{"schema_version":"secwatch.filing_event.v1","accession":"0001071739-25-000128","form_type":"8-K","ticker":"CNC","cik":"0001071739","company_name":"CENTENE CORP","filed_at":"2025-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.267540+00:00","generated_at":"2026-05-18T09:52:14.973712+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Centene withdraws 2025 guidance due to $1.8B risk adjustment hit","bullets":["Withdraws 2025 GAAP and adjusted EPS guidance; preliminary $1.8B net risk adjustment revenue reduction (~$2.75 EPS impact).","Wakely data from 22 states (72% of Marketplace membership) shows significantly higher market morbidity than assumed.","Q2 Medicaid HBR expected higher than Q1 due to step-up in behavioral health, home health, and high-cost drug trends in NY and FL.","Medicare Advantage and PDP performing better than expected in Q2 2025; SG&A leverage continues.","Second quarter 2025 results to be reported on July 25, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001071739-25-000128","json":"https://secwatch.observer/filing/0001071739-25-000128.json","markdown":"https://secwatch.observer/filing/0001071739-25-000128.md","text":"https://secwatch.observer/filing/0001071739-25-000128.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1071739/000107173925000128/0001071739-25-000128-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1071739/000107173925000128/cnc-20250701.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:52:14.973712+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}