Clover Health sees 2023 insurance revenue above previous guidance range
Jan. 10, 2023 11:23 AM ETClover Health Investments, Corp. (CLOV)By: Jonathan Block, SA News Editor1 Comment
- Clover Health Investments (NASDAQ:CLOV) expects insurance segment revenue in 2023 to be $1.15B-$1.2B, above previous guidance of $1B-$1.1B given in November 2022.
- 2023 non-insurance is projected to be between $750M and $800M.
- In addition, the 2023 insurance medical cost ratio is expected to be 89%-91%.
- Read why Seeking Alpha contributor Bashar Issa just wrote that Clover Health (CLOV) is a hold.