E
Oscar Health Plan of CA
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
--
Net
Income
--
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Major Rating Factors: Weak profitability index (0.0 on a scale of 0 to 10) with 226.8 million in losses in the last five years. Average return on equity has been poor at -46.0%. Weak capitalization index (0.0) based on weak current risk-adjusted capital (severe loss scenario). Weak overall results on stability tests (0.6) based on rapid enrollment growth during the past five years, poor risk diversification due to the size of the company's affiliate group and rapid premium growth over the last five years.
Other Rating Factors: Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: CA
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
--
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
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Member Physicians
--
Enrollment
Total Patient Encounters
Physician
--
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
4551 Glencoe Avenue
Marina Del Rey, CA 90292
Phone Number
(855) 672-2755
NAIC Number
--
Largest Affiliates
No affiliate information available.
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