Centene Sees FY24 Premium And Service Revenues Of $132B-$135B With Health Benefits Ratio Of 87.3%-87.9%
Portfolio Pulse from Benzinga Newsdesk
Centene Corporation projects its FY24 premium and service revenues to be between $132 billion and $135 billion, with a health benefits ratio (HBR) of 87.3% to 87.9%.
December 12, 2023 | 11:05 am
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Centene Corporation expects FY24 premium and service revenues to range from $132B to $135B, with a health benefits ratio of 87.3%-87.9%.
Centene's guidance for FY24 indicates a positive outlook on revenue, which could instill investor confidence and potentially lead to a short-term increase in stock price. The projected health benefits ratio is within industry norms, suggesting controlled costs relative to premiums, which is typically viewed favorably by investors.
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IMPORTANCE 85
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