Centene Corporation (NYSE:CNC) Q4 2023 Earnings Conference Call February 6, 2024 8:30 AM ET

Company Participants

Sarah London - Chief Executive Officer

Ken Fasola - President

Drew Asher - Chief Financial Officer

Jenn Gilligan - Head of Investor Relations

Conference Call Participants

Stephen Baxter - Wells Fargo

Josh Raskin - Nephron Research

Kevin Fischbeck - Bank of America

Justin Lake - Wolfe Research

AJ Rice - UBS

Scott Fidel - Stephens

Lance Wilkes - Bernstein

Cal Sternick - JP Morgan

Gary Taylor - TD Cowen

George Hill - Deutsche Bank

Dave Windley - Jefferies

Sarah James - Cantor

Nathan Rich - Goldman Sachs

Operator

Good day and welcome to the Centene fourth quarter and full year 2023 earnings results conference call.

All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today’s presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two.

Please note today’s event is being recorded.

I would now like to turn the conference over to Jenn Gilligan, Head of Investor Relations. Please go ahead, ma’am.

Jenn Gilligan

Thank you Rocco and good morning everyone. Thank you for joining us on our fourth quarter and full year earnings results conference call. Sarah London, Chief Executive Officer, and Drew Asher, Executive Vice President and Chief Financial Officer of Centene will host this morning’s conference call, which also can be accessed through our website at centene.com. Ken Fasola, Centene’s President will also be available as a participant during Q&A.

Any remarks that Centene may make about future expectations, plans and prospects constitute forward-looking statements for the purpose of the Safe Harbor provision under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by those forward-looking statements as a result of various important factors, including those discussed in Centene’s most recent Form 10-K filed on February 21, 2023 and other public SEC filings. Our Form 10-K for 2023 will be filed in coming weeks.

Centene anticipates that subsequent events and developments may cause its estimates to change. While the company may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.

This call will also refer to certain non-GAAP measures. A reconciliation of these measures with the most direct comparable GAAP measures can be found in our fourth quarter 2023 press release, which is available on the company’s website under the Investor section. The company is unable to provide a reconciliation of certain 2024 measures to the corresponding GAAP measures without unreasonable effort to due to the difficulty of predicting the timing and amounts of various items within a reasonable range.