secwatch.observer — SEC 8-K summary
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Issuer:     CENTENE CORP (CNC)
CIK:        0001071739
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001071739-24-000158
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centene Q2 2024 adjusted EPS $2.42 (+15% YoY); reaffirms FY adj. EPS floor >$6.80
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- Adjusted diluted EPS $2.42, up 15% from $2.10 in Q2 2023; GAAP diluted EPS $2.16.
- Premium and service revenues $36.0B (+3% YoY); Marketplace membership up 34% to 4.4M; Medicaid membership down to 13.1M.
- HBR 87.6% vs 87.0% YoY, driven by higher Medicaid acuity; FY HBR expected at high end ~87.9%.
- Raises FY premium and service revenue guidance to $141-143B (up $5B); reaffirms adj. diluted EPS floor >$6.80.
- Agreed to sell Collaborative Health Systems to Astrana Health (close by end 2024); repurchased 10.7M shares for $800M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000158/0001071739-24-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071739/000107173924000158/cnc-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001071739-24-000158

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