C
Molina Healthcare of MI Inc
TroyMI
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: Fair quality investment portfolio (3.4 on a scale of 0 to 10). Good overall results on stability tests (6.0) despite excessive capital growth during 2021. Rating is significantly influenced by the acceptable financial results of Molina Healthcare Inc. Excellent profitability (8.0) despite a decline in earnings during 2021.
Other Rating Factors: Excellent capitalization (7.1) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: MI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
421
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
880 West Long Lake Road
Troy, MI 48098
Phone Number
(248) 925-1700
NAIC Number
52630
Largest Affiliates
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