Core Viewpoint - Health Net, a subsidiary of Centene Corporation, is supporting National No One Eats Alone Day on February 14, 2025, to combat social isolation among students and promote a sense of belonging [1][2][6]. Group 1: Company Initiatives - Health Net is actively involved in initiatives aimed at fostering inclusion and reducing social isolation among youth, emphasizing the importance of community well-being [2][3]. - The Centene Foundation, the philanthropic arm of Centene Corporation, is sponsoring events related to No One Eats Alone Day, providing resources to schools at no charge [1][7]. - Participating schools will receive a "Belonging Box" containing lesson plans and materials to help students connect and build relationships [4][7]. Group 2: Impact on Youth - Social isolation is linked to serious mental and physical health issues, making initiatives like No One Eats Alone Day crucial for student well-being [2][6]. - The program encourages peer-to-peer support, which helps build self-esteem and a culture of belonging in schools [2][3]. - In 2024, the Centene Foundation registered 443 schools across 12 states to participate, aiming to reach over 1.5 million students nationwide [7]. Group 3: Partnerships and Collaborations - Beyond Differences, a nonprofit organization, established the No One Eats Alone initiative and has been providing free Social Emotional Learning programs since 2010 [3][11]. - Sandy Hook Promise, which focuses on preventing violence in schools, has integrated with Beyond Differences to enhance youth-centered initiatives [3][10]. - The collaboration aims to empower students and create a safer, more supportive school environment [4][10].

Core Insights - The Centene Foundation and 'Ohana Health Plan have awarded a $550,000 grant to Hawai'i Island Community Health Center (HICHC) to fund a mobile health clinic aimed at improving access to health services for underserved students in rural Hawai'i Island [1][2][3] Group 1: Grant and Project Overview - The grant will support HICHC's "Gateway to Health" project over two years, focusing on expanding school-based health services through a new mobile health clinic [1][2] - The mobile health clinic will provide medical, dental, and mental health services directly to students in rural areas, addressing the lack of access to healthcare facilities [2][3] Group 2: Impact on Students and Communities - The initiative aims to enhance students' health, thereby improving their academic performance and reducing absenteeism [2][3] - HICHC currently operates School-Based Health Centers (SBHCs) across five locations, serving eight schools, which help eliminate barriers to care such as transportation issues [3][5] Group 3: Organizational Background - HICHC is one of the largest Federally Qualified Health Centers in Hawai'i, employing over 400 healthcare professionals and serving 40,000 residents across 14 locations [5] - 'Ohana Health Plan provides managed care services primarily through Medicaid and Medicare, focusing on families and individuals with complex medical needs [6] - The Centene Foundation is dedicated to investing in economically challenged communities and improving health equity through various initiatives [7]

Core Viewpoint - Centene Corporation (CNC) reported strong fourth-quarter 2024 results, with adjusted earnings per share (EPS) of 80 cents, exceeding estimates by 63.3% and showing a year-over-year increase of 77.8% [1][2]. Financial Performance - Revenues for the quarter reached $40.8 billion, a 3.4% increase year over year, surpassing the consensus estimate by 4.8% [2]. - Medicaid revenues decreased by 1% to $20.8 billion, while Medicare revenues grew by 4% to $5.5 billion. Commercial revenues saw a significant increase of 18% to $8.7 billion [3]. - Total premiums amounted to $35.5 billion, up 3.8% year over year, exceeding the consensus estimate of $34.7 billion [4]. - Service revenues fell by 29.7% to $777 million, missing the consensus mark [5]. - Investment and other income decreased by 14.2% to $344 million, also falling short of estimates [5]. Membership and Operational Metrics - Total membership reached 28.6 million, a 4.1% increase year over year, with notable growth in the Commercial Marketplace business [6]. - The Health Benefits Ratio (HBR) deteriorated by 10 basis points to 89.6% [6]. - Adjusted net earnings rose by 68.3% to $404 million [6]. Expense Management - Total operating expenses increased by 2.5% to $40.6 billion, driven by higher medical costs and premium tax expenses [7]. - The adjusted SG&A expense ratio improved by 80 basis points to 8.9%, attributed to the divestiture of Circle Health Group and cost leveraging [8]. Cash and Debt Position - As of December 31, 2024, cash and cash equivalents stood at $14.1 billion, down 18.2% from the previous year [9]. - Total assets decreased by 2.6% to $82.4 billion, while long-term debt rose by 4% to $18.4 billion [9]. Full-Year Overview - For the full year 2024, total revenues reached $163.1 billion, a 5.9% increase, with adjusted EPS of $7.17, up 7.3% year over year [12]. - Total operating expenses for the year rose by 5.8% to $159.9 billion [12]. Share Repurchase Activity - Centene repurchased $3 billion in common shares during 2024, with $2.2 billion remaining under the share repurchase authorization as of February 4, 2025 [13]. 2025 Guidance - Management projects premium and service revenues between $158 billion and $160 billion for 2025, indicating a growth of 9.3% from 2024 [14]. - Adjusted EPS is expected to exceed $7.25, reflecting a 1.1% increase from 2024 [14].

Group 1 - Centene Corporation held its Fourth Quarter and Full Year 2024 Earnings Conference Call on February 4, 2025 [2] - The call was hosted by Jennifer Gilligan, Senior Vice President of Finance and Investor Relations, along with CEO Sarah London and CFO Drew Asher [3] - The event was recorded and participants were initially in listen-only mode [2] Group 2 - The company provided forward-looking statements regarding future expectations, plans, and prospects, which are protected under the Private Securities Litigation Reform Act of 1995 [4] - Actual results may differ materially from the forward-looking statements due to various important factors [4]

Core Insights - Centene reported revenue of $40.81 billion for the quarter ended December 2024, reflecting a year-over-year increase of 3.4% and surpassing the Zacks Consensus Estimate of $38.96 billion by 4.75% [1] - The company's EPS for the quarter was $0.80, significantly higher than the $0.45 reported in the same quarter last year, resulting in an EPS surprise of 63.27% compared to the consensus estimate of $0.49 [1] Financial Performance Metrics - Total Medical Health Benefits loss ratio was reported at 89.6%, slightly better than the average estimate of 90% from five analysts [4] - Membership in Traditional Medicaid reached 11.41 million, exceeding the average estimate of 11.38 million [4] - Total Medicaid membership was reported at 13 million, above the average estimate of 12.98 million [4] - High Acuity Medicaid membership was consistent with estimates at 1.6 million [4] - Premium and service revenues totaled $36.30 billion, surpassing the average estimate of $35.50 billion and showing a year-over-year increase of 2.7% [4] - Premium revenues were reported at $35.52 billion, exceeding the estimate of $34.71 billion and reflecting a 3.8% year-over-year increase [4] - Service revenues were $777 million, slightly below the average estimate of $782.17 million, marking a significant year-over-year decline of 29.8% [4] - Premium tax revenues reached $4.51 billion, well above the average estimate of $3.07 billion, representing a year-over-year increase of 9.4% [4] - Commercial premium and service revenues were reported at $8.72 billion, exceeding the estimate of $8.47 billion and showing a year-over-year increase of 17.8% [4] - Medicare premium and service revenues were $5.48 billion, slightly below the average estimate of $5.70 billion, with a year-over-year increase of 3.5% [4] - Medicaid premium and service revenues totaled $20.83 billion, surpassing the average estimate of $20.16 billion, but reflecting a year-over-year decline of 1.4% [4] - Other premium and service revenues were reported at $1.27 billion, exceeding the estimate of $1.19 billion, but showing a year-over-year decline of 16.8% [4] Stock Performance - Centene's shares have returned 3.4% over the past month, outperforming the Zacks S&P 500 composite, which saw a 1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Centene (CNC) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 63.27%. A quarter ago, it was expected that this healthcare company would post earnings of $1.39 per share when it actually produced earnings of $1.62, delivering a surprise of 16.55%.Over the last four quarters, the compan ...

Centene reported $3.3 billion in 2024 profits as Obamacare enrollment and premium revenue helped ... [+] overcome a big dip in Medicaid enrollment. In this photo, the building housing Centene Corporation headquarters is seen Thursday, July 2, 2015, in Clayton, Mo. (AP Photo/Jeff Roberson)ASSOCIATED PRESSCentene Tuesday reported $3.3 billion in 2024 profits as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.Centene, which sells an array of government subsidized healt ...

-- 2024 Full Year Diluted EPS of $6.31; Adjusted Diluted EPS of $7.17 -- 2024 adjusted diluted EPS of $7.17, up 7% from $6.68 in 2023. Membership increases of 12% in Marketplace and 50% in Medicare PDP, compared to the fourth quarter of 2023. Executed on capital deployment with $3.0 billion of share repurchases in 2024. Increased 2025 premium and service revenues guidance by $4.0 billion driven by Medicaid revenue and better than expected membership performance during the annual enrollment period in Medicar ...

Exhibit 99.1 N E W S R E L E A S E Contact: Investor Relations Inquiries Media Inquiries Jennifer Gilligan Isabella Wiltse Senior Vice President, Finance & Investor Relations Vice President, Media & Public Relations (212) 549-1306 (314) 445-0790 | 2024 Results | | | | | | --- | --- | --- | --- | --- | | | | Q4 | | Full Year | | Total revenues (in millions) | $ | 40,805 | $ | 163,071 | | Premium and service revenues (in millions) | $ | 36,296 | $ | 145,505 | | Health benefits ratio | | 89.6 % | | 88.3 % | | ...

Wall Street analysts expect Centene (CNC) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year increase of 8.9%. Revenues are expected to be $38.96 billion, down 1.3% from the year-ago quarter.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company ...