Oscar Health Q4 2021 Earnings Report
Key Takeaways
Oscar Health, Inc. announced its financial results for the fourth quarter and year ended December 31, 2021. The company had a strong performance in Q4 2021, meeting or exceeding expectations across key metrics. Membership as of December 31, 2021 was 598,169, a 49% increase YoY.
Membership as of December 31, 2021 of 598,169, a 49% increase YoY
Direct and assumed premiums for 2021 were $3,437 million, a 50% increase YoY
Premiums earned for 2021 increased 302% YoY, driven by membership growth and lower quota share cession rates in 2021 compared to 2020.
Reaffirming 2022 outlook, including direct and assumed policy premiums of $6.1 - $6.4 billion, which would represent a more than 80% YoY increase, at the midpoint
Oscar Health
Oscar Health
Forward Guidance
Oscar is reaffirming its 2022 outlook across all metrics, including direct and assumed policy premiums of $6.1 billion - $6.4 billion, an increase of more than 80% YoY, at the midpoint, and InsuranceCo Combined Ratio of 104% - 106%, an improvement of 570 bps, at the midpoint.