D
Oscar Ins Corp
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 (0.8 on a scale of 0 to 10) with 113.9 million in losses in the last five years. Average return on equity has been poor at -63.9%. Weak overall results on stability tests (0.8) based on a significant -34% decrease in enrollment during the period, a steep decline in capital during 2021. Rating is significantly influenced by the weak financial results of Oscar Health Inc. Weak liquidity (2.8) as a spike in claims may stretch capacity.
Other Rating Factors: Excellent capitalization (7.7) based on good current risk-adjusted capital (severe loss scenario) reflecting significant improvement over results in 2017. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: NY
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
640
Provider Compensation ($000)
Capitation Pay
651
Fee For Service
Contractual Pay
0
Salary
0
Bonus
0
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Oscar Health Inc
Investment Rating
Company Address
75 Varick Street
New York, NY 10013
Phone Number
(646) 403-3677
NAIC Number
15281
Largest Affiliates
D
Plantation, FL - Health
D
Dallas, TX - Health
D
New York, NY - Health
D
New York, NY - Health
U
New York, NY - Health
Weiss Ratings