Financials – Oscar

Oscar has recently partnered with multinational insurer AXA! It’s a great indicator of Oscar’s solid financials, and we’re excited to continue to grow.

You can learn more by reading about it here, or by following along in the notes below:

Why did Oscar pursue a quota share deal with AXA?

  • All health insurers are required to hold a certain percentage of its premiums as “reserves” so that regulators can ensure that carriers have enough money to pay their future claims.
  • With the AXA deal, Oscar will cede 50% of it’s premiums/claims to AXA, which will free up 50% of its capital requirements
  • We expect that the deal will free up nearly $100 million in capital over the next few years, providing capital relief as we continue to grow

I’m also thrilled to report that we’ve enrolled over 250k members across six states, and expect to generate $1 billion in revenue in 2018. Learn more below:

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