Alignment Healthcare Announces Industry-Leading Membership Growth and Promotion of Dawn Maroney to President

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]