Financial PerformanceAGL reported solid 2Q24 results with reported adj EBITDA of (-$3m) beating consensus of (-$8m).
Growth And ExpansionMA membership increased by 38% yoy to 513k, which was at the low end of the guidance range, reflecting stronger-than-expected growth offset by timing differences in signing new payer contracts.
Strategic ImprovementsManagement is implementing strategic and operational improvements to help stabilize profits, including contract renegotiations and investments in internal systems.