Molina Healthcare — Apr 23, 2025 release

• Adjusted net income was $6.08 per diluted share for the first quarter of 2025, an increase of 6% year over year. • The Company reaffirmed 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. • New store embedded earnings are now at $8.65 per diluted share. -MORE- Molina Healthcare, Inc. Reports First Quarter 2025 Financial Results Page 2 April 23, 2025 “Our first quarter results reflect our team’s disciplined approach to medical cost management in an improving rate environment,” said Joseph Zubretsky, President and Chief Executive Officer. “Our 2025 earnings and growth profiles are solid, and we remain confident in our ability to achieve our 13% to 15% long-term adjusted EPS growth target.” Premium Revenue Premium revenue was approximately $10.6 billion for the first quarter of 2025, an increase of 12% year over year. The higher premium revenue reflects new contract wins, acquisitions, growth in the Company’s current footprint, and rate increases, partially offset by the impact of Medicaid redeterminations in 2024. Net Income GAAP net income for the first quarter of 2025 was $5.45 per diluted share, an increase of 5% year over year. Adjusted net income for the first quarter of 2025 was $6.08 per diluted share, an increase of 6% year over year. Medical Care Ratio (MCR) • The consolidated MCR for the first quarter of 2025 was 89.2% and reflects strong