Oscar Health Q2 2022 Earnings Report
Key Takeaways
Oscar Health announced its Q2 2022 financial results, highlighted by an 84% year-over-year increase in membership, reaching 1,036,720. The company reported premiums earned of $995 million, an 88% increase YoY, and a net loss of $112 million, which increased by $39 million YoY. Oscar Health is reaffirming its 2022 outlook across all metrics and remains focused on achieving profitability for its Insurance product in 2023.
Membership reached 1,036,720 as of June 30, 2022, an 84% increase year-over-year.
Direct and assumed policy premiums totaled $1.7 billion, a 101% increase year-over-year.
Premiums earned were $995 million, up 88% year-over-year.
Net loss was $112 million, an increase of $39 million year-over-year.
Oscar Health
Oscar Health
Forward Guidance
Oscar Health reaffirmed its 2022 outlook across all metrics.