Full Year Highlights
As of December 31, 2022, the Company served approximately 5.3 million members.
Premium revenue was $30.9 billion for the full year 2022, an increase of 15% year over year.
GAAP earnings were $13.55 per diluted share, an increase of 20% year over year. GAAP earnings include a fourth quarter non-cash, after tax impairment charge of $159 million, or $2.72 per diluted share, attributable to the Company’s plan to reduce its leased real estate footprint.
Adjusted earnings were $17.92 per diluted share, an increase of 32% year over year.
The Company issued its full year 2023 earnings guidance with expected premium revenue of $32 billion and adjusted earnings of at least $19.75 per diluted share. Earnings guidance includes $0.65 per diluted share of one-time, non-recurring, implementation costs for new Medicaid contract wins.
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