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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Premiums earned, net (Net of ceded premiums of $113 and $119, for the three months ended June 30, 2023 and 2022, respectively; net of ceded premiums of $235 and $238 for the six months ended June 30, 2023 and 2022, respectively) $ 314,383 $ 268,505 $ 631,469 $ 546,674
Non-Insurance revenue 193,490 577,370 399,273 1,172,268
Other income 5,755 825 10,661 2,137
Total revenues 513,628 846,700 1,041,403 1,721,079
Operating expenses:        
Net medical claims incurred 436,954 858,786 909,444 1,720,508
Salaries and benefits 62,437 70,491 132,644 139,582
General and administrative expenses 42,433 47,040 99,841 104,737
Premium deficiency reserve benefit (5,138) (27,476) (6,948) (54,952)
Depreciation and amortization 999 586 1,278 1,412
Restructuring costs 4,750 0 6,557 0
Total operating expenses 542,435 949,427 1,142,816 1,911,287
Loss from operations (28,807) (102,727) (101,413) (190,208)
Interest expense 7 390 7 793
Amortization of notes and securities discounts 0 18 0 18
Loss (gain) on investment 0 1,227 0 (11,167)
Net loss $ (28,814) $ (104,362) $ (101,420) $ (179,852)
Per share data:        
Net loss per share attributable to Class A and Class B common stockholders - basic (in dollars per share) $ (0.06) $ (0.22) $ (0.21) [1] $ (0.38) [1]
Net loss per share attributable to Class A and Class B common stockholders - diluted (in dollars per share) $ (0.06) $ (0.22) $ (0.21) [1] $ (0.38) [1]
Weighted average number of common shares outstanding        
Weighted Average Number of Shares Outstanding, Basic [1] 479,163,752 476,061,809 479,819,237 474,553,609
Diluted weighted average number of Class A and Class B common shares and common share equivalents outstanding (in shares) [1] 479,163,752 476,061,809 479,819,237 474,553,609
Net unrealized gain (loss) on available-for-sale investments $ 316 $ (1,095) $ 2,659 $ (6,419)
Comprehensive loss $ (28,498) $ (105,457) $ (98,761) $ (186,271)
[1] (1) Because the Company had a net loss during the six months ended June 30, 2023 and 2022, the Company's potentially dilutive securities, which include stock options, restricted stock, preferred stock, and warrants to purchase shares of common stock and preferred stock, have been excluded from the computation of diluted net loss per share, as the effect would be anti-dilutive.