Centene Corporation Reports Second Quarter 2024 Results

Details

The company reported an adjusted diluted EPS of $2.42, up 15% from the same period in 2023. Premium and service revenues increased by 3% to $36.0 billion. Membership in the Marketplace grew by 34% compared to the second quarter of 2023. The company also provided an update on its premium and service revenues guidance for 2024. The press release includes a reconciliation of non-GAAP financial measures and additional details on financial performance and metrics.

Items reported

Exhibits (1)

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.