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Side-by-side financial comparison of Ameriprise Financial (AMP) and CLOVER HEALTH INVESTMENTS, CORP. (CLOV). Click either name above to swap in a different company.

Ameriprise Financial is the larger business by last-quarter revenue ($4.9B vs $487.7M, roughly 10.0× CLOVER HEALTH INVESTMENTS, CORP.). Ameriprise Financial runs the higher net margin — 18.7% vs -10.1%, a 28.8% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 9.0%). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 5.5%).

Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-di...

Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.

AMP vs CLOV — Head-to-Head

Bigger by revenue
AMP
AMP
10.0× larger
AMP
$4.9B
$487.7M
CLOV
Growing faster (revenue YoY)
CLOV
CLOV
+35.7% gap
CLOV
44.7%
9.0%
AMP
Higher net margin
AMP
AMP
28.8% more per $
AMP
18.7%
-10.1%
CLOV
Faster 2-yr revenue CAGR
CLOV
CLOV
Annualised
CLOV
18.6%
5.5%
AMP

Income Statement — Q1 2026 vs Q4 2025

Metric
AMP
AMP
CLOV
CLOV
Revenue
$4.9B
$487.7M
Net Profit
$915.0M
$-49.3M
Gross Margin
Operating Margin
-10.1%
Net Margin
18.7%
-10.1%
Revenue YoY
9.0%
44.7%
Net Profit YoY
57.0%
-123.2%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMP
AMP
CLOV
CLOV
Q1 26
$4.9B
Q4 25
$5.0B
$487.7M
Q3 25
$4.9B
$496.6M
Q2 25
$4.5B
$477.6M
Q1 25
$4.5B
$462.3M
Q4 24
$4.6B
$337.0M
Q3 24
$4.6B
$331.0M
Q2 24
$4.4B
$356.3M
Net Profit
AMP
AMP
CLOV
CLOV
Q1 26
$915.0M
Q4 25
$1.0B
$-49.3M
Q3 25
$912.0M
$-24.4M
Q2 25
$1.1B
$-10.6M
Q1 25
$583.0M
$-1.3M
Q4 24
$1.1B
$-22.1M
Q3 24
$511.0M
$-9.2M
Q2 24
$829.0M
$7.4M
Gross Margin
AMP
AMP
CLOV
CLOV
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
24.5%
Q2 24
30.3%
Operating Margin
AMP
AMP
CLOV
CLOV
Q1 26
Q4 25
25.6%
-10.1%
Q3 25
24.0%
-4.9%
Q2 25
30.1%
-2.2%
Q1 25
15.3%
-0.3%
Q4 24
29.1%
-6.4%
Q3 24
14.1%
-2.7%
Q2 24
23.9%
2.0%
Net Margin
AMP
AMP
CLOV
CLOV
Q1 26
18.7%
Q4 25
20.0%
-10.1%
Q3 25
18.6%
-4.9%
Q2 25
23.6%
-2.2%
Q1 25
13.0%
-0.3%
Q4 24
23.0%
-6.6%
Q3 24
11.2%
-2.8%
Q2 24
18.9%
2.1%
EPS (diluted)
AMP
AMP
CLOV
CLOV
Q1 26
Q4 25
$10.39
Q3 25
$9.33
Q2 25
$10.73
Q1 25
$5.83
Q4 24
$10.57
Q3 24
$5.00
Q2 24
$8.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMP
AMP
CLOV
CLOV
Cash + ST InvestmentsLiquidity on hand
$8.3B
$78.3M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$355.9B
$308.7M
Total Assets
$184.4B
$541.0M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMP
AMP
CLOV
CLOV
Q1 26
$8.3B
Q4 25
$78.3M
Q3 25
Q2 25
Q1 25
Q4 24
$194.5M
Q3 24
$288.0M
Q2 24
$254.8M
Total Debt
AMP
AMP
CLOV
CLOV
Q1 26
$3.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AMP
AMP
CLOV
CLOV
Q1 26
$355.9B
Q4 25
$6.5B
$308.7M
Q3 25
$6.5B
$340.9M
Q2 25
$6.1B
$344.2M
Q1 25
$5.4B
$336.1M
Q4 24
$5.2B
$341.1M
Q3 24
$5.7B
$342.2M
Q2 24
$5.0B
$324.9M
Total Assets
AMP
AMP
CLOV
CLOV
Q1 26
$184.4B
Q4 25
$190.9B
$541.0M
Q3 25
$190.1B
$559.7M
Q2 25
$184.9B
$575.0M
Q1 25
$179.1B
$583.7M
Q4 24
$181.4B
$580.7M
Q3 24
$186.0B
$653.0M
Q2 24
$179.7B
$674.2M
Debt / Equity
AMP
AMP
CLOV
CLOV
Q1 26
0.01×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMP
AMP
CLOV
CLOV
Operating Cash FlowLast quarter
$-68.2M
Free Cash FlowOCF − Capex
$-68.7M
FCF MarginFCF / Revenue
-14.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-69.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMP
AMP
CLOV
CLOV
Q1 26
Q4 25
$2.7B
$-68.2M
Q3 25
$2.2B
$12.1M
Q2 25
$1.8B
$5.4M
Q1 25
$1.7B
$-16.3M
Q4 24
$383.0M
$-85.8M
Q3 24
$3.0B
$50.0M
Q2 24
$1.7B
$44.8M
Free Cash Flow
AMP
AMP
CLOV
CLOV
Q1 26
Q4 25
$2.6B
$-68.7M
Q3 25
$2.2B
$11.4M
Q2 25
$1.7B
$4.8M
Q1 25
$1.6B
$-16.5M
Q4 24
$325.0M
$-86.1M
Q3 24
$3.0B
$49.6M
Q2 24
$1.7B
$44.4M
FCF Margin
AMP
AMP
CLOV
CLOV
Q1 26
Q4 25
52.0%
-14.1%
Q3 25
44.1%
2.3%
Q2 25
38.4%
1.0%
Q1 25
36.8%
-3.6%
Q4 24
7.0%
-25.6%
Q3 24
65.8%
15.0%
Q2 24
38.8%
12.5%
Capex Intensity
AMP
AMP
CLOV
CLOV
Q1 26
Q4 25
0.9%
0.1%
Q3 25
0.9%
0.1%
Q2 25
0.8%
0.1%
Q1 25
0.8%
0.0%
Q4 24
1.2%
0.1%
Q3 24
1.1%
0.1%
Q2 24
0.4%
0.1%
Cash Conversion
AMP
AMP
CLOV
CLOV
Q1 26
Q4 25
2.65×
Q3 25
2.42×
Q2 25
1.66×
Q1 25
2.89×
Q4 24
0.36×
Q3 24
5.96×
Q2 24
2.07×
6.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMP
AMP

Management and financial advice fees$2.9B60%
Other$872.0M18%
Distribution fees$563.0M12%
Premiums, policy and contract charges$341.0M7%
Other revenues$166.0M3%

CLOV
CLOV

Segment breakdown not available.

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