Clover Health Investor Conference Presentation Deck
COVID Had A Big Impact on Medical Expenses and
Revenue
$1,300
$1,200
$1,100
$1,000
$900
$800
$700
$600
$500
$400
(1)
(2)
2018-Q1
2018-Q2
2018-Q3
Plan 1
Medical Expense Impact
Northern NJ Plans Allowed PMPM Since Q1 2018
Pre-Pandemic
2018-Q4
2019Q1
2019-Q2
2019-Q3
7, 2019-Q4
2020-Q1
2020-Q2
2020-Q3
4-0202
2021-Q1
2021-Q2
Plan 1 Illustrative PMPM1¹) -Plan 2 PMPM - Plan 2 Illustrative PMPM
2021-Q3
2
1.14
Illustrative PMPM is calculated using a prior year average grossed up for 2% illustrative inflation starting Q1 2020.
Source: CMS MMR file. 2022E represents management's projections based on profile of its members.
1.12
1.1
1.08
1.06
1.04
1.02
1
Revenue Impact
Payment Year Risk Score(2)
2017 2018 2019 2020 2021E2022E
Given our focus on serving traditionally underserved populations and our geographic mix, we saw
impacts to medical expense and revenue that are not commensurate with our historical baseline.
The impact of
COVID in
2020 affected
our PY2021
risk scores
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