Oscar Health Inc. (NYSE: OSCR) reported Q2 EPS of ($0.35), versus ($1.42) reported last year. Revenue for the quarter came in at $529.28 million, versus $115.33 million reported last year.

• Direct policy premiums of $838.1 million, a 44.4% increase YoY
• Premiums earned of $528.2 million, a 364.3% increase YoY
• Medical Loss Ratio of 82.4%, increased 2170 bps YoY
• InsuranceCo Administrative Expense Ratio of 19.8%, improved 330 bps YoY
• InsuranceCo Combined Ratio of 102.2%, increased 1840 bps YoY
• Net loss of $(73.1) million, an increase of $32.1 million YoY; Adjusted EBITDA loss of $(50.4) million, an increase of $21.6 million YoY

“Our second quarter results tell a clear story: that our member-centric, tech-first approach to health care, continues to generate market demand and value for our members and +Oscar clients,” said Mario Schlosser, CEO and Co-Founder of Oscar. “With membership steadily increasing, we’re well-positioned on our path towards profitability for our Insurance business. We look forward to building upon this momentum in 2022 by entering three new states and 146 counties.1 For +Oscar, we are actively driving growth through a robust and active pipeline.”

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