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Alignment Healthcare ALHC Net premiums earned

Net premiums earned at other companies

Humana logo
HumanaHUM
$38.83B+26.4%
CVS Health logo
CVS HealthCVS
$35.12B+2.7%
UnitedHealth Group logo
UnitedHealth GroupUNH
$86.96B-1.1%
Elevance Health logo
Elevance HealthELV
$41.28B0.0%
Clover Health Investments logo
Clover Health InvestmentsCLOV
$744.19M+62.9%
Molina Healthcare logo
Molina HealthcareMOH
$10.24B-5.7%

Segments

By product

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Premium$1.23B+33.8%
Capitation$258K-81.8%

Other financials

Income statement

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Revenue$1.2B+33.3%
Operating income$15.5M+387%
Net income$11.4M+225%
EPS (diluted)$0.05+200%

Balance sheet

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Cash & equivalents$707.7M+57.9%
Total debt$323.6M+0.5%
Total equity$206.9M+91.3%
Total assets$1.3B+40.9%

Cash flow

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Operating cash flow$128.7M+674%
CapEx$7.4M-10.8%
Free cash flow$121.3M+1,350%

Valuation

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Market cap$2.78B+2.2%
Enterprise value$2.39B-6.8%
P/E140.1×
P/S0.7×-0.2×

Profitability

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Operating margin0.1%0.0pp
Net margin0.5%+0.2pp
FCF margin4.1%

Returns & leverage

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Return on equity12.6%+6.8pp
Debt / equity1.6×-1.4×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by Alignment Healthcare in its filing.

Tagged under the XBRL concept us-gaap:PremiumsEarnedNet.

The source filing: Alignment Healthcare’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:14 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028901
Line itemThree Months Ended March 31, 20262025
Revenues:
Earned premiums$1,226,566$918,043
Other8,6318,889
Total revenues1,235,197926,932
Expenses:
Medical expenses1,090,717820,900
Selling, general, and administrative expenses121,138103,831
Depreciation and amortization7,8397,594

Item 1. Financial Statements (Unaudited):

FAQ

What is Alignment Healthcare's net premiums earned?
Alignment Healthcare (ALHC) reported net premiums earned of $1.23B in Q1 2026.
How has Alignment Healthcare's net premiums earned changed year-over-year?
Alignment Healthcare's net premiums earned increased by 33.6% year-over-year, from $918.04M to $1.23B.
What is the long-term trend for Alignment Healthcare's net premiums earned?
Over 4 years (2021 to 2025), Alignment Healthcare's net premiums earned has grown at a 35.3% compound annual growth rate (CAGR), from $1.17B to $3.91B.
What does net premiums earned mean?
This metric represents the total revenue recognized by an insurance provider from premiums after accounting for reinsurance cessions. It serves as the primary indicator of the company's core insurance business scale and market reach. Investors use this to evaluate the company's ability to attract and retain policyholders within its Medicare Advantage plans.

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