Centene expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026, it said on Friday, sending its shares up 5% and reversing previous premarket losses.

In its second quarter, the Clayton-based company lost $253 million dollars, 51 cents a share. In the same period last year, Centene saw earnings of $2.26 a share.

The selloff came after Centene reported a second-quarter adjusted loss of 16 cents a share, even as revenue jumped 22% from a year ago to $48.7 billion. Analysts were expecting a profit of 11 cents a share on revenue of $44.