Clover Health Investments Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	1,737	1,345	1,243	1,178	688.79	682.83
Gain (Loss) on Sale of Investments	0.93	0.01	-4.71	8.95	-0.05	1.11
Non-Insurance Activities Revenue	-	-	-	-	667.64	-
Other Revenue	36.09	25.77	24.75	11.95	5	6.08
Total Revenue	1,774	1,371	1,263	1,199	1,361	690.02
Revenue Growth (YoY)	32.15%	8.52%	5.32%	-11.91%	97.30%	51.74%
Policy Benefits	1,398	1,006	1,005	993.07	1,551	590.08
Depreciation & Amortization	1.61	1.33	2.51	1.19	1.25	0.56
Selling, General & Administrative	308.78	290.81	324.02	367.98	349.01	127.91
Other Operating Expenses	-	-	-	0.07	0.19	-
Total Operating Expenses	1,831	1,417	1,447	1,477	1,998	782.72
Operating Income	-57.66	-45.93	-184.29	-277.45	-636.99	-92.71
Interest Expense	-	-	-0.01	-1.36	-16.91	-57.11
Other Non Operating Income (Expenses)	-0.05	-0.05	-0.09	0.9	66.15	13.42
EBT Excluding Unusual Items	-57.71	-45.98	-184.38	-277.91	-587.76	-136.39
Merger & Restructuring Charges	-	-0.29	-9.82	-	-	-
Impairment of Goodwill	-	-	-11.7	-	-	-
Asset Writedown	-	-	-4.25	-	-	-
Other Unusual Items	-	-	-	23.33	-	-
Pretax Income	-57.71	-46.27	-210.15	-254.58	-587.76	-136.39
Earnings From Continuing Ops.	-57.71	-46.27	-210.15	-254.58	-587.76	-136.39
Earnings From Discontinued Ops.	-0.61	3.26	-3.21	-84.98	-	-
Net Income	-58.32	-43.01	-213.36	-339.57	-587.76	-136.39
Net Income to Common	-58.32	-43.01	-213.36	-339.57	-587.76	-136.39
Shares Outstanding (Basic)	506	490	482	476	413	89
Shares Outstanding (Diluted)	506	490	482	476	413	89
Shares Change (YoY)	3.78%	1.63%	1.25%	15.33%	365.57%	0.98%
EPS (Basic)	-0.12	-0.09	-0.44	-0.71	-1.42	-1.54
EPS (Diluted)	-0.12	-0.09	-0.44	-0.71	-1.42	-1.54
Free Cash Flow	-86.38	33.29	-145.25	-208.39	-283.05	-119.19
Free Cash Flow Per Share	-0.17	0.07	-0.30	-0.44	-0.69	-1.34
Operating Margin	-3.25%	-3.35%	-14.59%	-23.13%	-46.79%	-13.44%
Profit Margin	-3.29%	-3.14%	-16.89%	-28.31%	-43.17%	-19.77%
Free Cash Flow Margin	-4.87%	2.43%	-11.50%	-17.38%	-20.79%	-17.27%
EBITDA	-56.05	-44.6	-181.78	-276.26	-635.75	-92.15
EBITDA Margin	-3.16%	-3.25%	-14.39%	-23.04%	-46.70%	-13.36%
D&A For EBITDA	1.61	1.33	2.51	1.19	1.25	0.56
EBIT	-57.66	-45.93	-184.29	-277.45	-636.99	-92.71
EBIT Margin	-3.25%	-3.35%	-14.59%	-23.13%	-46.79%	-13.44%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.