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Sep 30, 2021
Molina Q3 2021 Earnings Report
Reported solid operating earnings and continued to drive growth strategy.
Key Takeaways
Molina Healthcare reported a GAAP earnings per diluted share of $2.46 and an adjusted earnings per diluted share of $2.83 for Q3 2021. The company served approximately 4.8 million members as of September 30, 2021, representing a 20% increase compared to the previous year. Premium revenue for the third quarter of 2021 was approximately $6.8 billion, a 43% increase compared to the third quarter of 2020.
GAAP net income for the third quarter of 2021 was $143 million, or $2.46 per diluted share.
Adjusted net income for the third quarter of 2021 was $164 million, or $2.83 per diluted share.
As of September 30, 2021, the Company served approximately 4.8 million members, an increase of 805,000 members, or 20%, compared to September 30, 2020.
Premium revenue was approximately $6.8 billion for the third quarter of 2021, an increase of 43% compared to the third quarter of 2020.
Revenue by Segment
Forward Guidance
The Company expects its full year 2021 total revenue to be no less than $27.5 billion and reaffirmed its full year 2021 adjusted earnings per share guidance to be no less than $13.25 per share.
Positive Outlook
- The continuation of the Public Health Emergency period, through mid-January, 2022 and the associated pause on Medicaid membership redeterminations.
- Underlying outperformance.
- An offset caused by the estimated net effect of COVID which is expected to be approximately $3.00 per share for the full year 2021.
- Continued caution in forecasting utilization trends for the remaining three months of the year due to the COVID pandemic.
- The impact of the Cigna Texas membership acquisition is not included in guidance. The Cigna Texas membership acquisition is expected to close in January of 2022.
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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