Oscar Health Inc. (OSCR) Misses Q1 EPS by 15c
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Oscar Health Announces Results for First Quarter 2022
May 10, 2022 4:05 PM EDTMembership as of March 31, 2022 of 1,073,595, a 98% increase YoY For the quarter ended March 31, 2022: Direct and assumed policy premiums of $1.7 billion, a 104% increase YoY Premiums earned of $955 million, a 159% increase YoY Medical Loss Ratio of 77.4%, increased 300 bps YoY InsuranceCo Administrative Expense Ratio of 19.8%, was flat YoY InsuranceCo Combined Ratio of 97.2%, increased 300 bps YoY Adjusted Administrative Expense Ratio of 23.8%, improved 220 bps YoY Net loss of $77 million, a decrease of $12 million YoY; Adjusted EBITDA loss of $37 million, an increase of $9 million... More
