---
schema_version: "secwatch.filing_event.v1"
accession: "0001801170-24-000101"
form_type: "8-K"
ticker: "CLOV"
cik: "0001801170"
company_name: "CLOVER HEALTH INVESTMENTS, CORP. /DE"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:38:26.522461+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Clover Health Q1 2024: first Adj. EBITDA profit $6.8M; guides to full-year profitability

## Summary
- Insurance revenue $341.7M (+7.8% YoY); total revenue $346.9M.
- GAAP net loss from continuing ops improved to $23.2M from $79.7M loss in Q1 2023.
- Adjusted EBITDA profit $6.8M versus loss $37.5M a year ago; Insurance MCR improved 870 bps to 77.9%.
- Raised 2024 guidance: Insurance revenue $1.30B-$1.35B; Adj. EBITDA profitability $10M-$30M.
- Board authorized $20M share repurchase over two years.

## SEC filing metadata
- accession: 0001801170-24-000101
- form_type: 8-K
- ticker: CLOV
- cik: 0001801170
- company_name: CLOVER HEALTH INVESTMENTS, CORP. /DE
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801170/000180117024000101/0001801170-24-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801170/000180117024000101/clov-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801170-24-000101
- JSON: https://secwatch.observer/filing/0001801170-24-000101.json
- Plain text: https://secwatch.observer/filing/0001801170-24-000101.txt

## Key facts
- Earnings Releases
  CLOVER HEALTH INVESTMENTS, CORP. /DE reported the first quarter ended March 31, 2024 results: revenue $346.9 million, net income $23.2 million. Guidance raised.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $346.9 million
  - Net income: $23.2 million
  - Guidance: raised
  - Result: reported results
  source text: exceeding its expectations on several key operating metrics and highlighting significant progress on its path to profitability. For the first quarter 2024, total revenue was $346.9 million, with GAAP net loss from continuing operations improving to $23.2 million. Adjusted EBITDA improved to a profit of $6.8 million, as compared to the prior year period loss of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801170/000180117024000101/0001801170-24-000101-index.htm

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