Alan, a health insurance company, serves 700,000 customers and reported €505 million in revenue for 2024. Despite its billion-dollar valuation and startup-like growth, it faces challenges with net losses. Alan seeks breakeven on claims and premiums with a fee structure of 12-14% for additional services. The company aims for profitability by 2026, showing solid scaling in distribution with stable team growth. Its strategic partnerships in France and Belgium highlight its expansion efforts.
Alan's model is focused on achieving a breakeven claims-to-premiums ratio, taking a 12% to 14% cut for added services, indicating a sustainable business strategy.
While Alan is valued at $4.5 billion and maintains a strong revenue growth, it still faces challenges with net losses, having registered €54 million in 2024.
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