Brief: Oscar Health Announces Third Quarter 2023 Results And Raises Full Year 2023 Adj EBITDA Outlook New +Oscar Agreement

Oscar Health

07/11/2023 11:03

Nov 7 (Reuters) - Oscar Health Inc  OSCR.N :
    * OSCAR HEALTH ANNOUNCES RESULTS FOR THIRD QUARTER 2023 AND
RAISES
FULL YEAR 2023 ADJUSTED EBITDA OUTLOOK; NEW +OSCAR AGREEMENT
    * OSCAR HEALTH INC - RAISES FULL YEAR 2023 ADJUSTED EBITDA
OUTLOOK
    * OSCAR HEALTH INC SEES FY DIRECT AND ASSUMED POLICY
PREMIUMS AT
HIGH-END OF $6.4 BILLION - $6.6 BILLION RANGE
    * OSCAR HEALTH INC SEES FY MEDICAL LOSS RATIO AT LOW-END OF
82% -
84% RANGE
    * OSCAR HEALTH INC SEES FY ADJUSTED EBITDA LOSS OF $60
MILLION -
$50 MILLION
    * OSCAR HEALTH - WELL-POSITIONED TO DELIVER $155 MILLION -
$165
MILLION OF PROFIT IN INSURANCE BUSINESS IN FY, ACHIEVE TOTAL
ADJUSTED EBITDA PROFITABILITY IN 2024

Source text for Eikon:  ID:nBw69YznWa 
Further company coverage:  OSCR.N 

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