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Condensed Financial Information (Parent Company Only)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information (Parent Company Only) Condensed Financial Information (Parent Company Only)
Certain subsidiaries are subject to state regulatory restrictions which set minimum capitalization requirements and require us to maintain certain deposits in the form of cash, certificates of deposit and Treasury bills as protection in the event of insolvency. Refer to Note 11 Regulatory Requirements and Restricted Funds for more information. Since the restricted net assets of our subsidiaries exceed 25% of
our consolidated net assets, the accompanying condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule 1 of Regulation S-X. This information should be read in conjunction with our consolidated financial statements.
Alignment Healthcare, Inc.
(Parent Company Only)
Condensed Balance Sheets
 December 31,
2024		December 31,
2023
Assets
Investment in subsidiary$425,033 $158,265 
Total assets$425,033 $158,265 
Liabilities and Stockholders' Equity
Due to subsidiary1,762 1,319 
Accrued expenses1,992 — 
Long-term debt, net of debt issuance costs321,428 — 
Total liabilities$325,182 $1,319 
Commitments and Contingencies (Note 14)
Stockholders' Equity:
Preferred stock, $.001 par value; 100,000,000 shares authorized as of December 31, 2024 and 2023, respectively; no shares issued and outstanding as of December 31, 2024 and 2023
— — 
Common stock, $.001 par value; 1,000,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 191,778,639 and 188,951,643 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively
192 189 
Additional paid-in-capital1,107,952 1,037,015 
Accumulated deficit(1,008,293)(880,258)
Total Alignment Healthcare, Inc. stockholders' equity99,851 156,946 
Total liabilities and stockholders' equity$425,033 $158,265 
Alignment Healthcare, Inc.
(Parent Company Only)
Condensed Statements of Operations
 Year Ended December 31,
 202420232022
Revenues:
Total revenues$— $— $— 
Expenses:
Selling, general, and administrative expenses443 488 438 
Total expenses443 488 438 
Loss from operations(443)(488)(438)
Other expenses:
Interest expense1,700 — — 
Total other expenses1,700 — — 
Loss before income taxes(2,143)(488)(438)
Provision for income taxes— — — 
Net loss of Parent Company(2,143)(488)(438)
Subsidiary's net loss(125,928)(147,685)(149,201)
Net loss(128,071)(148,173)(149,639)
Less: Net loss attributable to noncontrolling interest36 156 92 
Net loss attributable to Alignment Healthcare, Inc.$(128,035)$(148,017)$(149,547)
Alignment Healthcare, Inc.
(Parent Company Only)
Condensed Statements of Cash Flows
 Year Ended December 31,
 202420232022
Operating Activities:
Net loss attributable to Alignment Healthcare, Inc.$(128,035)$(148,017)$(149,547)
Adjustments to reconcile net loss to net cash used in operating activities:
Equity in loss of subsidiary125,892 147,529 149,109 
Amortization of debt issuance costs220 — — 
Changes in operating assets and liabilities:
Due to subsidiary1,923 488 438 
Net cash provided by operating activities— — — 
Investing Activities:
Investment in Subsidiary(321,525)— — 
Net cash used in investing activities(321,525)— — 
Financing Activities:
Shares withheld net of restricted stock(350)— — 
Stock options exercised155 — — 
Proceeds from long-term debt330,000 — — 
Debt issuance costs(8,280)— — 
Net cash provided by financing activities321,525 — — 
Net (decrease) increase in cash— — — 
Cash, cash equivalents and restricted cash at beginning of period— — — 
Cash, cash equivalents and restricted cash at end of period$— $— $— 
Supplemental non-cash financing and investing activities:
Contribution of equity to subsidiary related to equity-based compensation$71,132 $66,835 $81,718 
Distribution from subsidiary$— $— $85 
Debt issuance costs in accounts payable$512 $— $— 
Basis of Presentation
Alignment Healthcare, Inc's. (the "Parent") parent company financial information has been derived from our consolidated financial statements and have been presented on a "parent-only" basis. Under a parent-only presentation, the investment in subsidiaries is presented under the equity method of accounting. The accounting policies for the parent company are the same as those described in Note 2 Summary of Significant Accounting Policies. The Parent is a holding company with no material operations of its own that conducts substantially all of its activities through its subsidiaries. The Parent has no cash and, as a result, expenses and obligations of the Parent are allocated to and paid by its subsidiaries. The accompanying condensed financial information of the Parent should be read in conjunction with the consolidated financial statements and accompanying notes.
Investment in Subsidiary
For purposes of these condensed financial statements, our wholly owned subsidiaries are recorded using the equity method of accounting. Investment in subsidiary represents capital contributions to subsidiaries and return of capital from our subsidiaries to us.
The Parent and its subsidiaries are included in the consolidated federal and state income tax returns filed by the Parent. Income taxes are allocated to each subsidiary in an amount equivalent to the amount which would be recognized by the subsidiary if it filed a separate tax return.
Commitments and Contingencies
Alignment Healthcare, Inc., along with certain other subsidiaries, is a guarantor of the Term Loans discussed in Note 8 Long-Term Debt. The Terms Loans were repaid in full in November 2024.
For a summary of additional commitments and contingencies, see Note 14 Commitments and Contingencies.
Long-Term Debt
On November 22, 2024, Alignment Healthcare Inc. completed the sale of $330,000 of its 4.25% Convertible Senior Notes. See Note 8 Long-Term Debt for further discussion.