D
Oscar Ins Co Florida
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 (1.1 on a scale of 0 to 10) with 150.9 million in losses in the last four years. Good overall results on stability tests (6.8) based on healthy premium and capital growth during 2021. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent capitalization index (10.0) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business: --
Licensed in: FL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
118
Provider Compensation ($000)
Capitation Pay
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
1200 South Pine Island Road
Plantation, FL 33324
Phone Number
(646) 403-3677
NAIC Number
16374
Largest Affiliates
D
Dallas, TX - Health
D
New York, NY - Health
D
New York, NY - Health
D
New York, NY - Health
U
New York, NY - Health
Weiss Ratings