Molina Healthcare Inc ( (MOH) ) has released its Q4 earnings. Here is a breakdown of the information Molina Healthcare Inc presented to its investors.
Molina Healthcare, Inc., a FORTUNE 500 company, offers managed healthcare services under Medicaid and Medicare programs, as well as through state insurance marketplaces.
Molina Healthcare recently announced its fourth quarter and full-year 2024 financial results, highlighting strong earnings growth and an introduction of its revenue and earnings guidance for 2025.
The company reported a 19% increase in premium revenue for 2024, totaling approximately $38.6 billion, alongside a GAAP net income per diluted share increase of 9% year-over-year to $20.42. Adjusted earnings per diluted share also saw an 8% rise to $22.65. Notably, Molina’s membership grew to approximately 5.5 million members by the end of 2024. The company managed to maintain a consolidated medical care ratio (MCR) of 89.1%, reflecting effective management of medical costs.
Looking ahead, Molina projects premium revenue for 2025 to be around $42 billion, with adjusted earnings per diluted share expected to reach at least $24.50. This forecast includes implementation costs related to recent Medicaid and Medicare Duals contract wins, which are expected to contribute to approximately 13% growth over 2024.
With a solid earnings growth profile, Molina Healthcare remains confident in achieving its long-term financial targets, driven by strategic contract wins and continued focus on expanding its business footprint.