and we Today, with topics. you, will Thank provide updates morning. on Julie you several good
We first XXXX. for the quarter will results financial cover our
our we update quarter then update of on provide guidance context growth our outlook future. will first in results We for the will XXXX our initiatives and and the an
with quarter me highlights. reported Last and $XXX we the earnings start income million of $X.X for adjusted revenue share first premium $X.XX with per billion. adjusted night, Let first quarter diluted net of of
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on operating our billion pleased approximately performance we earnings, very in the solid growth well, revenue. over share XXXX successfully first In Our as quarter executed are all this quarter annual delivered continued our $X and we first were and revenue and XX% premium of generating integrating representing increase summary, adjusted are a with as earnings deliver per accomplished strategy. the XX% we year-over-year $X.XX growth businesses in quarter of we to
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results the for Turning now margin our quarter. medical to
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We continue resources. our to effectively manage
the ratio G&A XXXX. adjusted in quarter quarter to identical of the reported Our for was X%, the X% first
DNA management our businesses of and Our which performance will offset of our produced our reflects leverage by targeted progress. cost substantial somewhat benefits fixed costs than by the the ratios acquired higher as integrations improve growth disciplined
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our through with guidance, premium Turning revenue. XXXX beginning
from For a premium year project increase $X full we billion the XXXX be previous XXXX, to more revenue than now over and increase guidance. billion $XX XX% our a
guidance associated our reflecting Recall, premium we through public on now includes the Specifically, pause and membership the health extension quarter. period, enrollment redeterminations, we Medicaid benefiting revenue which now enrollment the for the of from by emergency expected the third of are performance end marketplace strong emergency projecting could increase revenue the public that it of $XXX each full outlook health beyond and revenue said our previously. year retention mentioned the is May extended and had month million month updated
now members marketplace in end to than XX%. XXX,XXX premium more is be to marketplace with XXXX expect expected growth We revenue slightly over
XXXX. We summary, our excluded impact revenue have the signal In premium upside acquisitions. this premium in transactions pleased do from and We we our close any guidance revenue to to affinity trajectory. of these our representing expect very with are year growth
new a in win, of Medicaid well penetration products is organic our geographies, benefit growth between on in balanced our growth, acquisitions, and footprint. bolt contract Medicare in Our marketplace our existing greater expansions
guidance. earnings to now Turning
per our adjusted than year share. our share, of be no $XX.XX earnings guidance We an full to increase raising XXXX are to prior $XX per from guidance less $XX
the Specifically, combined the impacts towards impacts of guidance of Medicare. guidance and individually the effect sequestration other the delay the margin, XXXX increase and first reflects outperformance, earnings our revenue in the such earnings the in quarter associated minor increase as favorable
guidance our of a to factors. due variety however, have exogenous We hedged
any we and introduces First level are with a uncertainty foremost, pandemic utilization respect which healthcare still a to in of forecast.
acuity level levels monitor remaining COVID utilization added the utilization behavior, COVID of rebound which quickly rates. sharing infection the forecasting, member as the economy, will cautious year the and will we extent marketplace regard inherent corners what strength an forecasting utilization upon depend consumer continued trends to of With an provider our is we months respect the recognize We of How new and in create the in to of have to be element variability. uncertainty subsides. of pandemic risk trends and capacity closely with nine the to level there
create may that state to over be While predicting an any forecasting stake which underperformance or corridor variability. individual can in element or states a buffer of can over underperformance occur
initiatives. now Turning to growth update an on our
be have pleased our is win major business to on. Ohio. programs, This a innovative can strong to our are presence. our counted We of been regions the partner state statewide in awarded testimony in excellent and three in We a re-procurement contracts very the all that our were state service, relationships, Medicaid reputation rewarded maintaining contracts as
one to least introduce continuity did is the Medicaid importance of player of statewide program. care Ohio additional While the to at program, a utmost
returns Texas strategic is across that excess XXXX agreement As approximately be and us should to of leverage business current The $XX change. should a members MMP state and believe in deliver proceed the of such, modest Full STAR+PLUS operating our price accretive. revenue should expanded million, The an Texas. is three Cigna immediately from acquisition in $X the accretive, The and With of have benefit yet in purchase profile will our approximately well bolt position serves regions enterprise on example and presence re-procurement well we business acquisition. billion. XX,XXX with will cost membership project reason of process. every the another local capital, materially we not acquire to ADB year
for about is business. Finally, outlook our stable some environment comments longer current and rational. term The the rate
sharing and that public COVID are pandemic to to the the corridors related the will eliminated emergency be declared previously risk continue believe We as were introduced that subsides. Medicaid health
power of achieving of subsiding be performance earnings it them. and embedded our maturing, of as and with We about possibly is creates are businesses. embedded confidence the per even share the estimates context $X proceeding integrations accretion today a guidance. The than growth of earnings our exceeding earnings in than continue better adjusted our The our or higher the earnings original our the acquired and business, least to pandemic future have the exists attractive bullish In growth at acquisitions planned, combined outlook. high very we as operational emergence
that growth Our our first well. plan quarter demonstrates performance is working
to which built and us sound infrastructure, these maintain operationally allows operational We margins. execute attractive have
to We have platforms growth. drive our membership reinvigorated organic
and catalyzed have are capital flow opportunities growth our that mission for have businesses our about capabilities legislative, more we and look laser management continue longer team allocation investor to free The our and forward and are to September. accessing we shareholders. at growth our shareholder focus new and value. positive We established, create the trends RFP is our to sharing in and serve term members future in regulatory on on plans strategy disciplined, winning built well to and M&A and I political, focused cash generation day and
to our I formed color I years As our and Keim we everything will the steadfast express my to call everything Their service we want achieve and over for turn nearly remarks, skill, to some management financials. that, achieved colleagues. dedication foundation XX,XXX come. the my Molina additional for to team conclude have will on and Mark in I the With the gratitude
