Clover Health Investor Day Presentation Deck
Financial Highlights
Large and growing market
Significant opportunity for membership growth as the underlying market grows, we continue to penetrate existing markets, and we add new markets
Aligned incentives
Economic alignment with members to improve care at lower cost and with Clover Assistant physicians via fixed payment model to avoid moral hazard
Predictable revenue stream
High annual retention, consistent monthly payments, and visibility into future year financials
Margin enhancement over time
Long-term margins expected to support attractive plan designs at better-than-industry margins while maintaining better-than-industry growth
Strong unit economics
Favorable LTV / CAC economics that are expected to continue to enhance with margin improvements
Attractive free cash flow generation
Given limited capital expenditures, Adjusted EBITDA is a proxy for free cash flow
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