Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) based on a significant -15% decrease in enrollment during the period, 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 (9.4) with operating gains in each of the last five years. Excellent overall capitalization (8.2) based on excellent current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent quality investment portfolio (7.7) containing small junk bond exposure. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
OH
Principal Enrollment Breakdown:
--
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Molina Healthcare Inc
Investment Rating
Company Address
3000 Corporate Exchange Drive
Columbus, OH 43231
Columbus, OH 43231
Phone Number
(888) 562-5442
NAIC Number
12334
Website
Largest Affiliates