Centene withdraws 2025 EPS guidance on $1.8 billion Marketplace risk adjustment hit
Centene withdrew its previously issued 2025 GAAP and adjusted diluted earnings per share guidance after preliminary Marketplace data showed a lower-than-expected market and higher morbidity. The company estimates a reduction of about $1.8 billion in its full-year net risk adjustment revenue transfer, an adjusted diluted EPS impact of about $2.75, and expects further reductions from its seven remaining Marketplace states, which lowers the earnings outlook shareholders were relying on.
Key points
- Withdraws previous 2025 GAAP and adjusted diluted EPS guidance, including underlying guidance elements, announced July 1, 2025
- Preliminary estimate of about $1.8 billion reduction to full-year net risk adjustment revenue transfer across 22 Marketplace states, with adjusted diluted EPS impact of about $2.75
- Medicaid second quarter 2025 Health Benefits Ratio expected to be higher than first quarter 2025 HBR
- Second quarter 2025 results expected to be reported on July 25, 2025
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.