B
Molina Hlthcr of Texas Inc
Rating Date
June 2024
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 (5.7 on a scale of 0 to 10) despite operating losses during 2021. Good capitalization index (5.4) based on fair current risk-adjusted capital (severe loss scenario). Good quality investment portfolio (6.7) containing significant exposure to junk bonds.
Other Rating Factors: Good overall results on stability tests (5.8) despite excessive capital growth during 2022. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Principal Lines of Business: --
Licensed in: TX
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
988
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
0
Other
0
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Molina Healthcare Inc
Investment Rating
MOH
Company Address
200 Oceangate
Long Beach, CA 90802
Phone Number
(888) 562-5442
NAIC Number
10757
Largest Affiliates
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Weiss Ratings