Centene Stock Hits Decade Low After Insurer Reports Rare Loss on Higher Medical Costs

Centene posts surprise loss as medical costs surge

Centene, which largely focuses on government-sponsored plans, posted a medical cost ratio (MCR) of 93% for the quarter, well above Wall Street expectations.

Centene stock hits decade low after insurer reports rare loss on higher medical costs

The St. Louis-based payer slipped into the red during the second quarter for the first time since 2022. Centene executives said they were disappointed and frustrated by the results.

Centene bounces back after surprise quarterly loss sent it plunging in pre-market trading

Lower Medicaid and Medicare enrollment is weighing on the biggest seller of Affordable Care Act plans....

Centene Earnings Fall Short of Expectations as Woes Mount

Centene Corp. reported a surprise quarterly loss Friday, yet another disappointment for the embattled health insurer, which recently pulled its 2025 guidance citing revenue pressure.