Oscar Health Inc. (OSCR) Q3 direct policy premiums rise 53%
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Oscar Health Announces Results for Third Quarter 2021
November 10, 2021 4:05 PM ESTMembership as of September 30, 2021 of 594,284, a 41% increase YoY For the quarter ended September 30, 2021: Direct policy premiums of $895.4 million, a 53.1% increase YoY Premiums earned of $441.7 million, a 345.6% increase YoY Medical Loss Ratio of 99.7%, increased 920 bps YoY InsuranceCo Administrative Expense Ratio of 23.1%, increased 70 bps YoY InsuranceCo Combined Ratio of 122.8%, increased 990 bps YoY Net loss of $212.7 million, an increase of $133.6 million YoY; Adjusted EBITDA loss of $188.7 million, an increase of $117.7 million YoY
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NEW YORK--(BUSINESS WIRE)-- Health insurtech company Oscar Health, Inc. (NYSE:... More
