Three Months Ended March 31,

2024

2023

Revenues:

Premium

$                  35,529

$                  33,825

Service

808

1,127

Premium and service revenues

36,337

34,952

Premium tax

4,070

3,937

Total revenues

40,407

38,889

Expenses:

Medical costs

30,932

29,434

Cost of services

669

870

Selling, general and administrative expenses

3,218

3,011

Depreciation expense

135

142

Amortization of acquired intangible assets

173

183

Premium tax expense

4,161

4,011

Impairment

13

20

Total operating expenses

39,301

37,671

Earnings from operations

1,106

1,218

Other income (expense):

Investment and other income

545

353

Interest expense

(178)

(180)

Earnings before income tax

1,473

1,391

Income tax expense

315

261

Net earnings

1,158

1,130

Loss attributable to noncontrolling interests

5

—

Net earnings attributable to Centene Corporation

$                    1,163

$                    1,130

Net earnings per common share attributable to Centene Corporation:

Basic earnings per common share

$                       2.17

$                       2.05

Diluted earnings per common share

$                       2.16

$                       2.04

Weighted average number of common shares outstanding:

Basic

535,109

550,779

Diluted

538,060

553,845