ADDED
As of February 13, 2026, the registrant had 491,771 thousand shares of common stock issued and outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 44 Item 7A.
In particular, these statements include, without limitation, statements about our expected future operating or financial performance, changes in laws and regulations, market opportunity, expectations concerning pricing actions, competition, expected contract start dates and terms, expected activities in connection with completed and future acquisitions and dispositions, our investments and the adequacy of our available cash resources.
In addition, the year ended December 31, 2025, includes a tax benefit of $4 million, or $0.01 per share, related to tax adjustments on previously reported divestitures and impacts of the One Big Beautiful Bill Act (OBBBA).
(3) Reflects the $0.01 impact of using 494,502 thousand shares in the calculation of adjusted diluted EPS for the year ended December 31, 2025.
The additional 1,386 thousand shares for the year ended December 31, 2025 were excluded from the calculation of the GAAP net loss per share and related adjustments due to their anti-dilutive effect.
As the nation's largest managed care company focused on underserved populations, Centene is committed to helping people live healthier lives.
We believe the best way to deliver healthcare is with a personal approach, with local brands and local teams who live in, care about and directly influence the communities they serve a key differentiator in our ability to provide access to quality care for our members.
Our state-based plans are built on community expertise and backed by the depth, breadth, and experience of a leading national company.
By working hand-in-hand with providers, policymakers, and communities, we connect people to what matters most not just healthcare, but essentials like food, housing, utilities, and transportation to drive meaningful health outcomes.
REMOVED
As of February 14, 2025, the registrant had 496,044 thousand shares of common stock issued and outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 43 Item 7A.
In particular, these statements include, without limitation, statements about our expected future operating or financial performance, changes in laws and regulations (including but not limited to, renewal and modification of the enhanced advance premium tax credits associated with the Marketplace product), market opportunity, competition, expected contract start dates and terms, expected activities in connection with completed and future acquisitions and dispositions, our investments and the adequacy of our available cash resources.
Medical Management (USMM) due to the finalization of working capital adjustments of $13 million, or $0.02 per share ($0.02 after-tax) and costs related to the pharmacy benefits management (PBM) legal settlement of $6 million, or $0.01 per share ($0.00 after-tax).
The year ended December 31, 2022, includes tax expense of $107 million, or $0.18 per share, related to the Magellan Specialty Health divestiture and a $15 million, or $0.03 per share, tax benefit related to the RxAdvance impairment.
Centene is a leading healthcare enterprise that is committed to helping people live healthier lives.
The Company takes a local approach with local brands and local teams to provide fully integrated, high-quality and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals.
Our uniquely local approach with local brands and local teams who live in, care about and directly influence the communities they serve is a key differentiator in our ability to provide access to quality care to our members.
Centene treats the whole person, an approach that is delivered locally and backed by the scale of Centene's expertise, data and resources.
Through this approach and our commitment to sustainable partnerships, we work with local community organizations to realize our mission of transforming the health of the communities we serve, one person at a time.