Oscar Health Q2 2022: revenue up 88% YoY to $995M, net loss widens to $112M; reaffirms FY22 outlook

Oscar Health, Inc.

2022-Q2 EPS reported -$0.89 revenue$1,990,084,000

Membership 1,036,720 (+84% YoY); Direct & Assumed Premiums $1.7B (+101%).
Premiums earned $995M (+88%); MLR 82.2% (down 20 bps YoY).
Net loss $112M (vs $73M loss in Q2'21); Adj. EBITDA loss $76M (vs $51M).
InsuranceCo Combined Ratio improved 50 bps YoY to 101.7%.
Reaffirmed 2022 guidance: Direct Premiums $6.1-6.4B, MLR 84-86%, Adj. EBITDA loss $480-380M.

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