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Mar 31, 2022
Molina Q1 2022 Earnings Report
Molina Healthcare reported first quarter earnings with GAAP EPS of $4.39 and adjusted EPS of $4.90.
Key Takeaways
Molina Healthcare reported strong first quarter results, with premium revenue increasing by 19% compared to the first quarter of 2021. GAAP earnings were $4.39 per diluted share, and adjusted earnings were $4.90 per diluted share. The company increased its full year 2022 premium revenue and adjusted earnings guidance.
Served approximately 5.1 million members, a 10% increase compared to March 31, 2021.
Premium revenue was approximately $7.5 billion, a 19% increase compared to the first quarter of 2021.
GAAP earnings were $4.39 per diluted share.
Adjusted earnings were $4.90 per diluted share.
Molina
Molina
Molina Revenue by Segment
Revenue by Segment
Medicaid Revenue
CapyFin.comMedicare Revenue
CapyFin.comMarketplace Revenue
CapyFin.com Forward Guidance
The Company increased its full year 2022 premium revenue guidance to approximately $29.25 billion and adjusted earnings guidance to no less than $17.10 per diluted share.
Positive Outlook
- Strong first quarter 2022 performance
- Expected underlying business strength in the rest of the year
- Margin associated with the increase in premium revenue guidance
- Extension of the Public Health Emergency from April to July
- Higher Marketplace membership
Challenges Ahead
- A $0.50 per diluted share increase in projected net effect of COVID
- Temporary labor challenges
- One-time items
- Timing differences in government receivables and payables
- Net effect of COVID decreased net income by approximately $0.57 per diluted share
Revenue & Expenses
Visualization of income flow from segment revenue to net income