Three Months Ended
December 31,

Year Ended

December 31,

2023

2022

2023

2022

(Unaudited)

(Unaudited)

(Unaudited)

Revenues:

Premium

$        34,232

$        31,884

$      135,636

$   127,131

Service

1,106

1,669

4,459

8,348

Premium and service revenues

35,338

33,553

140,095

135,479

Premium tax

4,122

2,008

13,904

9,068

Total revenues

39,460

35,561

153,999

144,547

Expenses:

Medical costs

30,634

28,268

118,894

111,529

Cost of services

961

1,374

3,564

7,032

Selling, general and administrative expenses

3,488

3,198

12,563

11,589

Depreciation expense

139

144

575

614

Amortization of acquired intangible assets

176

208

718

817

Premium tax expense

4,205

2,072

14,226

9,330

Impairment

51

579

529

2,318

Total operating expenses

39,654

35,843

151,069

143,229

Earnings (loss) from operations

(194)

(282)

2,930

1,318

Other income (expense):

Investment and other income

401

493

1,393

1,279

Debt extinguishment

—

4

—

30

Interest expense

(183)

(174)

(725)

(665)

Earnings before income tax

24

41

3,598

1,962

Income tax (benefit) expense

(15)

260

899

760

Net earnings (loss)

39

(219)

2,699

1,202

Loss attributable to noncontrolling interests

6

6

3

—

Net earnings (loss) attributable to Centene Corporation

$                45

$           (213)

$          2,702

$       1,202

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

Basic earnings (loss) per common share

$            0.08

$          (0.38)

$            4.97

$         2.09

Diluted earnings (loss) per common share

$            0.08

$          (0.38)

$            4.95

$         2.07

Weighted average number of common shares outstanding:

Basic

534,254

559,934

543,319

575,191

Diluted

537,614

559,934

545,704

582,040