Molina tanks after forecasting 2026 profit and revenue below estimates

Shares of health insurer Molina Healthcare MOH.N fall 32.4% to $119.52 in extended trading

MOH forecast annual adjusted earnings of at least $5 per share, sharply under analysts' estimate of $13.76, according to LSEG data

Total 2026 revenue is expected to reach $44.5 billion, also below the estimate of $46.55 billion

Molina expects its annual medical cost ratio - the percentage of premiums spent on medical services - to be 92.6%, compared to an estimate of 89.78%

Shares of other health insurers also down in extended trading

Centene CNC.N down 12.6% at $34.67, UnitedHealth UNH.N falls 2.9% to $260.84

Elevance Health ELV.N loses 1.4% and Humana HUM.N sheds 2.6%

Molina says it will exit its traditional Medicare Advantage Part D plans in 2027

Reports Q4 adjusted loss of $2.75 per share, missing analysts' estimate of a profit of 33 cents per share

MOH was up ~2% in 2025