Oscar Health Inc. (OSCR) Reports Q1 Loss of $0.98 on Revenues of $369.39M

May 13, 2021 4:38 PM EDT
Get Alerts OSCR Hot Sheet
Price: $23.48 +0.56%

Today's EPS Names:
MEI, AIH, IPW, More
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Oscar Health Inc. (NYSE: OSCR) reported Q1 EPS of ($0.98), versus ($3.36) reported last year. Revenue for the quarter came in at $369.39 million, versus $88.1 million reported last year.

For the quarter ended March 31, 2021:

  • Direct policy premiums of $820.8 million, a 43.5% increase YoY
  • Premiums earned of $368.5 million, a 332.5% increase YoY
  • Medical Loss Ratio of 74.4%, improved 670 bps YoY
  • InsuranceCo Administrative Expense Ratio of 19.8%, improved 380 bps YoY
  • InsuranceCo Combined Ratio of 94.2%, improved 1040 bps YoY
  • Net loss of $(87.4) million, improved $9.5 million YoY and Adjusted EBITDA of $(26.3) million, improved $59.9 million YoY

“Our first quarter results show that our model is delivering value to the market, our provider partners and to our members,” said Mario Schlosser, CEO and Co-Founder of Oscar. “We achieved very attractive first quarter growth, while simultaneously lowering our medical loss ratio and administrative cost ratio year-over-year. This trend, coupled with the recent launch of +Oscar, positions our company well for continued sustainable growth and improving profitability.”

For earnings history and earnings-related data on Oscar Health Inc. (OSCR) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings, Management Comments

Related Entities

Earnings