ALHC - Alignment Healthcare climbs as guidance beat forecasts

The shares of Alignment Healthcare (NASDAQ:ALHC) have added more than 11% in the post-market Thursday after the Medicare Advantage company posted better-than-expected guidance with its Q4 2021 results. Total revenue for the quarter rose ~23% YoY to $298.3M backed by ~28% YoY growth in health plan premium revenue that stood at $284.0M.  Health Plan memberships climbed ~26% YoY to nearly 86,100. Full year revenue added ~22% YoY to $1.2B as health plan premium revenue grew ~28% YoY to $1.1B.   Quarterly net loss attributable to Alignment Healthcare (ALHC) rose ~49% YoY to $47.8M as medical benefit ratio, that indicates the amount of premium spent of healthcare benefits, reached ~86% up from ~89% in prior-year period. The full year net loss expanded ~752% YoY to $195.3M while medical benefit ratio climbed to ~88% in 2021 up from ~83% in the prior year. The level of cash rose to $466.6M at the year-end indicating

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Alignment Healthcare climbs as guidance beat forecasts