Centene (NYSE:CNC) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Company ParticipantsAndrew Mok - Equity Research DirectorJennifer Gilligan - SVP of Investor RelationsLance Wilkes - Managing DirectorSarah London - CEOAJ Rice - Managing DirectorDrew Asher - EVP and CFOConference Call ParticipantsErin Wright - Senior Equity Research AnalystGeorge Hill - Equity Research AnalystJosh Raskin - Research AnalystAnn Hynes - Senior Healthcare Services Equity AnalystJustin Lake - Healthcare Services AnalystStephe ...

Centene (NYSE:CNC) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Company ParticipantsAndrew Mok - Equity Research DirectorJennifer Gilligan - SVP of Investor RelationsLance Wilkes - Managing DirectorSarah London - CEOAJ Rice - Managing DirectorDrew Asher - EVP and CFOConference Call ParticipantsErin Wright - Senior Equity Research AnalystGeorge Hill - Equity Research AnalystJosh Raskin - Research AnalystAnn Hynes - Senior Healthcare Services Equity AnalystJustin Lake - Healthcare Services AnalystStephe ...

Centene (NYSE:CNC) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Speaker5Good day, and welcome to the Centene Corporation 2025 third quarter financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad, and to withdraw your questio ...

CVS Health rode double-digit sales growth from drugstores and its pharmacy benefits management business to a better-than-expected third quarter. The health care giant also hiked its 2025 forecast well above Wall Street estimates. But it booked a nearly $6-billion charge in the quarter for scaling back a care delivery business it expanded two years ago. The company said Wednesday that it filled more prescriptions at drugstores, partially due to added business from customers of the defunct Rite Aid chain. ...

In a market gripped by volatility, investors are turning to dependable blue-chip names for stability. And few blue-chips have been tested as much as UnitedHealth Group (UNH), the nation’s largest health insurer and a diversified healthcare powerhouse. UnitedHealth had a turbulent 2025, but the company remained resilient. It reported its third quarter on Oct. 28, which showed a business in transition. Management made it clear that UnitedHealth Group is tackling its underperformance issues head-on. It is po ...

Clover Health Investments, Corp. ( CLOV ), has been gaining momentum lately with Q3 earnings right around the corner. Since my last coverage post-Q2 earnings, the stock is up 52%, mainly driven by a 21% rally over the pastAs a former managing editor at a financial media publication focused on mid and small caps, I am using my experience to present investment opportunities in undervalued companies. My experience, combined with my academic background in financial markets and institutions, allows me to bring t ...

Core Insights - CVS Health reported a significant third-quarter loss of $4 billion, primarily due to the reduced value of its Oak Street Health primary care facilities [2][3] - Despite the loss, CVS raised its adjusted earnings per share guidance to a range of $6.55 to $6.65, up from $6.30 to $6.40, attributed to improved performance in its Aetna health insurance business [4] Financial Performance - The company experienced a net loss of $3.98 billion, or $3.13 per share, due to a $5.7 billion goodwill impairment charge related to the Health Care Delivery reporting unit, which includes Oak Street [6] - CVS's medical benefit ratio improved to 92.8% in the third quarter from 95.2% in the same period last year, indicating better management of health costs [5] - Revenues rose nearly 8% to a record $102.9 billion, driven by growth across all operating segments, with adjusted operating income increasing over 35% to $3.45 billion [10] Strategic Changes - CVS announced plans to close 16 Oak Street Health Centers, representing 7% of its senior-focused primary care locations, following challenges in the business's growth [7][8] - The company is reducing the number of new primary care clinics it will open in 2026 and beyond, reflecting updated financial projections and strategic changes in its health care delivery management team [9]

Core Viewpoint - CVS Health has raised its annual adjusted profit forecast despite announcing a significant writedown of $5.73 billion related to its healthcare businesses, indicating a mixed financial outlook for the company [1][2]. Financial Performance - CVS reported a net loss of $3.13 per share for the third quarter [1]. - The company achieved an adjusted quarterly profit of $1.60 per share, surpassing analysts' expectations of $1.37 per share [6]. - For the full year 2025, CVS raised its adjusted profit outlook to between $6.55 and $6.65 per share, up from a previous forecast of $6.30 to $6.40 per share [6]. Business Restructuring - The $5.73 billion writedown includes a restructuring of Oak Street Health and a diminished value of Signify Health, both of which focus on Medicare services [2]. - CVS took an $83 million charge for the closure of 16 Oak Street clinics and plans to reduce the number of new primary care clinics it will open in 2026 and beyond [4]. Strategic Outlook - CEO David Joyner indicated that the company is conservatively managing risks associated with its health insurance and healthcare delivery units [3]. - The company is taking a cautious approach to healthcare trends as it anticipates elevated conditions leading into 2026 [4]. - CVS has experienced four consecutive quarters of beating earnings estimates, signaling a turnaround after previous struggles with medical costs in its insurance business [5].

Centene's health benefits ratio increases to 92.7% in the quarter from 89.2% in the same period last year. ...

Economic Indicators - U.S. consumer confidence declined by 1.0 point to 94.6 in October, reflecting concerns over a softening labor market and high living costs [2][7] - The Expectations Index fell by 2.9 points to 71.5, remaining below the 80-point threshold that often signals an impending recession [2] - The unemployment rate rose to 4.3%, the highest since October 2021, with only 22,000 jobs added in August and 79,000 in July [2] Corporate News - UnitedHealth Group (UNH) raised its 2025 earnings outlook, projecting adjusted net earnings of at least $16.25 per share and net earnings of at least $14.90 per share [3][7] - The company reported third-quarter 2025 revenues of $113.2 billion, a 12% year-over-year increase, with UnitedHealthcare revenues climbing 16% to $87.1 billion [3] - Despite the positive outlook, UnitedHealth anticipates significant pressure on its Medicaid business in 2026 [3][7] Monetary Policy - The Reserve Bank of New Zealand (RBNZ) confirmed that recent interest rate cuts are effectively easing borrowing costs, with the Official Cash Rate (OCR) lowered by 50 basis points to 2.5% [4][7] - Financial conditions in New Zealand have improved, with credit flowing more easily across the economy [4] Legal and Regulatory Issues - Edison International (EIX) faces potential liability related to the Eaton Fire, with the U.S. Department of Justice suing Southern California Edison for over $40 million in costs [5] - The company's valuation has reportedly dropped from $30 billion to $22.6 billion since the fires [5] European Politics - Centrist groups in the European Parliament are demanding significant changes to the proposed €2 trillion seven-year budget for the EU, citing concerns over renationalization of funds and lack of parliamentary oversight [6][7]