Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with 239.2 million in losses in the last five years. Average return on equity has been extremely poor. Good overall results on stability tests (5.2) despite inconsistent enrollment growth in the past five years due to declines in 2019 and 2021, excessive capital growth during 2022. Excellent capitalization (7.7) based on excellent current risk-adjusted capital (severe loss scenario) reflecting improvement over results in 2020.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
AR, CO, IA, KS, MI, MO, NE, NV, OK, TN, TX, VA
Principal Enrollment Breakdown:
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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
Oscar Health Inc
Investment Rating
Company Address
75 Varick Street
New York, NY 10013
New York, NY 10013
Phone Number
(646) 403-3677
NAIC Number
15777
Website
Largest Affiliates