Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) based on a decline in the number of member physicians during 2023. Rating is significantly influenced by the strong financial results of Molina Healthcare Inc. Good quality investment portfolio (5.2) containing significant exposure to junk bonds. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent profitability (8.1) with operating gains in each of the last five years. Excellent capitalization index (7.4) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business:
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Licensed in:
FL
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
8300 Northwest 33rd Street
Doral, FL 33122
Doral, FL 33122
Phone Number
(866) 422-2541
NAIC Number
13128
Website
Largest Affiliates