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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100