Major Rating Factors:
Fair quality investment portfolio (3.0 on a scale of 0 to 10). Weak profitability index (2.5) due to a decline in earnings during 2022. Average return on equity over the last five years has been poor at -15.5%. Good overall results on stability tests (6.2) based on consistent premium and capital growth in the last five years but a decline in the number of member physicians during 2022 and rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of Molina Healthcare Inc.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (7.6) based on good current risk-adjusted capital (severe loss scenario). Moreover, capital levels have been consistent in recent years.
Principal Lines of Business:
--
Licensed in:
AZ
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
5055 East Washington Street
Phoenix, AZ 85034
Phoenix, AZ 85034
Phone Number
(602) 830-0067
NAIC Number
14641
Largest Affiliates