Centene posts $13.50 Q3 loss on $6.7 billion impairment; raises adjusted EPS outlook
Centene reported third quarter 2025 results with a GAAP diluted loss of $(13.50) per share, driven by a $6.7 billion non-cash goodwill impairment, while adjusted diluted EPS was $0.50. The company raised its full year 2025 adjusted diluted EPS forecast by $0.25 to at least $2.00, but its updated GAAP forecast is a diluted loss per share not to exceed $(12.85).
Key points
- Total revenues were $49.7 billion and premium and service revenues rose 22% to $44.9 billion from $36.9 billion a year earlier.
- Health benefits ratio rose to 92.7% from 89.2% in the third quarter of 2024.
- Adjusted diluted EPS forecast for 2025 increased to at least $2.00 from $1.75.
- Debt-to-capital ratio was 45.5% at September 30, 2025, after the reduction to retained earnings from the impairment.
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 October 28, 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.