---
schema_version: "secwatch.filing_event.v1"
accession: "0001801170-23-000037"
form_type: "8-K"
ticker: "CLOV"
cik: "0001801170"
company_name: "CLOVER HEALTH INVESTMENTS, CORP. /DE"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:45:00.200876+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Clover Health Q1 2023 Insurance MCR improves to 86.6%, raises FY guidance

## Summary
- Insurance revenue $317.1M (+14% YoY); Insurance MCR improved 980 bps to 86.6% from 96.4%.
- Net loss $72.6M vs $75.5M Q1 2022; Adjusted EBITDA $(30.5)M, improvement of $40.4M YoY.
- FY 2023 guidance raised: Insurance MCR 87%-89% (prior 88%-91%), revenue $1.18B-$1.23B, Adj. EBITDA ($125M)-($175M).
- Non-Insurance revenue $205.8M (-65% as planned); Non-Insurance MCR improved to 96.1% from 99.8%.

## SEC filing metadata
- accession: 0001801170-23-000037
- form_type: 8-K
- ticker: CLOV
- cik: 0001801170
- company_name: CLOVER HEALTH INVESTMENTS, CORP. /DE
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801170/000180117023000037/0001801170-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801170/000180117023000037/clov-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801170-23-000037
- JSON: https://secwatch.observer/filing/0001801170-23-000037.json
- Plain text: https://secwatch.observer/filing/0001801170-23-000037.txt

## Key facts
- Earnings Releases
  CLOVER HEALTH INVESTMENTS, CORP. /DE reported the first quarter 2023 results: revenue $527.8 million, net income net loss of $72.6 million. Guidance raised.
  - Period: the first quarter 2023
  - Revenue: $527.8 million
  - Net income: net loss of $72.6 million
  - Guidance: raised
  - Result: reported results
  source text: For the first quarter 2023, the Company reported revenue of $527.8 million and net loss of $72.6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801170/000180117023000037/0001801170-23-000037-index.htm
- Earnings Releases
  CLOVER HEALTH INVESTMENTS, CORP. /DE reported full year 2023 results: revenue Insurance revenue of $1.18 billion - $1.23 billion. Guidance raised.
  - Period: full year 2023
  - Revenue: Insurance revenue of $1.18 billion - $1.23 billion
  - Guidance: raised
  - Result: guidance update
  source text: Improved 2023 guidance includes Insurance MCR of 87% - 89%, Insurance revenue of $1.18 billion - $1.23 billion, and Adjusted EBITDA of ($125) million - ($175) million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801170/000180117023000037/0001801170-23-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.