Clover Health Achieves Major Milestone in Medicare Advantage Membership Growth
Wilmington, Delaware, January 14, 2026 — Clover Health Investments, Corp. (Nasdaq: CLOV) has reported a remarkable 53% year-over-year growth in its Medicare Advantage (MA) membership during the recent Annual Enrollment Period (AEP). The company's total membership as of January 1, 2026, now stands at approximately 153,000 members, positioning Clover on the path to potentially achieve its first-ever full year of GAAP Net Income profitability in 2026.
Key Business Highlights for 2026
- Strategic Growth: Clover’s strong growth is noteworthy, particularly against a backdrop of industry challenges, highlighting its presence in core markets where the company offers enhanced services like the Clover Assistant (CA) and Home Care.
- Profitability Expectations: Clover anticipates that it will achieve its first-ever full year GAAP Net Income profitability due to solid cohort economics and improved operational efficiencies.
- Cohort Economics Improvement: The company expects to see meaningful enhancements in its new member cohort alongside robust returning member performance, driven by factors such as a 4.0 Stars rating for its PPO plans in 2026 and favorable CMS updates.
- Stable Benefits & High Retention: With over 95% retention rate during AEP, Clover has managed to maintain consistent plan benefits year-over-year, reinforcing trust among its member base.
- Quality of Care: An impressive 97% of Clover’s membership is enrolled in its flagship PPO plan, recognized as the top plan nationally based on core HEDIS metrics for the second consecutive year.
Management's Perspective on Growth
Jamie Reynoso, CEO of Medicare Advantage at Clover Health, commented, “This year’s AEP performance demonstrates how comprehensive plan benefits, enhanced by the Clover Assistant, and an expanding community presence contribute to our success. Our growth playbook has proven effective, leading us to exceed expectations this enrollment period.”
Andrew Toy, CEO of Clover Health, added, “Entering 2026, we are on a robust financial trajectory. This year is set to showcase the full potential of our business model, combining notable member growth with solid retention and improving cohort performance, which we believe will pave the way for our first GAAP Net Income profitability.”
Future Outlook and Financial Projections
Clover’s outlook for 2026 includes expectations for significant financial improvements driven by operational efficiencies, heightened member engagement, and a strategic focus on member retention. The financial impact from the anticipated 4.0 Stars rating and other favorable regulatory changes are likely to enhance its competitive standing in the MA market.
As Clover Health continues to leverage innovative technologies like the Clover Assistant, its commitment to improving healthcare delivery remains a cornerstone of its strategy. This advancement is likely to contribute further to member satisfaction and retention, solidifying Clover's position within the Medicare Advantage segment.
Forward-Looking Statements
This announcement may contain forward-looking statements about Clover Health’s anticipated performance and profitability in future periods. Investors are cautioned that these projections are subject to numerous uncertainties and risks that may cause actual outcomes to differ materially.