C
Molina Healthcare of IL Inc
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: Weak quality investment portfolio (0.4 on a scale of 0 to 10). Excellent profitability (7.2) despite operating losses during 2017. Excellent capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2017.
Other Rating Factors: Excellent overall results on stability tests (8.1) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Rating is significantly influenced by the acceptable financial results of Molina Healthcare Inc. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: IL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
510
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
1520 Kensington Road
Oak Brook, IL 60523
Phone Number
(562) 435-3666
NAIC Number
14104
Largest Affiliates
B
Bothell, WA - Health
C
Long Beach, CA - Health
B
Columbus, OH - Health
C
B
Richmond, VA - Health
Weiss Ratings