Molina Healthcare, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 27, 2021 at 04:23 pm EDT
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Molina Healthcare, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 7,040 million compared to USD 5,021 million a year ago. Net income was USD 143 million compared to USD 185 million a year ago. Diluted earnings per share from continuing operations was USD 2.46 compared to USD 3.1 a year ago.
For the nine months, revenue was USD 20,362 million compared to USD 14,188 million a year ago. Net income was USD 556 million compared to USD 639 million a year ago. Diluted earnings per share from continuing operations was USD 9.51 compared to USD 10.65 a year ago.
Molina Healthcare, Inc. specializes in the provision of health care services managed within the Medicaid and Medicare health insurance and coverage programs, and through the health insurance marketplace, financed by the States and the Federal Government of the United States. Revenues break down by activity as follows:
- Health care services within the Medicaid program (80.9%): services for low-income individuals, families and people with disabilities;
- health care services within the Medicare program (12.9%): services for the elderly and people with certain diseases, covered by the Medicare health insurance program;
- operating a health insurance marketplace (6.2%; Marketplace): a platform for offering health insurance plans, and allowing members of the Medicaid program, whose rising incomes have taken them out of eligibility, to purchase federally subsidized health insurance policies. The group also offers virtual care services.
At the end of 2023, Molina Healthcare, Inc. had approximately 5 million members broken down by program between Medicaid (4.5 million members), Medicare (0.2 million) and Marketplace (0.5 million).
All revenues are earned in the United States.
MOLINA HEALTHCARE, INC. 
