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BUZZ-Clover Health jumps as insurer expects first annual profit in 2026
CLOVER HEALTH INVESTMENTS CORP CLOV | 2.09 2.10 | +2.45% +0.48% Pre |
** Shares of U.S. health insurer Clover Health CLOV.O rise 6.3% to $2.70 premarket
** Co says it expects to report its first-ever annual profit this year, after reporting a 53% jump in membership for its Medicare Advantage plans
** Membership for PPO plans up 53% to about 153,000, mostly in core markets - CLOV
** More than 97% of members enrolled in flagship PPO plan ranked top on quality measures, per co
** PPO plans let members see any doctor without referral
** Retention above 95% during latest enrollment period; expects higher government payments in 2026, co says
** Tech platform Clover Assistant and home care services credited for growth – CLOV
** As of last close, stock down ~25% over the past year
(Reporting by Sahil Pandey in Bengaluru)
((Sahil.Pandey@thomsonreuters.com))


