Molina Healthcare — Jul 7, 2025 release

The Company’s announcement of preliminary results was driven by recent market dynamics and off-cycle disclosures from others in the managed health care sector.   The Company now expects its second quarter 2025 adjusted earnings to be approximately $5.50 per share (1) , which is modestly below its prior expectations. This preliminary result reflects medical cost pressures in all three lines of business. The Company expects these medical cost pressures to continue into the second half of the year. As a result, the Company now expects its full year 2025 adjusted earnings to be in the range of $21.50 to $22.50 per share (1) , reflecting a consolidated pre-tax margin of just under 4%, the low-end of its long-term guidance range.   “The short-term earnings pressure we are experiencing results from what we believe to be a temporary dislocation between premium rates and medical cost trend which has recently accelerated,” said Joseph Zubretsky, President and Chief Executive Officer. “As we are still performing near our long-term target ranges, nothing, including the potential impacts of the budget bill, has changed our outlook for the long-term performance of the business.”   As previously announced, the Company expects to report its full second quarter results after the market closes on Wednesday, July 23, 2025, and will host a conference call and webcast to discuss the earnings release on Thursday, July 24, 2025, at 8:00 a.m. Eastern