio. Divisions that it has sold off include Magellan’s pharmacy and specialty-health units. In May 2023, Centene announced it would divest its A.I.-powered health care analytics company Apixio.
Courtesy of Centene

Company Information

As of 6/5/23
Country
U.S.
Headquarters
St. Louis
Industry
Health Care: Insurance and Managed Care
CEO
Sarah M. London
Company Type
Public
Ticker
CNC
Revenues ($M)
$144,547
Profits ($M)
$1,202
Market Value ($M)
$34,810
Employees
74,300
Market value as of March 31, 2023.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$144,547
14.7%
Profits ($M)
$1,202
-10.8%
Assets ($M)
$76,870
-
Total Stockholder Equity ($M)
$24,057
-

Profit Ratios

Profit as % of Revenues
0.8%
Profits as % of Assets
1.6%
Profits as % of Stockholder Equity
5%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
2.07
EPS % Change (from 2021)
-9.2%
EPS % Change (5 year annual rate)
-2.5%
EPS % Change (10 year annual rate)
75.4%

Total Return

Total Return to Investors (2022)
-0.5%
Total Return to Investors (5 year, annualized)
10.2%
Total Return to Investors (10 year, annualized)
23.1%

Centene Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2022$125,98213.4%$1,347-25.5%$78,375$26,795
2021$111,11548.9%$1,80836.9%$68,719$25,773
2020$74,63924.2%$1,32146.8%$40,994$12,551
2019$60,11623.8%$9008.7%$30,901$10,917
2018$48,57219.3%$82847.3%$21,855$6,850
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