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Jun 30, 2023
Oscar Health Q2 2023 Earnings Report
Oscar Health's financial performance demonstrated pricing discipline, renewed operational focus, and solid execution.
Key Takeaways
Oscar Health, Inc. reported strong financial results for the second quarter ended June 30, 2023. Premiums earned increased by 48% year-over-year, and the net loss improved by $96.7 million year-over-year. The company is reaffirming its full year 2023 outlook.
Direct and Assumed Policy Premiums of $1.6 billion, a 3% decrease YoY
Premiums earned of $1.5 billion, a 48% increase YoY
Medical Loss Ratio of 79.9%, a 230 bps improvement YoY
Net loss of ($15.4) million, an improvement of $96.7 million YoY
Oscar Health
Oscar Health
Forward Guidance
Oscar is reaffirming its full year 2023 outlook across all metrics.