v3.26.1
Operating Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Operating Segments Operating Segments
Clover Health has one reportable segment: Insurance. The Insurance segment provides PPO and HMO plans to Medicare Advantage members in several states. The segment information is prepared on the same basis that the Company's chief executive officer uses, who is the Chief Operating Decision Maker ("CODM"). These segment groupings are consistent with information used by the CODM, to assess performance and allocate resources. The CODM uses segment gross profit in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation. The accounting policies of the Insurance segment are the same as those described in the summary of significant accounting policies. The CODM does not receive or review a measure of assets by segment; asset information reviewed by the CODM is limited to consolidated liquidity metrics, including total cash and investment balances; accordingly, segment assets are not disclosed.
Three Months Ended
June 30,		Six Months Ended
June 30,
Insurance Segment2026202520262025
(in thousands)
Premiums earned, net (net of ceded premiums)$737,767 $469,826 $1,481,956 $926,732 
Less:
Net medical claims incurred615,422 394,212 1,225,423 762,100 
Segment gross profit$122,345 $75,614 $256,533 $164,632 
Reconciliation:
Elimination of intersegment profits$25,257 $16,220 $45,610 $30,666 
Other income5,400 7,794 10,400 13,219 
Salaries and benefits(54,138)(61,309)(111,201)(120,331)
General and administrative expenses(70,299)(48,484)(144,928)(99,159)
Depreciation and amortization(564)(394)(1,079)(860)
Change in fair value of warrants— (19)— (19)
Net income (loss)
$28,001 $(10,578)$55,335 $(11,852)