Centene Corporation announced its financial results for the fourth quarter ended December 31, 2024, reporting adjusted earnings of $0.80 per share, which surpassed Wall Street expectations of $0.49 per share. The company's GAAP profit was $283 million, or $0.56 per share.
Total revenue for the quarter reached $40.81 billion, also exceeding analysts' forecasts of $38.96 billion. This strong performance was primarily driven by the continued strength in Centene's commercial health insurance plans.
For the full year 2024, Centene expects total revenue to be in the range of $158 billion to $160 billion. The company's ability to beat estimates in both profit and revenue highlights its operational resilience in a dynamic healthcare market.
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