Group 1 - Alignment Healthcare (ALHC) shares increased by 12.7% to close at $11.27, with trading volume significantly higher than usual [1] - The stock's recent price surge is attributed to positive sentiment regarding the company's Medicare Advantage plan, which will introduce over 55 benefits for seniors [1] - The Medicare Advantage plan will be available to 8.1 million Medicare-eligible adults during the enrollment period from October 15 to December 7, 2024, with benefits starting January 1, 2025 [1] Group 2 - Alignment Healthcare is expected to report a quarterly loss of $0.14 per share, reflecting a year-over-year increase of 26.3%, with revenues projected at $661.54 million, up 44.9% from the previous year [1] - The consensus EPS estimate for Alignment Healthcare has remained unchanged over the last 30 days, indicating a potential lack of momentum in earnings revisions [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] Group 3 - AMN Healthcare, a peer in the medical services industry, has a consensus EPS estimate of $0.63, which represents a 68% decline from the previous year [3] - AMN Healthcare also holds a Zacks Rank of 3 (Hold), indicating a similar neutral outlook as Alignment Healthcare [3]

ORANGE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Alignment Health Plan, an award-winning Medicare Advantage (MA) plan from Alignment Health, today announced more than 55 plan benefit options designed to meet seniors’ evolving health care needs. For 2025, Alignment is offering more choices for the growing population of seniors who need specialized care and maintaining consistency in the benefits it offers that holistically address seniors’ overall health and wellness. The plans will be available to 8.1 mill ...

ORANGE, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Alignment Health, the consumer brand name for Alignment Healthcare (NASDAQ: ALHC), today announced Alignment Health Plan has ranked No. 2 in customer satisfaction in California, according to the J.D. Power 2024 U.S. Medicare Advantage Study, an annual analysis of members of MA plans on eight factors across 10 different states. Roughly 32.8 million in the U.S. are enrolled in a Medicare Advantage plan, accounting for more than half (54%) of eligible Medicare ...

Core Insights - The 2024 Social Threats to Aging Well in America survey by Alignment Health identifies key social determinants affecting the health of U.S. seniors, highlighting aging in place, lack of transportation, and economic insecurity as primary barriers [1][2][5]. Group 1: Aging in Place - Aging in place is considered the top social barrier to health, with 69% of seniors citing it as a significant challenge [1][2]. - Among seniors experiencing stress, 22% identified aging in place as the leading cause of their anxiety, while 45% included it in their top three stressors [3]. - 67% of respondents expressed interest in benefits that support aging in place, such as home safety improvements and in-home health care [3]. Group 2: Lack of Transportation and Access to Care - Lack of reliable transportation and access to medical care is a major concern, with 64% of seniors identifying it as a top barrier to health [1][4]. - 71% of seniors indicated they would utilize transportation benefits if offered by their health plan [4]. - This issue is the primary reason for skipping medical care, affecting 64% of respondents [6]. Group 3: Economic Insecurity - Economic insecurity is a significant concern for seniors, with 56% ranking it as a top issue, and 15% citing it as their main source of stress [5]. - 44% of seniors facing economic barriers reported being burdened by medical debt, with 59% of those owing amounts equivalent to at least one month of living expenses [5]. - 21% of seniors are uncertain if they have enough funds to cover medical expenses in the coming year [5]. Group 4: Other Notable Findings - Additional social factors impacting seniors include lack of support (38%), mental health issues (33%), and loneliness (30%) [6]. - Cultural barriers (21%) and food insecurity (18%) were also noted as significant concerns [6]. - 26% of seniors admitted to skipping medical care, primarily due to transportation issues (64%) and economic insecurity (35%) [6]. Group 5: Regional Insights - Seniors experiencing food insecurity and loneliness are more prevalent in urban areas [7]. - Nevada and North Carolina reported higher impacts from social determinants of health compared to other states surveyed [7]. - California, while having the largest senior population, showed relatively better outcomes in three of the eight social determinants studied [7]. Group 6: Survey Methodology - The survey was conducted online with over 2,000 seniors aged 65 and older, marking the first collaboration with Ipsos for this research [8]. - Additional polling in Arizona, Nevada, and North Carolina ensured a minimum sample size for state-level analysis [8].

Core Insights - Alignment Healthcare, Inc. announced the immediate resignation of Thomas (TJ) Carella and Jeffrey Margolis from its Board of Directors, with Margolis transitioning to an advisory role [1][2] - The company emphasizes the significant contributions of Carella and Margolis in guiding Alignment Healthcare through growth in the healthcare sector [1][2] - Both board members expressed confidence in the company's future impact and its commitment to delivering high-quality, cost-effective care for seniors [2] Company Overview - Alignment Healthcare operates under the brand name Alignment Health, offering over 50 Medicare Advantage plans across 53 counties in six states [3] - The company focuses on providing coordinated care through partnerships with local providers, utilizing a customized care model and technology [3] - Alignment Healthcare aims to deliver high-quality, low-cost care while expanding its national presence and maintaining core values centered on serving seniors [3]

Alignment Healthcare, Inc. (NASDAQ:ALHC) Q2 2024 Earnings Conference Call August 1, 2024 5:30 PM ET Company Participants John Kao - Founder & Chief Executive Officer Thomas Freeman - Chief Financial Officer Conference Call Participants John Ransom - Raymond James Whit Mayo - Leerink Partners Michael Ha - Baird Jess Tassan - Piper Sandler Jared Haase - William Blair Adam Ron - Bank of America Scott Fidel - Stephens Ryan Langston - TD Cowen Andrew Mok - Barclays Operator Good afternoon and welcome to Alignmen ...

Alignment Healthcare (ALHC) reported $681.29 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 47.3%. EPS of -$0.13 for the same period compares to -$0.15 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $632.81 million, representing a surprise of +7.66%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being -$0.14.While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

Alignment Healthcare (ALHC) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this Medicare Advantage insurer would post a loss of $0.24 per share when it actually produced a loss of $0.25, delivering a surprise of -4.17%.Over the last four quarters, t ...

Financial Performance - Total revenues for Q2 2024 reached $681.3 million, a 47.3% increase from $462.4 million in Q2 2023[20] - Earned premiums for Q2 2024 were $674.1 million, up 47.5% from $456.9 million in Q2 2023[20] - Medical expenses for Q2 2024 totaled $605.3 million, representing a 47.3% increase compared to $410.6 million in Q2 2023[20] - The net loss for Q2 2024 was $24.0 million, slightly improved from a net loss of $28.5 million in Q2 2023[20] - Adjusted EBITDA for the three months ended June 30, 2024, was $6,034,000, a significant improvement of 393.6% from a loss of $2,055,000 in the same period of 2023[157] - The loss from operations for the three months ended June 30, 2024, was $18,382,000, a 22.3% improvement from a loss of $23,659,000 in the same period of 2023[157] - Net cash provided by operating activities for the six months ended June 30, 2024, was $17,291,000, a significant decrease from $122,287,000 for the same period in 2023[33] - The company recorded a net change in cash of $136.1 million for the six months ended June 30, 2024, compared to a decrease of $14.3 million for the same period in 2023[196] Assets and Liabilities - Total current assets increased to $599.1 million as of June 30, 2024, compared to $483.5 million at December 31, 2023, reflecting a 23.9% growth[18] - Total liabilities rose to $591.5 million as of June 30, 2024, up from $433.8 million at December 31, 2023, indicating a 36.3% increase[18] - The company reported a total stockholders' equity of $124.8 million as of June 30, 2024, down from $158.1 million at December 31, 2023[18] - The company’s total assets as of June 30, 2024, were $1,074,303,000, compared to $1,007,794,000 as of June 30, 2023, reflecting an increase of approximately 6.6%[29] Membership and Market Expansion - Health plan membership increased to 175,100 as of June 30, 2024, representing a 56.1% growth compared to 112,200 in the same period of 2023[157] - The company expanded into 14 new markets in 2023 and one new market in California in 2024, focusing on areas with significant senior populations[148] - The company holds a 4% market share in its existing 53 counties, indicating significant growth opportunities in the Medicare Advantage market[147] Expenses - Selling, general, and administrative expenses for Q2 2024 were $87.9 million, a 25.3% increase from $70.2 million in Q2 2023[20] - Medical expenses payable rose to $315,369 million as of June 30, 2024, up from $205,399 million as of December 31, 2023, indicating a 53.5% increase[99] - Total medical expenses incurred for the current year reached $407,156 million, compared to $235,027 million for the same period in 2023, representing a growth of 73%[102] Cash Flow and Financing - Cash and cash equivalents at the end of the period on June 30, 2024, were $341,069,000, down from $397,008,000 at the end of June 30, 2023, indicating a decrease of approximately 14.1%[35] - The company expects to require additional capital resources to execute strategic initiatives for growth, including technology development and market expansion[185][186] - The company had the option to borrow an additional $35.0 million in undrawn Delayed Draw Term Loans, which expires on September 1, 2025[190] Regulatory Compliance and Risks - The company was in compliance with the minimum capital requirements prescribed by regulatory authorities as of June 30, 2024[132] - The company continues to monitor changes in ownership that could affect the utilization of its substantial NOLs under IRC Section 382[116] Technology and Future Outlook - The company aims to leverage its proprietary technology platform, AVA, to enhance member relationships and care quality, which is expected to drive future performance[146] - The company plans to continue investing in its AVA platform and pursue strategic acquisitions to maintain a differentiated value proposition[153] Other Financial Metrics - The company reported a provision for credit loss of $95,000 for the six months ended June 30, 2024, compared to $51,000 for the same period in 2023, showing an increase of approximately 86.3%[33] - The company recognized a favorable prior year development of $2,460 million for the three months ended June 30, 2024, primarily due to better-than-expected claims recoveries[102]

EXHIBIT 99.1 Alignment Healthcare Reports Second Quarter 2024 Results Reports $681.3 million in total revenue, up 47.3% year-over-year Records strong Medicare Advantage membership growth, up 56.1% year-over-year to approximately 175,100 members, beating expectations Increases year-end membership and revenue guidance, and maintains full-year adjusted gross profit and adjusted EBITDA guidance ORANGE, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (NASDAQ: ALHC), today reported financial ...