Annual Income Statements for Clover Health Investments
This table shows Clover Health Investments' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Clover Health Investments
This table shows Clover Health Investments' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
-29 |
-41 |
-70 |
-19 |
7.41 |
-9.16 |
-22 |
-1.27 |
-11 |
-24 |
-49 |
| Consolidated Net Income / (Loss) |
|
-29 |
-41 |
-70 |
-19 |
7.41 |
-9.16 |
-22 |
-1.27 |
-11 |
-24 |
-49 |
| Net Income / (Loss) Continuing Operations |
|
-29 |
-34 |
-68 |
-23 |
7.17 |
-8.79 |
-21 |
-1.27 |
-11 |
-24 |
-49 |
| Total Pre-Tax Income |
|
-29 |
-34 |
-68 |
-23 |
7.19 |
-8.79 |
-21 |
-1.27 |
-11 |
-24 |
-49 |
| Total Revenue |
|
320 |
306 |
308 |
347 |
356 |
331 |
337 |
462 |
478 |
497 |
488 |
| Total Non-Interest Income |
|
320 |
306 |
308 |
347 |
356 |
331 |
337 |
462 |
478 |
497 |
488 |
| Other Service Charges |
|
5.76 |
4.80 |
9.32 |
5.20 |
6.36 |
8.41 |
6.28 |
5.43 |
7.79 |
18 |
1.84 |
| Premiums Earned |
|
314 |
301 |
303 |
342 |
350 |
323 |
331 |
457 |
470 |
479 |
486 |
| Total Non-Interest Expense |
|
349 |
340 |
376 |
370 |
349 |
340 |
358 |
464 |
488 |
521 |
537 |
| Salaries and Employee Benefits |
|
62 |
61 |
65 |
59 |
55 |
55 |
63 |
59 |
61 |
48 |
57 |
| Property & Liability Insurance Claims |
|
239 |
236 |
247 |
265 |
248 |
250 |
243 |
353 |
378 |
423 |
413 |
| Other Operating Expenses |
|
42 |
41 |
45 |
45 |
44 |
35 |
52 |
51 |
48 |
49 |
66 |
| Depreciation Expense |
|
1.00 |
0.56 |
0.67 |
0.32 |
0.33 |
0.34 |
0.34 |
0.47 |
0.39 |
0.41 |
0.42 |
| Other Gains / (Losses), net |
|
0.00 |
0.00 |
- |
-0.47 |
-0.02 |
0.00 |
- |
0.00 |
-0.02 |
0.00 |
-0.00 |
| Weighted Average Basic Shares Outstanding |
|
479.16M |
480.77M |
482.18M |
486.37M |
487.48M |
490.18M |
490.02M |
497.06M |
509.04M |
512.74M |
511.97M |
| Weighted Average Diluted Shares Outstanding |
|
479.16M |
480.77M |
482.18M |
486.37M |
495.18M |
490.18M |
490.02M |
497.06M |
509.04M |
512.74M |
511.97M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
484.86M |
487.64M |
495.29M |
486.37M |
497.47M |
501.11M |
510.91M |
508.92M |
512.51M |
516.68M |
524.67M |
Annual Cash Flow Statements for Clover Health Investments
This table details how cash moves in and out of Clover Health Investments' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Net Change in Cash & Equivalents |
|
-7.81 |
25 |
208 |
-114 |
-9.72 |
18 |
-116 |
| Net Cash From Operating Activities |
|
-160 |
-118 |
-282 |
-204 |
-145 |
35 |
-67 |
| Net Cash From Continuing Operating Activities |
|
-160 |
-118 |
-282 |
-305 |
-35 |
82 |
-67 |
| Net Income / (Loss) Continuing Operations |
|
-364 |
-136 |
-588 |
-340 |
-213 |
-43 |
-86 |
| Consolidated Net Income / (Loss) |
|
-364 |
-136 |
-588 |
-340 |
-213 |
-43 |
-86 |
| Depreciation Expense |
|
-2.31 |
0.36 |
1.45 |
-0.32 |
-1.51 |
-1.19 |
-0.16 |
| Amortization Expense |
|
16 |
101 |
-52 |
-0.87 |
0.09 |
0.05 |
0.02 |
| Non-Cash Adjustments to Reconcile Net Income |
|
16 |
17 |
311 |
39 |
154 |
114 |
103 |
| Changes in Operating Assets and Liabilities, net |
|
174 |
-101 |
45 |
-2.36 |
25 |
12 |
-84 |
| Net Cash From Discontinued Operating Activities |
|
- |
- |
- |
101 |
-110 |
-48 |
0.00 |
| Net Cash From Investing Activities |
|
-182 |
137 |
-435 |
95 |
140 |
0.57 |
4.08 |
| Net Cash From Continuing Investing Activities |
|
-182 |
137 |
-435 |
95 |
140 |
0.57 |
4.08 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-0.02 |
-0.69 |
-0.72 |
-4.47 |
-0.58 |
-1.56 |
-2.04 |
| Purchase of Investment Securities |
|
-507 |
-174 |
-876 |
-386 |
-176 |
-201 |
-205 |
| Sale and/or Maturity of Investments |
|
325 |
312 |
442 |
485 |
316 |
203 |
211 |
| Net Cash From Financing Activities |
|
334 |
5.84 |
925 |
-4.96 |
-5.07 |
-17 |
-53 |
| Net Cash From Continuing Financing Activities |
|
334 |
5.84 |
925 |
-4.96 |
-5.07 |
-17 |
-53 |
| Issuance of Common Equity |
|
0.60 |
1.75 |
290 |
1.40 |
1.15 |
0.90 |
1.81 |
| Repurchase of Common Equity |
|
0.00 |
-0.96 |
-0.23 |
-6.36 |
0.00 |
-1.77 |
-18 |
| Other Financing Activities, Net |
|
-0.36 |
3.81 |
667 |
- |
-6.22 |
-16 |
-37 |
Quarterly Cash Flow Statements for Clover Health Investments
This table details how cash moves in and out of Clover Health Investments' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
| Net Change in Cash & Equivalents |
|
120 |
-41 |
-175 |
32 |
47 |
33 |
-93 |
-39 |
33 |
1.41 |
-112 |
| Net Cash From Operating Activities |
|
53 |
-19 |
-258 |
26 |
45 |
50 |
-86 |
-16 |
5.41 |
12 |
-68 |
| Net Cash From Continuing Operating Activities |
|
33 |
-32 |
-115 |
34 |
54 |
50 |
-47 |
-16 |
5.41 |
12 |
-68 |
| Net Income / (Loss) Continuing Operations |
|
-29 |
-41 |
-70 |
-19 |
7.41 |
-9.16 |
-22 |
-1.27 |
-11 |
-24 |
-49 |
| Consolidated Net Income / (Loss) |
|
-29 |
-41 |
-70 |
-19 |
7.41 |
-9.16 |
-22 |
-1.27 |
-11 |
-24 |
-49 |
| Depreciation Expense |
|
2.40 |
-0.69 |
-0.24 |
-0.35 |
-0.62 |
-0.18 |
-0.04 |
0.03 |
-0.12 |
0.01 |
-0.08 |
| Amortization Expense |
|
- |
- |
0.09 |
- |
- |
- |
0.03 |
- |
- |
- |
0.00 |
| Non-Cash Adjustments to Reconcile Net Income |
|
11 |
33 |
53 |
29 |
36 |
28 |
29 |
26 |
26 |
26 |
25 |
| Changes in Operating Assets and Liabilities, net |
|
48 |
-24 |
-97 |
24 |
11 |
31 |
-54 |
-41 |
-9.72 |
11 |
-43 |
| Net Cash From Investing Activities |
|
66 |
-20 |
84 |
9.19 |
4.95 |
-12 |
-1.44 |
8.93 |
36 |
-5.43 |
-35 |
| Net Cash From Continuing Investing Activities |
|
66 |
-20 |
84 |
9.19 |
4.95 |
-12 |
-1.44 |
8.93 |
36 |
-5.43 |
-35 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-0.35 |
-0.24 |
0.26 |
-0.45 |
-0.40 |
-0.40 |
-0.32 |
-0.19 |
-0.57 |
-0.69 |
-0.60 |
| Purchase of Investment Securities |
|
-6.26 |
-68 |
-33 |
-24 |
-28 |
-102 |
-48 |
-33 |
-27 |
-39 |
-106 |
| Sale and/or Maturity of Investments |
|
73 |
48 |
117 |
34 |
33 |
90 |
47 |
42 |
63 |
34 |
72 |
| Net Cash From Financing Activities |
|
-0.15 |
-1.96 |
-0.83 |
-3.36 |
-3.20 |
-4.67 |
-6.14 |
-32 |
-7.77 |
-5.27 |
-8.61 |
| Net Cash From Continuing Financing Activities |
|
-0.15 |
-1.96 |
-0.83 |
-3.36 |
-3.20 |
-4.67 |
-6.14 |
-32 |
-7.77 |
-5.27 |
-8.61 |
| Issuance of Common Equity |
|
0.27 |
0.03 |
0.00 |
0.00 |
0.02 |
0.22 |
0.66 |
0.22 |
0.70 |
0.31 |
0.59 |
| Other Financing Activities, Net |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
-5.58 |
-9.20 |
Annual Balance Sheets for Clover Health Investments
This table presents Clover Health Investments' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Total Assets |
|
0.10 |
267 |
951 |
809 |
571 |
581 |
541 |
| Cash and Due from Banks |
|
0.00 |
92 |
300 |
104 |
116 |
195 |
78 |
| Trading Account Securities |
|
0.00 |
55 |
197 |
328 |
229 |
243 |
225 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Customer and Other Receivables |
|
- |
39 |
48 |
71 |
64 |
52 |
95 |
| Premises and Equipment, Net |
|
- |
2.08 |
2.29 |
5.75 |
5.08 |
5.31 |
6.39 |
| Unearned Premiums Asset |
|
- |
35 |
35 |
20 |
22 |
41 |
64 |
| Intangible Assets |
|
- |
4.23 |
4.23 |
20 |
2.99 |
2.99 |
2.99 |
| Other Assets |
|
0.00 |
40 |
353 |
160 |
131 |
42 |
70 |
| Total Liabilities & Shareholders' Equity |
|
0.10 |
267 |
951 |
809 |
571 |
581 |
541 |
| Total Liabilities |
|
0.12 |
433 |
411 |
452 |
284 |
240 |
232 |
| Other Short-Term Payables |
|
0.12 |
139 |
184 |
200 |
261 |
214 |
209 |
| Other Long-Term Liabilities |
|
0.00 |
162 |
19 |
20 |
23 |
26 |
23 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
-0.02 |
-613 |
539 |
357 |
286 |
341 |
309 |
| Total Preferred & Common Equity |
|
-0.02 |
-617 |
535 |
357 |
286 |
341 |
309 |
| Total Common Equity |
|
-0.02 |
-617 |
535 |
357 |
286 |
341 |
309 |
| Common Stock |
|
0.00 |
412 |
2,154 |
2,319 |
2,461 |
2,576 |
2,683 |
| Retained Earnings |
|
-0.02 |
-1,029 |
-1,617 |
-1,946 |
-2,160 |
-2,203 |
-2,288 |
| Treasury Stock |
|
- |
0.00 |
-0.15 |
-6.51 |
-13 |
-31 |
-86 |
| Accumulated Other Comprehensive Income / (Loss) |
|
- |
0.01 |
-1.93 |
-9.37 |
-2.37 |
-1.58 |
0.53 |
Quarterly Balance Sheets for Clover Health Investments
This table presents Clover Health Investments' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
| Total Assets |
|
1,558 |
1,454 |
1,258 |
1,060 |
672 |
674 |
653 |
584 |
575 |
560 |
| Cash and Due from Banks |
|
383 |
191 |
310 |
299 |
208 |
255 |
288 |
155 |
189 |
190 |
| Trading Account Securities |
|
247 |
292 |
273 |
305 |
223 |
218 |
242 |
235 |
201 |
206 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Customer and Other Receivables |
|
59 |
57 |
51 |
52 |
84 |
67 |
37 |
54 |
47 |
58 |
| Premises and Equipment, Net |
|
2.53 |
4.55 |
4.62 |
4.57 |
5.21 |
5.28 |
5.34 |
5.03 |
5.20 |
5.49 |
| Unearned Premiums Asset |
|
14 |
70 |
2.06 |
16 |
71 |
54 |
21 |
85 |
84 |
46 |
| Intangible Assets |
|
4.23 |
20 |
19 |
19 |
2.99 |
2.99 |
2.99 |
2.99 |
2.99 |
2.99 |
| Other Assets |
|
836 |
739 |
516 |
314 |
77 |
72 |
56 |
47 |
46 |
52 |
| Total Liabilities & Shareholders' Equity |
|
1,558 |
1,454 |
1,258 |
1,060 |
672 |
674 |
653 |
584 |
575 |
560 |
| Total Liabilities |
|
1,166 |
1,130 |
927 |
738 |
379 |
349 |
311 |
248 |
231 |
219 |
| Other Short-Term Payables |
|
296 |
329 |
293 |
279 |
355 |
323 |
276 |
216 |
202 |
193 |
| Other Long-Term Liabilities |
|
17 |
20 |
20 |
19 |
23 |
25 |
33 |
32 |
29 |
25 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
392 |
323 |
331 |
322 |
292 |
325 |
342 |
336 |
344 |
341 |
| Total Preferred & Common Equity |
|
392 |
323 |
331 |
322 |
292 |
325 |
342 |
336 |
344 |
341 |
| Total Common Equity |
|
392 |
323 |
331 |
322 |
292 |
325 |
342 |
336 |
344 |
341 |
| Common Stock |
|
2,281 |
2,359 |
2,395 |
2,428 |
2,490 |
2,518 |
2,546 |
2,603 |
2,630 |
2,656 |
| Retained Earnings |
|
-1,872 |
-2,019 |
-2,048 |
-2,089 |
-2,179 |
-2,172 |
-2,181 |
-2,204 |
-2,215 |
-2,239 |
| Treasury Stock |
|
-6.47 |
-9.49 |
-9.91 |
-12 |
-16 |
-19 |
-24 |
-63 |
-71 |
-77 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-11 |
-7.03 |
-6.72 |
-5.07 |
-2.56 |
-2.26 |
0.85 |
-0.07 |
0.18 |
0.47 |
Annual Metrics And Ratios for Clover Health Investments
This table displays calculated financial ratios and metrics derived from Clover Health Investments' official financial filings.
| Metric |
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
516,678,055.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
516,678,055.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
-0.17 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.00 |
($0.32) |
($1.42) |
($0.71) |
($0.44) |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
406.32M |
412.92M |
476.24M |
482.18M |
490.02M |
511.97M |
| Adjusted Diluted Earnings per Share |
|
$0.00 |
($0.32) |
($1.42) |
($0.71) |
($0.44) |
$0.00 |
$0.00 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
406.32M |
412.92M |
476.24M |
482.18M |
490.02M |
511.97M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
($0.32) |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
130.11M |
473.27M |
479.55M |
495.29M |
510.91M |
524.67M |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
Quarterly Metrics And Ratios for Clover Health Investments
This table displays calculated financial ratios and metrics derived from Clover Health Investments' official financial filings.
| Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
516,678,055.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
516,678,055.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
-0.10 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
($0.06) |
($0.09) |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
479.16M |
480.77M |
482.18M |
486.37M |
487.48M |
490.18M |
490.02M |
497.06M |
509.04M |
512.74M |
511.97M |
| Adjusted Diluted Earnings per Share |
|
($0.06) |
($0.09) |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
479.16M |
480.77M |
482.18M |
486.37M |
495.18M |
490.18M |
490.02M |
497.06M |
509.04M |
512.74M |
511.97M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
484.86M |
487.64M |
495.29M |
1.05B |
497.47M |
501.11M |
510.91M |
508.92M |
512.51M |
516.68M |
524.67M |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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