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MOLINA HEALTHCARE, INC.

MOH NYSE Financial Services · Insurance—Life Long Beach, CA www.molinahealthcare.com
$196.94
Mkt Cap 10.28B
ABOUT MOLINA HEALTHCARE Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs, and through the state insurance marketplaces (the…

ABOUT MOLINA HEALTHCARE Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs, and through the state insurance marketplaces (the Marketplace ). Molina was founded in 1980 as a provider organization serving low-income families in Southern California and reincorporated in Delaware in 2002. We served approximately 5.5 million members as of December 31, 2025, located across 21 states. Our business footprint, as of December 31, 2025, is illustrated below. FINANCIAL HIGHLIGHTS Year Ended December 31, 2025 2024 (In millions, except per-share amounts) Premium Revenue $ 43,052 $ 38,627 Total Revenue $ 45,426 $ 40,650 Medical Care Ratio ( MCR ) (1) 91.7 % 89.1 % Net Income $ 472 $ 1,179 Net Income per Diluted Share $ 8.92 $ 20.42 _______________________ (1) Medical care ratio represents medical care costs as a percentage of premium revenue. OUR SEGMENTS We currently have four reportable segments consisting of: 1) Medicaid; 2) Medicare; 3) Marketplace; and 4) Other. The Medicaid, Medicare, and Marketplace segments represent the government-funded or sponsored programs under which we offer managed healthcare services. The Other segment, which is insignificant to our consolidated results of operations, includes long-term services and supports consultative services in Wisconsin and the Molina Healthcare, Inc. 2025 Form 10-K | 3 commercial portion of the business acquired in connection with the ConnectiCare transaction that closed effective February 1, 2025.

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REVENUE TTM
$44.52B
FCF TTM
$2.29B
P/FCF
4.5x
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