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Clover Health Investments CLOV Insurance Operations — Ceded premiums

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Other financials

Income statement

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Revenue$749.2M+62.0%
Operating income$27.3M+2,246%
Net income$27.3M+2,246%
EPS (diluted)$0.05

Balance sheet

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Cash & equivalents$173.3M+11.5%
Total debt$3.3M-0.9%
Total equity$339.4M+1.0%
Total assets$697.7M+19.5%

Cash flow

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Operating cash flow$107.9M+762%
CapEx$854.0K+362%
Free cash flow$107.0M+750%

Valuation

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Market cap$2.45B+113%
P/S1.1×+0.4×

Profitability

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Operating margin-2.6%+3.5pp
Net margin-2.6%+2.8pp
FCF margin-10.3%

Returns & leverage

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Return on equity-16.9%-170pp
Debt / equity0.0×
Current ratio1.3×-0.2×

Where this comes from

Reported directly by Clover Health Investments in its filing.

Tagged under the XBRL concept us-gaap:CededPremiumsEarned.

The source filing: Clover Health Investments’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 8:08 AM EST
Fiscal year
FY2025
Accession
0001801170-26-000057
Line itemYear ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Premiums earned, gross$1,892,107$1,345,280$1,236,213
Premiums earned, ceded(375)(399)(444)
Net premiums earned$1,891,732$1,344,881$1,235,769

Item 8. Consolidated Financial Statements and Supplementary Data

FAQ

What is Clover Health Investments's insurance operations — ceded premiums?
Clover Health Investments (CLOV) reported insurance operations — ceded premiums of $93.75K in Q4 2025.
How has Clover Health Investments's insurance operations — ceded premiums changed year-over-year?
Clover Health Investments's insurance operations — ceded premiums decreased by 6.0% year-over-year, from $99.75K to $93.75K.
What is the long-term trend for Clover Health Investments's insurance operations — ceded premiums?
Over 4 years (2021 to 2025), Clover Health Investments's insurance operations — ceded premiums has grown at a -6.4% compound annual growth rate (CAGR), from $489K to $375K.
What does insurance operations — ceded premiums mean?
The portion of gross premiums that an insurance company pays to a reinsurer to transfer a portion of its underwriting risk. By ceding premiums, the company reduces its potential exposure to large claims. This metric reflects the company's risk management strategy and the cost of maintaining reinsurance protection.

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