Clover Health Investor Day Presentation Deck
Step 5: Our Plans Position Us To Capture Growth From
Secular Tailwinds
Total Medicare
Population
Medicare Advantage
Population
Individual, Non-SNP
MA Population
2019
62mm
22mm
15mm
Clover today only offers plans in
markets that service 3.1mm lives
The Medicare Advantage market is expected to
grow 14% annually from $270bn to $590bn
Clover has over 50% take rate
across established markets(1)
2025E
73mm
34mm
24mm(2)
Between market growth, take rate in existing markets, and new market expansion, we believe
Clover has multiple levers to enable sustained above-average growth for many years to come.
(1) Take rate defined as Clover's net membership growth as a percentage of the market's net membership growth from December to May in a given period (i.e., prior to and after the impact of the Annual
Election and Open Enrollment periods). We define established markets to include markets in which we have over 500 members in December (i.e., prior to the reference period). Our established
markets currently represent 13 of our 34 counties, as of 2020. Clover currently offers only individual, non-SNP MA plans and thus uses individual, non-SNP market sizes to calculate market share and
take rate. Source: CMS.
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(2) Assuming Individual, non-SNP MA market as a percentage of total MA holds from 2019 to 2025.View entire presentation