Three Months Ended
June 30,

Six Months Ended
June 30,

2023

2022

2023

2022

Revenues:

Premium

$    33,713

$     31,510

$     67,538

$    63,399

Service

1,125

2,458

2,252

4,801

Premium and service revenues

34,838

33,968

69,790

68,200

Premium tax

2,770

1,968

6,707

4,921

Total revenues

37,608

35,936

76,497

73,121

Expenses:

Medical costs

29,347

27,312

58,781

55,150

Cost of services

877

2,099

1,747

4,087

Selling, general and administrative expenses

3,016

2,800

6,027

5,545

Depreciation expense

146

164

288

320

Amortization of acquired intangible assets

179

199

362

398

Premium tax expense

2,854

2,041

6,865

5,047

Impairment

18

1,450

38

1,450

Total operating expenses

36,437

36,065

74,108

71,997

Earnings (loss) from operations

1,171

(129)

2,389

1,124

Other income (expense):

Investment and other income

425

42

778

94

Debt extinguishment

—

13

—

16

Interest expense

(181)

(162)

(361)

(322)

Earnings (loss) before income tax

1,415

(236)

2,806

912

Income tax expense (benefit)

360

(65)

621

231

Net earnings (loss)

1,055

(171)

2,185

681

(Earnings) loss attributable to noncontrolling interests

3

(1)

3

(4)

Net earnings (loss) attributable to Centene Corporation

$       1,058

$        (172)

$       2,188

$          677

Net earnings (loss) per common share attributable to Centene Corporation:

Basic earnings (loss) per common share

$         1.93

$       (0.29)

$         3.98

$         1.16

Diluted earnings (loss) per common share

$         1.92

$       (0.29)

$         3.96

$         1.15

Weighted average number of common shares outstanding:

Basic

548,932

583,644

549,850

583,435

Diluted

550,308

583,644

551,996

590,226