Molina Healthcare Inc

MOH

Equity

ISIN US60855R1005 / Valor 1538184

New York Stock Exchange, Inc (2025-03-07)

USD 327.33+1.08%

Molina Healthcare Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Molina Healthcare Inc is a prominent health care provider that specializes in offering high-quality, affordable health care services primarily to individuals and families who are beneficiaries of government-sponsored health care programs. Founded in 1980 with a single clinic in Long Beach, the company has significantly expanded its operations over the past four decades. It now operates 19 health plans across the United States, catering to the needs of over 5.1 million members. Molina Healthcare is dedicated to addressing the comprehensive health needs of its members, including their physical, social, and emotional well-being, through a community-based approach tailored to each individual's requirements. The company's growth is also marked by its initiative, the MolinaCares Accord, launched in 2020, which aims to enhance access to health care for its members by making substantial investments in the communities it serves.

Summarized from source with an LLMView SourceSector: Healthcare

Premium Revenue

Molina Healthcare Inc. reported premium revenue of approximately $9.7 billion for the third quarter of 2024, marking an 18% increase compared to the same period in 2023. This growth was driven by new contract wins, acquisitions, and expansion within existing markets, although it was partially offset by the impact of Medicaid redeterminations.

Net Income

For the third quarter of 2024, Molina Healthcare Inc. achieved a GAAP net income of $5.65 per diluted share, representing a 34% increase year over year. The adjusted net income was $6.01 per diluted share, reflecting a 19% increase from the previous year.

Medical Care Ratio (MCR)

The consolidated Medical Care Ratio (MCR) for Molina Healthcare Inc. in the third quarter of 2024 was 89.2%. This ratio indicates the company's ongoing efforts to manage medical costs effectively. The Medicaid MCR was 90.5%, influenced by a retroactive premium rate reduction and new Medicaid plans, while the Medicare MCR was 89.6%, reflecting higher-than-expected utilization.

General and Administrative Expense Ratio

Molina Healthcare Inc. reported a General and Administrative (G&A) expense ratio of 6.5% for the third quarter of 2024, with an adjusted G&A ratio of 6.4%. These figures highlight the company's disciplined cost management, benefiting from one-time credits related to vendor contracts and operational leverage.

2024 Guidance

Molina Healthcare Inc. reaffirmed its full-year 2024 guidance, projecting premium revenue of approximately $38 billion, a 17% increase from 2023. The company also expects adjusted earnings per diluted share to be at least $23.50, representing a 13% growth over the previous year, driven by strong performance in the Marketplace and higher net investment income.

Summarized from source with an LLMView Source

Key figures

-16.5%1Y

4.97%3Y

137%5Y

Performance

40.3%1Y

32.6%3Y

37.0%5Y

Volatility