Centene Corporation
Centene Reports 2023 Earnings with Adjusted EPS of $6.68
Summary
Centene Corporation announced its financial results for Q4 and full-year 2023, reporting adjusted diluted EPS of $6.68, up from $5.78 in 2022. Total revenues increased to $153.999 billion, driven by growth in the Marketplace business and Medicaid rate increases. The company also increased its 2024 premium and service revenues guidance range by $2.5 billion. Additional details and context are provided in the attached press release as Exhibit 99.1.
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Exhibits (1)
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About Centene Corporation
Centene Corporation is a diversified healthcare enterprise providing a comprehensive range of managed care services to government-sponsored healthcare programs. Specializing in serving uninsured and underinsured populations, Centene offers health plans, benefits management, and other related services. It operates through two primary segments: Managed Care and Specialty Services. The Managed Care segment provides health plan coverage to individuals through Medicaid, Medicare Advantage, and the Health Insurance Marketplace, impacting millions of lives across the United States. Meanwhile, the Specialty Services segment enhances healthcare quality and affordability through offerings such as pharmacy solutions, behavioral health, and optometry services. Founded in 1984 and headquartered in St. Louis, Missouri, Centene plays a significant role in the healthcare sector by addressing accessibility and cost challenges, thereby shaping market trends and influencing policy developments. As a major participant in the managed care industry, Centene is crucial for promoting coordinated care and improving health outcomes for vulnerable populations.
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