Risk factors
Centene (CNC) risk factors
Item 1A of every Centene Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors33 risks2 new3 dropped9 reworded
Medical cost trends and acuity underestimation hurt Marketplace and Medicaid profitability in 2025. PDP membership expanded as 2026 bids fell below benchmarks across all 34 CMS regions. Credit facility covenants shifted from a debt-to-EBITDA ratio to a debt-to-capital ratio.
Filed Feb 17, 2026 - FY2024 10-K risk factors34 risks
Centene faces extensive government regulation and contracting risks across Medicaid, Medicare, and Marketplace insurance programs.
Filed Feb 18, 2025