Oscar Health Inc. (OSCR) Reports Q2 Loss of $0.35, Policy Premiums Rise 44.4%
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Oscar Health Announces Results for Second Quarter 2021
August 12, 2021 4:30 PM EDTMembership as of June 30, 2021 of 563,114, a 34.9% increase YoY For the quarter ended June 30, 2021: 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
NEW YORK--(BUSINESS WIRE)-- Health insurtech company Oscar Health, Inc.... More
