secwatch.observer — SEC 8-K summary
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Issuer:     CENTENE CORP (CNC)
CIK:        0001071739
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001071739-24-000130
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Centene reaffirms FY adj EPS >$6.80, adds $125M reserve for 2025 MA bids; Medicaid costs elevated
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- Reaffirmed FY2024 adjusted diluted EPS >$6.80 and consolidated health benefits ratio 87.3%-87.9%.
- Added ~$125M Q4 premium deficiency reserve related to 2025 Medicare Advantage bids to adjusted EPS guidance.
- Medicaid segment experiencing higher than expected medical costs in April and early May 2024; just under 50% of rate changes expected July-October.
- Marketplace and Medicare segments performing as expected; strong premium revenue and investment income anticipated for Q2 and remainder of 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000130/0001071739-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000130/cnc-20240529.htm
  HTML page:      https://secwatch.observer/filing/0001071739-24-000130

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