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Centene Corp. (CNC)

Centene is a managed care company built around government health programmes and the people they cover. It describes itself as the nation's largest managed care company focused on underserved populations, and says it serves more than 1 in 15 individuals across the country, including Medicaid and Medicare members and people covered through the Health Insurance Marketplace. It operated in four segments during 2025.

Centene Corp.

Centene is a managed care company built around government health programmes and the people they cover. It describes itself as the nation's largest managed care company focused on underserved populations, and says it serves more than 1 in 15 individuals across the country, including Medicaid and Medicare members and people covered through the Health Insurance Marketplace. It operated in four segments during 2025.

Medicaid

The largest segment, at 57 percent of total external revenues in 2025. It covers a long list of separate state and federal programmes: Temporary Assistance for Needy Families, Medicaid Expansion, the Aged, Blind or Disabled programme, the Children's Health Insurance Program, Long-Term Services and Supports, Foster Care, Medicare-Medicaid Plans for people eligible for both, and other state-based programmes.

Commercial

21 percent of external revenues. It holds the Health Insurance Marketplace product together with individual and commercial group cover, Individual Coverage Health Reimbursement Arrangement products, and other individual products sold away from the exchange.

Medicare

19 percent of external revenues, covering Medicare Advantage, Dual Eligible Special Needs Plans, Medicare Prescription Drug Plans known as Part D, and Medicare Supplement.

Other

3 percent of external revenues: specialty pharmacy, vision and dental, clinical healthcare, behavioural health and centralised services. In December 2025 the company signed a definitive agreement to divest the remaining Magellan Health businesses.

How it says it is organised

The company's stated model is local. It says it works through local brands and local teams who live in and directly influence the communities they serve, and calls that a key differentiator in its ability to provide access to care. Its state-based plans, as it puts it, are built on community expertise and backed by the depth and experience of a national company.

It also describes a model structured around partnership: working with providers, policymakers and communities to connect people not only to healthcare but to essentials including food, housing, utilities and transportation. That is a claim about what a managed care company for low-income populations has to do beyond paying medical claims, and it is the company's own framing of its business.

From Centene's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Centene became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 27 October 2026
Revenue
$50.6 billion
+1.9% on the year · -5.5% on the quarter
Q4 FY2024Q3 FY2026
Net income
-$71 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.14
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 17 February 2026
Revenue
$194.8 billion
+19.4% on the year
FY2018FY2025
Net income
-$6.7 billion
FY2018FY2025
Diluted EPS
-$13.53
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsCentene (CNC) reported revenue of $194.8 billion for fiscal 2025, the year ended 31 December 2025, up 19.4% on the year before. Net loss was $6.7 billion and the diluted loss per share $13.53. Revenue was $163.1 billion in fiscal 2024, $154.0 billion in fiscal 2023, $144.5 billion in fiscal 2022 and $126.0 billion in fiscal 2021. Net income in the same years was $3.3 billion, $2.7 billion, $1.2 billion and $1.3 billion. Over the twelve months to 30 September 2026, Centene reported revenue of $203.9 billion and net income of $1.5 billion. Revenue grew 11.9% a year, compounded, over the five years to fiscal 2025. Centene had 495 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Centene was $34.5 billion, 23.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE6.6%
ROCE2.7%
Operating margin0.5%
Net margin0.7%
FCF margin1.9%
Interest cover1.6x
Debt to equity0.70x
Cash conversion3.24x
Share count, last 12 months0.7%
Sales CAGR, 3 years10.5%
Profit CAGR, 3 yearsn/a
EPS, TTM$2.92

At the close of 6 November 2026

Price$69.73
Market cap$34.5 billion
Stock P/E23.9x
Price to book1.6x
EV / EBITDA13.1x
Dividend yieldn/a
Market cap / sales0.17x
52-week high$76.00
52-week low$31.80
Price, 1 year88.0%
Price CAGR, 3 years-0.9%
Price CAGR, 5 years-1.2%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Centene Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CNCgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue32,56837,18535,93635,86535,56138,88937,60838,04239,46040,40739,83642,02340,80546,62048,74249,69049,72549,94453,57950,647
Cost of revenue1,3841,9882,0991,5711,374870877856961669680692688698641651680702729675
Gross profit31,1844,4064,5574,0443,9114,6484,6144,6323,7434,7364,5284,0063,7995,2883,0183,3452,5585,6504,6173,302
Gross margin96%12%13%11%11%12%12%12%9%12%11%10%9%11%6%7%5%11%9%7%
SG&A2,8422,7452,8002,8463,1983,0113,0163,0483,4883,2182,8943,0573,2313,3533,0363,1453,3703,3973,1033,235
Operating income6031,253-129476-2821,2181,171735-1941,1061,2296651751,534-458-6,954-1,7451,8611,198-307
Operating margin2%3%-0%1%-1%3%3%2%-0%3%3%2%0%3%-1%-14%-4%4%2%-1%
Interest expense162160162169174180181181183178176176172170170170168164153149
Pre-tax income6941,148-2361,00941.01,3911,41576824.01,4731,5169213471,746-257-6,674-1,5432,0991,486-122
Tax rate15%26%n/a27%634%19%25%38%-62%21%24%23%19%25%n/an/an/a27%27%n/a
Net income599849-172738-2131,1301,05846945.01,1631,1467132831,311-253-6,631-1,1011,5411,091-71.0
Net margin2%2%-0%2%-1%3%3%1%0%3%3%2%1%3%-1%-13%-2%3%2%-0%
Diluted EPS$1.02$1.44-$0.29$1.27-$0.38$2.04$1.92$0.87$0.08$2.16$2.16$1.36$0.56$2.63-$0.51-$13.50-$2.24$3.11$2.19-$0.14
Operating cash flow6751,1513,3543,332-1,5764,2692,5461,021217-4562,175-978-5871,5101,7851,3564374,3663,590-3,669
Capital expenditure248242282247233225215136223151186153154135208211213200174194
Free cash flow4279093,0723,085-1,8094,0442,331885-6.0-6071,989-1,131-7411,3751,5771,1452244,1663,416-3,863
Buybacks24871.03491,2431,43342340577431.01518031,22794341.04320.02.029.04.024.0
Shares outstanding582m585m581m570m551m552m546m535m534m536m526m510m496m498m491m491m492m494m494m495m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue3,3654,1034,4485,2118,11010,86316,56022,76040,60748,38260,11674,639111,115125,982144,547153,999163,071194,777203,895
Cost of revenue56.960.863.978.188.03271,2801,6211,8641,8472,3862,4653,3034,8947,0323,5642,7292,6702,786
Gross profit3,3084,0424,3845,1338,02210,53615,28021,13938,74346,53557,73072,174107,81214,48716,91817,63717,06914,20916,127
Gross margin98.3%98.5%98.6%98.5%98.9%97.0%92.3%92.9%95.4%96.2%96.0%96.7%97.0%11.5%11.7%11.5%10.5%7.3%7.9%
Selling, general and administrativen/an/an/an/an/an/a1,2981,8023,6764,4466,0436,5339,3809,60111,58912,56312,40012,90413,105
Operating income1321381572041082774647051,2631,1991,4581,7813,0821,7841,3182,9303,175-7,6231,007
Operating margin3.9%3.4%3.5%3.9%1.3%2.6%2.8%3.1%3.1%2.5%2.4%2.4%2.8%1.4%0.9%1.9%1.9%-3.9%0.5%
Interest expense16.716.318.020.320.027.035.043.0217255343412728665665725702678634
Pre-tax income1371381541881232694576971,1601,1341,3681,7822,7731,8131,9623,5984,257-6,7281,920
Income tax52.448.859.970.747.0107196339599326474473979477760899963-51.0459
Effective tax rate38.4%35.5%38.8%37.5%38.2%39.8%42.9%48.6%51.6%28.7%34.6%26.5%35.3%26.3%38.7%25.0%22.6%n/a23.9%
Net income83.583.794.81112.01652713555628289001,3211,8081,3471,2022,7023,305-6,6741,460
Net margin2.5%2.0%2.1%2.1%0.0%1.5%1.6%1.6%1.4%1.7%1.5%1.8%1.6%1.1%0.8%1.8%2.0%-3.4%0.7%
Diluted EPS$0.47$0.47$0.47$0.53$0.01$0.73$1.12$1.44$1.72$2.35$2.26$3.14$3.12$2.28$2.07$4.95$6.31-$13.53$2.92
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2014 to FY2025, 3 years left out

FY2014FY2015FY2016FY2017FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Medicaidn/an/an/an/a84,13993,151100,759101,417110,43456.7%
Commercialn/an/an/an/a16,95617,38024,84533,70242,00321.6%
Medicaren/an/an/an/a17,51222,48422,26123,03237,21019.1%
Othern/an/an/an/a7,37511,5326,1344,9205,1302.6%
Managed Care14,77520,86538,18245,798n/an/an/an/an/an/a
Specialty Services1,7851,8952,4252,584n/an/an/an/an/an/a
Medicaid FY2021 to FY2025Commercial FY2021 to FY2025Medicare FY2021 to FY2025Other FY2021 to FY2025Managed Care FY2014 to FY2017Specialty Services FY2014 to FY2017
16.6FY201440.6FY2016126.0FY2021154.0FY2023194.8FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2021 to FY2025

The gross profit each segment reports. Costs Centene does not charge to a segment are left out, so the segments can add up to more than the company's own gross profit.

FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Medicaid9,0368,7858,6416,2465,6905.2%
Commercial2,2673,2885,0297,6635,10112.1%
Medicare2,2663,1122,8672,5952,9838.0%
Other9181,7331,1005654358.5%
MedicaidCommercialMedicareOther
14.5FY202116.9FY202217.6FY202317.1FY202414.2FY2025

$ billion; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Medicaid57%40%
Commercial22%36%
Medicare19%21%
Other3%3%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a gross profit figure. A margin is a segment's gross profit over its own sales.

Cash flow

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow2222481692622793831,2236581,8511,4891,2341,4835,5034,2056,2618,0531545,0884,724
Capital expenditure65.223.711973.782.168.01031503064226757308699101,004799644767781
Free cash flow15722450.41881973151,1205081,5451,0675597534,6343,2955,2577,254-4904,3213,943
Free cash flow margin4.7%5.5%1.1%3.6%2.4%2.9%6.8%2.2%3.8%2.2%0.9%1.0%4.2%2.6%3.6%4.7%-0.3%2.2%1.9%
Cash from investing-154-270-211-129-188-342-848-813-2,469-1,254-4,585-1,532-6,955-3,299-2,921-1,191-1,0524721,312
Cash from financing42.546.572.16.91791541983052,717-82.04,6126,8322601,362-4,197-1,658-2,406-1,621-2,093
Depreciation and amortisation35.444.052.058.366.067.089.01112783614956431,2591,3351,4301,2931,2411,2751,229
Share-based compensation15.314.613.918.225.037.048.071.0148135145177281203234216212204236
Buybacks23.56.33.27.813.019.029.053.063.065.071.075.06262973,0961,6333,12447559.0
Diluted shares, weighted178m177m202m210m215m225m241m246m328m353m399m420m579m591m582m546m524m493m494m
Shares outstanding at period endn/a173m198m203m209m221m237m241m344m347m412m415m581m582m551m534m496m492m495m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity5016017949369531,2341,7442,1575,8956,85010,91712,55125,77326,79524,05725,84026,41019,95322,207
Non-controlling interestn/a18.63.10.80.79.0-1.011.014.014.096.010811214512497.090.080.076.0
Redeemable equityn/an/an/an/an/a0.014815614512.010.033.077.082.056.019.010.023.024.0
Debtn/a3083313525396698781,2234,7824,8296,85113,85916,88019,02618,17917,96218,64017,49315,542
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a6221,3343,6193,133880738615n/a
Other liabilitiesn/a7758169021,2811,6073,0553,7929,36110,15013,02713,82124,54328,70831,32139,84336,55738,58341,431
Total liabilities and equityn/a1,7021,9442,1902,7743,5195,8247,33920,19721,85530,90140,99468,71978,37576,87084,64182,44576,74779,280
Owned
Fixed assetsn/a2303263503763954455187971,1041,7062,1212,7743,3912,4322,0192,0672,0372,109
Goodwilln/a2252782822563487548424,7124,7497,0156,86318,65219,77118,81217,55817,55810,83510,835
Intangible assetsn/a22.529.127.420.349.01201551,5451,3982,2392,0638,3887,8246,9116,1015,4094,5304,042
Investmentsn/a5656176376938941,4572,1035,0505,8437,5838,58014,43315,58217,00518,74520,05119,46717,680
Cash and equivalents3794044345747469741,6101,7603,9304,0725,34212,12310,80013,11812,07417,19314,06317,88820,700
Other assetsn/a2562593216838581,4381,9614,1634,6897,0169,24413,67218,68919,63623,02523,29721,99023,914
Total assetsn/a1,7021,9442,1902,7743,5195,8247,33920,19721,85530,90140,99468,71978,37576,87084,64182,44576,74779,280
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded23.9%11.9%10.5%9.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, average4.7%-0.1%-3.5%-33.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Centene's revenue in fiscal 2025?

Centene (CNC) reported revenue of $194.8 billion for fiscal 2025, the year ended 31 December 2025, up 19.4% on the year before.

How much did Centene earn in fiscal 2025?

Net loss was $6.7 billion for fiscal 2025, and the diluted loss per share $13.53.

What is Centene's P/E ratio?

At the close of 6 November 2026, Centene traded at 23.9 times its earnings over the twelve months to 30 September 2026.

What is Centene's market cap?

The market cap of Centene was $34.5 billion at the close of 6 November 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
UnitedHealth Group Inc. UNH$353.2 billion22.5115.3%5.3%3.3%0.712.3%
Elevance Health, Inc. ELV$92.0 billion18.1511.5%2.7%3.6%0.691.6%
Cigna Group CI$77.4 billion12.9613.8%3.4%6.8%0.722.1%
Humana Inc. HUM$52.1 billion42.176.6%1.5%22.0%0.660.8%
Hartford Insurance Group, Inc. HIG$35.8 billion8.1124.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.9 billion8.7819.0%25.9%-3.9%0.194.7%
Centene Corp. CNC$34.5 billion23.886.6%0.5%9.7%0.70n/a
Molina Healthcare, Inc. MOH$10.8 billionn/a-1.2%0.4%-0.9%0.91n/a
Oscar Health, Inc. OSCR$9.5 billion12.6638.5%5.4%54.8%0.19n/a
Clover Health Investments, Corp. CLOV$2.6 billion483.003.2%0.5%54.5%0.00n/a
Trupanion, Inc. TRUP$1.6 billion60.316.7%1.8%11.4%0.26n/a
Alignment Healthcare, Inc. ALHC$1.5 billion56.3810.4%0.9%35.9%1.17n/a
All 112 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.23 trillion14.3611.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$353.2 billion22.5115.3%5.3%3.3%0.712.3%
Chubb Ltd. CB$139.6 billion12.7715.3%22.3%5.7%0.251.1%
Progressive Corp. PGR$132.0 billion11.4833.7%16.0%7.7%0.246.1%
Marsh & McLennan Companies, Inc. MRSH$97.3 billion24.4927.1%21.4%7.6%1.271.8%
Elevance Health, Inc. ELV$92.0 billion18.1511.5%2.7%3.6%0.691.6%
Travelers Companies, Inc. TRV$81.0 billion10.3128.7%21.2%1.1%0.341.2%
Cigna Group CI$77.4 billion12.9613.8%3.4%6.8%0.722.1%
Manulife Financial Corporation MFC *$72.5 billion19.6611.1%n/an/a0.153.3%
Arthur J. Gallagher & Co. AJG$72.2 billion43.067.1%13.1%25.6%0.541.0%
Aon plc AON$71.0 billion18.3438.9%26.3%3.8%2.610.9%
Allstate Corp. ALL$63.4 billion5.7735.9%21.1%5.1%0.231.7%
Metlife Inc. MET$62.0 billion12.8023.1%8.2%14.8%0.642.4%
Aflac Inc. AFL$61.5 billion18.2412.0%25.9%-6.2%0.281.9%
Humana Inc. HUM$52.1 billion42.176.6%1.5%22.0%0.660.8%
Prudential Financial Inc. PRU$40.9 billion10.8613.1%7.8%6.5%0.674.7%
American International Group, Inc. AIG$40.3 billion12.668.5%14.5%1.2%0.222.4%
Sun Life Financial Inc. SLF *$39.6 billion16.2414.5%n/a8.0%0.333.7%
Hartford Insurance Group, Inc. HIG$35.8 billion8.1124.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.9 billion8.7819.0%25.9%-3.9%0.194.7%
Centene Corp. CNC$34.5 billion23.886.6%0.5%9.7%0.70n/a
Everest Group, Ltd. EG$30.6 billion8.6913.3%13.9%-8.7%n/a1.9%
Willis Towers Watson plc WTW$30.3 billion20.0720.1%22.0%4.8%0.841.2%
Cincinnati Financial Corp. CINF$28.5 billion10.8816.5%24.8%9.9%0.052.0%
W. R. Berkley Corp. WRB$27.9 billion15.9119.4%n/a1.5%n/a2.5%
Markel Group Inc. MKL$23.7 billion13.779.7%15.7%2.5%0.24n/a
Principal Financial Group Inc. PFG$23.6 billion12.3516.7%14.7%5.2%0.372.9%
Brown & Brown, Inc. BRO$23.6 billion22.829.7%n/a26.1%0.620.9%
Loews Corp. L$22.2 billion15.208.1%10.8%2.8%0.460.2%
Reinsurance Group of America Inc. RGA$17.0 billion10.1214.7%8.0%22.5%0.461.4%
Assurant, Inc. AIZ$15.1 billion14.4517.9%9.8%9.4%n/a1.1%
Corebridge Financial, Inc. CRBG$15.0 billion7.3132.7%16.6%13.3%0.832.9%
Globe Life Inc. GL$14.5 billion10.5317.9%23.3%5.6%0.450.8%
Renaissancere Holdings Ltd. RNR$14.2 billion9.7813.8%30.1%-20.9%0.210.5%
Equitable Holdings, Inc. EQH$14.1 billion10.11n/a16.3%8.6%n/a2.2%
CNA Financial Corp. CNA$12.8 billion12.4710.1%8.5%2.1%0.248.2%
American Financial Group Inc. AFG$12.8 billion12.6121.6%15.2%3.3%0.394.5%
Erie Indemnity Co. ERIE$12.6 billion24.7822.6%17.9%2.0%n/a2.1%
Unum Group UNM$11.9 billion54.432.3%2.4%-4.2%0.352.5%
Fidelity National Financial, Inc. FNF$11.7 billion11.2114.2%17.0%6.4%0.594.7%
Molina Healthcare, Inc. MOH$10.8 billionn/a-1.2%0.4%-0.9%0.91n/a
Oscar Health, Inc. OSCR$9.5 billion12.6638.5%5.4%54.8%0.19n/a
Old Republic International Corp. ORI$9.5 billion8.9218.8%13.8%12.5%n/a9.2%
Voya Financial, Inc. VOYA$8.9 billion15.9216.4%8.9%-0.3%0.551.9%
Primerica, Inc. PRI$8.9 billion11.4828.2%29.4%8.3%0.211.6%
Jackson Financial Inc. JXN$8.7 billion10.7310.4%56.7%34.1%0.332.7%
Kinsale Capital Group, Inc. KNSL$8.6 billion16.7227.4%33.7%8.3%0.120.2%
Hanover Insurance Group, Inc. THG$8.3 billion11.6121.8%15.2%5.0%0.25n/a
Axis Capital Holdings Ltd. AXS$7.6 billion8.0616.1%17.5%9.8%0.211.7%
Lincoln National Corp. LNC$7.6 billion2.4835.2%20.0%10.3%0.684.5%
First American Financial Corp. FAF$6.8 billion9.4413.6%11.9%14.1%n/a3.3%
Enact Holdings, Inc. ACT$6.3 billion9.6713.1%68.5%2.5%0.141.9%
RLI Corp. RLI$6.3 billion15.9323.3%25.8%4.6%0.183.9%
Hagerty, Inc. HGTY$6.2 billionn/a23.4%4.5%-0.9%0.96n/a
Selective Insurance Group Inc. SIGI$5.9 billion11.9514.8%11.9%4.0%0.261.7%
Mgic Investment Corp. MTG$5.8 billion8.8914.3%73.2%-2.2%n/a2.2%
Essent Group Ltd. ESNT$5.6 billion8.6712.2%59.2%9.6%n/a2.1%
White Mountains Insurance Group Ltd. WTM$5.4 billion5.9518.1%30.7%44.9%0.170.0%
CNO Financial Group, Inc. CNO$5.1 billion12.6618.0%14.8%2.3%0.581.2%
Radian Group Inc. RDN$4.7 billion8.8112.0%38.3%65.3%0.132.8%
Mercury General Corp. MCY$4.6 billion7.1222.9%12.9%5.4%0.201.5%
Accelerant Holdings ARX$4.3 billionn/a-180.6%-110.8%n/a0.17n/a
Corvel Corp. CRVL$4.2 billion34.9428.2%n/a8.3%n/an/a
Palomar Holdings, Inc. PLMR$4.1 billion19.5122.0%22.8%58.5%0.30n/a
Neptune Insurance Holdings Inc. NP$3.9 billion90.02n/a41.3%n/an/an/a
Hamilton Insurance Group, Ltd. HG$3.6 billion7.0631.2%28.3%14.8%0.05n/a
Assured Guaranty Ltd. AGO$3.2 billion10.406.0%33.8%-4.2%0.322.0%
Genworth Financial Inc. GNW$3.2 billion67.000.6%3.3%-0.6%0.17n/a
Lemonade, Inc. LMND$3.1 billionn/a-30.6%-12.6%69.5%n/an/a
F&G Annuities & Life, Inc. FG$3.1 billion3.1023.8%n/a-0.4%0.514.3%
Slide Insurance Holdings, Inc. SLDE$3.0 billion5.8944.8%50.4%n/a0.02n/a
SiriusPoint Ltd. SPNT$3.0 billion6.4022.5%17.6%18.1%0.30n/a
Baldwin Insurance Group, Inc. BWIN$3.0 billionn/a-9.2%-6.9%18.9%2.67n/a
NMI Holdings, Inc. NMIH$2.9 billion7.6614.5%68.1%6.9%n/an/a
Skyward Specialty Insurance Group, Inc. SKWD$2.7 billion14.0715.0%13.5%35.3%0.33n/a
Porch Group, Inc. PRCH$2.6 billion246.38127.2%7.7%23.4%53.60n/a
Clover Health Investments, Corp. CLOV$2.6 billion483.003.2%0.5%54.5%0.00n/a
Brighthouse Financial, Inc. BHF$2.5 billion4.3713.6%14.0%-9.4%0.63n/a
HCI Group, Inc. HCI$2.3 billion7.5229.3%49.6%20.1%0.030.9%
Horace Mann Educators Corp. HMN$2.2 billion12.4112.5%12.5%4.2%0.422.7%
Goosehead Insurance, Inc. GSHD$2.0 billion40.58n/a23.3%17.7%n/an/a
Kemper Corp. KMPR$2.0 billionn/a-22.6%n/a-4.5%0.433.8%
Trupanion, Inc. TRUP$1.6 billion60.316.7%1.8%11.4%0.26n/a
Alignment Healthcare, Inc. ALHC$1.5 billion56.3810.4%0.9%35.9%1.17n/a
Safety Insurance Group Inc. SAFT$1.5 billion21.828.2%7.0%4.6%0.063.5%
Twfg, Inc. TWFG$1.5 billion47.5117.4%17.3%36.2%0.05n/a
Stewart Information Services Corp. STC$1.4 billion11.777.2%5.2%20.5%0.394.5%
Universal Insurance Holdings, Inc. UVE$1.3 billion5.8336.0%19.0%5.5%0.151.3%
United Fire Group Inc. UFCS$1.2 billion9.1014.6%11.5%11.6%0.161.6%
Ategrity Specialty Insurance Co. Holdings ASIC$1.2 billion12.1715.0%24.4%n/an/a0.0%
Bowhead Specialty Holdings Inc. BOW$1.1 billion19.1513.3%11.7%23.8%0.33n/a
Heritage Insurance Holdings, Inc. HRTG$983 million4.6736.1%34.1%2.3%0.12n/a
Hippo Holdings Inc. HIPO$929 million28.826.8%6.2%20.6%n/an/a
Employers Holdings, Inc. EIG$832 million25.993.5%4.1%-13.0%0.162.8%
Donegal Group Inc. DGICA$701 million10.0210.5%8.9%-3.4%n/a4.0%
Root, Inc. ROOT$659 million9.1324.8%6.7%7.9%0.60n/a
Ethos Technologies Inc. LIFE$558 millionn/a-23.0%-16.1%n/an/an/a
Crawford & Co. CRD-A$554 million21.9414.1%3.9%-3.6%0.81n/a
American Integrity Insurance Group, Inc. AII$528 million5.9923.8%36.2%29.3%0.00n/a
Greenlight Capital RE, Ltd. GLRE$522 million9.458.4%8.8%3.7%0.01n/a
Investors Title Co. ITIC$483 million11.9814.1%17.7%8.7%n/a4.1%
American Coastal Insurance Corp. ACIC$475 million5.7424.5%37.7%-5.3%0.427.5%
Amerisafe Inc. AMSF$363 million9.1017.0%15.0%7.7%n/a8.3%
NI Holdings, Inc. NODK$311 million21.266.1%7.7%-12.9%0.01n/a
Kingstone Companies, Inc. KINS$296 million7.1230.7%21.2%24.5%0.030.8%
Mbia Inc. MBI$235 millionn/an/a-155.2%18.0%n/an/a
Kingsway Corp. KWY$230 millionn/a-79.5%0.7%23.6%5.13n/a
Octave Specialty Group Inc. OSG$226 millionn/a-23.0%-24.3%26.8%0.22n/a
Citizens, Inc. CIA$208 million25.694.0%3.8%4.1%n/an/a
James River Group Holdings, Inc. JRVR$180 million10.145.8%3.8%-1.8%n/a1.0%
Roadzen Inc. RDZN$100 millionn/an/a-21.6%30.5%n/an/a
Ryan Specialty Holdings, Inc. RYANn/an/a23.4%15.6%9.8%8.231.1%
9 companies share its SEC industry code (Hospital & Medical Service Plans); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on CNC

Dividendsno dividend in its filings for fiscal 2008 onward
Filings20 in twelve months: 14 current reports (8-K), about 7 regulation FD disclosure; 5 officer or director change; 4 results of operations; 3 other events; 1 shareholder vote
Planned insider sales7 Form 144 notices in twelve months, $24.3 million; latest 26 August 2026
Options tapeput/call 0.86 by open interest at the 6 November 2026 close; the straddle prices a 5.6% move to 13 November 2026
13F holders1,009 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading5 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest10.9 million shares short, 2.53 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202627 October 2026EDGAR
10-Q30 June 202628 July 2026EDGAR
10-Q31 March 202628 April 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202525 July 2025EDGAR
10-Q31 March 202525 April 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q30 September 202425 October 2024EDGAR
10-Q30 June 202426 July 2024EDGAR

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