Clover Health Investments, Corp. reported significant financial developments in its 2025 fiscal year, with total revenues reaching $1.92 billion, a 40.3% increase from $1.37 billion in 2024. This growth was primarily driven by a 33% increase in average membership, which rose to 153,000 members, with over 97% enrolled in the company's flagship Preferred Provider Organization (PPO) plans. However, the company also faced challenges, incurring a net loss of $85.5 million, compared to a loss of $46.3 million in the previous year, reflecting an 84.9% increase in losses year-over-year.
The company's operational metrics showed a rise in net medical claims incurred, which increased by 55.9% to $1.57 billion, largely due to the growth in membership and increased costs associated with the Inflation Reduction Act. General and administrative expenses also rose by 21.4% to $214.3 million, driven by higher professional and broker fees linked to membership growth. Despite these challenges, Clover Health's focus on technology, particularly its proprietary Clover Assistant platform, aims to enhance care delivery and reduce costs for its Medicare Advantage members.
Strategically, Clover Health launched Counterpart Health, Inc. in 2024, a subsidiary designed to extend the benefits of its Clover Assistant technology to external payors and providers. This initiative is part of a broader strategy to leverage technology for improved patient outcomes and reduced healthcare costs. The company also expanded its geographic presence, operating in 203 counties across five states as of January 1, 2026.
Looking ahead, Clover Health anticipates continued investment in its technology infrastructure and clinical care programs to drive membership growth and improve care quality. However, the company acknowledges the risks associated with maintaining profitability, particularly in light of its accumulated deficit of approximately $2.29 billion as of December 31, 2025. The management's outlook emphasizes the importance of increasing the lifetime value of enrollments and effectively managing medical expenses to achieve sustainable growth and profitability in the future.
About CLOVER HEALTH INVESTMENTS, CORP. /DE
Clover Health Investments is a healthcare technology company focused on improving Medicare Advantage plans through its proprietary Clover Assistant platform. The cloud-based software enables physicians to deliver personalized, data-driven care by synthesizing extensive health data, improving clinical decisions, and managing chronic diseases. The company emphasizes broad provider networks, underserved markets, and expanding its AI-powered solutions to enhance care quality, reduce costs, and empower providers nationwide.
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