Centene Q3 2023 Earnings Report
Key Takeaways
Centene Corporation announced its financial results for the third quarter ended September 30, 2023. The company reported adjusted diluted EPS of $2.00, up over 53% from $1.30 in the third quarter of 2022. It increased its 2023 full year adjusted diluted EPS guidance by $0.15 to at least $6.60 and reiterated its 2024 adjusted diluted EPS floor of greater than $6.60.
Adjusted diluted EPS of $2.00, up over 53% from $1.30 in the third quarter of 2022.
Increased 2023 full year adjusted diluted EPS guidance by $0.15 to at least $6.60; reiterated 2024 adjusted diluted EPS floor of greater than $6.60.
Marketplace exceeded 3.6 million members as of September 30, 2023, compared to 2.1 million members as of September 30, 2022.
Continued execution on cash flow generation; $773 million of share repurchases in the third quarter of 2023 and year-to-date repurchases of $1.6 billion.
Centene
Centene
Centene Revenue by Segment
Forward Guidance
The Company is increasing its 2023 adjusted diluted EPS guidance by $0.15 to at least $6.60 and is increasing its 2023 premium and services revenues guidance range by $500 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income