Molina Healthcare, Inc. 10-K Filing

Ticker: MOH · Form: 10-K · Filed: Feb 11, 2025 · CIK: 1179929

Molina Healthcare, Inc. 10-K Filing Summary
FieldDetail
CompanyMolina Healthcare, Inc. (MOH)
Form Type10-K
Filed DateFeb 11, 2025
Pages15
Reading Time18 min
Key Dollar Amounts$0.001, $52, $55 billion, $7 billion, $350 million
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-K filing submitted by Molina Healthcare, Inc. (ticker: MOH) to the SEC on Feb 11, 2025.

What are the key financial figures in this filing?

Key dollar amounts include: $0.001 (ange on Which Registered Common Stock, $0.001 Par Value MOH New York Stock Exchange); $52 (per share growth, leading us to achieve $52 to $55 billion in premium revenue by 20); $55 billion (re growth, leading us to achieve $52 to $55 billion in premium revenue by 2027. We plan to); $7 billion (d acquisitions in 2024 represent nearly $7 billion of incremental annual premium revenue,); $350 million (purchase price for the transaction was $350 million. Idaho Procurement—Medicaid and Medica).

How long is this filing?

Molina Healthcare, Inc.'s 10-K filing is 15 pages with approximately 4,400 words. Estimated reading time is 18 minutes.

Where can I view the full 10-K filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,400 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2025-02-11 16:08:09

Key Financial Figures

  • $0.001 — ange on Which Registered Common Stock, $0.001 Par Value MOH New York Stock Exchange
  • $52 — per share growth, leading us to achieve $52 to $55 billion in premium revenue by 20
  • $55 billion — re growth, leading us to achieve $52 to $55 billion in premium revenue by 2027. We plan to
  • $7 billion — d acquisitions in 2024 represent nearly $7 billion of incremental annual premium revenue,
  • $350 million — purchase price for the transaction was $350 million. Idaho Procurement—Medicaid and Medica
  • $997 million — 2024: Our regulated health plans paid $997 million in total dividends to the parent compan
  • $58 million — tal needs. Investment income increased $58 million in 2024, or 15%, due mainly to growth i
  • $750 million — 4, we completed the private offering of $750 million aggregate principal amount of 6.250% se
  • $740 million — tes due 2033. We used the approximately $740 million in net proceeds from this offering for

Filing Documents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this "Form 10-K") contains forward-looking statements. We intend such forward-looking statements to be covered under the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, or Securities Act, and Section 21E of the Securities Exchange Act of 1934, or Securities Exchange Act. Many of the forward-looking statements are located under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements provide current expectations of future events based on certain assumptions, and all statements other than statements of historical fact contained in this Form 10-K may be forward-looking statements. In some cases, you can identify forward-looking statements by words such as "guidance," "future," "anticipates," "believes," "embedded," "estimates," "expects," "growth," "intends," "plans," "predicts," "projects," "will," "would," "could," "can," "may," or the negative of these terms or other similar expressions. Forward-looking statements contained in this Form 10-K include, but are not limited to, statements regarding our future results of operations and financial position, industry and business trends, regulatory and political developments, business strategy, strategic transactions and commercial arrangements, membership and market growth, and our objectives for future operations. Readers are cautioned not to place undue reliance on any forward-looking statements, as the future is inherently unpredictable. Thus, forward-looking statements are not guarantees of future performance and the Company's actual results may differ significantly due to numerous known and unknown risks and uncertainties. Those known risks and uncertainties include, but are not limited to, risks related to the following: the implementation in 2025 of Medicaid rate adjustments and updates that are not commensurate with the cu

BUSINESS

Item 1. BUSINESS OVERVIEW ABOUT MOLINA HEALTHCARE Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs, and through the state insurance marketplaces (the "Marketplace"). Molina was founded in 1980 as a provider organization serving low-income families in Southern California and reincorporated in Delaware in 2002. We served approximately 5.5 million members as of December 31, 2024, located across 21 states. Our business footprint, as of December 31, 2024, is illustrated below. FINANCIAL HIGHLIGHTS Year Ended December 31, 2024 2023 (In millions, except per-share amounts) Premium Revenue $ 38,627 $ 32,529 Total Revenue $ 40,650 $ 34,072 Medical Care Ratio ("MCR") (1) 89.1 % 88.1 % Net Income $ 1,179 $ 1,091 Net Income per Diluted Share $ 20.42 $ 18.77 _______________________ (1) Medical care ratio represents medical care costs as a percentage of premium revenue. OUR SEGMENTS We currently have four reportable segments consisting of: 1) Medicaid; 2) Medicare; 3) Marketplace; and 4) Other. The Medicaid, Medicare, and Marketplace segments represent the government-funded or sponsored programs under which we offer managed healthcare services. The Other segment, which is insignificant to our consolidated results of operations, includes long-term services and supports consultative services in Wisconsin. Refer to Notes to Consolidated Financial Statements, Note 16, "Segments," for further information, including segment revenue and profit information. Molina Healthcare, Inc. 2024 Form 10-K | 3 SEGMENT MEMBERSHIP The following table summarizes our membership by segment as of the dates indicated: As of December 31, 2024 2023 Medicaid 4,890,000 4,542,000 Medicare 242,000 172,000 Marketplace 403,000 281,000 Total 5,535,000 4,995,000 SEGMENT PREMIUM REVENUE The following table presents our consolidated premium revenue by segment for the periods indicated: Year Ended Dec

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