Centene (CNC) executive compensation, 2026 proxy

Sarah M. London, Chief Executive Officer, was paid $19.5M in 2025, down 5% from $20.6M the year before. The CEO-to-median-employee pay ratio was 206:1, on median employee pay of $94,800.

Filed
March 26, 2026
Pay year
2025
Named executives
5
CEO total pay
$19.5M-5% vs prior year
CEO to median employee
206:1median $94,800
CEO pay in equity
80%$15.5M in awards
Total Revenues
$194.8BA 19% increase vs. 2024
Adjusted Diluted EPS
$2.08Full-year adjusted diluted earnings per share
Median Employee Pay
$94,800Annual total compensation including medical plan

How London was paid

$19.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary8%Stock awards80%Non-equity incentive11%All other compensation2%

Named executive officers

ExecutiveTotal
Sarah M. LondonChief Executive Officer$19,506,298
Andrew L. AsherChief Financial Officer$16,072,880
Christopher A. KosterSecretary and General Counsel$6,508,793
Tanya McNallyChief People Officer$3,172,356
Susan R. SmithChief Operating Officer$4,887,083

What changed and why

  • $19.5MSarah M. London received total compensation of $19,506,298 for fiscal year 2025.
  • $20.6MTotal CEO compensation decreased compared to the prior year total of $20,602,148.
  • $2.08Adjusted diluted earnings per share reached $2.08 for the full year 2025.
  • $194.8BTotal revenues increased by 19% to reach $194.8 billion in 2025.
  • The CEO to median employee pay ratio was calculated to be 206 to 1.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.