MOLINA HEALTHCARE, INC.

Molina Healthcare, Inc. (NYSE: MOH) is a Fortune 500 managed healthcare services company that provides health insurance coverage and related services to low-income and vulnerable populations across the United States. Founded in 1980 as a provider organization serving low-income families in Southern California, the company has grown into a national health plan operator serving approximately 5.5 million members across 21 states as of December 31, 2025.

The company operates through four reportable segments: Medicaid, Medicare, Marketplace, and Other. Medicaid represents the largest segment, accounting for 75 percent of consolidated premium revenue and serving 4.6 million members through programs including Temporary Assistance for Needy Families, Aged Blind or Disabled, Children's Health Insurance Program, Medicaid Expansion, and Long-Term Services and Supports. The Medicare segment serves 262,000 members through Medicare Advantage plans, Dual Eligible Special Needs Plans, and related products. The Marketplace segment, which offers Affordable Care Act-compliant plans on federally facilitated and state-based exchanges, serves 655,000 members. The Other segment includes long-term services and supports consultative services and commercial business acquired through the ConnectiCare acquisition.

Molina's total revenue for 2025 reached $45.4 billion, with premium revenue of $43.1 billion. The company maintains significant market presence in California, New York, Texas, and Washington, which collectively represent substantial portions of its Medicaid business. Major recent developments include the acquisition of ConnectiCare in February 2025 for $350 million, expanding the company's presence in Connecticut, and successful procurement of new contracts in multiple states including Idaho, Michigan, Massachusetts, Ohio, Wisconsin, Nevada, Illinois, and Florida.

The company's business model centers on managing healthcare delivery and costs for government-sponsored programs while maintaining quality standards and member satisfaction. Molina distinguishes itself through its focus exclusively on government-sponsored healthcare, its track record of successful contract procurement and retention, and its investments in care management, value-based contracting, and artificial intelligence tools to enhance operational efficiency and medical cost management.