Three Months Ended
June 30,

Six Months Ended
June 30,

2024

2023

2024

2023

Revenues:

Premium

$     35,140

$     33,713

$     70,669

$     67,538

Service

833

1,125

1,641

2,252

Premium and service revenues

35,973

34,838

72,310

69,790

Premium tax

3,863

2,770

7,933

6,707

Total revenues

39,836

37,608

80,243

76,497

Expenses:

Medical costs

30,765

29,347

61,697

58,781

Cost of services

680

877

1,349

1,747

Selling, general and administrative expenses

2,894

3,016

6,112

6,027

Depreciation expense

133

146

268

288

Amortization of acquired intangible assets

173

179

346

362

Premium tax expense

3,962

2,854

8,123

6,865

Impairment

—

18

13

38

Total operating expenses

38,607

36,437

77,908

74,108

Earnings from operations

1,229

1,171

2,335

2,389

Other income (expense):

Investment and other income

463

425

1,008

778

Interest expense

(176)

(181)

(354)

(361)

Earnings before income tax

1,516

1,415

2,989

2,806

Income tax expense

370

360

685

621

Net earnings

1,146

1,055

2,304

2,185

Loss attributable to noncontrolling interests

—

3

5

3

Net earnings attributable to Centene Corporation

$       1,146

$       1,058

$       2,309

$       2,188

Net earnings per common share attributable to Centene Corporation:

Basic earnings per common share

$         2.16

$         1.93

$         4.34

$         3.98

Diluted earnings per common share

$         2.16

$         1.92

$         4.32

$         3.96

Weighted average number of common shares outstanding:

Basic

529,602

548,932

532,385

549,850

Diluted

530,755

550,308

534,517

551,996