2023 Q4 Form 10-K Financial Statement

#000180117024000064 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $510.3M $2.034B $3.477B
YoY Change -43.23% -41.5% 136.19%
Cost Of Revenue $1.776B $3.454B
YoY Change -48.57% 122.67%
Gross Profit $257.3M $22.74M
YoY Change 1031.88% -128.71%
Gross Profit Margin 12.65% 0.65%
Selling, General & Admin $109.9M $444.7M $486.6M
YoY Change -11.6% -8.61% 9.17%
% of Gross Profit 172.82% 2140.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $674.0K $400.0K $400.0K
YoY Change -180.14% 0.0% 33.33%
% of Gross Profit 0.16% 1.76%
Operating Expenses $557.9M $2.242B $3.848B
YoY Change -44.54% -41.72% 82.44%
Operating Profit -$208.5M -$370.9M
YoY Change -43.78% -41.77%
Interest Expense -$4.812M $7.000K $1.333M
YoY Change 2235.92% -99.47% -58.72%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 -$30.00K
YoY Change -100.0% -100.0% -99.78%
Pretax Income -$70.47M -$213.4M -$338.8M
YoY Change -16.15% -37.03% -42.35%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$70.47M -$213.4M -$338.8M
YoY Change -16.15% -37.03% -42.35%
Net Earnings / Revenue -13.81% -10.49% -9.75%
Basic Earnings Per Share -$0.44 -$0.71
Diluted Earnings Per Share -$0.15 -$0.44 -$0.71
COMMON SHARES
Basic Shares Outstanding 482.2M shares 476.2M shares
Diluted Shares Outstanding 482.2M shares 476.2M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $223.6M $298.3M $435.3M
YoY Change -23.77% -31.46% -30.68%
Cash & Equivalents $122.9M $122.9M $103.8M
Short-Term Investments $100.7M $175.5M $331.5M
Other Short-Term Assets $1.404M $37.90M $42.58M
YoY Change -65.27% -10.99% -31.72%
Inventory
Prepaid Expenses $14.42M
Receivables
Other Receivables
Total Short-Term Assets $428.0M $428.0M $625.0M
YoY Change -31.52% -31.52% -16.95%
LONG-TERM ASSETS
Property, Plant & Equipment $5.082M $8.464M $9.778M
YoY Change -11.66% -13.44% 27.75%
Goodwill $0.00
YoY Change -100.0%
Intangibles
YoY Change
Long-Term Investments $121.0M $121.0M $138.1M
YoY Change -12.39% -12.39% -21.5%
Other Assets $10.25M $10.25M $15.74M
YoY Change -34.88% -34.88% 50.83%
Total Long-Term Assets $142.7M $142.7M $183.6M
YoY Change -22.29% -22.29% -7.38%
TOTAL ASSETS
Total Short-Term Assets $428.0M $428.0M $625.0M
Total Long-Term Assets $142.7M $142.7M $183.6M
Total Assets $570.7M $570.7M $808.6M
YoY Change -29.43% -29.43% -14.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.18M $37.18M $32.45M
YoY Change 14.61% 14.61% 15.34%
Accrued Expenses $22.73M $22.73M $25.79M
YoY Change -11.88% -11.88% 41.65%
Deferred Revenue $3.099M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $261.1M $261.1M $440.7M
YoY Change -40.74% -40.74% 18.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $20.16M $23.16M $20.23M
YoY Change 24.52% 14.52% 6.87%
Total Long-Term Liabilities $20.16M $23.16M $20.23M
YoY Change 24.52% 14.52% -47.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $261.1M $261.1M $440.7M
Total Long-Term Liabilities $20.16M $23.16M $20.23M
Total Liabilities $284.3M $284.3M $460.9M
YoY Change -38.32% -38.32% 10.95%
SHAREHOLDERS EQUITY
Retained Earnings -$2.160B
YoY Change 10.44%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $286.4M $286.4M $347.7M
YoY Change
Total Liabilities & Shareholders Equity $570.7M $570.7M $808.6M
YoY Change -29.43% -29.43% -14.95%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$70.47M -$213.4M -$338.8M
YoY Change -16.15% -37.03% -42.35%
Depreciation, Depletion And Amortization $674.0K $400.0K $400.0K
YoY Change -180.14% 0.0% 33.33%
Cash From Operating Activities -$229.3M -$115.9M -$203.9M
YoY Change 9.52% -43.18% -27.77%
INVESTING ACTIVITIES
Capital Expenditures -$264.0K $584.0K $4.467M
YoY Change -106.81% -86.93% 517.84%
Acquisitions $0.00 $16.20M
YoY Change -100.0%
Other Investing Activities $83.40M $140.6M $99.60M
YoY Change 404.43% 41.16% -122.91%
Cash From Investing Activities $83.66M $140.0M $95.13M
YoY Change 561.05% 47.18% -121.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.220M $6.362M
YoY Change -2.23% -102.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.62M -$33.86M -$4.962M
YoY Change -52987.5% 582.41% -100.54%
NET CHANGE
Cash From Operating Activities -229.3M -$115.9M -$203.9M
Cash From Investing Activities 83.66M $140.0M $95.13M
Cash From Financing Activities -29.62M -$33.86M -$4.962M
Net Change In Cash -175.3M -$9.719M -$113.8M
YoY Change -10.88% -91.46% -154.79%
FREE CASH FLOW
Cash From Operating Activities -$229.3M -$115.9M -$203.9M
Capital Expenditures -$264.0K $584.0K $4.467M
Free Cash Flow -$229.0M -$116.5M -$208.4M
YoY Change 7.4% -44.12% -26.38%

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CY2022 us-gaap Revenue Not From Contract With Customer Other
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CY2021 us-gaap Revenue Not From Contract With Customer Other
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CY2021 us-gaap Goodwill And Intangible Asset Impairment
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CY2021 us-gaap Other General Expense
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CY2022 us-gaap Fair Value Adjustment Of Warrants
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CY2021 us-gaap Fair Value Adjustment Of Warrants
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2021 clov Temporary Equity Shares Conversion Of Convertible Securities
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CY2021 clov Temporary Equity Value Conversion Of Convertible Securities
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CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
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CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2021 clov Stock Issued During Period Value Business Combination And Offering
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CY2021 clov Conversion From Class A To Class B Common Stock
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CY2021 clov Capital Contribution For Extinguishment Of Debt
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CY2021 clov Acquisition Of Public And Private Placement Warrants
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CY2021 us-gaap Stock Issued During Period Value New Issues
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022 clov Conversion From Class B To Class A Common Stock Amount
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CY2022 clov Adjustments To Additional Paid In Capital And Accumulated Deficit From Seek Dissolution
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CY2022 us-gaap Noncontrolling Interest Decrease From Deconsolidation
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2023 clov Conversion From Class B To Class A Common Stock Amount
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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CY2023 us-gaap Depreciation And Amortization
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CY2022 us-gaap Depreciation And Amortization
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CY2021 us-gaap Depreciation And Amortization
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CY2023 us-gaap Amortization Of Financing Costs And Discounts
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CY2022 us-gaap Amortization Of Financing Costs And Discounts
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CY2021 us-gaap Amortization Of Financing Costs And Discounts
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CY2023 us-gaap Share Based Compensation
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CY2021 clov Increase Decrease In Fair Value Adjustment Of Warrants
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CY2021 us-gaap Depreciation Amortization And Accretion Net
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CY2021 clov Realized Investment Losses Gains
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CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Gain Loss On Investments
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CY2021 us-gaap Gain Loss On Investments
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CY2023 us-gaap Goodwill And Intangible Asset Impairment
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CY2022 us-gaap Goodwill And Intangible Asset Impairment
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CY2021 us-gaap Goodwill And Intangible Asset Impairment
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CY2023 clov Premium Deficiency Testing Benefit Long Duration Contract Amount
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CY2022 clov Premium Deficiency Testing Benefit Long Duration Contract Amount
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CY2021 clov Premium Deficiency Testing Benefit Long Duration Contract Amount
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CY2022 us-gaap Increase Decrease In Unearned Premiums
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CY2021 us-gaap Increase Decrease In Unearned Premiums
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CY2023 us-gaap Increase Decrease In Other Receivables
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CY2022 us-gaap Increase Decrease In Other Receivables
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8988000 usd
CY2021 us-gaap Increase Decrease In Other Receivables
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2914000 usd
CY2023 us-gaap Increase Decrease In Reinsurance Recoverable
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0 usd
CY2022 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
0 usd
CY2021 us-gaap Increase Decrease In Reinsurance Recoverable
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96000 usd
CY2023 us-gaap Increase Decrease In Deposit Other Assets
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CY2022 us-gaap Increase Decrease In Deposit Other Assets
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89846000 usd
CY2021 us-gaap Increase Decrease In Deposit Other Assets
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10656000 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
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CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3415000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
6863000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
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CY2022 us-gaap Increase Decrease In Other Operating Assets
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1204000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
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4296000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
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-6443000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
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22565000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
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9297000 usd
CY2023 clov Increase Decrease In Non Insurance Receivable
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CY2022 clov Increase Decrease In Non Insurance Receivable
IncreaseDecreaseInNonInsuranceReceivable
40785000 usd
CY2021 clov Increase Decrease In Non Insurance Receivable
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12170000 usd
CY2023 clov Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
643000 usd
CY2022 clov Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
1984000 usd
CY2021 clov Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
3591000 usd
CY2023 clov Increase Decrease In Unpaid Claims
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CY2022 clov Increase Decrease In Unpaid Claims
IncreaseDecreaseInUnpaidClaims
2589000 usd
CY2021 clov Increase Decrease In Unpaid Claims
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36948000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4739000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7635000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5307000 usd
CY2023 us-gaap Increase Decrease In Accrued Salaries
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-2901000 usd
CY2022 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
8784000 usd
CY2021 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
11169000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3099000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 usd
CY2023 us-gaap Increase Decrease In Deferred Charges
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0 usd
CY2022 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
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CY2021 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
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CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
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4502000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
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2468000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
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979000 usd
CY2023 clov Increase Decrease In Performance Year Obligation
IncreaseDecreaseInPerformanceYearObligation
-58276000 usd
CY2022 clov Increase Decrease In Performance Year Obligation
IncreaseDecreaseInPerformanceYearObligation
36953000 usd
CY2021 clov Increase Decrease In Performance Year Obligation
IncreaseDecreaseInPerformanceYearObligation
36891000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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77460000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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925393000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023 clov Increase Decrease In Non Insurance Payable
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CY2022 clov Increase Decrease In Non Insurance Payable
IncreaseDecreaseInNonInsurancePayable
110418000 usd
CY2021 clov Increase Decrease In Non Insurance Payable
IncreaseDecreaseInNonInsurancePayable
37773000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Payments To Acquire Investments
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175567000 usd
CY2022 us-gaap Payments To Acquire Investments
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CY2021 us-gaap Payments To Acquire Investments
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CY2023 clov Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
60436000 usd
CY2022 clov Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
13348000 usd
CY2021 clov Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
126862000 usd
CY2023 clov Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
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255728000 usd
CY2022 clov Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
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472098000 usd
CY2021 clov Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
ProceedsFromMaturityOfShortTermInvestmentsAndDebtSecuritiesAvailableForSaleAndHeldToMaturity
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CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
16200000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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584000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4467000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
723000 usd
CY2023 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2022 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
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CY2021 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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140013000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
95133000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Repayments Of Notes Payable
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CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2021 us-gaap Repayments Of Notes Payable
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CY2023 clov Payments Proceeds Of Restricted Cash Related To Bonds Deposits And Escrow Accounts
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CY2022 clov Payments Proceeds Of Restricted Cash Related To Bonds Deposits And Escrow Accounts
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CY2021 clov Payments Proceeds Of Restricted Cash Related To Bonds Deposits And Escrow Accounts
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0 usd
CY2023 clov Proceeds From Issuance Of Common Stock Net Of Early Exercise Liability
ProceedsFromIssuanceOfCommonStockNetOfEarlyExerciseLiability
1150000 usd
CY2022 clov Proceeds From Issuance Of Common Stock Net Of Early Exercise Liability
ProceedsFromIssuanceOfCommonStockNetOfEarlyExerciseLiability
1400000 usd
CY2021 clov Proceeds From Issuance Of Common Stock Net Of Early Exercise Liability
ProceedsFromIssuanceOfCommonStockNetOfEarlyExerciseLiability
6144000 usd
CY2023 clov Proceeds From Reverse Capitalization Net Of Transaction Costs
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CY2022 clov Proceeds From Reverse Capitalization Net Of Transaction Costs
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CY2021 clov Proceeds From Reverse Capitalization Net Of Transaction Costs
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666241000 usd
CY2023 us-gaap Proceeds From Warrant Exercises
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0 usd
CY2022 us-gaap Proceeds From Warrant Exercises
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CY2021 us-gaap Proceeds From Warrant Exercises
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390000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2023 us-gaap Payments For Repurchase Of Warrants
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CY2022 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
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CY2021 us-gaap Payments For Repurchase Of Warrants
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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6220000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
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6362000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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207620000 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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92348000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176494000 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
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299968000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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122863000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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103791000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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299968000 usd
CY2023Q4 us-gaap Restricted Cash Current
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53631000 usd
CY2022Q4 us-gaap Restricted Cash Current
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82422000 usd
CY2021Q4 us-gaap Restricted Cash Current
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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176494000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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186213000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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299968000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022 us-gaap Interest Paid Net
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0 usd
CY2021 us-gaap Interest Paid Net
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1677000 usd
CY2023 us-gaap Conversion Of Stock Amount Converted1
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CY2022 us-gaap Conversion Of Stock Amount Converted1
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CY2021 us-gaap Conversion Of Stock Amount Converted1
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CY2023 us-gaap Debt Conversion Converted Instrument Amount1
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CY2022 us-gaap Debt Conversion Converted Instrument Amount1
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0 usd
CY2021 us-gaap Debt Conversion Converted Instrument Amount1
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CY2023 us-gaap Extinguishment Of Debt Amount
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0 usd
CY2022 us-gaap Extinguishment Of Debt Amount
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0 usd
CY2021 us-gaap Extinguishment Of Debt Amount
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126795000 usd
CY2023 clov Activities From Seek Dissolution
ActivitiesFromSeekDissolution
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CY2022 clov Activities From Seek Dissolution
ActivitiesFromSeekDissolution
735000 usd
CY2021 clov Activities From Seek Dissolution
ActivitiesFromSeekDissolution
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CY2023 clov Issuance Of Common Stock Related To Warrants Exercised
IssuanceOfCommonStockRelatedToWarrantsExercised
0 usd
CY2022 clov Issuance Of Common Stock Related To Warrants Exercised
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CY2021 clov Issuance Of Common Stock Related To Warrants Exercised
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CY2023 clov Acquisition Of Public And Private Warrants
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0 usd
CY2022 clov Acquisition Of Public And Private Warrants
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CY2021 clov Acquisition Of Public And Private Warrants
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CY2023 us-gaap Stock Issued1
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CY2022 us-gaap Stock Issued1
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CY2021 us-gaap Stock Issued1
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CY2023 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 usd
CY2022 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
642000 usd
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1076000 usd
CY2023 us-gaap Transfer To Investments
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0 usd
CY2022 us-gaap Transfer To Investments
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8644000 usd
CY2021 us-gaap Transfer To Investments
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CY2023 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 usd
CY2022 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
3903000 usd
CY2021 us-gaap Noncontrolling Interest Decrease From Deconsolidation
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0 usd
CY2023 clov Conversion Of Convertible Note To Preferred Stock
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0 usd
CY2022 clov Conversion Of Convertible Note To Preferred Stock
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250000 usd
CY2021 clov Conversion Of Convertible Note To Preferred Stock
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0 usd
CY2023Q4 clov Direct Contracting Shared Savings And Losses Percent
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1.000
CY2023 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 consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that impact the amounts reported in the 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 areas involving the most significant use of estimates are the amounts 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 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, Direct Contracting benchmark, specifically cost trend and risk score estimates that can develop over time, and final determination of medical cost adjustment pools.</span></div>
CY2023 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="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%">Certain amounts in the prior years' audited Consolidated Statements of Cash Flows have been reclassified to conform to the current year's presentation, primarily related to Surety bonds and deposits and Change in restricted cash related to Surety Bonds, Deposits, and Escrow accounts. These reclassifications had no material effect on the previously reported Consolidated Financial Statements.</span></div>
CY2022Q1 clov Decrease In Accumulated Deficit
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700000 usd
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1616000000 usd
CY2022Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
7239000 usd
CY2022Q4 us-gaap Liabilities Current
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431507000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
451733000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
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CY2021Q4 us-gaap Liability For Future Policy Benefits
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109905000 usd
CY2021Q4 us-gaap Liabilities Current
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371901000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
410764000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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540040000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
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CY2023 clov Premium Deficiency Testing Benefit Long Duration Contract Amount
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CY2023 us-gaap Operating Expenses
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CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
CY2022 clov Premium Deficiency Testing Benefit Long Duration Contract Amount
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CY2022 us-gaap Operating Expenses
OperatingExpenses
3848334000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-371647000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-339567000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
CY2023 us-gaap Number Of Reportable Segments
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2 segment
CY2022Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
0 usd
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
0 usd
CY2023Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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%">Concentrations of credit risk</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%">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of Cash and cash equivalents. Cash and cash equivalents are held with financial institutions of high quality. Balances may exceed the amount of insurance provided on such balances.</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 ceding of insurance does not legally discharge the Company from its primary liability for the full amount of the policy coverage, and therefore the Company will be required to pay the loss and bear collection risk if the reinsurer fails to meet its obligations under the reinsurance agreement. To minimize exposure to significant losses from reinsurance insolvencies, the Company evaluates the financial condition of its reinsurers and monitors concentrations of credit risk with its reinsurers.</span></div>
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingunit
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11700000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4200000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q4 us-gaap Reinsurance Recoverables Allowance
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0 usd
CY2023Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
0 usd
CY2023Q4 us-gaap Investments
Investments
230975000 usd
CY2023Q4 clov Available For Sale Securities And Held To Maturity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
878000 usd
CY2023Q4 clov Available For Sale Securities And Held To Maturity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAndHeldToMaturitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3473000 usd
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
228380000 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
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9528000 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
327517000 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
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6902000 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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6778000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
101412000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
100702000 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
682000 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
599000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
121868000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
120208000 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
0 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
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0 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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0 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
111000 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
93000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
0 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
0 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
7695000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
7470000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
223280000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
220910000 usd
CY2023 us-gaap Net Investment Income
NetInvestmentIncome
18374000 usd
CY2022 us-gaap Net Investment Income
NetInvestmentIncome
7543000 usd
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
544000 usd
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Year One Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionYearOneFairValue
73591000 usd
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position Year One Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPositionYearOneAccumulatedLoss
207000 usd
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerFairValue
66645000 usd
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3266000 usd
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionFairValue
140236000 usd
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionAccumulatedLoss
3473000 usd
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions Year One
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositionsYearOne
69 position
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions12 Months Or Longer
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositions12MonthsOrLonger
27 position
CY2023Q4 clov Debt Securities Available For Sale And Held To Maturity Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleAndHeldToMaturityUnrealizedLossPositionNumberOfPositions
96 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
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
CY2023 clov Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
60436000 usd
CY2022 clov Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
13348000 usd
CY2021 clov Proceeds From Sale Of Short Term Investments And Available For Sale Securities
ProceedsFromSaleOfShortTermInvestmentsAndAvailableForSaleSecurities
126862000 usd
CY2023 clov Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
ProceedsFromMaturityOfShortTermInvestmentsAndDebtSecuritiesAvailableForSaleAndHeldToMaturity
255728000 usd
CY2022 clov Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
ProceedsFromMaturityOfShortTermInvestmentsAndDebtSecuritiesAvailableForSaleAndHeldToMaturity
472098000 usd
CY2021 clov Proceeds From Maturity Of Short Term Investments And Debt Securities Available For Sale And Held To Maturity
ProceedsFromMaturityOfShortTermInvestmentsAndDebtSecuritiesAvailableForSaleAndHeldToMaturity
314666000 usd
CY2023 clov Short Term Investments And Available For Sale Securities Gross Realized Gains
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedGains
39000 usd
CY2022 clov Short Term Investments And Available For Sale Securities Gross Realized Gains
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedGains
7000 usd
CY2021 clov Short Term Investments And Available For Sale Securities Gross Realized Gains
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedGains
24000 usd
CY2023 clov Short Term Investments And Available For Sale Securities Gross Realized Losses
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedLosses
19000 usd
CY2022 clov Short Term Investments And Available For Sale Securities Gross Realized Losses
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedLosses
274000 usd
CY2021 clov Short Term Investments And Available For Sale Securities Gross Realized Losses
ShortTermInvestmentsAndAvailableForSaleSecuritiesGrossRealizedLosses
77000 usd
CY2023 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
20000 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-267000 usd
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-53000 usd
CY2023Q4 us-gaap Deposits
Deposits
14700000 usd
CY2022Q4 us-gaap Deposits
Deposits
14300000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
221724000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
327766000 usd
CY2021Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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0.10
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 usd
CY2023Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
64200000 usd
CY2022Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
70600000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9665000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8064000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4583000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2311000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5082000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5753000 usd
CY2023 us-gaap Depreciation
Depreciation
400000 usd
CY2022 us-gaap Depreciation
Depreciation
400000 usd
CY2021 us-gaap Depreciation
Depreciation
300000 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1000000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
800000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
200000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1243000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
10506000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
11749000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11749000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
0 usd
CY2023Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11700000 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2023 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 years ended December 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><td style="width:75.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.013%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" 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%">Years ended December 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" 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:10pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;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:10pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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><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%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137,395 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">136,317 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></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><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%">996,158 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">1,023,355 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">(9,000)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">(39,324)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">987,158 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><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%">984,031 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></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><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%">865,930 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><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%">892,495 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">121,523 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><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%">90,458 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">987,453 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><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%">982,953 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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><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%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">137,100 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt double #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">137,395 </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></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 $2.9 million and $6.1 million at December 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
136317000 usd
CY2023 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
996158000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1023355000 usd
CY2023 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-9000000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-39324000 usd
CY2023 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
987158000 usd
CY2022 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
984031000 usd
CY2023 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
865930000 usd
CY2022 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
892495000 usd
CY2023 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
121523000 usd
CY2022 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
90458000 usd
CY2023 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
987453000 usd
CY2022 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
982953000 usd
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
137100000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
137395000 usd
CY2023 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
121500000 usd
CY2023 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-9000000 usd
CY2022 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-39300000 usd
CY2023 clov Ratio Of Current Year Medical Claims Paid As A Percent Of Current Year Net Medical Claims
RatioOfCurrentYearMedicalClaimsPaidAsAPercentOfCurrentYearNetMedicalClaims
0.869
CY2022 clov Ratio Of Current Year Medical Claims Paid As A Percent Of Current Year Net Medical Claims
RatioOfCurrentYearMedicalClaimsPaidAsAPercentOfCurrentYearNetMedicalClaims
0.872
CY2021Q4 us-gaap Shortduration Insurance Contracts Incurred Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet
2138604000 usd
CY2022Q4 us-gaap Shortduration Insurance Contracts Incurred Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet
3122689000 usd
CY2023Q4 us-gaap Shortduration Insurance Contracts Incurred Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet
3845797000 usd
CY2023Q4 us-gaap Shortduration Insurance Contracts Incurred But Not Reported Ibnr Claims Liability Net
ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet
137100000 usd
CY2023Q4 us-gaap Shortduration Insurance Contracts Number Of Reported Claims
ShortdurationInsuranceContractsNumberOfReportedClaims
13991051000 claim
CY2021Q4 us-gaap Shortduration Insurance Contracts Cumulative Paid Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet
2002287000 usd
CY2022Q4 us-gaap Shortduration Insurance Contracts Cumulative Paid Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet
2985295000 usd
CY2023Q4 us-gaap Shortduration Insurance Contracts Cumulative Paid Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet
3708697000 usd
CY2023Q4 us-gaap Shortduration Insurance Contracts Incurred Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet
3845797000 usd
CY2023Q4 us-gaap Shortduration Insurance Contracts Cumulative Paid Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet
3708697000 usd
CY2023Q4 us-gaap Shortduration Insurance Contracts Liability For Unpaid Claims And Allocated Claim Adjustment Expense Net
ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet
137100000 usd
CY2023 clov Reinsurance Excess Loss Coverage Threshold Per Covered Person
ReinsuranceExcessLossCoverageThresholdPerCoveredPerson
400000 usd
CY2022 clov Reinsurance Excess Loss Coverage Threshold Per Covered Person
ReinsuranceExcessLossCoverageThresholdPerCoveredPerson
600000 usd
CY2021 clov Reinsurance Excess Loss Coverage Threshold Per Covered Person
ReinsuranceExcessLossCoverageThresholdPerCoveredPerson
600000 usd
CY2023Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
0 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
0 usd
CY2023Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
0 usd
CY2022Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
0 usd
CY2023Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
46000 usd
CY2022Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
500000 usd
CY2023Q4 clov Coinsurance Percentage
CoinsurancePercentage
1
CY2023Q4 clov Life Insurance Reserves Fully Coinsured By Third Party
LifeInsuranceReservesFullyCoinsuredByThirdParty
5100000 usd
CY2022Q4 clov Life Insurance Reserves Fully Coinsured By Third Party
LifeInsuranceReservesFullyCoinsuredByThirdParty
5400000 usd
CY2023Q4 clov Life Insurance Reserves Coinsurance Percentage
LifeInsuranceReservesCoinsurancePercentage
1
CY2023Q4 clov Annuity Reserve Fully Coinsured To Third Party
AnnuityReserveFullyCoinsuredToThirdParty
900000 usd
CY2022Q4 clov Annuity Reserve Fully Coinsured To Third Party
AnnuityReserveFullyCoinsuredToThirdParty
900000 usd
CY2023Q4 clov Annuity Reserves Transfer Of Risk Percentage
AnnuityReservesTransferOfRiskPercentage
1
CY2019 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
373800000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
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CY2021 us-gaap Variable Lease Cost
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515000 usd
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CY2021 us-gaap Short Term Lease Cost
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45000 usd
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256000 usd
CY2022 us-gaap Sublease Income
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1124000 usd
CY2021 us-gaap Sublease Income
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3340000 usd
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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0.1065
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303000 usd
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CY2021 clov Effective Income Tax Rate Reconciliation162m Limitation Amount
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CY2023 clov Effective Income Tax Rate Reconciliation162m Limitation Amount
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CY2022Q4 us-gaap Treasury Stock Common Shares
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2021 clov Effective Income Tax Rate Reconciliation Interest On Convertible Securities Discount Amount
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CY2022 clov Effective Income Tax Rate Reconciliation Warrant Expense Amount
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CY2021 clov Effective Income Tax Rate Reconciliation Warrant Expense Amount
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2023Q4 clov Deferred Tax Assets Unpaid Claim Reserve Discounting
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CY2022Q4 us-gaap Deferred Tax Assets Other
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Deferred Tax Assets Net
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CY2022Q4 us-gaap Deferred Tax Assets Net
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CY2022Q4 clov Deferred Tax Liabilities Nontaxable Gain On Deconsolidation Of Entity
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2023 us-gaap Number Of Reportable Segments
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CY2022 us-gaap Gross Profit
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CY2023 us-gaap Labor And Related Expense
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CY2023 clov Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
-7239000 usd
CY2022 clov Premium Deficiency Testing Benefit Long Duration Contract Amount
PremiumDeficiencyTestingBenefitLongDurationContractAmount
-93517000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2509000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1187000 usd
CY2023 us-gaap Restructuring Costs
RestructuringCosts
9931000 usd
CY2022 us-gaap Restructuring Costs
RestructuringCosts
0 usd
CY2023 us-gaap Other General Expense
OtherGeneralExpense
0 usd
CY2022 us-gaap Other General Expense
OtherGeneralExpense
70000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
86000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-900000 usd
CY2023 us-gaap Interest Expense
InterestExpense
7000 usd
CY2022 us-gaap Interest Expense
InterestExpense
1333000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
30000 usd
CY2023 us-gaap Gain Loss On Investments
GainLossOnInvestments
-4726000 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
9217000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
23326000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-213361000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-339567000 usd
CY2023Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.10
CY2023 us-gaap Restructuring Charges
RestructuringCharges
9931000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
CY2023 clov Restructuring Charges Excluding Exit Project
RestructuringChargesExcludingExitProject
9821000 usd
CY2023 us-gaap Payments For Restructuring
PaymentsForRestructuring
4650000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
5171000 usd
CY2023Q4 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
9821000 usd
CY2023Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
187400000 usd
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
141400000 usd
CY2023Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
113700000 usd
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
120600000 usd
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
7912750 shares
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
2072752 shares
CY2023 clov Activities From Seek Dissolution
ActivitiesFromSeekDissolution
0 usd
CY2022 clov Activities From Seek Dissolution
ActivitiesFromSeekDissolution
735000 usd
CY2021 clov Activities From Seek Dissolution
ActivitiesFromSeekDissolution
0 usd
CY2023 dei Auditor Firm
AuditorFirmId
42
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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