secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001568651-22-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health Q1 membership up 98% to 1.07M; net loss narrows to $77M
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- Direct and Assumed Policy Premiums $1.68B (+104% YoY); Premiums earned $955M (+159% YoY).
- Medical Loss Ratio 77.4% (up 300 bps YoY); InsuranceCo Combined Ratio 97.2% (up 300 bps).
- Net loss of $77M improved $12M YoY; Adjusted EBITDA loss $37M worsened $9M YoY.
- Adjusted Administrative Expense Ratio improved 220 bps to 23.8% on operating leverage.
- Reaffirmed FY2022 outlook: DAPP $6.1-6.4B, MLR 84-86%, Adj. EBITDA loss $380-480M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000156865122000019/0001568651-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000156865122000019/oscr-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001568651-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer