The nation’s insurers have filed their fourth-quarter earnings reports, showing which recorded the largest net income in 2025.
Financial
Most of the country’s largest insurers reported year-over-year increases in medical cost ratios in 2025. Centene reported the highest medical loss ratio at 91.9%, driven by higher marketplace medical costs, Medicaid cost pressures in behavioral health and home health, and…
Humana lost $796 million in the fourth quarter of 2025, according to the company’s year-end earnings report published Feb. 11. The results reflect a higher medical loss ratio driven by a shift in business mix and the impact of the…
CVS Health reported less than $1.8 billion profit in 2025, down 61.8% year over year, according to a Feb. 10 earnings release. Fourth-quarter net income attributable to CVS Health was $2.9 billion, up about 80% from the same period the…
Oscar Health posted a $443 million net loss in 2025 after posting a $25 million profit the year before, as rising medical costs and higher risk adjustment transfers overwhelmed membership gains, according to its fourth quarter earnings report published Feb.…
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CMS released participation data Feb. 4 for Medicare accountable care organizations in 2026, showing continued growth in enrollment and a record number of beneficiaries served by the Shared Savings Program. Six things to know:
Centene lost nearly 500,000 Medicaid members in 2025, but posted 26% enrollment growth in its marketplace segment, according to the company’s fourth quarter and full year earnings report published Feb. 6. Total revenues in the fourth quarter were $49.7 billion,…
The Cigna Group reported nearly $6 billion in profits in 2025, according to the company’s fourth quarter earnings report published Feb. 5. Total revenues in the fourth quarter were $72.5 billion, up 10% year over year. Total revenues in 2025…
Combined profit margins across BCBS plans sank to 1.4% as of third-quarter 2025, according to a Jan. 29 analysis of Mark Farrah Associates’ Health Coverage Portal. The report covered BCBS Association licensees and unaffiliated plans. The team compared composite third-quarter…
Elevance Health posted nearly a $5.7 billion profit in 2025, the insurer revealed in its full-year and fourth-quarter earnings report published Jan. 28. Elevance had cut its earnings guidance in July due to steeper individual market and Medicaid costs. Total…