v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements for Items
The following tables present a summary of fair value measurements for financial instruments at June 30, 2026 and December 31, 2025, respectively:
June 30, 2026Level 1Level 2Level 3
Total Fair Value
(in thousands)
U.S. government and government agencies$— $140,895 $— $140,895 
Corporate debt securities— 88,059 — 88,059 
Private equity investments
— — 12,226 12,226 
Other
— 216 — 216 
Total assets at fair value$— $229,170 $12,226 $241,396 
December 31, 2025Level 1Level 2Level 3
Total Fair Value
(in thousands)
U.S. government and government agencies$— $129,447 $— $129,447 
Corporate debt securities— 80,495 — 80,495 
Private equity investments
— — 12,226 12,226 
Other
— 281 — 281 
Total assets at fair value$— $210,223 $12,226 $222,449 
Schedule of Changes in Balances of Level 3 Financial Liabilities
The changes in balances of Clover's Level 3 financial assets and liabilities were as follows:
Equity
Investments
(in thousands)
Balance, December 31, 2025$12,226 
Realized gains— 
Unrealized gains (losses)— 
Purchases— 
Sales— 
Transfers in— 
Balance, June 30, 2026$12,226 
Unrealized gains for assets still held, included in Net income$—