Overview
- Oscar Health, which released results Wednesday, posted $679 million in net income and $2.07 in adjusted EPS that topped analyst estimates.
- Revenue reached about $4.65 billion, up 53% year over year, as membership rose to roughly 3.17 million across individual and small-group plans.
- The medical loss ratio fell to 70.5% from 75.4% a year earlier, reflecting disciplined pricing and $68 million in favorable reserve development.
- Management reaffirmed its full-year 2026 outlook across all metrics, and the stock jumped nearly 11% in premarket trading after the release.
- Expansion into Alabama and Mississippi brought coverage to 20 states, giving more Affordable Care Act shoppers local plan options and broader networks.