Dear Etirans, 02/08/24
Dear Etirans, 02/08/24
Copier : 2
Followers : 20
$OSCR is up to 24% today !
Presenter Speech. Mark Bertolini (Executives)
We have made major progress towards achieving these priorities. We closed out 2023 with another strong quarter, driving financial performance for the full year and achieving the first of our priorities. The insurance company generated $169 million of adjusted EBITDA profitability in 2023, a milestone Oscar committed to in early 2022. Our medical loss ratio improved 370 basis points year-over-year to 81.6%, below the low end of our guidance range.
Total company adjusted EBITDA improved by $417 million versus the prior year to a loss of $45 million. Our strong momentum positions us well to achieve the second priority I mentioned, total company adjusted EBITDA profitability in 2024.