secwatch.observer — SEC 8-K summary
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Issuer:     CENTENE CORP (CNC)
CIK:        0001071739
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001071739-24-000151
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Centene books $0.7B net risk adjustment gain; prelim Q2 adj. EPS $2.42
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- CMS final 2023 risk adjustment receivable $0.0B vs. Centene's $1.3B net payable recorded.
- Net outperformance of $0.7B from final risk adjustment recorded in Q2 2024.
- Preliminary Q2 2024 GAAP diluted EPS $2.16; adjusted diluted EPS $2.42.
- Full-year 2024 guidance reaffirmed: GAAP EPS >$5.94, adjusted EPS >$6.80.
- Minimum MLR payable to increase ~$0.1B in H2 2024; net 2024 outperformance est. $0.6B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000151/0001071739-24-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000151/cnc-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001071739-24-000151

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