Centene released its earnings guidance for 2025 as a part of its investor day on Thursday.
The health insurer expects to bring in between $166.5 billion and $169.5 billion in revenue for the year, including between $154 billion and $156 billion in premium and service revenue, according to the announcement. It also estimates earnings per share of at least $7.25 in 2025.
The company is bracing for elevated utilization trends to continue as well, according to the announcement. It projects a medical loss ratio of between 88.4% and 89%.
"Centene is a mission driven organization, dedicated to delivering high quality outcomes for more than 28 million members, many of whom are among the nation's most medically complex and historically underserved populations," said Sarah London, Centene's CEO, in the press release. "Over the last three years we improved our core operations and invested in the experience of our customers and providers, all while delivering on our financial commitments."
Alongside establishing its outlook for 2025, Centene reaffirmed that it expected to bring in between $143.5 billion and $144.5 billion in premium and service revenue for 2024. It also estimates earnings per share of at least $6.80 and an MLR of between 88.3% and 88.5% for this year.
The company will report its full-year and fourth-quarter earnings Feb. 4.
The insurer announced a week ago that it would host the investor event virtually following the death of UnitedHealthcare CEO Brian Thompson on Dec. 4. Thompson was fatally shot in Manhattan while on his way to UnitedHealth Group's own investor day that morning.
"All of us at Centene are deeply saddened by Brian Thompson's death and want to express our support for all of those affected. Health insurance is a big industry and a small community; many members of the CenTeam crossed paths with Brian during their careers," London said in the announcement. "He was a person with a deep sense of empathy and clear passion for improving access to care. Our hearts are with his family and his colleagues during this difficult time."