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 $60.1 billion. This year, the company is trying to deepen its footprint in government-associated plans with a proposed acquisition of rival WellCare.
Company Info
| CEO | Michael F. Neidorff |
| CEO Title | Chairman & Chief Executive Officer |
| Sector | Health Care |
| Industry | Health Care: Insurance and Managed Care |
| HQ Location | St. Louis, Mo. |
| Website | www.centene.com |
| Years on Fortune 500 List | 10 |
| Employees | 47,300 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $60,116 |
| Profits ($M) | $900 |
| Assets ($M) | $30,901 |
| Total Stockholder Equity ($M) | $10,917 |
Profit Ratios
| Profit as % of Revenues | 1.5% |
| Profits as % of Assets | 2.9% |
| Profits as % of Stockholder Equity | 8.2% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | 2 |
| EPS % Change (from 2017) | -3.6% |
| EPS % Change (5 year annual rate) | 25.2% |
| EPS % Change (10 year annual rate) | 17.0% |
Total Return
| Total Return to Investors (2018) | 14.3% |
| Total Return to Investors (5 year, annualized) | 31.4% |
| Total Return to Investors (10 year, annualized) | 27.9% |