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Mar 31, 2022
Oscar Health Q1 2022 Earnings Report
Oscar Health's financial performance reflected strong momentum and ongoing ability to leverage technology to drive top line growth and improve efficiencies.
Key Takeaways
Oscar Health announced its Q1 2022 financial results, showing significant growth in premiums and membership. The company reported a net loss of $77 million but reaffirmed its 2022 outlook across all metrics.
Membership as of March 31, 2022 reached 1,073,595, a 98% increase YoY.
Direct and assumed policy premiums were $1.7 billion, a 104% increase YoY.
Premiums earned totaled $955 million, a 159% increase YoY.
Net loss was $77 million, a decrease of $12 million YoY.
Forward Guidance
Oscar is reaffirming its 2022 outlook across all metrics.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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