Yahoo Finance May 5, 2022
Reports $345.5 million in total revenue, up 29.4% year-over-year, led by 25.0% growth in health plan premium revenue of $330.9 million
Secures 13.4% membership growth year over year, beating high end of Q1 membership guidance
Gross margin engine produces strong medical benefits ratio results, coming in at 87.0% in Q1
ORANGE, Calif., May 05, 2022 (GLOBE NEWSWIRE) — Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”) (Nasdaq: ALHC), a tech-enabled Medicare Advantage company, today reported financial results for its first quarter ended March 31, 2022.
“Alignment Healthcare continues to do well by doing good – delivering sustainable growth and once again beating guidance on our four critical metrics: membership, revenue, adjusted gross...