• Centene average return on tangible equity for 2023 was 850.25, a 796.47% decline from 2022.
• Centene average return on tangible equity for 2022 was -122.08, a 10.87% decline from 2021.
• Centene average return on tangible equity for 2021 was -110.11, a 44.97% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.