Oscar Health Inc. (OSCR) Q3 direct policy premiums rise 53%

Oscar Health Inc. (NYSE: OSCR) reported Q3 EPS of ($1.02), $0.36 worse than the analyst estimate of ($0.66). Revenue for the quarter came in at $443.98 million, versus $101.7 million reported last year.

• Direct policy premiums of $895.4 million, a 53.1% increase YoY
• Premiums earned of $441.7 million, a 345.6% increase YoY
• Medical Loss Ratio of 99.7%, increased 920 bps YoY
• InsuranceCo Administrative Expense Ratio of 23.1%, increased 70 bps YoY
• InsuranceCo Combined Ratio of 122.8%, increased 990 bps YoY
• Net loss of $212.7 million, an increase of $133.6 million YoY; Adjusted EBITDA loss of $188.7 million, an increase of $117.7 million YoY

For earnings history and earnings-related data on Oscar Health Inc. (OSCR) click here.

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