Molina 2Q Results; Increases Fiscal Year 2018 Guidance

• Net income of $3.02 per diluted share on a GAAP basis in the second quarter of 2018, compared with $1.64 per diluted share in the first quarter of 2018
• Second quarter 2018 results include a net benefit of $0.83 per diluted share for non-run rate items, primarily relating to the 2017 Marketplace risk adjustment
• Premium revenue increases $191 million, or 4.4%, in the second quarter of 2018 compared with the first quarter of 2018
• Medical care ratio of 85.3% in the quarter
• General and administrative expense ratio of 6.9% in the quarter
• Net profit margin of 4.1% in the quarter and 3.2% year to date
• 2018 guidance increases by $3.00 per diluted share at the midpoint to a range of $7.15 – $7.35 net income per diluted share on a GAAP basis
• 2018 guidance includes the net benefit of $0.96 per diluted share for the non-run rate items recorded in the first half of the year

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