Oscar Health Inc. (OSCR) Misses Q2 EPS by 5c

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Go back to Oscar Health Inc. (OSCR) Misses Q2 EPS by 5c

Oscar Health Announces Results for Second Quarter 2022

August 11, 2022 4:05 PM EDT

Membership as of June 30, 2022 of 1,036,720, an 84% increase YoY For the quarter ended June 30, 2022: Direct and assumed policy premiums of $1.7 billion, a 101% increase YoY Premiums earned of $995 million, a 88% increase YoY Medical Loss Ratio of 82.2%, decreased 20 bps YoY InsuranceCo Administrative Expense Ratio of 19.5%, decreased 30 bps YoY InsuranceCo Combined Ratio of 101.7%, decreased 50 bps YoY Adjusted Administrative Expense Ratio of 23.7%, decreased 140 bps YoY Net loss of $112 million, an increase of $39 million YoY; Adjusted EBITDA loss of $76 million, an increase of $25 million... More