B
Molina Healthcare of Ohio Inc
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: Good quality investment portfolio (6.2 on a scale of 0 to 10) containing junk bond exposure equal to 74.9% of capital. Excellent profitability (8.5) with operating gains in each of the last five years. Excellent overall capitalization (7.4) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent overall results on stability tests (8.0) based on consistent premium and capital growth in the last five years. Rating is influenced by the acceptable financial results of Molina Healthcare Inc. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: OH
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
788
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
3000 Corporate Exchange Drive
Columbus, OH 43231
Phone Number
(888) 562-5442
NAIC Number
12334
Largest Affiliates
B
Bothell, WA - Health
C
Long Beach, CA - Health
C
Oak Brook, IL - Health
C
B
Richmond, VA - Health
Weiss Ratings