Molina's 10% income boost in Q1: 5 things to know

Molina Healthcare has pulled in revenues of nearly $7.8 billion in 2022 and cited an increase in Medicaid and Medicare members, along with acquisitions, for what's driving growth, according to the company's first-quarter earnings report released April 27.

"We are very pleased with our first quarter results," President and CEO Joseph Zubretsky said. "We are maintaining strong momentum across each dimension of our strategy by delivering high quality health care for members, achieving meaningful top line growth, and producing attractive margins. The company's performance continues to validate our long-term strategy and its value creation potential."

  • Total revenue increased 19 percent year over year, growing from $6.5 billion in the first quarter of 2021 to nearly $7.8 billion in 2022.
  • Higher premium revenue was due to increased organic membership in Medicaid and Medicare and the effect of acquisitions.
  • Operating expenses increased more than 19 percent year over year, rising from nearly $6.2 billion in 2021 to $7.4 billion in the first quarter of 2022.
  • Net income in the first quarter was $288 million, compared to $260 million in 2021, representing an increase of more than 10 percent.
  • As of March 31, Molina had 5.1 million members, an increase of 480,000 members, or 10 percent, compared to March 31, 2021.

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