our XXXX, an second results Joe Today, several and our we of morning. and financial provide the reaffirmation revenue earnings updates early of our the XXXX sustaining our for premium the initiatives guidance strategy on you, XXXX outlook growth. for in full quarter topics: and quarter context on growth results, Thank and growth, our profitable year good will second
quarter reported per me of quarter, night, with start of highlights. premium for adjusted net Last $X.X $XXX earnings second the diluted $X.XX million we billion the with adjusted share income of revenue. Let on second
Second Marketplace decreased quarter final payments. by for per true-up transfer risk were earnings $X.XX share a to our adjustment adjusted XXXX
our per was item, out-of-period this earnings share adjusted $X.XX. Excluding
total we strong XX.X% challenges. second navigate as Our pandemic-related company operating demonstrates in MCR performance quarter prolonged even the
the Mark of related and risk revenue accounting will reported true-up impact to Marketplace a the As later, describe the increases MCR pass-through. adjustment included XXXX
reported top underlying our As such, XX.X%. margin of which of is X.X% X%, end Similarly pre-tax to pure-period range. increases at MCR was the target long-term our our
produced quarter, revenue the and premium per we For XX% growth earnings XX% share growth.
pass-through, we performance X.X% share adjusted adjustment the a have XX.X% accounting of growth. first the fundamentals an rate environment very with by and year-to-date XX.X%. XX% of tempered The months stable, business, flows. on to earnings quality results sound revenue MCR, adjusted growth Medicaid, our in the reported our of medical at is flagship long-term predictable The cost for and management. a Our costs consistent executing revenue, enterprise high are representing X.X% true-up premium produced ratio year-to-date Marketplace and line continues XX.X%. X produced operating cash we XX% produce MCR and earnings and in is ongoing underlying and impact of pre-tax strong COVID was highlighted margin our revenue Adjusting per pure-period XX% MCR risk the squarely and the Year-to-date, targets. G&A a
with mix footprint Our an members, us high of provides including management and acuity ballast. products, of geographic excellent diversified earnings
low-income members, of enterprise pressured grow serving end niche our The Marketplace even the revenue, XX.X%, and continues MCR result. at by and in margins. our while to high basis. this representing MMP, Medicare of D-SNP, XXXX WEDI/SNIP year-to-date organically long-term cost reported of range. products, the enterprise Our to XX% target below care, is return low contributed is still to outperform of our Each MAPD, acuity target on profitability a X% of revenue to long-term favorable of tracking pure-period COVID-related
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$XXX to now our revenue $XX million we or Turning our guidance. project XXXX approximately previous guidance, billion now to above be premium
X-year XX% annual rate our pivot represents XXXX. growth guidance a XXXX compound updated Our to growth in since
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also XXXX least full adjusted per earnings year share increasing are $XX.XX. We our at guidance to
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in our purposely have full conservative year remained XXXX earnings guidance. We
performance the by we still Our half, this first earnings Medicare, first were management account revenues, we the result cost and management second margins. repeat of target our the this emergence to medical that year-to-date to We In guidance. of to is Bear of With costs, industry cost enterprise XX% second the with low-end it of new outperform expectations. COVID said, if affected being Medicaid non-COVID, that we MCRs for which range by ranges the likely is it or highly within year. is that produced prudent below our believe target it MCRs were variants, at to is underlying MCR trends. respect in and full medical the performance which favorable remain is year, the both half COVID to environment, being medical for half effective in cautious highlighted then In prudent ranges. target in mind our of to for leading year of would project the half in be our forecasting
revenue growth confident an X% long-term and X% Turning XX% growth. growth for and remain strategy on sustained now to pre-tax of to update deliver We to on share we our XX% earnings XX% our targets over sustaining adjusted premium will XX% time profitable to per growth that average on long-term margins.
of that Our recent performance supportive is outlook.
market environment to be growth organic high sound. state-based us enough market to gains. partners enough our but Medicaid, gives our share for scale, is to In remains share an for sufficient model provide low relevant Our and
the it remains The during measure reducing has significant focused has difficult low-wage current on government-sponsored we political driving The been the impact population many the well. our programs have pandemic, our as on service footprint. states. Although share a in underlying and had landscape grown favoring to market of uninsured economy in growth sector
than levels. post-pandemic We Medicaid continue to believe roles will pre-pandemic be the higher
front, gives that are reprocurement successfully track RFP contracts the our in process. record in the currently a us Medicaid confidence On past retaining
our subsequent been have in submitted pending responses announcement. and California Star+ evaluation award for RFP in and Texas Our Mississippi,
operational With well demonstrated the reputation, and the proposals. demographic we business in years, innovation clinical new additional RFP our record confident new positioned contracts standing retain due state remain and new and trends and write Iowa We We win many remain excellence, opportunities are the to coming these ability other to multiple winning sustainable and the to state and ability to our have our of in of over underway. proposals Medicare, well growth. submitted development Nebraska contracts. In of environment supportive states rate initiatives track
our have MAPD products. D-SNP to penetrate further footprint Medicaid in both and opportunities Additionally, we low-income
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this strategy. will only a result, business allowed by pricing this we As as grow
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be run-rate. expect immediately adjusted $X.XX to to We first acquisition the EPS full deliver at and $X.XX earnings of year accretive and adjusted
product being to the validates with of opportunity pipeline. perfectly strategy, M&A acquisition expansive of vibrancy the addition and our and geographic actionability our My consistent Wisconsin Choice In growth
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announced the in Over revenue will AgeWell timing the both we and revenue, transactions. acquired based XX of premium nearly expected Choice billion XXXX months, past Wisconsin, included closing $X be My which on between in our have
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of summary, record acquisition validates important our our execute In opportunities, growth confident value this our strategy. the a actionable focused Given in we dimension on performance and growth revenue potential. strategy our and strategically creation to track its operational financial with replete pipeline and company’s are ability and continue long-term to
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our well enterprise. our the second and this it by update performed informed of execution very as we half strategic XXXX outlook initiatives. conclusion, certainly ongoing quarter, in the will of performance In evolves, second We in the the across
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strategic plan on We delivering results are executing and our long-term accordingly.
and management XX,XXX Of strong. associates, now course, this do we approaching not without team dedicated our excellent could
the again the difficult over entire circumstances these We To With financials. I will produced the once Mark? to changing results on the heartfelt extend that, under and team, appreciation. my rapidly of deepest some additional thanks the turn Mark have and for I pandemic. color call
