Clover Health Investments CLOV Insurance Operations — Net medical claims incurred

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FRHCInsurance — Insurance claims incurred, net of reinsurance

$77.94M-25.4%

FRHCOther — Insurance claims incurred, net of reinsurance

$0—

FRHCBanking — Insurance claims incurred, net of reinsurance

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UNHHealth Insurance Product Line — Net Incurred Medical Costs

$578.69B+118%

FRHCInsurance claims and policyholder benefits, net of reinsurance

$64.83M-0.5%

ACGLInsurance — Net Losses and Loss Adjustment Expenses Incurred

$1.19B+17.1%

Questions, answered.

What is Clover Health Investments's insurance operations — net medical claims incurred?

Clover Health Investments (CLOV) reported insurance operations — net medical claims incurred of $383.36M in Q4 2025.

How has Clover Health Investments's insurance operations — net medical claims incurred changed year-over-year?

Clover Health Investments's insurance operations — net medical claims incurred increased by 55.6% year-over-year, from $246.4M to $383.36M.

What is the long-term trend for Clover Health Investments's insurance operations — net medical claims incurred?

Over 4 years (2021 to 2025), Clover Health Investments's insurance operations — net medical claims incurred has grown at a 16.3% compound annual growth rate (CAGR), from $838.13M to $1.53B.

What does insurance operations — net medical claims incurred mean?

The total medical claims expense incurred by the insurance segment, net of any reinsurance recoveries. This represents the actual medical cost burden retained by the company after accounting for risk-transfer arrangements. It is a fundamental metric for calculating the medical loss ratio and assessing overall underwriting profitability.