Major Rating Factors:
Fair quality investment portfolio (3.9 on a scale of 0 to 10). Good profitability index (5.0) despite operating losses during 2018 and 2022. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Fair overall results on stability tests (2.9) based on an excessive 93% enrollment growth during the period, excessive premium growth during 2022 and a decline in the number of member physicians during 2022. Rating is significantly influenced by the strong financial results of Molina Healthcare Inc. Excellent capitalization (7.1) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2018.
Principal Lines of Business:
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Licensed in:
NY
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Molina Healthcare Inc
Investment Rating
Company Address
15 MetroTech Center
Brooklyn, NY 11201
Brooklyn, NY 11201
Phone Number
(888) 562-5442
NAIC Number
12776
Website
Largest Affiliates
