Molina Healthcare — Feb 5, 2025 release

• GAAP net income was $20.42 per diluted share for the full year 2024, an increase of 9% year over year. • Adjusted net income was $22.65 per diluted share for the full year 2024, an increase of 8% year over year. • The Company issued its full year 2025 earnings guidance with expected premium revenue of approximately $42 billion and adjusted earnings of at least $24.50 per diluted share, which includes approximately $1.00 per diluted share of implementation costs for recent -MORE- Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results Page 2 February 5, 2025 Medicaid and Medicare Duals contract wins scheduled to commence in 2026 and yields approximately 13% growth over 2024. • New store embedded earnings is now at $7.75 per diluted share and reflects recent Medicaid and Medicare Duals contract wins. “I am very pleased our 2024 revenue growth exceeded our long-term targets and we produced consolidated pre-tax margins within our long-term target range,” said Joseph Zubretsky, President and Chief Executive Officer. “Our earnings growth profile is solid heading into 2025, and we continue to execute on the long-term growth opportunities within all of our businesses. We remain confident in our ability to achieve our long-term financial targets.” Premium Revenue Premium revenue was approximately $38.6 billion for the full year 2024, an increase of 19% year over year. The higher premium revenue reflects new contract wins, acquisitions, and growth in our current footprint, partially off