THE INTRADAY

CNC · Company KPIs

Centene (CNC) KPIs

Total at-risk membership, Health benefits ratio (HBR), SG&A expense ratio, Days in claims payable (DCP). As reported in SEC filings, with the source line for each figure.

Total at-risk membership

25.7M at Sep 30, 2026

Dec 31, 2024: 25.85MMar 31, 2025: 27.94MJun 30, 2025: 28MSep 30, 2025: 27.97MDec 31, 2025: 27.63MMar 31, 2026: 26.27MJun 30, 2026: 25.89MSep 30, 2026: 25.7MDec 31, 2024Sep 30, 2026

The filings read for this page do not define this measure.

Total at-risk membership, as first reported, with the line it was read from
Period endedFigureFiling text
Sep 30, 202625.7MTotal at-risk membership · 25,698,200 · 27,633,500 · 27,968,10010-Q filed 2026-10-27
Jun 30, 202625.89MTotal at-risk membership · 25,885,400 · 27,633,500 · 28,004,90010-Q filed 2026-07-28
Mar 31, 202626.27MTotal at-risk membership · 26,272,900 · 27,633,500 · 27,968,100 · 28,004,900 · 27,944,0008-K filed 2026-04-28
Dec 31, 202527.63MTotal at-risk membership · 27,633,500 · 27,968,100 · 28,004,900 · 27,944,000 · 25,853,6008-K filed 2026-02-06
Sep 30, 202527.97MTotal at-risk membership · 27,968,100 · 28,004,900 · 27,944,000 · 25,853,600 · 25,893,0008-K filed 2025-10-29
Jun 30, 202528MTotal at-risk membership · 27,968,100 · 28,004,900 · 27,944,000 · 25,853,600 · 25,893,0008-K filed 2025-10-29
Mar 31, 202527.94MTotal at-risk membership · 27,968,100 · 28,004,900 · 27,944,000 · 25,853,600 · 25,893,0008-K filed 2025-10-29
Dec 31, 202425.85MTotal at-risk membership · 27,968,100 · 28,004,900 · 27,944,000 · 25,853,600 · 25,893,0008-K filed 2025-10-29

Health benefits ratio (HBR)

92.7% for the period ended Sep 30, 2026

Dec 31, 2024: 89.6%Mar 31, 2025: 87.5%Jun 30, 2025: 93%Sep 30, 2025: 92.7%Dec 31, 2025: 94.3%Mar 31, 2026: 87.3%Jun 30, 2026: 89.6%Sep 30, 2026: 92.7%Dec 31, 2024Sep 30, 2026

The company’s definition: The health benefits ratio (HBR) represents medical costs as a percentage of premium revenues, excluding premium tax revenues that are separately billed, and reflects the direct relationship between the premiums received and the medical services provided. Source

Health benefits ratio (HBR), as first reported, with the line it was read from
Period endedFigureFiling text
Sep 30, 202692.7%The HBR for the three months ended September 30, 2026, was 92.7%, unchanged from 92.7% in the same period in 2025.10-Q filed 2026-10-27
Jun 30, 202689.6%The HBR for the three months ended June 30, 2026, was 89.6%, compared to 93.0% in the same period in 2025.10-Q filed 2026-07-28
Mar 31, 202687.3%HBR · 87.3% · 87.5%8-K filed 2026-04-28
Dec 31, 202594.3%HBR · 94.3% · 89.6% · 91.9% · 88.3%8-K filed 2026-02-06
Sep 30, 202592.7%HBR · 92.7% · 89.2% · 91.1% · 87.9%8-K filed 2025-10-29
Jun 30, 202593%The HBR for the three months ended June 30, 2026, was 89.6%, compared to 93.0% in the same period in 2025.10-Q filed 2026-07-28
Mar 31, 202587.5%HBR · 87.3% · 87.5%8-K filed 2026-04-28
Dec 31, 202489.6%HBR · 94.3% · 89.6% · 91.9% · 88.3%8-K filed 2026-02-06

SG&A expense ratio

7.2% for the period ended Sep 30, 2026

Dec 31, 2024: 8.9%Mar 31, 2025: 7.9%Jun 30, 2025: 7.1%Sep 30, 2025: 7%Dec 31, 2025: 7.5%Mar 31, 2026: 7.6%Jun 30, 2026: 7%Sep 30, 2026: 7.2%Dec 31, 2024Sep 30, 2026

The company’s definition: The SG&A expense ratio represents SG&A costs as a percentage of premium and service revenues, excluding premium taxes separately billed. Source

SG&A expense ratio, as first reported, with the line it was read from
Period endedFigureFiling text
Sep 30, 20267.2%The SG&A expense ratio was 7.2% for the third quarter of 2026, compared to 7.0% in the third quarter of 2025.10-Q filed 2026-10-27
Jun 30, 20267%The SG&A expense ratio was 7.0% for the second quarter of 2026, compared to 7.1% in the second quarter of 2025.10-Q filed 2026-07-28
Mar 31, 20267.6%SG&A expense ratio · 7.6% · 7.9%8-K filed 2026-04-28
Dec 31, 20257.5%SG&A expense ratio · 7.5% · 8.9% · 7.4% · 8.5%8-K filed 2026-02-06
Sep 30, 20257%SG&A expense ratio · 7.0% · 8.3% · 7.3% · 8.4%8-K filed 2025-10-29
Jun 30, 20257.1%The SG&A expense ratio was 7.0% for the second quarter of 2026, compared to 7.1% in the second quarter of 2025.10-Q filed 2026-07-28
Mar 31, 20257.9%SG&A expense ratio · 7.6% · 7.9%8-K filed 2026-04-28
Dec 31, 20248.9%SG&A expense ratio · 7.5% · 8.9% · 7.4% · 8.5%8-K filed 2026-02-06

Days in claims payable (DCP)

48 at Sep 30, 2026

Dec 31, 2024: 53Mar 31, 2025: 49Jun 30, 2025: 47Sep 30, 2025: 48Dec 31, 2025: 46Mar 31, 2026: 48Jun 30, 2026: 47Sep 30, 2026: 48Dec 31, 2024Sep 30, 2026

The filings read for this page do not define this measure.

Days in claims payable (DCP), as first reported, with the line it was read from
Period endedFigureFiling text
Sep 30, 202648DAYS IN CLAIMS PAYABLE · 48 · 47 · 48 · 46 · 488-K filed 2026-10-27
Jun 30, 202647DAYS IN CLAIMS PAYABLE · 47 · 48 · 46 · 48 · 478-K filed 2026-07-28
Mar 31, 202648DAYS IN CLAIMS PAYABLE · 48 · 46 · 48 · 47 · 498-K filed 2026-04-28
Dec 31, 202546DAYS IN CLAIMS PAYABLE · 46 · 48 · 47 · 49 · 538-K filed 2026-02-06
Sep 30, 202548DAYS IN CLAIMS PAYABLE · 48 · 47 · 49 · 53 · 518-K filed 2025-10-29
Jun 30, 202547DAYS IN CLAIMS PAYABLE · 48 · 47 · 49 · 53 · 518-K filed 2025-10-29
Mar 31, 202549DAYS IN CLAIMS PAYABLE · 48 · 47 · 49 · 53 · 518-K filed 2025-10-29
Dec 31, 202453DAYS IN CLAIMS PAYABLE · 48 · 47 · 49 · 53 · 518-K filed 2025-10-29

Reading notes

Figures are shown as first reported. If a later filing prints a different figure for the same period, both appear. A figure marked ≈ or shown in words is how the company itself states it, not an estimate of ours. Companies change definitions over time, so compare periods with the quoted definition in mind. Periods that failed our checks are left out, so gaps are expected.

This page shows the latest 8 periods of each metric.