Clover Health's 2026 MA Star Ratings: PPO 3.5 Stars, HMO 4.0 Stars; Company confident in offsetting impact

CLOVER HEALTH INVESTMENTS, CORP. /DE

CMS awarded Clover's PPO plans 3.5 Stars and HMO plan 4.0 Stars for 2026 ratings, affecting payment year 2027.
CEO Andrew Toy states the Star rating does not dominate results due to Clover Assistant's AI-driven care improvements and platform momentum.
H1 2025 results: revenue up 34% YoY, membership up 32% YoY, sustained Adjusted EBITDA profitability.
Clover's PPO plans achieved HEDIS clinical quality score of 4.72, attributed to Clover Assistant platform.
Company actively engaging with CMS, believes Star methodology overweighs non-outcomes measures.

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