Earnings ·
Molina Healthcare reports Q3 adjusted EPS of $0.89, reaffirms full-year guidance
MOHMolina Healthcare, Inc.
Molina Healthcare reported third-quarter GAAP net income of $38 million, or $0.73 per diluted share, a 52% decline from the prior year. Adjusted net income was $46 million, or $0.89 per diluted share, down 53% year over year due to a higher consolidated Medical Care Ratio (MCR) of 92.9%. Premium revenue fell 4% to approximately $10.5 billion as membership declined in Medicaid and Marketplace segments, partially offset by rate updates. The company reaffirmed its full-year 2026 guidance for premium revenue of approximately $42 billion and adjusted earnings of at least $5.25 per diluted share.