B
Molina Healthcare of WA Inc
BothellWA
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Excellent profitability (8.3 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (7.5) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (7.8) based on steady enrollment growth, averaging 8% over the past five years, consistent premium and capital growth in the last five years. Rating is influenced by the acceptable financial results of Molina Healthcare Inc. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: WA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
395
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
563
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Molina Healthcare Inc
Investment Rating
MOH
Company Address
21540 - 30th Drive, SE
Bothell, WA 98021
Phone Number
(425) 424-1100
NAIC Number
96270
Largest Affiliates
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Weiss Ratings