Skip to Content
  • Previous Rank210
  • Country
    U.S.
  • Revenues ($M)$60,116.00
  • Revenue Percent Change23.8%
  • Profits ($M)$900
  • Profits Percent Change8.7%
  • Assets ($M)$30,901.00
  • Employees47,300

Centene has largely ignored the political rollercoaster rocking the Affordable Care Act in recent years and stuck to the health law’s individual insurance marketplaces, offering Obamacare coverage in 20 states in 2019. Last year, the strategy continued to pay off, with Centene counting an additional 1.8 million members (up 15% from 2017) in its managed care plans—including more than 500,000 new members in individual insurance marketplaces—as other firms exited the exchanges. Like many health insurers, Centene took a hit from the return of Obamacare fees on insurers. Still, annual revenues grew 24% to $60.1 billion. This year, the company is trying to deepen its footprint in government-associated plans with a proposed acquisition of rival WellCare, which shareholders approved in March.

Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

Company Information

CEO
Michael F. Neidorff
Sector
Health Care
Industry
Health Care: Insurance and Managed Care
HQ Location
St. Louis
Websitehttps://www.centene.com
Years on Global 500 List4
Employees47,300

Centene Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$60,116.0023.8%
Profits ($M)$9008.7%
Assets ($M)$30,901.00-
Total Stockholder Equity ($M)$10,917.00-

Profit Ratios

Profit as % of Revenues1.5%
Profits as % of Assets2.9%
Profits as % of Stockholder Equity8.2%