we earnings Ryan, and per $X.XX. thank share joining the for night, for after-tax reported earnings you million morning. Last of of you, Thank diluted $XXX quarter and all Pretax earnings us this first basis. on demonstrate pretax sustain position in results margins we X.X% reported the resulting XXXX. a $XXX and we of X.X% These respectively attractive can and in of million built margin after-tax
financial certainly top while our can all While should results conclusive, to not infrastructure quarter us our and grow to improvement durable, that line validate begin position allow operational these first the sustain again. and margins we
first we over year Our per start the the improvement diluted a of first XXXX. earnings quarter and the results represent a to $X.XX significant share strong reported in quarter
just As time last to recall, were we plan, our this yet had earnings. you profit beginning to manifest on year, improvement in itself will execute which
remainder largely year-over-year significant, prepared will of we our the the the our remarks, is quarterly quarter for compare improvement first expectations. performance to While in our own
slower on the to due in than basis, marketplace of the for issued revenue retention, midpoint better premium Highlighting guidance membership nearly better $X.XX expected Our have share to performance operational diluted quarter GAAP improvement of earnings of from an basis, of range to the and a trajectory profit billion quarter the a our coupled results of to was strong our attrition $X per February. a full-year guidance of allowed $XX on first $XX.XX us with increase raise during our quarter. initiatives consolidated membership
regions as in announced. Medicaid due as New membership Florida expected, of transitioned revenue but and two of exited decreased out December as of has to As previously out all lower we premium sequentially Mexico XXst
agreement. claims of development Our payment improvement risk quality of prior utilization medical benefit and re-contracted the adjustment favorable in our frontline favorable to was result process, reserve and importantly effort pharmacy but our repricing care expectations integrity XX.X% management, ratio the of as more our year newly
quarter first environment. impacted medical performance our cost stable a XXXX positively trend focused by management continued was and on Our
development the these medical trends together, such proven conservatively diluted have share, XXXX $X.XX far of off of a or and as continued million forecast in to XXXX We have cost trend expectations. $XX which our baseline that per so our G&A These factors we better initial approximately and prior-year was of stated. in nearly be produced baseline ratio guidance. which X.X% our managed favorable to XXXX than Taken did not
with effectively our to expenses the lower despite manage associated the revenue. continued in We quarter headwinds premium
initiatives, and typically Combined, of the year G&A sales and care the G&A higher expenses we after-tax enabled costs ratio deliver medical for latter our Medicare the us due see the margin to of marketplace X.X%. as improvement in reminder, a favorable an marketing ratio part as expense As well enrollment. with profit and to associated open
I this after-tax for the first target have an and we Now Medicaid quarter trends of margins line the The in business. XX.X% of our forecasted by margin Medical on business. of will an in achieved the quarter business squarely range Care ratio comment X.X%
Let me ABD favorable the performance and the better expected. Medicaid TANF insight business. provide additional of some than into performed
expectations comment other withholds. cost quarter trends general remain in more slightly specific later. some dynamics, well-managed. Specialty on sequentially, and we revenue expansions retained plans quality, trends due incentive which pharmacy lower Medical While the to our ran and in underperformed in cost we will
and is well positioned business producing well, margins Medicaid to performing Our top-tier grow.
products MMP a outperforming on X.X%, strong, specifically business to produced product and our expectations. the ratio favorable managing care MMP results. lines, of DSNP we Medicare medical comprising also year approximately Medicare, both after-tax an More produced and our of DSNP margin started Our XX.X%,
benefits a MMP product. quality providing access leading We embedded continue high members management healthcare of and in our demonstrate excellence which our to acuity This managing are LTSS market high at includes reasonable cost. by to
quality enhanced a risk new acuity risk pricing becoming we We in as see the more the population XXXX. this by to revenue of competitive efforts Medicare in as to the risk confidence results has our we start This and of us need our and adjustment and excellent and benefits beginning this more are gives adjustment are increased. strategy, counties commensurate bidding XXX with expand XXXX the year even our business scores
XXXX for scaled year, and position. a maintain perform XXXX now the Finally, rating that business profitable grow Recall to We have plan margin well. took and to a underwriting our business marketplace beyond. attractive our posture in continues we that we to conservative
First quarter highlights. the following had marketplace than performance members, quarter We the original XXX,XXX better ended was which approximately expectations. with our
pool we continue likely a We to and are expected. the will generating than as more scores less and risk generate accurate pay risk into result
again front-loaded ratio and seasonality care periods. a both Texas medical favorably both improved compares was our and have forecast profitable as performance in we our benefit In trajectory design. to to growth. some Washington business us due over profile be and most which and profitability sequentially. Our margin California continues product flexibility this stronghold, significantly notably pursue while XXXX XX.X% year-over-year and And to give to as current marketplace
Now quarter of plans. I operated first lens on locally the through our will health comment the
has portfolio health year plan Our the started strong.
XX the or quarter XX exceeding meeting for As plans margins. of are their target
Our to Florida largest as dividends health Michigan health frontline In points were from plans risk of centralized primarily operating drive the both it a performance. a support effectively XXX Medicaid solid behavioral had quarter model fourth empower to managed quarters. expansion regions. in adequately rated. performer newly of in the pool quarter, the as of was pay across it's Illinois, and our decision-making California, Texas, shift our corporate few due from basis plans strong we Medicaid to continues four transition comments services carved health with our plans oversight. significant disciplined on out Ohio, local a very which MCR the A in benefit, and by not and increased
pressure reflected soon new from members fourth members of rates. and and experienced the benefit. re-procurement a plan successful we to the abate will line-of-business as This phenomena new medical new higher We direct expect carve-in quarter Washington in gained compared in the both behavioral benefit the wide the the be as our of mature. XXXX Medicaid to result of our costs cost
now our the to parent approximately delivered capital quarter. company sheet the We Turning first million balance in dividends to and of $XXX structure.
including for from excess of We of parent the Florida approximately expect dividends surplus statutory and Mexico. obtain million to company balance the $XXX the year, additional New
we of continue outstanding, We have balance improve expensive additional exposure operating these to metrics, our $XX negatively convertible sheet to that count. pleased value very notes and continued we our health capital our money product performance of million face Approximately reduce impact share summary, with debt. management. XXXX the with In remain are lines as plans, to our converts all and to first across quarter in respect the retiring of
our address and earnings will updated guidance. Now XXXX increased I
on XXXX earnings $X.XX raise for the we performance are the quarter product do the development, quarter increasing prior will of lines a of backed now our more which And with year quick $X.XX previous executing as growth. our solid The the $XX of a quarter a $X.XX is per we first $X.XX targets. of range practice. share in matter balance update provide performance all than above our we of for original reserve project $X.XX of in midpoint raised the The We guidance comprise of a out This first our or to the a XXXX quarter for of the $X.XX favorable $XX.XX guidance out to forecast after-tax performance of increase not have midpoint of to $XX.XX. represents share remainder margin earnings exceed for all $X.XX XX% as a year year. forecast. we initiatives I are top-line by first momentum and per
a this upcoming Investor XXth. May more spend note, we Day our at will on As topic side on time
XXXX. DSNP our for expand to in new filed have approximately counties XXX We footprint
XXXX committed pricing grow overall even that ensuring We means dollars marketplace our are measured overall strategy remain margins. that marketplace lower currently profit growth executing if and to
deployed our are Kentucky network. Medicaid building have locally/ a authority and with preparing for RFP actively are We resources We certificate of the
incremental have Awards in We we Plus our plans in Star and continue and CHIP continue XXXX, STAR and the health coming to Texas expect months. membership successful in in to Mississippi Illinois growth confidence
efforts recovery on have Our opportunities. focus growth to enabled successful margin additional us effort
acquisitions through We new carve-ins of continue adjacent procurements, health benefit product existing opportunities and small expansion geographies. our plans, to evaluate state in
to highlight week what a for present Let me from briefly now. we plan
each you and detailed details We a along our where lines. with strategy, product we in will what view top-line of granular our of of sell, provide whom with will and to growth
our results our executive with allocation continual a part three-part you position, margin share. our our good after for conclusion, model, will sustainability, provide tax our plan approach drive start. second initiatives, our the leadership our team sustain quarter robust topics margins hear the ability top-line you shareholder support long-term from capital will We and In attractive value. other very first pleased Margin and strong to to of year. off are that our with create to earnings is start our to and per about tactical outlook growth to And revenue our we
upcoming the excited We three, already phase future for and growth to awaits us longer-term Day sharing more and XXXX plans Tom what May on detail I strategy forward City. New Tran our will launched about over for and financials. have we our I the York Investor of call phase are XXth turn revenue the for top-line the at more look beyond. that remainder With to on in growth Tom? the
