Centene — Oct 25, 2024 release

In October 2024, the Company repurchased an additional 5.2 million shares for $380 million. As of October 25, 2024, $2.8 billion remains available under the Company's stock repurchase program. 4 Outlook The Company is updating its 2024 GAAP diluted EPS guidance floor to greater than $5.92 and reaffirming its 2024 adjusted diluted EPS guidance floor of greater than $6.80. A full reconciliation of adjusted diluted EPS is shown in the Non-GAAP Financial Presentation section of this release. The Company's updated annual guidance for 2024 is as follows and will be discussed further on our conference call: Full Year 2024 GAAP diluted EPS > $5.92 Adjusted diluted EPS (1) > $6.80 (1) A full reconciliation of adjusted diluted EPS is shown in the Non-GAAP Financial Presentation section of this release. Full Year 2024   Low High  Total revenues (in billions) $ 159.0  $ 161.0  Premium and service revenues (in billions) $ 143.5  $ 144.5  HBR 88.3  % 88.5  % SG&A expense ratio 8.5  % 8.7  % Adjusted SG&A expense ratio (2) 8.5  % 8.7  % Effective tax rate 22.9  % 23.9  % Adjusted effective tax rate (3) 24.0  % 24.5  % Diluted shares outstanding (in millions) 522.2  525.2  (2) Represents a non-GAAP financial measure. Adjusted SG&A expense ratio excludes acquisition and divestiture related expenses and severance costs due to a restructuring of approximately $85 million to $95 million. (3) Represents a non-GAAP financial measure. Adjusted effective tax rate excludes income tax effec