A global health crisis continued to drive revenue growth at Centene, a health insurer with considerable exposure to the Medicaid and Affordable Care Act marketplaces. Revenue increased 13.4% in 2021, to $126 billion, and as of early 2022, Centene’s managed care membership had increased by 1.9 million over the previous year. In January 2022, Centene acquired Magellan Health for $2.2 billion, expanding its behavioral-health offerings. The company is also coping with a loss in the corner office: In April 2022, CEO Michael F. Neidorff, who headed Centene for more than 25 years, passed away after a long illness. Sarah London, formerly vice chairwoman, is now chief executive.
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Company Information
As of 2/1/2023
Country
U.S.
Headquarters
St. Louis
Industry
Health Care: Insurance and Managed Care
CEO
Sarah M. London
Website
Company Type
Public
Ticker
CNC
Revenues ($M)
$141,554
Profits ($M)
$2,014
Market Value ($M)
$43,121
Employees
83,200
Figures are for the latest twelve months ended Sept. 30, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$125,982
13.4%
Profits ($M)
$1,347
-25.5%
Assets ($M)
$78,375
-
Total Stockholder Equity ($M)
$26,795
-
Profit Ratios
Profit as % of Revenues
1.1%
Profits as % of Assets
1.7%
Profits as % of Stockholder Equity
5%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
228
EPS % Change (from 2020)
-26.9%
EPS % Change (5 year annual rate)
5.9%
EPS % Change (10 year annual rate)
15.7%
Total Return
Total Return to Investors (2021)
37.3%
Total Return to Investors (5 year, annualized)
23.9%
Total Return to Investors (10 year, annualized)
23.6%
Centene Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 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 |
| 2017 | $40,72178.6% | $56258.3% | $20,197 | $5,895 |
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