WellCare

At a Glance

• Revenues increase; EBIDTA strong increase
• Decreased trading volume end of quarter timed with shareholder approval of CNC deal
• YOY premium revenues and enrollment both had strong increase

Rolling 12 months financials

Stock Performance

Earnings Call Summary

Latest available call date: 7/3/2019

• 4.1M Medicaid members in Q2; 46% growth YOY.
• Medicaid premium revenue grew 69% to $4.7B.
• Most revenue growth was from acquisition of Meridien in 2018 and organic growth in FL and AZ.
• Illinois business (Meridien) driving higher MLR. New quality and clinical efforts enterprise-wide also contributed to higher MLR.
• Working to integrate the Aetna PDP they acquired last year, and will begin to offer it as an option in RFPs moving forward.

END OF REPORT