Item 2.02. Results of Operations and Financial Condition.
2022 Outlook Affirmation
Oscar Health, Inc. (the "Company") will participate in the 41st Annual J.P.
Morgan Healthcare Conference (the "JPM Conference") on January 11, 2023. At the
JPM Conference, the Company will reaffirm the updated full year 2022 guidance
that it provided in its financial results press release for the third quarter of
2022 dated November 8, 2022. The Company will also reaffirm its 2023
profitability target for the Company's InsuranceCo and provide an interim update
on membership from the 2023 open enrollment period. The Company expects to
present at the JPM Conference at approximately 5:15 PM PT (8:15 PM ET), and the
presentation will be available through a virtual webcast. The presentation
materials can be found on the investor relations page of the Company's website
(ir.hioscar.com), along with instructions for accessing the webcast (as
previously provided through a news wire release on December 22, 2022).
This information shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as expressly set forth by specific
reference in any such filing.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact contained herein are forward-looking
statements. These statements include, but are not limited to, statements about
our expected financial performance and upcoming events and presentations.
Accordingly, we caution you that any such forward-looking statements are not
guarantees of future performance and are subject to risks, assumptions, and
uncertainties that are difficult to predict and generally beyond our control.
Although management believes that the expectations reflected in these
forward-looking statements are reasonable as of the date made, there are or will
be important factors that could cause our actual results to differ materially
from those indicated in these forward-looking statements, including, but not
limited to, the factors set forth under the caption "Risk Factors" in our
Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022,
filed with the Securities and Exchange Commission ("SEC"), and our other filings
with the SEC. You are cautioned not to place undue reliance on any
forward-looking statements made herein. Any forward-looking statement speaks
only as of the date as of which it is made, and, except as otherwise required by
law, we do not undertake any obligation to publicly update or review any
forward-looking statement, whether as a result of new information, future
developments or otherwise. New factors emerge from time to time, and it is not
possible for us to predict which will arise.
Financial Disclosure Advisory
The preliminary 2022 financial results that the Company intends to discuss at
the JPM Conference are estimates and represent the most current information
available to the Company's management, as financial closing procedures for the
fourth quarter and fiscal year ended December 31, 2022 are not yet complete. The
Company expects that its actual results to be reported in its Annual Report on
Form 10-K for the year ended December 31, 2022 will not differ materially from
the preliminary results, however, these results are subject to change following
the completion of year-end accounting procedures and adjustments, including the
execution of the Company's internal control over financial reporting, the
completion of the preparation and audit of the Company's financial statements
and the subsequent occurrence or identification of events prior to the formal
issuance of the audited financial statements for fiscal year 2022.
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