Major Rating Factors:
Fair overall results on stability tests (3.1 on a scale of 0 to 10) based on rapid premium growth over the last five years, rapid enrollment growth during the past five years. Rating is significantly influenced by the strong financial results of Molina Healthcare Inc. Good overall profitability index (5.1) despite a decline in earnings during 2022. Good quality investment portfolio (6.4) containing significant exposure to junk bonds.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent capitalization (7.5) based on good current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2021.
Principal Lines of Business:
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Licensed in:
MS
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Molina Healthcare Inc
Investment Rating
Company Address
188 East Capitol Street
Jackson, MS 39201
Jackson, MS 39201
Phone Number
(844) 826-4333
NAIC Number
16301
Website
Largest Affiliates