Four things to know:
1. Molina posted fourth-quarter net income of $201 million, compared to a net loss of $262 million in the same period a year prior. The difference was due to impairment losses and restructuring costs of $342 million recorded in the fourth quarter of 2017.
2. Molina’s revenue fell 5.8 percent to $4.7 billion in the fourth quarter of this year, down from $4.9 billion in the same period last year, as premium and service revenue decreased while membership declined.
3. However, Molina cut its expenses by 16.8 percent to $4.3 billion in the fourth quarter of this year, down from $5.2 billion the year prior. The improvement was due to impairment losses recorded in the fourth quarter of last year.
4. Molina also improved its operating income to $272 million in the fourth quarter of 2018, compared to an operating loss of $269 million in the fourth quarter of 2017.
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