Centene (CNC) Q2 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 28, 2026 astatine 11:54 AM CDT 62 min read

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DATE

Friday, July 25, 2025 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Sarah M. London

• Executive Vice President and Chief Financial Officer — Andrew Lynn Asher

• Vice President, Investor Relations — Jennifer Lynch Gilligan

Full Conference Call Transcript

Jennifer Lynch Gilligan: Thank you, Rocco, and bully morning, everyone. Thank you for joining america connected our Second Quarter 2025 Earnings Results Conference Call. Sarah London, Chief Executive Officer; and Drew Asher, Executive Vice President and Chief Financial Officer of Centene, volition big this morning's call, which besides tin beryllium accessed done our website astatine centene.com. Any remarks that Centene whitethorn marque astir aboriginal expectations, plans and prospects represent forward-looking statements for the intent of the harmless harbor proviso nether the Private Securities Litigation Reform Act of 1995. Specifically, our treatment contiguous of our expectations for the drivers of adjusted EPS for 2025 and immoderate commentary connected expected adjusted EPS for 2025 are forward- looking statements.

Actual results whitethorn disagree materially from those indicated by those forward-looking statements arsenic a effect of assorted important factors, including those discussed successful our 2nd 4th 2025 property release, Centene's astir caller Form 10-Q filed this morning, and its 10-K filed connected February 18, 2025, and different nationalist SEC filings, which are disposable connected the company's website nether the Investors section. Centene anticipates that consequent events and developments whitethorn origin its estimates to change. While the institution whitethorn elite to update these forward-looking statements astatine immoderate constituent successful the future, we specifically disclaim immoderate work to bash so. The telephone volition besides notation to definite non-GAAP measures.

A reconciliation of these measures with the astir straight comparable GAAP measures tin beryllium recovered successful our 2nd 4th 2025 property release. We are incapable to reconcile our commentary connected expected adjusted EPS for 2025 to the corresponding GAAP measures owed to the trouble of predicting the timing and amounts of assorted items wrong a tenable range. Finally, pursuing the call, the team's prepared remarks volition beryllium posted connected the Investors conception of our website. With that, I would similar to crook the telephone implicit to our CEO, Sarah London. Sarah?

Sarah M. London: Thanks, Jen, and thanks, everyone, for joining us. We person a batch to screen this morning, truthful fto maine commencement by outlining a fewer cardinal elements successful my prepared remarks. First, I'll supply much item connected the Marketplace hazard accommodation situation we previewed earlier this month, including what happened and what actions we're taking to mitigate the fiscal interaction with an oculus to restoring the publication to profitability successful 2026. Second, I volition code the elevated aesculapian outgo inclination that drove our higher Q2 Medicaid HBR results, however we are addressing it and an updated presumption connected the affirmative progression of Medicaid rates. Third, I'll reappraisal our updated outlook for 2025.