Centene posts FY2023 adjusted EPS $6.68, up 15%; raises 2024 revenue guidance $2.5B

CENTENE CORP

2023-FY EPS reported $4.95 revenue$153,999,000,000

FY2023 adjusted diluted EPS $6.68 (up 15% from $5.78); GAAP diluted EPS $4.95.
Premium & service revenues $140.1B (+3% YoY); Q4 revenues $35.3B (+5% YoY).
Marketplace membership surged 88% to 3.9M; Commercial revenue +43% YoY.
Completed Circle Health & Operose Health divestitures; $1.6B share repurchases in 2023.
Raised 2024 premium & service revenue guidance to $134.5B-$137.5B; reaffirms adjusted EPS floor >$6.70.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CENTENE CORP reported fourth quarter and year ended December 31, 2023 results: revenue Premium and service revenues (in millions) $ 35,338 $ 140,095.

Period: fourth quarter and year ended December 31, 2023
Revenue: Premium and service revenues (in millions) $ 35,338 $ 140,095
Result: reported results

Exact text from the filing

as follows: 2023 Results Q4 Full Year Total revenues (in millions) $ 39,460 $ 153,999 Premium and service revenues (in millions) $ 35,338 $ 140,095 Health benefits ratio 89.5 % 87.7 % SG&A expense ratio 9.9 % 9.0 % Adjusted SG&A expense ratio (1) 9.7 % 8.9 % GAAP diluted EPS $ 0.08 $ 4.95 Adjusted diluted EPS (1) $ 0.45 $ 6.68 Total cash flow provided by operations (in millions) $ 217 $ 8,053 (1) Represents a non-GAAP financial measure.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CENTENE CORP reported fourth quarter and year ended December 31, 2023 results: revenue Premium and service revenues (in millions) $ 35,338 $ 140,095.

Period: fourth quarter and year ended December 31, 2023
Revenue: Premium and service revenues (in millions) $ 35,338 $ 140,095
Result: reported results

Exact text from the filing

Total revenues (in millions) $ 39,460 $ 153,999

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CENTENE CORP reported fourth quarter and year ended December 31, 2023 results: revenue Premium and service revenues (in millions) $ 35,338 $ 140,095.

Period: fourth quarter and year ended December 31, 2023
Revenue: Premium and service revenues (in millions) $ 35,338 $ 140,095
Result: reported results

Exact text from the filing

Premium and service revenues (in millions) $ 35,338 $ 140,095

View on SEC.gov

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CENTENE CORP filing history →

Source: SEC EDGAR

accession 0001071739-24-000018

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