secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001568651-22-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health Q3: Net loss $194M, membership up 81%; CFO transition announced, targets 2024 profitability
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- Membership of 1,075,445 as of Sep 30, 2022, up 81% YoY; premiums earned $954M, up 116% YoY.
- Net loss of $194M improved $18M YoY; Adjusted EBITDA loss of $160M improved $28M YoY.
- Medical Loss Ratio improved 980 bps to 89.9%; InsuranceCo Combined Ratio improved 1,220 bps to 110.6%.
- FY2022 guidance updated: Direct and Assumed Policy Premiums $6.7-6.9B; Adjusted EBITDA loss modestly above $480M high-end.
- CFO R. Scott Blackley transitions to Chief Transformation Officer; Sid Sankaran returns as Interim CFO effective Dec 1, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000156865122000054/0001568651-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000156865122000054/oscr-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001568651-22-000054

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