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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Premiums earned, net (Net of ceded premiums of $101 and $122 for the three months ended March 31, 2024 and 2023, respectively) $ 341,722 $ 317,086
Other income 5,200 4,906
Total revenues 346,922 321,992
Operating expenses:    
Net medical claims incurred 265,162 274,789
Salaries and benefits 59,223 68,981
General and administrative expenses 44,569 57,644
Premium deficiency reserve benefit 0 (1,810)
Depreciation and amortization 318 279
Restructuring costs 353 1,807
Total operating expenses 369,625 401,690
Loss from continuing operations (22,703) (79,698)
Loss on investment 467 0
Net loss from continuing operations (23,170) (79,698)
Net income from discontinued operations (Note 17) 4,000 7,092
Net loss $ (19,170) $ (72,606)
Continuing Operations:    
Basic weighted average number of Class A and Class B common shares and common share equivalents outstanding (in shares) 486,374,644 478,805,067
Diluted weighted average number of Class A and Class B common shares and common share equivalents outstanding (in shares) 486,374,644 478,805,067
Basic net loss per share (in dollars per share) $ (0.05) $ (0.17)
Diluted net loss per share (in dollars per share) $ (0.05) $ (0.17)
Discontinued operations:    
Basic weighted average number of Class A and Class B common shares and common share equivalents outstanding (in shares) 486,374,644 478,805,067
Diluted weighted average number of Class A and Class B common shares and common share equivalents outstanding (in shares) 567,451,166 566,629,082
Basic earnings per share (in dollars per share) $ 0.01 $ 0.01
Diluted earnings per share (in dollars per share) $ 0.01 $ 0.01
Net unrealized (loss) gain on available-for-sale investments $ (190) $ 2,343
Comprehensive loss $ (19,360) $ (70,263)