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

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

Oscar Health Announces Results for First Quarter 2021

May 13, 2021 4:05 PM EDT

Membership as of March 31, 2021 of 542,220, a 28.9% increase YoY 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

NEW YORK--(BUSINESS WIRE)-- Health insure-tech company Oscar Health, Inc. (NYSE:... More