Agilon Health, Inc. Q4 2025 Earnings Call Summary

Performance in 2025 was impacted by elevated medical cost trends, specifically a step-up in inpatient volume and several discrete multimillion-dollar claims in the third quarter. Management is executing a strategic pivot that prioritizes economic sustainability over membership growth, leading to the intentional exit of unprofitable payer contracts. The company is migrating certain markets to care coordination fee models to reduce downside risk while maintaining a long-term path to full-risk arrangemen ...