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Centene
🇺🇸 NYSE:CNC
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OverviewEarningsDividends
•
Dec 31, 2021

Centene Q4 2021 Earnings Report

Centene reported strong fourth quarter results, meeting the high end of earnings guidance. The company focused on advancing initiatives to achieve value creation goals and 2022 operational objectives.

Key Takeaways

Centene Corporation reported a 15% increase in total revenues for Q4 2021, reaching $32.6 billion, and diluted EPS of $1.01. The company's managed care membership increased by 1.1 million members compared to the previous year. Centene reiterates its 2022 Adjusted diluted EPS guidance of $5.30 to $5.50 and HBR guidance of 87.6% to 88.2%.

Total revenues reached $32.6 billion, a 15% increase year-over-year.

Premium and service revenues were $30.5 billion, representing a 15% increase year-over-year.

Diluted EPS was reported at $1.01, compared to a diluted loss per share of $(0.02) in Q4 2020.

Adjusted diluted EPS was $1.01, compared to $0.46 in the fourth quarter of 2020.

Total Revenue
$32.6B
Previous year: $28.3B
+15.1%
EPS
$1.01
Previous year: $0.46
+119.6%
SG&A Expense Ratio
9.3%
Previous year: 10.3%
-9.7%
Adjusted SG&A Expense Ratio
9.2%
Previous year: 9.7%
-5.2%
Days in Claims Payable
52
Gross Profit
$3.63B
Previous year: $3.3B
+10.0%
Cash and Equivalents
$13.1B
Previous year: $10.8B
+21.5%
Free Cash Flow
$427M
Previous year: $2.78B
-84.6%
Total Assets
$78.4B
Previous year: $68.7B
+14.1%

Centene

Centene

Centene Revenue by Segment

Forward Guidance

Centene reiterates its 2022 Adjusted diluted EPS guidance of $5.30 to $5.50 and HBR guidance of 87.6% to 88.2% provided at its December 2021 Investor Day.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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