Becker's Healthcare February 4, 2025
Centene lost nearly 1.5 million Medicaid members in 2024, but posted 12% enrollment growth in its marketplace segment, according to the company’s fourth quarter earnings report published Feb. 4
Total revenues in the fourth quarter were $40.8 billion, up 3.4% year over year. Total revenues in 2024 were $163 billion, up 5.9%.
In the fourth quarter, net income was $283 million, compared to $45 million during the same period in 2023. Year-end net income was $3.3 billion, up 22.3% year over year.
The company’s medical loss ratio was 89.6% in the fourth quarter, compared to 89.5%...
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