B
Molina Healthcare of WA Inc
BothellWA
Rating Date
June 2024
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: Good overall results on stability tests (6.3 on a scale of 0 to 10) based on consistent premium and capital growth in the last five years, steady enrollment growth, averaging 9% over the past five years. Fair quality investment portfolio (4.8). Excellent profitability (8.4) despite a decline in earnings during 2022.
Other Rating Factors: Excellent overall capitalization (7.3) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.0) 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 ($)
323
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
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
B
Long Beach, CA - Health
B
Columbus, OH - Health
C
Downers Grove, IL - Health
B
B
Richmond, VA - Health
Weiss Ratings