Brief: Clover Health Reports Third Quarter 2022 Financial Results

Clover Health Investments

07/11/2022 22:24

Nov 7 (Reuters) - Clover Health Investments Corp
 CLOV.O :
    * CLOVER HEALTH REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS
    * UPDATES FULL YEAR GUIDANCE TO INCLUDE IMPROVED 2022
INSURANCE
MCR RANGE OF 93% TO 94%
    * DELAYING ANY REQUIREMENT FOR ADDITIONAL CAPITAL AT LEAST
THROUGH
2023 AND POTENTIALLY BEYOND
    * SEES FY REVENUE $3.2 BILLION TO $3.4 BILLION
    * QTRLY TOTAL REVENUE $856.8 MILLION VERSUS  $427.2 MILLION
IN Q3
21
    * Q3 REVENUE VIEW $799.5 MILLION -- REFINITIV IBES DATA
    * FY2022 REVENUE VIEW $3.31 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX4JzPNX 
Further company coverage:  CLOV.O 
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