On the heels of star rating win, Clover Health boosts outlook on strength of MA membership growth in Q2
The company posted $153 million in profit, up 54% year-over-year, according to financial results published Wednesday afternoon.
Clover Health's Medicare Advantage membership surged 48% year-over-year in the second quarter, reaching 157,309 members. Executives are increasingly confident in the company's 2027 outlook due to cohort maturation and a revised star rating. In May 2026, the Centers for Medicare & Medicaid Services recalculated Clover Health's 2026 star rating from 3.5 to 4.5 stars following a federal court ruling.
Clover Health CEO Andrew Toy expressed satisfaction with the outcome, stating the higher rating provides more room to reinvest in members and expand profitability. Despite the boost, Toy emphasized that the rating does not alter the economics of the company's model. Clover posted $153 million in profit, a 54% year-over-year increase, and $743 million in revenue, up 56% year-over-year.
Interim CFO Clay Thornton indicated the Medicare Advantage plan remains strong and cited the first half's performance as a positive sign for long-term earnings. The company now projects $2.92 billion to $3 billion in revenue and $70 million to $80 million in adjusted EBITDA for the full year, with membership averaging 156,000 to 158,000.
Clover remains committed to artificial intelligence, with Toy noting the company is accelerating AI implementation to improve back-office operations, enhance member support, and streamline administrative expenses.
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