Full Year Premium Revenue Growth
For the full year 2024, Molina reported premium revenue of $38.6 billion, representing 19% year-over-year growth.
Marketplace Segment Outperformance
The Marketplace segment's MCR was 75.4% for the full year, significantly outperforming the long-term target range, allowing reinvestment into 2025 pricing.
Successful Contract Wins and Acquisitions
Molina secured significant new contracts in Georgia, Ohio, Michigan, Massachusetts, and Idaho, adding over $3 billion in incremental revenue. They also closed an acquisition in Connecticut, expecting $1.2 billion in revenue.
Projected 2025 Growth
Molina projects 2025 premium revenue of approximately $42 billion and adjusted earnings per share of at least $24.50, which represents approximately 8% year-over-year growth.