External Market ConditionsDespite ex-California markets growing faster, Alignment Healthcare expects California to drive over 50% of total net member growth due to recent success.
Industry ChallengesRising MLRs and stalling membership growth at peers create a challenging environment, even as Alignment Healthcare shows strong results.
Market SentimentInvestors remain somewhat cautious on managed care names following the first-quarter earnings cycle, especially given recent hiccups at larger-cap MA plans.