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Dec 31, 2021
Molina Q4 2021 Earnings Report
Molina Healthcare reported strong Q4 and year-end results, driven by membership growth and disciplined cost management.
Key Takeaways
Molina Healthcare reported GAAP earnings per diluted share of $1.74 and adjusted earnings per diluted share of $2.88 for the fourth quarter of 2021. The company served approximately 5.2 million members as of December 31, 2021, an increase of 1.2 million members or 29% year over year.
Molina Healthcare served approximately 5.2 million members as of December 31, 2021, a 29% increase year over year.
Premium revenue was approximately $26.9 billion for the full year 2021, a 47% increase year over year.
The company issued its full year 2022 earnings guidance with premium revenue of approximately $28.5 billion and 26% adjusted EPS growth to no less than $17.00 per diluted share.
On January 3, 2022, the Company announced that it closed its acquisition of Cigna Corporation’s Texas Medicaid contracts on January 1, 2022.
Revenue by Segment
Forward Guidance
The Company expects its full year 2022 total revenue to be approximately $29.5 billion. Premium revenue for the full year 2022 is expected to be approximately $28.5 billion. The Company expects its full year 2022 adjusted earnings per share to be no less than $17.00 per share.
Positive Outlook
- Lower net effect of COVID
- Continued strong performance in Medicare and Medicaid
- The restoration of mid-single digit pretax margin in our Marketplace business
- Full Year 2022 total revenue to be approximately $29.5 billion
- Full year 2022 adjusted earnings per share to be no less than $17.00 per share
Challenges Ahead
- The impact of regulatory headwinds created by the mid-year resumption of redeterminations
- The carveout of pharmacy benefits in our California and Ohio contracts
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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