Earnings release
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agilon health Exhibit 99.1 agilon health Reports Third Quarter 2021 Results Revenue growth of 47 % , driven by 43 % growth in Medicare Advantage membership Total membership growth of 83 % , including Medicare Advantage and Direct Contracting Raised 2021 guidance for membership , revenue , and Adjusted EBITDA 2022 total membership expected to grow 45 % + , with 40 % + growth in Medicare Advantage LONG BEACH , Calif . , October 28 , 2021 - agilon health , inc . ( NYSE : AGL ) , the company transforming health care for seniors by empowering primary - care physicians to focus on the entire health of their patients , announced results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Results : • Total revenue of $ 459 million increased 47 % from 2020 , driven by 43 % growth in Medicare Advantage membership and 15 % growth in same geography membership . • Total members live on the agilon platform increased 83 % on a year - over - year basis to 236,500 as of September 30 , including 184,100 Medicare Advantage members and 52,400 attributed Direct Contracting beneficiaries . • • • Net loss of $ 36 million , compared to a net loss of $ 12 million in 2020 . Medical Margin of $ 43 million , compared to $ 51 million in 2020. The year - over - year change in part reflects the impact from COVID on healthcare utilization in the prior year quarter . Adjusted EBITDA of negative $ 14 million , compared to positive $ 2 million in 2020 . " Our third quarter performance and updated guidance demonstrates the power of our constantly improving platform and high - touch , high - visibility partnership model to shape the healthcare journey of senior patients and deliver predictable , quality outcomes , " said Steve Sell , Chief Executive Officer . " With the continued momentum of the agilon network , we expect our total membership in 2022 will increase by more than 45 % , as we foresee faster growth in new and existing geographies . We are excited to support the continued expansion of a high - value primary - care model in a growing number of geographies , which will positively impact patients , physicians and communities . " Outlook for Fiscal Year 2021 : Year Ending December 31 , 2021