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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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