B
Molina Healthcare of SC 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 overall profitability index (6.5 on a scale of 0 to 10) despite a decline in earnings during 2021. Excellent overall capitalization (7.5) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years. Excellent quality investment portfolio (7.7) containing small junk bond exposure.
Other Rating Factors: Excellent overall results on stability tests (8.3) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of Molina Healthcare Inc. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: OH, SC
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
402
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
4105 Faber Place Drive
North Charleston, SC 29405
Phone Number
(843) 740-1780
NAIC Number
15329
Largest Affiliates
B
Bothell, WA - Health
C
Long Beach, CA - Health
B
Columbus, OH - Health
C
Oak Brook, IL - Health
C
Weiss Ratings