Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with modest operating losses during 2020, 2021, 2022 and 2023. Fair overall results on stability tests (4.6) based on a significant -22% decrease in enrollment during the period. Rating is significantly influenced by the weak financial results of Oscar Health Inc. Excellent capitalization index (7.1) based on excellent current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (9.7) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (9.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
NC
Principal Enrollment Breakdown:
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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
16852
Website
Largest Affiliates