2023 Q1 Form 10-Q Financial Statement
#000180117023000038 Filed on May 09, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
Revenue | $527.8M | $898.8M | $874.4M |
YoY Change | -39.64% | 108.04% | 336.48% |
Cost Of Revenue | $472.5M | $861.7M | |
YoY Change | -45.17% | 301.89% | |
Gross Profit | $55.29M | $12.66M | |
YoY Change | 336.79% | -189.8% | |
Gross Profit Margin | 10.48% | 1.45% | |
Selling, General & Admin | $129.4M | $124.3M | $126.8M |
YoY Change | 2.08% | 8.88% | 21.21% |
% of Gross Profit | 234.1% | 1001.72% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $279.0K | -$841.0K | $826.0K |
YoY Change | -66.22% | -199.17% | 416.25% |
% of Gross Profit | 0.5% | 6.53% | |
Operating Expenses | $600.4M | $1.006B | $961.7M |
YoY Change | -37.57% | 62.56% | 201.08% |
Operating Profit | -$72.61M | -$87.30M | |
YoY Change | -16.83% | -26.69% | |
Interest Expense | $0.00 | -$206.0K | $403.0K |
YoY Change | -100.0% | -50.0% | -65.7% |
% of Operating Profit | |||
Other Income/Expense, Net | -$3.000K | $0.00 | |
YoY Change | -100.0% | ||
Pretax Income | -$72.61M | -$84.05M | -$75.31M |
YoY Change | -3.59% | -55.1% | 55.6% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$72.61M | -$84.05M | -$75.31M |
YoY Change | -3.59% | -55.1% | 55.54% |
Net Earnings / Revenue | -13.76% | -9.35% | -8.61% |
Basic Earnings Per Share | -$0.15 | -$0.16 | |
Diluted Earnings Per Share | -$0.15 | -$0.18 | -$0.16 |
COMMON SHARES | |||
Basic Shares Outstanding | 478.8M shares | 473.0M shares | |
Diluted Shares Outstanding | 478.8M shares | 473.0M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $347.1M | $293.3M | $351.2M |
YoY Change | -1.18% | -8.66% | -13.38% |
Cash & Equivalents | $190.6M | $103.8M | $273.8M |
Short-Term Investments | $156.5M | $189.5M | $77.40M |
Other Short-Term Assets | $2.771M | $4.043M | $17.18M |
YoY Change | -83.87% | -77.57% | -19.19% |
Inventory | |||
Prepaid Expenses | $16.90M | $18.15M | $21.94M |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $1.274B | $625.0M | $2.491B |
YoY Change | -48.85% | -16.95% | 207.79% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.547M | $5.753M | $2.311M |
YoY Change | 96.75% | 151.55% | 14.18% |
Goodwill | $11.75M | ||
YoY Change | 879.08% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $135.9M | $138.1M | $3.177M |
YoY Change | 4176.77% | -91.05% | |
Other Assets | $14.80M | $15.74M | $14.71M |
YoY Change | 0.64% | 50.83% | 70.2% |
Total Long-Term Assets | $179.3M | $183.6M | $188.5M |
YoY Change | -4.85% | -7.38% | 227.83% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.274B | $625.0M | $2.491B |
Total Long-Term Assets | $179.3M | $183.6M | $188.5M |
Total Assets | $1.454B | $808.6M | $2.680B |
YoY Change | -45.76% | -14.95% | 209.12% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $47.45M | $32.45M | $27.45M |
YoY Change | 72.86% | 15.34% | 50.01% |
Accrued Expenses | $32.17M | $25.79M | $14.00M |
YoY Change | 129.76% | 41.65% | -10.82% |
Deferred Revenue | $107.6M | $0.00 | |
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.110B | $440.7M | $2.152B |
YoY Change | -48.4% | 18.26% | 1143.76% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $19.95M |
YoY Change | -100.0% | -100.0% | -17.86% |
Other Long-Term Liabilities | $16.20M | $16.19M | $13.16M |
YoY Change | 23.06% | 14.88% | -83.69% |
Total Long-Term Liabilities | $16.20M | $16.19M | $33.11M |
YoY Change | -51.07% | -52.42% | 36.34% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.110B | $440.7M | $2.152B |
Total Long-Term Liabilities | $16.20M | $16.19M | $33.11M |
Total Liabilities | $1.130B | $460.9M | $2.190B |
YoY Change | -48.38% | 12.0% | 687.78% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$2.019B | -$1.956B | -$1.692B |
YoY Change | 19.33% | 20.96% | 57.05% |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $6.086M | ||
YoY Change | |||
Treasury Stock Shares | 1.894M shares | ||
Shareholders Equity | $323.1M | $347.7M | $489.8M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.454B | $808.6M | $2.680B |
YoY Change | -45.76% | -14.95% | 209.12% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$72.61M | -$84.05M | -$75.31M |
YoY Change | -3.59% | -55.1% | 55.54% |
Depreciation, Depletion And Amortization | $279.0K | -$841.0K | $826.0K |
YoY Change | -66.22% | -199.17% | 416.25% |
Cash From Operating Activities | $79.03M | -$209.4M | -$57.04M |
YoY Change | -238.55% | 161.14% | -38.58% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $251.0K | $3.877M | $158.0K |
YoY Change | 58.86% | -1728.99% | 59.6% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $10.43M | $16.53M | $36.67M |
YoY Change | -71.55% | -115.56% | -114.25% |
Cash From Investing Activities | $10.18M | $12.66M | $36.51M |
YoY Change | -72.12% | -111.88% | -114.18% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $2.982M | $5.939M | |
YoY Change | -49.79% | -563.26% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$2.134M | 56.00K | -$5.608M |
YoY Change | -61.95% | -99.98% | -100.85% |
NET CHANGE | |||
Cash From Operating Activities | $79.03M | -209.4M | -$57.04M |
Cash From Investing Activities | $10.18M | 12.66M | $36.51M |
Cash From Financing Activities | -$2.134M | 56.00K | -$5.608M |
Net Change In Cash | $87.08M | -196.7M | -$26.14M |
YoY Change | -433.16% | -301.28% | -108.37% |
FREE CASH FLOW | |||
Cash From Operating Activities | $79.03M | -$209.4M | -$57.04M |
Capital Expenditures | $251.0K | $3.877M | $158.0K |
Free Cash Flow | $78.78M | -$213.2M | -$57.20M |
YoY Change | -237.73% | 166.76% | -38.47% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001801170 | |
CY2023Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2023Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2023Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2023Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
CLOVER HEALTH INVESTMENTS, CORP. /DE | |
CY2023Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2023Q1 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2023Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-03-31 | |
CY2023Q1 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2023Q1 | dei |
Entity File Number
EntityFileNumber
|
001-39252 | |
CY2023Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
CY2023Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
98-1515192 | |
CY2023Q1 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
3401 Mallory Lane | |
CY2023Q1 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 210 | |
CY2023Q1 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Franklin | |
CY2023Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
TN | |
CY2023Q1 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
37067 | |
CY2023Q1 | dei |
City Area Code
CityAreaCode
|
201 | |
CY2023Q1 | dei |
Local Phone Number
LocalPhoneNumber
|
432-2133 | |
CY2023Q1 | dei |
Security12g Title
Security12gTitle
|
Class A Common Stock, par value $0.0001 per share | |
CY2023Q1 | dei |
Trading Symbol
TradingSymbol
|
CLOV | |
CY2023Q1 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | |
CY2023Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2023Q1 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2023Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2023Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
false | |
CY2023Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2023Q1 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
190562000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
103791000 | usd |
CY2023Q1 | us-gaap |
Other Short Term Investments
OtherShortTermInvestments
|
69478000 | usd |
CY2022Q4 | us-gaap |
Other Short Term Investments
OtherShortTermInvestments
|
41457000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
|
159062000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
|
193300000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
156542000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
189498000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Held To Maturity Fair Value Current
DebtSecuritiesHeldToMaturityFairValueCurrent
|
15000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Held To Maturity Fair Value Current
DebtSecuritiesHeldToMaturityFairValueCurrent
|
15000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
|
15000 | usd |
CY2022Q4 | us-gaap |
Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
|
15000 | usd |
CY2023Q1 | clov |
Accrued Retrospective Premiums Current
AccruedRetrospectivePremiumsCurrent
|
70185000 | usd |
CY2022Q4 | clov |
Accrued Retrospective Premiums Current
AccruedRetrospectivePremiumsCurrent
|
20387000 | usd |
CY2023Q1 | us-gaap |
Other Receivables
OtherReceivables
|
24291000 | usd |
CY2022Q4 | us-gaap |
Other Receivables
OtherReceivables
|
23596000 | usd |
CY2023Q1 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
56943000 | usd |
CY2022Q4 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
70607000 | usd |
CY2023Q1 | clov |
Non Insurance Performance Year Receivable Current
NonInsurancePerformanceYearReceivableCurrent
|
552620000 | usd |
CY2022Q4 | clov |
Non Insurance Performance Year Receivable Current
NonInsurancePerformanceYearReceivableCurrent
|
0 | usd |
CY2023Q1 | clov |
Non Insurance Receivable
NonInsuranceReceivable
|
53625000 | usd |
CY2022Q4 | clov |
Non Insurance Receivable
NonInsuranceReceivable
|
52955000 | usd |
CY2023Q1 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
80329000 | usd |
CY2022Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
100502000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
16898000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
18146000 | usd |
CY2023Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2771000 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4043000 | usd |
CY2023Q1 | us-gaap |
Assets Current
AssetsCurrent
|
1274259000 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
624997000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Amortized Cost Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent
|
139643000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Amortized Cost Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent
|
142940000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
135132000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
137368000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Held To Maturity Fair Value Noncurrent
DebtSecuritiesHeldToMaturityFairValueNoncurrent
|
651000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Held To Maturity Fair Value Noncurrent
DebtSecuritiesHeldToMaturityFairValueNoncurrent
|
636000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Noncurrent
HeldToMaturitySecuritiesNoncurrent
|
741000 | usd |
CY2022Q4 | us-gaap |
Held To Maturity Securities Noncurrent
HeldToMaturitySecuritiesNoncurrent
|
742000 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4547000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5753000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4109000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4025000 | usd |
CY2023Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
20000000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
20000000 | usd |
CY2022Q4 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
70600000 | usd |
CY2023Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
14801000 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
15735000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
1453589000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
808620000 | usd |
CY2023Q1 | us-gaap |
Assumed Liability For Unpaid Claims And Claims Adjustment Expense
AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
|
141258000 | usd |
CY2022Q4 | us-gaap |
Assumed Liability For Unpaid Claims And Claims Adjustment Expense
AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
|
141947000 | usd |
CY2023Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
1331000 | usd |
CY2022Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
1566000 | usd |
CY2023Q1 | clov |
Non Insurance Performance Year Obligation Current
NonInsurancePerformanceYearObligationCurrent
|
613057000 | usd |
CY2022Q4 | clov |
Non Insurance Performance Year Obligation Current
NonInsurancePerformanceYearObligationCurrent
|
73844000 | usd |
CY2023Q1 | clov |
Non Insurance Payable Current
NonInsurancePayableCurrent
|
160942000 | usd |
CY2022Q4 | clov |
Non Insurance Payable Current
NonInsurancePayableCurrent
|
148191000 | usd |
CY2023Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
47452000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
32445000 | usd |
CY2023Q1 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
30306000 | usd |
CY2022Q4 | us-gaap |
Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
|
23962000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
107563000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1862000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1827000 | usd |
CY2023Q1 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
5430000 | usd |
CY2022Q4 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
7239000 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1173000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
486000 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1110374000 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
431507000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
3908000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
4033000 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
16200000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
16193000 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
1130482000 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
451733000 | usd |
CY2023Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
2358622000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
2319157000 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-7031000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-9374000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2019039000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1946433000 | usd |
CY2023Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
5006473 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
2072752 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
9491000 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Common Value
TreasuryStockCommonValue
|
6509000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
323107000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
356887000 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1453589000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
808620000 | usd |
CY2023Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
122000 | usd |
CY2022Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
119000 | usd |
CY2023Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
317086000 | usd |
CY2022Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
278169000 | usd |
CY2023Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
205783000 | usd |
CY2022Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
594898000 | usd |
CY2023Q1 | us-gaap |
Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
|
4906000 | usd |
CY2022Q1 | us-gaap |
Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
|
1312000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
527775000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
874379000 | usd |
CY2023Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
472490000 | usd |
CY2022Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
861722000 | usd |
CY2023Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
70207000 | usd |
CY2022Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
69091000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
59215000 | usd |
CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
57697000 | usd |
CY2023Q1 | clov |
Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
|
-1810000 | usd |
CY2022Q1 | clov |
Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
|
-27476000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
279000 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
826000 | usd |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
600381000 | usd |
CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
961860000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-72606000 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-87481000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
0 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
403000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
0 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
12394000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-72606000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-75490000 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.16 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
478805067 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
478805067 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
473028651 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
473028651 | shares |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
2343000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-5324000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-70263000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-80814000 | usd |
CY2021Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2021Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
540040000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
331000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
40640000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-5324000 | usd |
CY2022Q1 | clov |
Conversion From Class B To Class A Common Stock Amount
ConversionFromClassBToClassACommonStockAmount
|
0 | usd |
CY2022Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
5939000 | usd |
CY2022Q1 | us-gaap |
Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
|
3903000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-75490000 | usd |
CY2022Q1 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2022Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
490355000 | usd |
CY2022Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
356887000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
848000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
38617000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
2343000 | usd |
CY2023Q1 | clov |
Conversion From Class B To Class A Common Stock Amount
ConversionFromClassBToClassACommonStockAmount
|
0 | usd |
CY2023Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
2982000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-72606000 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2023Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
323107000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-72606000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-75490000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
279000 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
826000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
38617000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
40640000 | usd |
CY2023Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
-923000 | usd |
CY2022Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
-17000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
0 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
12394000 | usd |
CY2023Q1 | clov |
Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
|
-1810000 | usd |
CY2022Q1 | clov |
Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
|
-27476000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
-49798000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
-22758000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
695000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-551000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-20481000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
2156000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-1248000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
11934000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-3391000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-876000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-13664000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5863000 | usd |
CY2023Q1 | clov |
Increase Decrease In Non Insurance Receivable
IncreaseDecreaseInNonInsuranceReceivable
|
670000 | usd |
CY2022Q1 | clov |
Increase Decrease In Non Insurance Receivable
IncreaseDecreaseInNonInsuranceReceivable
|
38000 | usd |
CY2023Q1 | clov |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
-84000 | usd |
CY2022Q1 | clov |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
1015000 | usd |
CY2023Q1 | clov |
Increase Decrease In Unpaid Claims
IncreaseDecreaseInUnpaidClaims
|
-924000 | usd |
CY2022Q1 | clov |
Increase Decrease In Unpaid Claims
IncreaseDecreaseInUnpaidClaims
|
25266000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
15007000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-678000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
6344000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-3557000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
107563000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
0 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
694000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-894000 | usd |
CY2023Q1 | clov |
Increase Decrease In Performance Year Obligation
IncreaseDecreaseInPerformanceYearObligation
|
-13407000 | usd |
CY2022Q1 | clov |
Increase Decrease In Performance Year Obligation
IncreaseDecreaseInPerformanceYearObligation
|
-16738000 | usd |
CY2023Q1 | clov |
Increase Decrease In Non Insurance Payable
IncreaseDecreaseInNonInsurancePayable
|
12751000 | usd |
CY2022Q1 | clov |
Increase Decrease In Non Insurance Payable
IncreaseDecreaseInNonInsurancePayable
|
43230000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-90000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-1179000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
79032000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-57042000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
67893000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
113079000 | usd |
CY2023Q1 | clov |
Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
|
15001000 | usd |
CY2022Q1 | clov |
Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
|
0 | usd |
CY2023Q1 | clov |
Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
ProceedsFromMaturityOfShortTermInvestmentsAndDebtSecuritiesAvailableForSaleAndHeldToMaturity
|
63324000 | usd |
CY2022Q1 | clov |
Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
ProceedsFromMaturityOfShortTermInvestmentsAndDebtSecuritiesAvailableForSaleAndHeldToMaturity
|
150000000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
251000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
158000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
0 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
250000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
10181000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
36513000 | usd |
CY2023Q1 | clov |
Proceeds From Issuance Of Common Stock Net Of Early Exercise Liability
ProceedsFromIssuanceOfCommonStockNetOfEarlyExerciseLiability
|
848000 | usd |
CY2022Q1 | clov |
Proceeds From Issuance Of Common Stock Net Of Early Exercise Liability
ProceedsFromIssuanceOfCommonStockNetOfEarlyExerciseLiability
|
331000 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2982000 | usd |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5939000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2134000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-5608000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
87079000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-26137000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
186213000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
299968000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
273292000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
273831000 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
190562000 | usd |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
273831000 | usd |
CY2023Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
82730000 | usd |
CY2022Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
273292000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
273831000 | usd |
CY2023Q1 | clov |
Performance Year Receivable
PerformanceYearReceivable
|
552620000 | usd |
CY2022Q1 | clov |
Performance Year Receivable
PerformanceYearReceivable
|
1743406000 | usd |
CY2023Q1 | clov |
Performance Year Obligation Non Cash Activities
PerformanceYearObligationNonCashActivities
|
552620000 | usd |
CY2022Q1 | clov |
Performance Year Obligation Non Cash Activities
PerformanceYearObligationNonCashActivities
|
1743406000 | usd |
CY2023Q1 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
0 | usd |
CY2022Q1 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
648000 | usd |
CY2023Q1 | us-gaap |
Transfer To Investments
TransferToInvestments
|
0 | usd |
CY2022Q1 | us-gaap |
Transfer To Investments
TransferToInvestments
|
8644000 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
|
0 | usd |
CY2022Q1 | us-gaap |
Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
|
3903000 | usd |
CY2023Q1 | clov |
Conversion Of Convertible Note To Preferred Stock
ConversionOfConvertibleNoteToPreferredStock
|
0 | usd |
CY2022Q1 | clov |
Conversion Of Convertible Note To Preferred Stock
ConversionOfConvertibleNoteToPreferredStock
|
250000 | usd |
CY2023Q1 | clov |
Direct Contracting Shared Savings And Losses Percent
DirectContractingSharedSavingsAndLossesPercent
|
1.000 | |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-75490000 | usd |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that impact the amounts reported in the condensed consolidated financial statements and the accompanying notes.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The area involving the most significant use of estimates is the amount of incurred but not reported claims. Many factors can cause actual outcomes to deviate from these assumptions and estimates, such as changes in economic conditions, changes in government healthcare policy, advances in medical technology, changes in treatment patterns, and changes in average lifespan. Accordingly, the Company cannot determine with precision the ultimate amounts that it will pay for, or the timing of payment of actual claims, or whether the assets supporting the liabilities will grow to the level the Company assumes prior to payment of claims. If the Company's </span></div>actual experience is different from its assumptions or estimates, the Company's reserves may prove inadequate. As a result, the Company would incur a charge to operations in the period in which it determines such a shortfall exists, which could have a material adverse effect on the Company's business, results of operations, and financial condition. Other areas involving significant estimates include risk adjustment provisions related to Medicare contracts and the valuation of the Company's investment securities, goodwill and other intangible assets, reinsurance, premium deficiency reserve, warrants, embedded derivative related to convertible securities, stock-based compensation, recoveries from third parties for coordination of benefits, ACO REACH Benchmark, specifically cost trend and risk score estimates that can develop over time, and final determination of medical cost adjustment pools. | |
CY2023Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts in the prior years' Consolidated Balance Sheets and Consolidated Statements of Cash Flows have been reclassified to conform to the current year's presentation, primarily related to Non-Insurance receivable, Other assets, current, and Performance year obligation. In addition amounts in the prior years' Consolidated Statements of Cash Flows have been reclassified to confirm with the current year's presentation related to cash used by Performance year obligation.</span></div> | |
CY2022Q1 | clov |
Decrease In Accumulated Deficit
DecreaseInAccumulatedDeficit
|
700000 | usd |
CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1616000000 | usd |
CY2022Q1 | clov |
Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
|
-27476000 | usd |
CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
961860000 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-87481000 | usd |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.16 | |
CY2022Q4 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
7239000 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
431507000 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
451733000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1946433000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
356887000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
808620000 | usd |
CY2021Q4 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
109905000 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
371901000 | usd |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
410764000 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1616015000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
540040000 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
950804000 | usd |
CY2023Q1 | clov |
Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
|
-1810000 | usd |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
600381000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-72606000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-72606000 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
CY2023Q1 | us-gaap |
Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
|
5430000 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1110374000 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
1130482000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2019039000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
323107000 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1453589000 | usd |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2023Q1 | clov |
Deferred Policy Acquisition Costs Amortization Expense Premium Deficiency Reserve
DeferredPolicyAcquisitionCostsAmortizationExpensePremiumDeficiencyReserve
|
0 | usd |
CY2022 | clov |
Deferred Policy Acquisition Costs Amortization Expense Premium Deficiency Reserve
DeferredPolicyAcquisitionCostsAmortizationExpensePremiumDeficiencyReserve
|
0 | usd |
CY2023Q1 | us-gaap |
Investments
Investments
|
299461000 | usd |
CY2023Q1 | clov |
Available For Sale Securities And Held To Maturity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
155000 | usd |
CY2023Q1 | clov |
Available For Sale Securities And Held To Maturity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
7276000 | usd |
CY2023Q1 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
56900000 | usd |
CY2023Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
292340000 | usd |
CY2022Q4 | us-gaap |
Investments
Investments
|
336997000 | usd |
CY2022Q4 | clov |
Available For Sale Securities And Held To Maturity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
48000 | usd |
CY2022Q4 | clov |
Available For Sale Securities And Held To Maturity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
9528000 | usd |
CY2022Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
327517000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
|
15000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
|
15000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
159062000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
156542000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
|
631000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
553000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
139643000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
135132000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
|
0 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
0 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
0 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
0 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
|
110000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
|
98000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
|
0 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
0 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
756000 | usd |
CY2023Q1 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
666000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
|
298705000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
|
291674000 | usd |
CY2023Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
3935000 | usd |
CY2022Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
310000 | usd |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Year One Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionYearOneFairValue
|
84389000 | usd |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Year One Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionYearOneAccumulatedLoss
|
575000 | usd |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerFairValue
|
155066000 | usd |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
6701000 | usd |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionFairValue
|
239455000 | usd |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionAccumulatedLoss
|
7276000 | usd |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions Year One
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositionsYearOne
|
79 | position |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions12 Months Or Longer
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositions12MonthsOrLonger
|
25 | position |
CY2023Q1 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositions
|
104 | position |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Year One Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionYearOneFairValue
|
142553000 | usd |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Year One Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionYearOneAccumulatedLoss
|
1380000 | usd |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerFairValue
|
147757000 | usd |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
8148000 | usd |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionFairValue
|
290310000 | usd |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionAccumulatedLoss
|
9528000 | usd |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions Year One
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositionsYearOne
|
92 | position |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions12 Months Or Longer
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositions12MonthsOrLonger
|
24 | position |
CY2022Q4 | clov |
Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositions
|
116 | position |
CY2022Q4 | us-gaap |
Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
|
0 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
0 | usd |
CY2023Q1 | us-gaap |
Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
|
0 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
0 | usd |
CY2023Q1 | clov |
Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
|
15001000 | usd |
CY2022Q1 | clov |
Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
|
0 | usd |
CY2023Q1 | clov |
Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
ProceedsFromMaturityOfShortTermInvestmentsAndDebtSecuritiesAvailableForSaleAndHeldToMaturity
|
63324000 | usd |
CY2022Q1 | clov |
Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
ProceedsFromMaturityOfShortTermInvestmentsAndDebtSecuritiesAvailableForSaleAndHeldToMaturity
|
150000000 | usd |
CY2023Q1 | clov |
Short Term Investments And Available For Sale Securities Gross Realized Gains
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedGains
|
0 | usd |
CY2022Q1 | clov |
Short Term Investments And Available For Sale Securities Gross Realized Gains
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedGains
|
0 | usd |
CY2023Q1 | clov |
Short Term Investments And Available For Sale Securities Gross Realized Losses
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedLosses
|
0 | usd |
CY2022Q1 | clov |
Short Term Investments And Available For Sale Securities Gross Realized Losses
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedLosses
|
0 | usd |
CY2023Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
0 | usd |
CY2022Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
0 | usd |
CY2023Q1 | us-gaap |
Deposits
Deposits
|
14400000 | usd |
CY2022Q4 | us-gaap |
Deposits
Deposits
|
14300000 | usd |
CY2023Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
292574000 | usd |
CY2022Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
327766000 | usd |
CY2023Q1 | us-gaap |
Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Activity within the liability for Unpaid claims, including claims adjustment expenses, for the three months ended March 31, 2023 and 2022, respectively, is summarized as follows:</span></div><div style="margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:73.622%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.983%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.985%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(in thousands)</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross and net balance, beginning of period</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137,395 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:0.25pt solid #ffffff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">136,137 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Incurred related to:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">272,258 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">272,151 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">804 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,056)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total incurred</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">273,062 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:0.25pt solid #ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">265,095 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Paid related to:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">167,360 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">164,034 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,581 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,180 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total paid</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">271,941 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:0.25pt solid #ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">248,214 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross and net balance, end of period </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,516 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt double #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">153,018 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Includes amounts due to related parties. </span></div><div style="margin-top:3pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2) </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Differs from the total Unpaid claims amount reported on the Consolidated Balance Sheets due to the fact the figure here excludes unpaid claims for the Company's Non-Insurance operations of $4.1 million and $13.2 million at March 31, 2023 and 2022, respectively.</span></div> | |
CY2022Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
137395000 | usd |
CY2021Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
136137000 | usd |
CY2023Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
272258000 | usd |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
272151000 | usd |
CY2023Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
804000 | usd |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
-7056000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
273062000 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
265095000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
|
167360000 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
|
164034000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
104581000 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
84180000 | usd |
CY2023Q1 | us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
271941000 | usd |
CY2022Q1 | us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
248214000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
138516000 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
153018000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
104600000 | usd |
CY2023Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
800000 | usd |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
-7100000 | usd |
CY2023Q1 | clov |
Ratio Of Current Year Medical Claims Paid As A Percent Of Current Year Net Medical Claims
RatioOfCurrentYearMedicalClaimsPaidAsAPercentOfCurrentYearNetMedicalClaims
|
0.615 | |
CY2022Q1 | clov |
Ratio Of Current Year Medical Claims Paid As A Percent Of Current Year Net Medical Claims
RatioOfCurrentYearMedicalClaimsPaidAsAPercentOfCurrentYearNetMedicalClaims
|
0.603 | |
CY2023Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
5006473 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
2072752 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
25000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q1 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
|
1.000 | |
CY2023Q1 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.040 | |
CY2023Q1 | us-gaap |
Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
|
0.040 | |
CY2023Q1 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
500000 | usd |
CY2022Q1 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
300000 | usd |
CY2023Q1 | us-gaap |
Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
|
1.000 | |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
38617000 | usd |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
40640000 | usd |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
507500000 | usd |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P4Y | |
CY2023Q1 | clov |
Share Based Compensation Arrangement By Share Based Payment Award Expense More Than Stock Based Compensation Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpenseMoreThanStockBasedCompensationPlans
|
0.40 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
0 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
0 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
507500000 | usd |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
22138777 | shares |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
100000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
2.88 | |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y11M15D | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
0 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
39800000 | usd |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | usd |
CY2023Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2022Q4 | us-gaap |
Income Tax Examination Penalties Accrued
IncomeTaxExaminationPenaltiesAccrued
|
0 | usd |
CY2023Q1 | us-gaap |
Income Tax Examination Penalties Accrued
IncomeTaxExaminationPenaltiesAccrued
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-72606000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-75490000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-72606000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-75490000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
478805067 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
478805067 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
473028651 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
473028651 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.16 | |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
113522643 | shares |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
91462527 | shares |
CY2023Q1 | us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
0 | usd |
CY2022 | us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
0 | usd |
CY2023Q1 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
2500000 | usd |
CY2022Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
500000 | usd |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2023Q1 | clov |
Non Insurance Performance Year Receivable Current
NonInsurancePerformanceYearReceivableCurrent
|
552620000 | usd |
CY2022Q4 | clov |
Non Insurance Performance Year Receivable Current
NonInsurancePerformanceYearReceivableCurrent
|
0 | usd |
CY2023Q1 | clov |
Non Insurance Performance Year Obligation Current
NonInsurancePerformanceYearObligationCurrent
|
613057000 | usd |
CY2022Q4 | clov |
Non Insurance Performance Year Obligation Current
NonInsurancePerformanceYearObligationCurrent
|
73844000 | usd |
CY2023Q1 | clov |
Non Insurance Performance Year Receivable Amortization
NonInsurancePerformanceYearReceivableAmortization
|
184207000 | usd |
CY2022Q1 | clov |
Non Insurance Performance Year Receivable Amortization
NonInsurancePerformanceYearReceivableAmortization
|
586715000 | usd |
CY2023Q1 | clov |
Non Insurance Performance Year Obligation Amortization
NonInsurancePerformanceYearObligationAmortization
|
184207000 | usd |
CY2022Q1 | clov |
Non Insurance Performance Year Obligation Amortization
NonInsurancePerformanceYearObligationAmortization
|
586715000 | usd |
CY2023Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
205783000 | usd |
CY2022Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
594898000 | usd |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2023Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
122000 | usd |
CY2023Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
317086000 | usd |
CY2023Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
205783000 | usd |
CY2023Q1 | us-gaap |
Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
|
4906000 | usd |
CY2023Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
472490000 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
55285000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
1453589000 | usd |
CY2022Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
119000 | usd |
CY2022Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
278169000 | usd |
CY2022Q1 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
594898000 | usd |
CY2022Q1 | us-gaap |
Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
|
1312000 | usd |
CY2022Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
861722000 | usd |
CY2022Q1 | us-gaap |
Gross Profit
GrossProfit
|
12657000 | usd |
CY2022Q1 | us-gaap |
Assets
Assets
|
2679894000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
0 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
55285000 | usd |
CY2022Q1 | us-gaap |
Gross Profit
GrossProfit
|
12657000 | usd |
CY2023Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
70207000 | usd |
CY2022Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
69091000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
59215000 | usd |
CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
57697000 | usd |
CY2023Q1 | clov |
Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
|
-1810000 | usd |
CY2022Q1 | clov |
Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
|
-27476000 | usd |
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
279000 | usd |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
826000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
0 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
403000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
12394000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-72606000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-75490000 | usd |
CY2023Q1 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
2500000 | usd |
CY2022Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
500000 | usd |