B
Molina Healthcare of Utah Inc
MidvaleUT
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: Fair quality investment portfolio (4.0 on a scale of 0 to 10). Fair overall results on stability tests (4.5) based on an excessive 31% enrollment growth during the period, inordinate decline in capital during 2021. Rating is significantly influenced by the acceptable financial results of Molina Healthcare Inc. Excellent profitability (7.5) despite a decline in earnings during 2021.
Other Rating Factors: Excellent capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario). However, capital levels have fluctuated somewhat during past years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: ID, UT
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
515
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Molina Healthcare Inc
Investment Rating
MOH
Company Address
7050 Union Park Center
Midvale, UT 84047
Phone Number
(801) 858-0400
NAIC Number
95502
Largest Affiliates
B
Bothell, WA - Health
C
Long Beach, CA - Health
B
Columbus, OH - Health
C
Oak Brook, IL - Health
C
Weiss Ratings