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Dec 31, 2023
Molina Q4 2023 Earnings Report
Reported fourth quarter and year-end financial results, introducing full year 2024 revenue and earnings guidance.
Key Takeaways
Molina Healthcare reported GAAP earnings per diluted share of $3.70 and adjusted earnings per diluted share of $4.38 for Q4 2023. The company's full year 2023 GAAP earnings per diluted share was $18.77 and adjusted earnings per diluted share was $20.88.
The Company served approximately 5.0 million members as of December 31, 2023.
Premium revenue was approximately $32.5 billion for the full year 2023, an increase of 5% year over year.
GAAP net income was $18.77 per diluted share for the full year 2023, an increase of 39% year over year.
The Company issued its full year 2024 earnings guidance with expected premium revenue of approximately $38 billion and adjusted earnings of at least $23.50 per diluted share.
Molina
Molina
Molina Revenue by Segment
Revenue by Segment
Medicaid Revenue
CapyFin.comMedicare Revenue
CapyFin.comMarketplace Revenue
CapyFin.com Forward Guidance
Premium revenue for the full year is expected to be approximately $38 billion, an increase of approximately 17% from the full year 2023. The Company expects its full year adjusted earnings per share in 2024 to be at least $23.50 per share, representing approximately 13% growth over the full year 2023.
Positive Outlook
- Premium Revenue $38.0B
- Total Revenue $39.6B
- GAAP Net Income $1,278M
- Adjusted Net Income $1,366M
- Adjusted EPS – Diluted >$23.50
Challenges Ahead
- GAAP EPS – Diluted >$22.00
- Diluted weighted average shares 58.1M
- Year End Total Membership 5.7M
- Medicaid 5.1M
- Marketplace 370K
Revenue & Expenses
Visualization of income flow from segment revenue to net income