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Jun 30, 2023
Molina Q2 2023 Earnings Report
Reported second quarter 2023 financial results and increased full-year 2023 earnings guidance.
Key Takeaways
Molina Healthcare reported a strong second quarter in 2023, with GAAP earnings per diluted share of $5.35 and adjusted earnings per diluted share of $5.65. The company increased its full year 2023 adjusted earnings guidance by $0.50 to at least $20.75 per diluted share.
Served approximately 5.2 million members, a 1% increase compared to June 30, 2022.
Premium revenue was approximately $8.0 billion, a 3% increase compared to the second quarter of 2022.
GAAP net income was $5.35 per diluted share, a 26% increase compared to the second quarter of 2022.
Adjusted net income was $5.65 per diluted share, a 24% increase compared to the second quarter of 2022.
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 2023 adjusted earnings per share guidance to at least $20.75, compared to the previous guidance of at least $20.25 per diluted share.
Positive Outlook
- Second quarter operating performance above expectations
- Investment income performance above expectations
- Higher expected investment income in the second half of the year
Challenges Ahead
- Continued conservatism
Revenue & Expenses
Visualization of income flow from segment revenue to net income