secwatch.observer — SEC 8-K summary
======================================

Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001568651-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health reports FY 2022 net loss $610M; guides 2023 to near breakeven adjusted EBITDA
--------------------------------------------------------------------------------

- Full-year 2022 premiums earned $3.9B, up 111% YoY; Direct & Assumed Policy Premiums $6.8B, up 99%.
- Membership reached 1,151,483 as of Dec 31, 2022, a 93% increase YoY, led by Individual & Small Group.
- Medical Loss Ratio improved 360 bps to 85.3%; InsuranceCo Combined Ratio improved 490 bps to 105.8%.
- 2023 outlook: Direct & Assumed Policy Premiums $6.4B-$6.6B, InsuranceCo Combined Ratio ≤100%.
- Guides FY 2023 Adjusted EBITDA loss of ($175M)-($75M), significantly improved from ($462M) in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000156865123000006/0001568651-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000156865123000006/oscr-20230209.htm
  HTML page:      https://secwatch.observer/filing/0001568651-23-000006

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