Centene Corp
- Industrie
- Health Insurance & PBM
- Bourse
- États-Unis
- Pays / Région
- USA
- Date d'introduction en bourse
- 13 décembre 2001
- Effectif
- 61 000
- Site web
- www.centene.com
Fourchette de valorisation composite · prudent $38–$48 / raisonnable $55–$70 / optimiste $85–$95. À $64.08, Dans la fourchette de valeur intrinsèque raisonnable.
À la publication $59.42 (24 mai 2026)
Données EODHD, présentées dans la devise de reporting ; à titre indicatif uniquement, ne constitue pas un conseil en investissement.
Centene Corporation operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States. It operates through four segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment offers the temporary assistance for needy families; medicaid expansion; aged, blind, or disabled; and children's health insurance programs, as well as long-term services and supports; foster care; and medicare-medicaid plans. This segment also provides healthcare products and services. The Medicare segment offers special needs and medicare supplement, and prescription drug plans. The Commercial segment provides health insurance marketplace product for individual and commercial group. The Other segment operates clinical healthcare and pharmacies, as well as offers vision and dental, behavioral health, and centralized services. It provides services through primary and specialty care physicians, hospitals, behavioral health practitioners, and ancillary providers. The company was founded in 1984 and is headquartered in Saint Louis, Missouri.
Historique
Centene Corporation was founded in 1984 and is headquartered in Saint Louis, Missouri, operating as a managed care company that provides government-sponsored and commercial health insurance programs in the United States. The company completed its IPO on December 13, 2001, and now runs four segments: Medicaid, Medicare, Commercial, and Other. Membership expanded over recent years, rising by roughly 413,000 from 2022 to 2023 and by 1.1 million from 2023 to 2024, before declining about 3% to 27.6 million members at the end of 2025; by the first quarter of 2026 the company served more than 1 in 15 people across the United States. Total revenue grew from $125.982 billion in 2021 to $194.777 billion in 2025, a compound annual growth rate of about 11.5% over four years, with 2025 external revenue split across Medicaid at $101.417 billion, Commercial at $33.702 billion, Medicare at $23.032 billion, and Other at $4.920 billion. In 2025 the company withdrew its full-year guidance in July amid lower expected ACA Marketplace risk-adjustment revenue and higher medical costs, and subsequently recorded a $6.723 billion goodwill impairment. Through sustained share repurchases, weighted-average diluted shares fell from 590.5 million in 2021 to 493.1 million in 2025, a decline of about 16.5%, and the company employed approximately 61,000 people.
Position dans le secteur
Centene holds an important scale position in U.S. government-sponsored managed care, particularly in Medicaid and the ACA Marketplace. According to KFF data cited for 2026, Centene, UnitedHealth, Elevance, Molina, and Aetna/CVS together accounted for 47% of U.S. Medicaid MCO enrollment, and KFF listed Centene as one of the five largest publicly-traded Medicaid managed care parent companies. Its competitive advantages derive primarily from scale and regulatory barriers: a large membership base, actuarial data, state-level operating experience, and pharmacy and medical management systems support unit-cost and bidding capabilities, while Medicaid MCO and Medicare licensing, compliance, capital, network, and state relationships form meaningful entry barriers. Brand recognition exists through Ambetter in the Marketplace and Wellcare in Medicare, though it does not generate the kind of premium associated with consumer brands. The company faces a strong competitor set including UnitedHealth, Elevance, Molina, CVS/Aetna, and Humana, and because state governments and CMS set the rules, scale does not automatically translate into pricing power; in 2026 the company applied corrective pricing across states covering 95% of its Marketplace membership.
Pas encore d'analyse sur cette valeur dans votre langue.