Molina Q2 2022 Earnings Report
Key Takeaways
Molina Healthcare reported strong second quarter results with an 18% increase in premium revenue and GAAP earnings per diluted share of $4.25. The company increased its full year 2022 revenue and earnings guidance, reflecting confidence in its performance and growth strategy.
Served approximately 5.1 million members, a 9% increase compared to June 30, 2021.
Premium revenue increased by 18% compared to the second quarter of 2021, reaching approximately $7.8 billion.
GAAP earnings per diluted share were $4.25, and adjusted earnings per diluted share were $4.55.
Increased full year 2022 premium revenue guidance to approximately $30 billion and adjusted earnings guidance to at least $17.60 per diluted share.
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Molina Revenue by Segment
Forward Guidance
Molina Healthcare increased its full year 2022 premium revenue guidance to approximately $30 billion, above its previous guidance of approximately $29.25 billion. The Company increased its full year 2022 adjusted earnings guidance to at least $17.60 per diluted share, above its previous guidance of at least $17.10 per diluted share.
Positive Outlook
- Extension of the Public Health Emergency from July to October
- Second quarter 2022 outperformance
- Additional pass through revenue payments
- Increased full year 2022 premium revenue guidance to approximately $30 billion
- Increased full year 2022 adjusted earnings guidance to at least $17.60 per diluted share
Revenue & Expenses
Visualization of income flow from segment revenue to net income