Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2019, 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -97.6%. Good overall results on stability tests (5.6) despite rapid premium growth over the last five years, a decline in enrollment during 2023. Excellent capitalization (8.4) 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 (7.5) with ample operational cash flow and liquid investments.
Principal Lines of Business:
--
Licensed in:
AR, CO, IA, KS, MI, MO, NE, NV, OK, TN, TX, VA
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
--
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