If US law mandates that the MLR is 80%, doesn't that put a upper limit on the amount of profit that it can generates per customer? Also $OSCR is a US only company. Nothing wrong with that, but it's not a $HIMS or $NFLX or $SPOT right?
It's not going to "disrupt" insurance in the UK where the NHS is there.
The insurance industry does fetch a p/s of more than 1 or 2 at steady state and oscars growth is also tapered to 20% for next few years. I am not sure what would have to change for it get a P/S of 8-10. The max I can think of is 2-3 p/s which would be stretching the valuation.
Antonio, with a potential upside that huge (20X +) as stated in your deep dive, isn’t this still an easy investment, maybe a small position, even with the political uncertainty as opposed to not investing at all?
If US law mandates that the MLR is 80%, doesn't that put a upper limit on the amount of profit that it can generates per customer? Also $OSCR is a US only company. Nothing wrong with that, but it's not a $HIMS or $NFLX or $SPOT right?
It's not going to "disrupt" insurance in the UK where the NHS is there.
The insurance industry does fetch a p/s of more than 1 or 2 at steady state and oscars growth is also tapered to 20% for next few years. I am not sure what would have to change for it get a P/S of 8-10. The max I can think of is 2-3 p/s which would be stretching the valuation.
Antonio, with a potential upside that huge (20X +) as stated in your deep dive, isn’t this still an easy investment, maybe a small position, even with the political uncertainty as opposed to not investing at all?
Thanks 🙏
Thanks for the deep dive. Awesome