• Centene average return on tangible equity for 2023 was 1591.65, a 1418.46% decline from 2022.
• Centene average return on tangible equity for 2022 was -120.72, a 28.88% decline from 2021.
• Centene average return on tangible equity for 2021 was -169.73, a 88.05% decline 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.