secwatch.observer — SEC 8-K summary
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Issuer:     Oscar Health, Inc. (OSCR)
CIK:        0001568651
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001568651-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oscar Health posts FY2023 net loss $271M; 2024 adjusted EBITDA guidance positive $125M-$175M
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- FY2023 Direct and Assumed Policy Premiums $6.6B (-3% YoY); Premiums earned $5.7B (+47% YoY).
- Medical Loss Ratio improved 370 bps to 81.6%; InsuranceCo Combined Ratio 99.5% (640 bps improvement).
- Net loss $271M improved $339M YoY; Adjusted EBITDA loss $45M improved $417M YoY.
- Membership 1,036,283 as of Dec 31, 2023, down from 1,151,483 a year ago.
- 2024 guidance: Total Revenue $8.3B-$8.4B; MLR 80.2%-81.2%; Adj. EBITDA $125M-$175M (positive).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568651/000156865124000004/0001568651-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568651/000156865124000004/oscr-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001568651-24-000004

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