Major Rating Factors:
Fair quality investment portfolio (4.3 on a scale of 0 to 10). Good overall profitability index (5.2) despite operating losses during 2019 and 2020. Good overall results on stability tests (6.3) based on consistent premium and capital growth in the last five years but a decline in enrollment during 2023. Rating is significantly influenced by the strong financial results of Molina Healthcare Inc.
Other Rating Factors:
Excellent overall capitalization (8.3) based on excellent current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business:
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Licensed in:
AZ
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
5055 East Washington Street
Phoenix, AZ 85034
Phoenix, AZ 85034
Phone Number
(602) 830-0067
NAIC Number
14641
Largest Affiliates