our we results good guidance for growth. of full strategy Thank the growth first morning. you, with our context reaffirmation XXXX; initiatives financial and of quarter our Today, our quarter for on the in first several the and profitable will topics: you And year sustaining provide Joe. results updates our XXXX
with highlights. quarter reported diluted $XXX income first $X.XX me Last quarter with Let million. night, adjusted first net adjusted of earnings the for of start we share per the
revenue year-over-year and $X.X strong First quarter premium to Medicaid driven membership by XX% grew billion, in Medicare. gains
our Our approximately in line our net long-term XX.X% In quarter the per strong XX squarely range by to performance challenges. increased by quarter, pandemic-related consolidated target points, continue and $X.XX. in MCR the MCR decreasing share basis as even the is consolidated first operating we net demonstrates navigate COVID effective with approximately diluted
quarter. Within mostly were our utilization, is curtailment normal X.X%, produced impact, end we and high the the an the patterns. continued costs costs effect throughout of adjusted surging the that the and in beginning the and result COVID then at related range the of January medical effective cost seasonal off steadily quarter margin COVID very pandemic-related strong management. a the long-term subsiding of by COVID in of with the pandemic, consistent after-tax since of inpatient target highest month were net These Despite
year. or premium Turning revenue X.X recent performance result the Medicaid approximately of as with now The our Medicaid increase enduring pause. balanced and excellent business year business margins million Increased quarter, with by a organic acquisitions to follows. members which In of continued are to line ratio Medicaid, business. long-term redetermination was the we at gains XX.X%, flagship our our care strong ended approximately of XX% medical Medicaid the we by our line membership target. in drove highlights the In highlights with is first generate in supported of XXX,XXX an year-over-year. quarter growth XX% over This
a XX for sound of rate to well cost stable benefit outperformance, rates excellent process portfolio prevail, and trend our but rate corridors continue reprocurements, establishes with And and strategy. some provides continue contract the remaining to risk-sharing medical state diversified setting actuarially The medical few controlled. these risk distribution setting Our credible of and time. Poor to be related capture baseline contracts and trends COVID changes. execute we our we cost to over remain of expect eliminated growth forward
In customers, are shares quarter XXX,XXX ended the our market small of be XX%. significant XX% state in-state growth revenue Our related to to year-over-year, growth yet or to with growth enough members opportunity. relevant Medicare, support enough with premium large we
and share and organic to driven as and increase performance products expand footprint existing we Our gains footprint. by match continue was Medicaid to our our our MAPD and D-SNP market primarily our geographically
Medicare Our The effectuation very enrollment. basis book below open in at range, the and rates we our later from pressure. the with This higher-than-expected XX.X%, strategy the the communicated even year by long-term consistent of driven reposition is XXX stages members. result on projected, In was end low which to quarter business with risk quarter and previously absorbing reported points its XXX,XXX the premium than during COVID-related marketplace MCR higher declines our target are prior strong of previously ended of membership is of profile. after
in portfolio. Our the more is marketplace business now overall sized appropriately
is XX.X%. restore COVID-related implementation even of margins. successful points and line Our after This target our strategy was business quarter pressure target, this of in the with reflects first to basis absorbing marketplace our XXX MCR long-term result to
to a is us strong membership in gives discuss and goal. mix continues revenue, summary operating results, silver-tier XX% business, we favorable produce our a our start. the the flow. flagship representing will of cash and will of products, moment, to very margin confidence predictable renewal that strong, achieve XXXX Medicaid, great XXXX Mark off As In
a Medicare high niche for government long-term subsidized at company product and success revenue. is total X% organically acuity in to grow now target Our members complimentary low-income strategy serving marketplace our continues margins. In premium of exceeded our well-positioned
We million our approximately guidance. previous revenue. with now guidance, premium beginning project revenue $XX.XX or approximately now be to premium above Turning $XXX to our billion XXXX
revenue growth long-term rates consistent with are our targets. Our
April the Specifically, includes our associated emergency $XXX $XXX guidance public revenue now as health of Approximately of premium updated members. And of marketplace million million $XXX the related the revenue revenue approximately from to we redeterminations. suspension resulting Medicaid state-based July membership XXX,XXX additional passthrough and open stronger to enrollment extension now approximately approximately to expect payments. XXXX million resulting of with end revenue from from
of any in As which revenue to from in AgeWell the acquisition, impact expect year. third premium excluded past, close quarter the of our we this have guidance, we the
earnings earnings than less to guidance We Turning are our per guidance: $XX.XX. to full share XXXX know adjusted year now increasing
of favorable COVID. quarter rest first in the the in Specifically business underlying with is $X.XX offset performance, revenue, our increase the strong of net share a the increased the impacts XXXX in earnings guidance strength premium by per the largely the year, of of increase effect associated which combination in our reflects margin projected
the nine forecasting trend cost We trend. tune believe will core seasoned membership utilization allow well the the remaining months COVID, utilization in at end of medical curtailment uncertainties our trends us of medical to our core remained Due COVID medical second as of cautious year. quarter have in to cost as related the cost fine and of the related and we have forecast to enough
our consistent our share revenue outlook growth earnings growth We long-term targets, margin range features XX%. rates and are long-term per in strong confident that guidance with of our midpoint tax at after XXXX and of the
the sustaining start strategy retaining record, update on year, confident Building now successfully off last strong are in our to that currently on a Turning momentum our we process. track an growth. XXXX. Based from to are for we Medicaid in on profitable procurement are our a in past contract
been have being RFP been developed. is are The the Mississippi submitted responses in and subsequent by and our state California and award has currently pending evaluation RFP Our Texas and announcement. response STAR+PLUS issued
ability a we state ability At of as successfully adding contracts. contracts we of With year beginning and our to members. clinical innovation our confidence these Medicaid Nevada, and opportunities standing reputation, our have plan launched of the degree over We confident high our XXX,XXX write excellence, proposals. RFP winning the result in and a to the coming operational to retaining and new in the win remain multiple footprint years, additional new a state in demonstrated
proposal well business state state new pending Rhode in new and opportunities other one process. many have development in We Island
continues a on at deepening state level. the adding XX,XXX and high of acuity business, January On in we Texas Our closed Cigna's Xst, M&A high execute Medicaid acquisition to members. our the platform service offerings
Our exceeding opportunities acquired achieving acquisition their pipeline businesses or are earnings targets. of accretion remains The robust.
bolt-on invest strategy. continued company's The and We from will can value to potential. are validate growth strategy and our performance ability dimension share X%. wins, at number external M&A. a and confident gains, of In Rates stable its to margins and per XX% continues on grow our acquisitions. year demonstrated. priorities in footprint maintain average our our while for strong the in has management factors in gives A the and are finally, economic to capabilities to of range tailwinds combining political sponsored our effectiveness consistently healthcare. us medical are optimum support demographics, of and important the long-term can this of industry. and and creation ensuring drive We value new capacity been quality particular meaningful expansion course at disruptions of together working top this government line combination are to achieve XX% And contract cost pre-tax new market growth ample over cash time generate generation We XTto flow by to
quarter's each and will with to Our strategy sound continue valued performance creating. is validated be
to our team achieve my to foundation some As to everything continued and the financials. I and will years Mark will our remarks, I in we nearly form come. achieved color and for have Keim skill, steadfast I colleagues, want dedication XX,XXX we on Mark? service express the everything my With gratitude the management conclude for call additional the their to over to Molina turn that,
