Molina Healthcare — Oct 23, 2024 release

• GAAP net income was $5.65 per diluted share for the third quarter of 2024, an increase of 34% year over year. • Adjusted net income was $6.01 per diluted share for the third quarter of 2024, an increase of 19% year over year. • The Company reaffirmed its full year 2024 guidance with expected premium revenue of approximately $38 billion and adjusted earnings of at least $23.50 per diluted share. -MORE- Molina Healthcare, Inc. Reports Third Quarter 2024 Financial Results Page 2 October 23, 2024 “We are pleased with our performance in the quarter and, in a challenging environment, continued to execute on the fundamentals of the business,” said Joseph Zubretsky, President and Chief Executive Officer. “Our results reflect continued operating discipline despite the unprecedented short-term dynamics caused by redeterminations. We believe all of our businesses are well positioned for sustainable profitable growth.” Premium Revenue Premium revenue was approximately $9.7 billion for the third quarter of 2024, an increase of 18% year over year. The higher premium revenue reflects new contract wins, acquisitions, and growth in our current footprint, partially offset by the impact of Medicaid redeterminations. Net Income GAAP net income for the third quarter of 2024 was $5.65 per diluted share, an increase of 34% year over year. Adjusted net income for the third quarter of 2024 was $6.01 per diluted share, an increase of 19% year over year. Medical Care Ratio (MCR) • The consolidated MCR for the third quarter of 2024 was 89.