Clover Ins Co
Major Rating Factors:
Fair liquidity (4.8 on a scale of 0 to 10) as cash resources may not be adequate to cover a spike in claims. Weak profitability index (0.9) with operating losses during 2018, 2019, 2020 and 2021. Average return on equity over the last five years has been extremely poor. Good capitalization (6.0) based on fair current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2018.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent overall results on stability tests (7.1) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years.
Principal Lines of Business:
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Licensed in:
All states except MI, NC, NH, NY, VT
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
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Fee For Service
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Contractual Pay
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Salary
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Bonus
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Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
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Corporate Info
Group Affiliation
Clover Health Investments Corp
Investment Rating
Company Address
30 Montgomery Street
Jersey City, NJ 07302
Jersey City, NJ 07302
Phone Number
(201) 432-2133
NAIC Number
86371
Website
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