---
schema_version: "secwatch.filing_event.v1"
accession: "0001568651-23-000054"
form_type: "8-K"
ticker: "OSCR"
cik: "0001568651"
company_name: "Oscar Health, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T15:13:19.924899+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Oscar Health Q3 net loss narrows to $65.7M; raises 2023 EBITDA outlook; new +Oscar deal

## Summary
- Net loss of $65.7M vs $193.5M loss YoY; Adjusted EBITDA loss of $20.3M vs $159.8M loss YoY.
- Medical Loss Ratio improved 608 bps to 83.8%; InsuranceCo Combined Ratio improved 934 bps to 101.3%.
- Raises 2023 InsuranceCo Adj EBITDA guidance to $155M-$165M (from $20M-$120M); consolidated Adj EBITDA loss to ($60M)-($50M).
- New multi-year +Oscar agreement with Sanford Health Plan for member engagement technology.
- Direct and Assumed Policy Premiums $1.6B, down 5% YoY; Premiums earned $1.4B, up 46% YoY.

## SEC filing metadata
- accession: 0001568651-23-000054
- form_type: 8-K
- ticker: OSCR
- cik: 0001568651
- company_name: Oscar Health, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568651/000156865123000054/0001568651-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568651/000156865123000054/oscr-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001568651-23-000054
- JSON: https://secwatch.observer/filing/0001568651-23-000054.json
- Plain text: https://secwatch.observer/filing/0001568651-23-000054.txt

## Key facts
- Earnings Releases
  Oscar Health, Inc. reported the quarter ended September 30, 2023 results: net income Net loss of $65.7 million. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Net income: Net loss of $65.7 million
  - Guidance: raised
  - Result: reported results
  source text: Oscar Health, Inc. (the “Company”) announced the Company’s financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568651/000156865123000054/0001568651-23-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.