• Oscar Health average return on tangible equity for 2023 was -42.93, a 4.2% decline from 2022.
• Oscar Health average return on tangible equity for 2022 was -44.81, a 6.18% decline from 2021.
• Oscar Health average return on tangible equity for 2021 was -47.76, a 86.83% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.