secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001568651-23-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health Q2 2023: net loss narrows to $15.4M; Adj EBITDA turns positive at $35.6M; CFO Blackley appointed
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- Net loss of $15.4M improved $96.7M YoY; Adjusted EBITDA $35.6M vs -$75.8M YoY.
- MLR improved 230 bps YoY to 79.9%; InsuranceCo Combined Ratio improved 500 bps to 96.7%.
- Premiums earned $1.5B (+48% YoY); Direct and Assumed Policy Premiums $1.6B (-3% YoY).
- Full-year 2023 guidance tightened: MLR towards low-end of 82-84%, Adj EBITDA towards high-end of -$175M to -$75M.
- R. Scott Blackley returns as CFO effective Aug 14; Sid Sankaran steps down but stays on Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000156865123000043/0001568651-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000156865123000043/oscr-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001568651-23-000043

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