In 2022, the most prominent insurtechs — Bright Health, Oscar Health, and Clover Health — saw combined losses that totaled $2.35 billion.
Bright Health reported a net loss of $1.4 billion in 2022, compared to a $1.2 billion loss a year prior.
Oscar Health recorded a net loss of $606 million in 2022, compared to a net loss of $572 million in 2021.
Clover Health posted a $339 million net loss in 2022, compared to a $588 million loss in 2021.
