Financial Performance - Total revenue for Q4 2024 was $701.2 million, up 50.7% year-over-year, while full-year revenue was $2,703.6 million, up 48.3% year-over-year[8] - Adjusted EBITDA for Q4 2024 was $1.4 million, with a net loss of $(31.1) million, compared to a net loss of $(47.2) million in Q4 2023[8] - Adjusted gross profit for Q4 2024 was $87.9 million, compared to $49.2 million in Q4 2023[8] - Total revenues for 2024 reached $2,703,561, a 48.3% increase from $1,823,630 in 2023[17] - Earned premiums increased to $2,671,931 in 2024, up 48.3% from $1,800,933 in 2023[17] - Total expenses for 2024 were $2,805,116, a 43.8% increase compared to $1,951,447 in 2023[17] - Net loss for 2024 was $128,071, an improvement from a net loss of $148,173 in 2023[19] - Net loss per share attributable to Alignment Healthcare, Inc. improved to $(0.67) in 2024 from $(0.79) in 2023[17] Membership Growth - Health plan membership reached 189,100 as of December 31, 2024, representing a 58.6% increase year-over-year[7] - The midpoint of 2025 health plan membership guidance was raised by 2,000 due to strong open enrollment momentum[7] Cash and Assets - Cash and cash equivalents increased to $432.9 million as of December 31, 2024, up from $202.9 million in 2023[16] - Cash and cash equivalents at the end of 2024 were $432,859, compared to $204,954 at the end of 2023[20] - Total assets grew to $782.1 million as of December 31, 2024, compared to $591.9 million in 2023[16] Debt and Financial Position - Long-term debt increased to $321.4 million as of December 31, 2024, up from $161.8 million in 2023[16] - Net cash provided by operating activities was $34,770 in 2024, a recovery from a cash used of $(59,187) in 2023[20] Future Guidance - The company introduced 2025 revenue guidance of $3.72 billion to $3.78 billion, indicating a year-over-year growth of 37.6% to 39.6%[7] Operational Metrics - Medical benefits ratio based on adjusted gross profit was 87.5% for Q4 2024, compared to 88.8% for the full year 2024[8] - Adjusted EBITDA is used by management to assess operating performance, although specific figures were not disclosed in the provided content[23] - Medical Benefits Ratio (MBR) is calculated by dividing total medical expenses by total revenues, although specific MBR figures were not provided[25] Strategic Initiatives - The company plans to continue evaluating acquisition opportunities as part of its business strategy[22]

Reports 189,100 health plan members as of Dec. 31, 2024, up 58.6% year-over-year, beating year-end expectationsAchieves first full year of positive adjusted EBITDA as a public company, driven by operating leverage and strong medical benefits ratio performanceRaises midpoint of 2025 health plan membership guidance by 2,000 to reflect strong open enrollment period momentumIntroduces 2025 revenue guidance of $3.72 billion to $3.78 billion, representing 37.6%-39.6% growth year-over-year, and adjusted EBITDA of ...

Core Insights - Alignment Healthcare (ALHC) is projected to report a quarterly loss of $0.18 per share, marking a 28% increase compared to the same period last year [1] - Analysts forecast revenues of $677.04 million, reflecting a year-over-year increase of 45.5% [1] - There has been no revision in the consensus EPS estimate for the quarter over the past 30 days, indicating stability in analysts' projections [1] Revenue Estimates - The average estimate for 'Revenues- Other' is $7.48 million, showing a year-over-year change of +17.2% [3] - 'Revenues- Earned premiums' is expected to reach $668.26 million, indicating a change of +45.6% from the prior-year quarter [4] Key Metrics - The 'Medical Benefit Ratio' is projected to be 89.4%, consistent with the year-ago figure [4] - Analysts estimate that 'Health Plan Membership - Ending' will reach 185,005, compared to 119,200 in the previous year [4] Stock Performance - Shares of Alignment Healthcare have experienced a -12% return over the past month, in contrast to the Zacks S&P 500 composite's -1.8% change [5] - The company holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the near future [5]

Financial Results Announcement - Alignment Healthcare, Inc. will release its fourth quarter and full-year 2024 financial results on February 27, 2025, after market close [1] - A conference call to review the financial results will be held at 5 p.m. EST on the same day [1] Conference Call Details - A live audio webcast of the conference call will be available online [2] - Participants can access the webcast at a specified link, and a replay will be available for on-demand listening shortly after the call [2] Company Overview - Alignment Health focuses on senior care, aiming to empower members to age well and live vibrant lives [3] - The company provides high-quality, low-cost care for its Medicare Advantage members through partnerships with local providers and a customized care model [3] - Alignment Health emphasizes its core values of serving seniors and expanding its national footprint while maintaining a mission-driven approach [3]

Core Insights - Most publicly traded US health insurers are expected to report sequential revenue and earnings declines for the fourth quarter of 2024 according to an S&P Global Market Intelligence analysis of sell-side analyst forecasts [1] Group 1 - The analysis indicates a negative outlook for the health insurance sector in the upcoming quarter [1] - A total of nine health insurers are included in the forecast analysis [1]

Core Insights - Alignment Healthcare, Inc. reported a health plan membership of approximately 209,900 as of January 1, 2025, reflecting a 35% year-over-year increase compared to January 1, 2024 [1][6] - The company anticipates health plan membership to reach between 225,000 and 231,000 by December 31, 2025, indicating a growth of approximately 22% to 25% relative to the midpoint of its year-end 2024 membership guidance [1][2] - The company reaffirmed its full-year 2024 guidance on health plan membership, revenue, adjusted gross profit, and adjusted EBITDA, with confidence in achieving consensus adjusted EBITDA of approximately $40 million in 2025 [2][6] Leadership and Operational Excellence - Dawn Maroney has been promoted to President of Alignment Healthcare, Inc., effective immediately, to oversee day-to-day operations and enhance member experiences [3][4] - The CEO emphasized that Maroney's leadership has been crucial in achieving record enrollment growth and fostering strong partnerships [3][4] Recognition and Ratings - 98% of health plan members are enrolled in plans rated 4 stars or above for 2025, with the company retaining a 5-star rating from CMS for its North Carolina and Nevada HMO contract for three consecutive years [7] - The California HMO has achieved a 4-star rating for eight consecutive years, and the company has been recognized as a Newsweek World's Most Trustworthy Company in 2024 [7] Financial Metrics - Adjusted EBITDA is defined as net loss before interest expense, income taxes, depreciation and amortization expense, and other specific costs, with the company unable to reconcile estimated ranges for adjusted EBITDA to net loss without unreasonable efforts [9]

Group 1 - Alignment Healthcare, Inc. will present at the 43rd Annual J.P. Morgan Healthcare Conference on January 15, 2024, at 11:15 a.m. PST [1] - A webcast and replay of the presentation will be available on Alignment's investor relations website [3] - Alignment Health focuses on empowering seniors to age well and live vibrant lives through high-quality, low-cost care for Medicare Advantage members [4] Group 2 - The company partners with trusted local providers to deliver coordinated care using its customized care model and technology, AVA® [4] - Alignment Healthcare is based in California and is expanding its national footprint while maintaining its core values of serving seniors [4]

ORANGE, Calif. , Dec. 20, 2024 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (NASDAQ: ALHC), today announced that it will present at the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco on Wednesday, Jan. 15, at 1:30 p.m. PST. A webcast and replay of the presentations will be available on Alignment’s investor relations website at https://ir.alignmenthealth.com/. About Alignment HealthcareAlignment Health is championing a new path in senior care that empowers members to age well and live their ...

ORANGE, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (NASDAQ: ALHC) (the “Company”) today announced that it has entered into privately negotiated subscription agreements with certain investors, pursuant to which it will issue $330 million principal amount of 4.25% Convertible Senior Notes due 2029 (the “Notes”). The issuance of the Notes is expected to close on November 22, 2024, subject to customary closing conditions. The Notes will be senior, unsecured obligations of the Company, ...

ORANGE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Alignment Health Plan, an award-winning Medicare Advantage plan from Alignment Health, has been named to U.S. News & World Report's 2025 Best Insurance Companies for Medicare Advantage (MA) Honor Roll in California. With more than 400 MA plans offered in California, Alignment is one of only six insurers in the state to earn the "Best" ranking badge, which recognizes insurers with a U.S. News rating above 3.8 on a 5-point scale.1 To calculate its 2025 ranking ...