Major Rating Factors:
Good quality investment portfolio (6.7 on a scale of 0 to 10) containing moderate junk bond exposure. Fair overall results on stability tests (4.6) 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. Excellent profitability (8.5) with operating gains in each of the last five years.
Other Rating Factors:
Excellent capitalization (7.3) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
MI
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
1201 Woodward Ave.
Detroit, MI 48226
Detroit, MI 48226
Phone Number
(248) 925-1700
NAIC Number
52630
Website
Largest Affiliates