Oscar Health reports first-ever positive net income of $25.4M in 2024; appoints new insurance president

Oscar Health, Inc.

2024-FY EPS reported $0.10 revenue$9,177,564,000

Total Revenue $9.2B (+56.5% YoY); Net income $25.4M ($0.10 diluted EPS) vs loss of $270.7M in 2023.
Adjusted EBITDA $199.2M, a $244.5M improvement YoY, marking first year of profitability on this metric.
2025 guidance: Revenue $11.2-11.3B, MLR 80.7-81.7%, SG&A 17.6-18.1%, Earnings from Operations $225-275M.
Janet Liang appointed EVP & President of Oscar Insurance, effective Feb 24, 2025; COO Steven Wolin resigned.
Membership grew to 1.68M (+62% YoY); Individual & Small Group members 1.64M.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Janet Liang

EVP and President of Oscar Insurance

OSCR · Oscar Health, Inc.

Effective: 2025-02-24
Filed: February 4, 2025, 6:59 PM ET

appointed Janet Liang as EVP and President of Oscar Insurance, effective February 24, 2025.

Departed

Steven Wolin

EVP and Chief Operating Officer

OSCR · Oscar Health, Inc.

Effective: 2025-02-05
Filed: February 4, 2025, 6:59 PM ET

Steven Wolin resigned as EVP and Chief Operating Officer of the Company, effective as of February 5, 2025.

Departed

Alessandrea Quane

EVP, Chief Insurance Officer

OSCR · Oscar Health, Inc.

Effective: 2025-02-24
Filed: February 4, 2025, 6:59 PM ET

Alessandrea Quane, the Company’s EVP, Chief Insurance Officer, will cease serving in this role effective as of February 24, 2025 and her employment with the Company and Oscar Management Corporation (“OMC”) will terminate effective as of March 3, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Janet Liang was appointed as EVP and President of Oscar Insurance at Oscar Health, Inc..

Action: appointed
Role: EVP and President of Oscar Insurance

Exact text from the filing

appointed Janet Liang as EVP and President of Oscar Insurance, effective February 24, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Wolin resigned as EVP and Chief Operating Officer at Oscar Health, Inc..

Action: resigned
Role: EVP and Chief Operating Officer

Exact text from the filing

Steven Wolin resigned as EVP and Chief Operating Officer of the Company, effective as of February 5, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alessandrea Quane departed as EVP, Chief Insurance Officer at Oscar Health, Inc..

Action: cease serving
Role: EVP, Chief Insurance Officer

Exact text from the filing

Alessandrea Quane, the Company’s EVP, Chief Insurance Officer, will cease serving in this role effective as of February 24, 2025 and her employment with the Company and Oscar Management Corporation (“OMC”) will terminate effective as of March 3, 2025.

View on SEC.gov

Oscar Health, Inc. filing history →

Source: SEC EDGAR

accession 0001568651-25-000005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.