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Dec 31, 2022
Molina Q4 2022 Earnings Report
Molina Healthcare reported a strong Q4 2022 with GAAP earnings per diluted share of $0.96 and adjusted earnings per diluted share of $4.10.
Key Takeaways
Molina Healthcare reported a strong fourth quarter and year-end 2022, with significant increases in premium revenue and adjusted earnings per share. The company's growth strategy and disciplined cost management contributed to a solid financial profile heading into 2023. Full year 2023 earnings guidance was issued with expected premium revenue of $32 billion and adjusted earnings of at least $19.75 per diluted share.
Premium revenue was $7.917 billion for the fourth quarter of 2022.
GAAP earnings per diluted share were $0.96 for the fourth quarter of 2022.
Adjusted earnings per diluted share were $4.10 for the fourth quarter of 2022.
The company served approximately 5.3 million members as of December 31, 2022.
Revenue by Segment
Forward Guidance
Molina Healthcare provided full year 2023 earnings guidance with expected premium revenue of $32 billion and adjusted earnings of at least $19.75 per diluted share. Guidance reflects continued realization of embedded earnings, underlying organic growth and operational catalysts, and $0.65 per diluted share of one-time non-recurring implementation costs for new Medicaid contract wins.
Positive Outlook
- Continued realization of embedded earnings
- Underlying organic growth and operational catalysts
Challenges Ahead
- $0.65 per diluted share of one-time non-recurring implementation costs for new Medicaid contract wins
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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