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Clover Health Q1 2025 Earnings Report
Clover Health reported its first quarter 2025 results, showing significant growth in Medicare Advantage membership and improved profitability, and updated its full-year 2025 guidance.
Key Takeaways
Clover Health demonstrated a strong start to the year with a 33.3% increase in total revenues to $462.3 million and a significant improvement in profitability, reducing its GAAP Net loss to $1.3 million from $23.2 million in the prior year. The company also saw a 30% year-over-year growth in Medicare Advantage membership.
Medicare Advantage membership increased by 30% year-over-year to 103,418.
Total revenues grew by 33% year-over-year to $462 million.
GAAP Net loss significantly improved to $1 million, compared to $19 million a year ago.
Adjusted EBITDA increased by 279% year-over-year to $26 million.
Forward Guidance
Clover Health improved its full-year 2025 guidance, projecting higher average Medicare Advantage membership, increased insurance revenue, and stronger profitability for Adjusted EBITDA and Adjusted Net Income.
Positive Outlook
- Average Medicare Advantage membership projected between 103,000 - 107,000, representing 30% growth year-over-year at the midpoint.
- Insurance revenue projected between $1.800 billion and $1.875 billion, representing 37% growth year-over-year at the midpoint.
- Adjusted EBITDA profitability projected between $50 million and $70 million.
- Adjusted Net income profitability projected between $50 million and $70 million.
- Insurance BER projected between 87% - 88%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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