Molina Healthcare of MI Inc

Troy, MI

Rating Date

June 2024

NAIC
Classification

Health

Risk Adjusted
Capital Ratio #1

1.36

Risk Adjusted
Capital Ratio #2

1.13

Total
Assets

585.71M

Capital

213.80M

Health
Premiums

2.13B

Net
Income

46.96M

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Weiss Ratings	Molina Healthcare of MI Inc Troy, MI	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	7.00
Investment Safety Index	6.70
Liquidity Index	7.04
Profitability Index	8.19
Reserve Adequacy Index	--
Stability Index	5.68

Company Info	Molina Healthcare of MI Inc Troy, MI	Click to Compare	Click to Compare	Click to Compare
Industry	Health
NAIC Number	01592
Phone Number	(248) 925-1700
Website	--
Address	880 West Long Lake Road Troy, MI 48098

Balance Sheet	Molina Healthcare of MI Inc Troy, MI	Click to Compare	Click to Compare	Click to Compare
Total Assets	585.71M

Capital and Reserves	Molina Healthcare of MI Inc Troy, MI	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	1.36
Risk-Adjusted Capital Ratio #2	1.13
1-Year Reserve Development	--
2-Year Reserve Development	--
Capital	213.80M
Premium to Surplus	--
Reserves to Surplus	--

Investments	Molina Healthcare of MI Inc Troy, MI	Click to Compare	Click to Compare	Click to Compare
Cash	--
CMO & Structured Securities	--
Common & Preferred Stock	--
Invested Assets	--
Investments in Affiliates	--
Mortgages in Good Standing	--
Non-Investment Grade Bonds	--
Non-Performing Mortgages	--
Other Investment Grade Bonds	--
Other Investments	--
Real Estate	--

Operating Ratios	Molina Healthcare of MI Inc Troy, MI	Click to Compare	Click to Compare	Click to Compare
Medical Loss Ratio	82.51%
Cash From Underwriting	--
Combined Ratio	--
Expense Ratio	--
Loss Ratio	--
Net Premium Growth	--

Other Medical	Molina Healthcare of MI Inc Troy, MI	Click to Compare	Click to Compare	Click to Compare
Bonus Pay	0.00
Capitation Pay	53.26K
Contractual Pay	1.55M
Enrollment	442.70K
Fee For Service	123.21K
Medical Expense Per Member Per Month	$335.00
Network Physicians	54.42K
Other Pay	--
Salary Pay	0.00
Total Patient Encounters - Physician	3.97M
Total Patient Encounters-Non-Physician	2.23M

Profitability	Molina Healthcare of MI Inc Troy, MI	Click to Compare	Click to Compare	Click to Compare
Net Income	46.96M
Net Premium	2.13B
Health Premium	2.13B