CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Mar. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
| Current Assets |
|
|
|
| Cash and cash equivalents |
$ 404,507
|
$ 92,348
|
$ 67,598
|
| Short-term investments |
279,066
|
4,098
|
138,638
|
| Investment securities, available-for sale (Amortized cost: 2021: $1,001; 2020: $0) |
1,001
|
0
|
|
| Investment securities, held-to-maturity (Fair value: 2021: $0; 2020: $266) |
0
|
265
|
|
| Accrued retrospective premiums |
54,179
|
34,829
|
13,225
|
| Other receivables |
19,211
|
11,368
|
5,503
|
| Reinsurance recoverable |
|
|
481
|
| Healthcare receivable |
30,225
|
38,745
|
25,819
|
| Other assets, current |
21,260
|
8,129
|
1,692
|
| Total current assets |
809,449
|
189,782
|
252,956
|
| Investment securities, available-for sale (Amortized cost: 2021: $35,281; 2020: $53,953) |
34,798
|
53,963
|
56,428
|
| Investment securities, held-to-maturity (Fair value: 2021: $703; 2020: $471) |
695
|
429
|
663
|
| Property and equipment, net |
2,024
|
2,078
|
1,940
|
| Operating lease right-of-use assets |
7,102
|
7,882
|
11,097
|
| Goodwill and other intangible assets |
4,233
|
4,233
|
|
| Other assets, non-current |
8,641
|
8,885
|
9,704
|
| Goodwill |
|
1,243
|
1,243
|
| Other intangible assets |
|
2,990
|
2,990
|
| Total assets |
866,942
|
267,252
|
337,021
|
| Current liabilities |
|
|
|
| Unpaid claims |
117,582
|
103,976
|
77,886
|
| Accounts payable and accrued expenses |
18,320
|
30,671
|
19,826
|
| Accrued salaries and benefits |
10,852
|
3,978
|
3,792
|
| Operating lease liabilities |
4,841
|
4,795
|
4,761
|
| Current portion of notes and securities payable |
21,425
|
20,803
|
18,481
|
| Other liabilities, current |
5
|
5
|
14
|
| Premium deficiency reserve |
|
|
17,128
|
| Total current liabilities |
173,025
|
164,228
|
141,888
|
| Notes and securities payable, net of discounts and deferred issuance costs |
24,285
|
106,413
|
57,917
|
| Derivative liabilities |
0
|
44,810
|
138,561
|
| Warrants payable |
62,039
|
97,782
|
17,672
|
| Long-term operating lease liabilities |
5,391
|
6,349
|
10,044
|
| Other liabilities, non-current |
13,267
|
13,116
|
11,729
|
| Total liabilities |
278,007
|
432,698
|
377,811
|
| Commitments and Contingencies Note 22 |
|
|
|
| Convertible Preferred stock |
0
|
447,747
|
447,747
|
| Stockholders' equity |
|
|
|
| Additional paid-in capital |
1,662,873
|
411,872
|
|
| Accumulated other comprehensive (income) loss |
(483)
|
10
|
46
|
| Accumulated deficit |
(1,077,399)
|
(1,028,982)
|
(891,633)
|
| Clover stockholders' equity (deficit) |
585,032
|
(617,096)
|
(488,537)
|
| Non-controlling interest |
3,903
|
3,903
|
|
| Total stockholders' equity (deficit) |
588,935
|
(613,193)
|
(488,537)
|
| Total liabilities, convertible preferred stock and stockholders' equity |
866,942
|
267,252
|
337,021
|
| Reverse Capitalization [Member] |
|
|
|
| Stockholders' equity |
|
|
|
| Common Stock, Value |
|
9
|
9
|
| Additional paid-in capital |
|
411,867
|
$ 403,041
|
| Class A Common Stock |
|
|
|
| Stockholders' equity |
|
|
|
| Common Stock, Value |
15
|
0
|
|
| Class B Common Stock |
|
|
|
| Stockholders' equity |
|
|
|
| Common Stock, Value |
$ 26
|
$ 4
|
|