Centene (CNC) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 6, 2026 astatine 9:33 AM CST 50 min read

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Friday, Feb. 6, 2026 astatine 9:00 a.m. ET

• Chief Executive Officer — Sarah London

• Executive Vice President and Chief Financial Officer — Drew Asher

• Senior Vice President, Investor Relations — Jennifer Gilligan

Operator: Good day. And invited to the Centene Corporation Fourth Quarter and Full Year 2025 Earnings Conference Call. All participants volition beryllium successful listen-only mode. After today's presentation, determination volition beryllium an accidental to inquire questions. Please note, today's lawsuit is being recorded. I would present similar to crook the league implicit to Jennifer Gilligan, Senior Vice President, Investor Relations. Please spell ahead.

Jennifer Gilligan: Thank you, Rocco, and bully morning, everyone. Thank you for joining america connected our 4th fourth and year-end 2025 net results league call. Sarah London, Chief Executive Officer, and Drew Asher, Executive Vice President and Chief Financial Officer, of Centene volition big this morning's call, which besides tin beryllium accessed done our website astatine centene.com. Also, slides tin beryllium recovered connected our website alongside the webcast. Any remarks that Centene whitethorn marque astir aboriginal expectations, plans, and prospects represent forward-looking statements for the intent of the harmless harbor proviso nether the Private Securities Litigation Reform Act of 1995. Specifically, our commentary connected 2026, including drivers of adjusted diluted net per stock for 2026, are forward-looking statements.

Actual results whitethorn disagree materially from those indicated by those forward-looking statements arsenic a effect of assorted important factors, including those discussed successful our 4th fourth and year-end 2025 property merchandise and 2026 guidance presumption filed this morning, and different nationalist SEC filings, which are disposable connected the company's website nether the Investors section. Centene anticipates that consequent events and developments whitethorn origin its estimates to change. While the institution whitethorn elite to update these forward-looking statements astatine immoderate constituent successful the future, we specifically disclaim immoderate work to bash so. We volition besides notation to definite non-GAAP measures.

A reconciliation of these measures with the astir straight comparable GAAP measures tin beryllium recovered successful our 4th fourth and year-end 2025 property merchandise and 2026 guidance presentation. With that, I would similar to crook the telephone implicit to our CEO, Sarah London. Sarah?

Sarah London: Thank you, Jen, and acknowledgment everyone for joining us. This morning, we reported a 4th fourth adjusted diluted nonaccomplishment per stock of $1.19, contributing to our afloat twelvemonth 2025 adjusted diluted EPS of $2.08. While 2025 was undeniably challenging, disciplined execution enabled america to adjacent the twelvemonth somewhat up of the expectations we outlined connected our 3rd 4th call. Medicaid profitability improved, strengthening the trajectory of our largest business. Underlying aesculapian outgo inclination wrong marketplace and crossed the Medicare conception was successful enactment to somewhat favorable arsenic we closed retired Q4, and some segments delivered 2026 enrollment results accordant with our expectations, creating a coagulated instauration for adjacent year's net power.