Financial PerformanceAGL reported solid 1Q24 results with reported adjusted EBITDA of $29 million beating consensus of $15 million.
LeadershipAGL announced that it had named Jeff Schwaneke as its new chief financial officer; Mr. Schwaneke has 15 years of experience in managed care, including serving as CFO of Centene, which is viewed positively given the central core competency of underwriting in both managed care and full-risk value-based care.
Management StrategyManagement's contract exits demonstrate a more prudent approach and, coupled with some recent negotiated payor premium increases, warrant credit for management's proactive approach to assess the viability of existing contracts.