Centene posted $1.3 billion in net income in the first quarter, per its earnings report published April 25.
Total revenues in the first quarter were $46.6 billion, up 15.4% year over year.
The company reaffirmed its year-end adjusted EPS guidance of greater than $7.25.
The company’s medical loss ratio was 87.5% in the first quarter and 87.1% during the same period last year.
As of March 31, Centene’s total membership stands at more than 27.9 million. Medicaid membership has fallen to under 13 million, decreasing 2.5% year over year. There are 5.6 million exchange members, 448,000 commercial members, more than 1 million Medicare Advantage and supplement members, and 7.9 million Medicare prescription drug plans.
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