Key facts
- Centene raised its 2026 adjusted profit forecast to more than $5.20 per share.
- Third-quarter adjusted earnings per share were $0.58, beating analyst expectations.
- The company's medical loss ratio was 92.7% in the third quarter.
Centene Corp. raised its full-year adjusted profit forecast on Tuesday, projecting earnings to exceed $5.20 per share, an increase from its previous expectation of more than $4.80 per share. This upward revision follows the health insurer's report of better-than-expected third-quarter results, with adjusted earnings per share of $0.58, surpassing analyst estimates of $0.0958. The company's medical loss ratio, a key metric for health insurers, remained stable at 92.7% in the third quarter, unchanged from the previous year and slightly better than the 92.84% analysts had anticipated. Centene CEO Sarah M. London attributed the improved outlook to solid underlying fundamentals within the company's core businesses.