Oscar Health

“Oscar on Thursday reported second quarter net income of $361.8 million, or $1.10 per share, compared to a loss of $228.4 million, or a loss of 89 cents a share, in the second quarter of last year.”

“For the first six months of this year, Oscar reported net income of $1.04 billion, or $3.16 per share, compared to just $46.9 million, or 17 cents a share, in the first six months of 2025.”

“Oscar’s revenues jumped 70% year over year to $4.9 billion in the second quarter.”

“Oscar, which has grown to 2.9 million health plan members from a little more than 2 million a year ago, is one of the nation’s largest providers of individual coverage under the Affordable Care Act.”

“Oscar reported its medical loss ratio, which is the percentage of health plan premium spent on medical care, decreased to 79.2% in the second quarter of this year compared to to 91.1% for the second …”

“The decrease was primarily driven by our disciplined pricing strategy and $164 million of favorable prior period reserve development.”