secwatch.observer — SEC 8-K summary
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Issuer:     CENTENE CORP (CNC)
CIK:        0001071739
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001071739-23-000114
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centene Q1 adjusted EPS $2.11, raises FY2023 adjusted EPS guidance to at least $6.40
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- GAAP diluted EPS $2.04; adjusted diluted EPS $2.11; premium & service revenues $35.0B (+2% YoY).
- Health benefits ratio 87.0% (down from 87.3% YoY) driven by disciplined Marketplace pricing and favorable Medicare.
- FY2023 adjusted EPS guidance raised to at least $6.40; 2024 adjusted EPS target updated to >$6.60.
- Total at-risk membership 25.7M (+10% YoY); Marketplace membership up 52% to 3.1M.
- Cash flow from operations $4.3B; repurchased 4.9M shares for $377M in Q1, additional 3M shares in April.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071739/000107173923000114/0001071739-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071739/000107173923000114/cnc-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001071739-23-000114

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer