Clover Health Investments Corp (CLOV) Q3 2024 Earnings Call Highlights: Strong Financial ... [Yahoo! Finance]
Clover Health Investments, Corp. - Class A Common stock (CLOV)
Company Research
Source: Yahoo! Finance
Adjusted EBITDA: Improved to a profit of $19 million for Q3 2024, up from $3 million in Q3 2023. Year-to-Date Adjusted EBITDA: Increased by $87 million year-over-year, reaching $62 million. Insurance Benefits Expense Ratio (BER): Improved to 82.8% in Q3 2024 from 82.3% in Q3 2023. Insurance Medical Cost Ratio (MCR): Improved to 78% in Q3 2024 from 78.5% in Q3 2023. Insurance Revenue: $323 million for Q3 2024, representing a 7% year-over-year growth. Year-to-Date Revenue: $1.14 billion, reflecting a 9% year-over-year growth. Total SG&A: Decreased by 11% year-over-year for Q3 2024. Adjusted SG&A: $62 million for Q3 2024, an 8% decrease year-over-year. Cash Flow from Operating Activities: $50 million for Q3 2024, with year-to-date cash flow at $130 million. Cash and Investments: $531 million at the end of Q3 2024, with $306 million at the parent entity level. Full Year 2024 Insurance Revenue Guidance: Reaffirmed between $1.35 billion and $1.375 billion. Full Year 2
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News
- Bears are Losing Control Over Clover Health Investments (CLOV), Here's Why It's a 'Buy' Now [Yahoo! Finance]Yahoo! Finance
- Clover Health Investments Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- CLOV Stock Declines Despite Q3 Earnings Beat, FY24 View Revised [Yahoo! Finance]Yahoo! Finance
- Clover Health Investments, Corp. (CLOV) Reports Q3 Loss, Lags Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Clover Health Reports Strong Third Quarter 2024 Financial Results; Highlights Differentiated Market Opportunity to Grow Membership [Yahoo! Finance]Yahoo! Finance
CLOV
Earnings
- 11/6/24 - Beat
CLOV
Sec Filings
- 11/18/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CLOV's page on the SEC website