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Clover Health Investments CLOV Insurance segment — Elimination of intersegment profits
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Where this comes from
Reported directly by Clover Health Investments in its filing.
Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
The source filing: Clover Health Investments’s 10-Q, filed May 8, 2026.
- Filed
- May 8, 2026, 8:06 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001801170-26-000122
| Insurance Segment | Three months ended March 31, 2026 | Three months ended March 31, 2025 |
|---|---|---|
| Net medical claims incurred | 610,001 | 367,887 |
| Segment gross profit | $134,188 | $89,019 |
| Reconciliation: | ||
| Elimination of intersegment profits | $20,353 | $14,445 |
| Other income | 5,000 | 5,425 |
| Salaries and benefits | (57,063) | (59,022) |
| General and administrative expenses | (74,629) | (50,675) |
| Depreciation and amortization | (515) | (466) |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Clover Health Investments's insurance segment — elimination of intersegment profits?
- Clover Health Investments (CLOV) reported insurance segment — elimination of intersegment profits of $20.35M in Q1 2026.
- How has Clover Health Investments's insurance segment — elimination of intersegment profits changed year-over-year?
- Clover Health Investments's insurance segment — elimination of intersegment profits increased by 40.9% year-over-year, from $14.45M to $20.35M.
- What does insurance segment — elimination of intersegment profits mean?
- This adjustment removes profit margins recognized on transactions between internal business units to ensure consolidated financial statements reflect only external revenue. It is essential for accurately assessing the true economic contribution of the insurance segment.
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