Business
Clover Health Reports First Quarter 2025 Results and Improves Full Year 2025 Guidance
First quarter 2025 Medicare Advantage membership of 103,418, up 30% year-over-yearFirst quarter 2025 Total revenues of $462 million, up 33% year-over-yearMedicare Advantage medical costs are in line with expectations, underscoring the strength of Clover’s technology-first care management modelMeaningful improvement across first quarter 2025 profitability metrics: GAAP Net loss of $1 million, as compared to a GAAP Net loss of $19 million a year agoAdjusted EBITDA of $26 million, up 279% year-over
About this update from Clover Pakistan Limited
[{"type":"image","alt":"Clover Health Investments, Corp.","displaySize":"","headline":null,"caption":"Clover Health Investments, Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":69,"url":"https://media.zenfs.com/en/globenewswire.com/5220c2eec2b7aec2d58005b5a05e9207"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1HrSYo.eR7ZNai2k9C6CsA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk3O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/5220c2eec2b7aec2d58005b5a05e9207","width":300,"height":69}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter 2025 Medicare Advantage membership of 103,418, up 30% year-over-year","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter 2025 Total revenues of $462 million, up 33% year-over-year","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"Medicare Advantage medical costs are in line with expectations, underscoring the strength of Clover’s technology-first care management model","length":140,"tagName":"p"}]},{"val":[{"type":"text","content":"Meaningful improvement across first quarter 2025 profitability metrics:","length":71,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"GAAP Net loss of $1 million, as compared to a GAAP Net loss of $19 million a year ago","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $26 million, up 279% year-over-year","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted Net income of $25 million, up 322% year-over-year","length":58,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":197,"olType":false}]}],"tagName":"ul","bulletedList":true,"length":562,"olType":false},{"type":"text","content":"Improved Full Year 2025 Guidance:","length":33,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Average Medicare Advantage membership of 103,000 - 107,000, representing 30% growth year-over-year at the midpoint","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Insurance revenue between $1.800 billion and $1.875 billion, representing 37% growth year-over-year at the midpoint","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA profitability between $50 million and $70 million","length":75,"tagName":"p"}]},{"val":[{"type":"text",...