TAMPA, Fla., March 21, 2019 (GLOBE NEWSWIRE) -- Health Insurance Innovations, Inc. (NASDAQ:HIIQ), a leading cloud-based technology platform and distributor of affordable health insurance, life insurance and supplemental plans, today announced that President & CEO Gavin Southwell presented a Key Note address at Insurtech Insights – Europe’s largest Insurtech conference on how HIIQ uses data and technology to successfully deliver value to consumers.
“HIIQ is helping individuals and their families in America by providing affordable solutions that meet their demands and needs, all whilst achieving market leading consumer satisfaction,” Southwell said.
Mr. Southwell highlighted the new mobile application for MyBenefitsKeeper, which allows members to have access at their fingertips to critical features like the ability to speak with a doctor over the phone or video conference, update payment information and search for a doctor in the member’s area.
He also discussed how the operational improvements in compliance and customer service, since he became CEO in 2016, have been recognized by a recent Multi-State regulatory review. The review has been closed without any issues identified and without payment of any fine or penalty.
“Rightly so, health insurance is very highly regulated at a state and federal level and we are very satisfied that the most detailed regulatory review possible conducted over a multi-year period, and covering all aspects of our business identified no issues, and has allowed us the opportunity to work with regulators to continue to strengthen our controls,” concluded Mr. Southwell.
2019 Full Year Guidance
The Company recently provided its annual 2019 guidance for revenue in the range of $430 million to $440 million, adjusted EBITDA in the range of $72.0 million to $77.0 million and adjusted net income per share in the range of $3.15 to $3.30.
The Company has repurchased $45.3 million of HIIQ shares in the open market in 2019 and believes HIIQ’s shares continue to represent a compelling value at current levels given the size of the market opportunities we are pursuing and our track record of delivering strong growth in revenues and earnings.
About Health Insurance Innovations, Inc. (HIIQ)
Health Insurance Innovations, Inc. (HIIQ) is a market leading cloud-based technology platform and distributor of innovative health insurance products that are affordable and meet the needs of health insurance plan consumers. HIIQ helps develop insurance products through our relationships with best-in-class insurance companies and markets them via its broad distribution network of third-party licensed insurance agents across the nation, its call center network and its unique online capability. Additional information about HIIQ can be found at HiiQ.com. HIIQ’s Consumer Division includes AgileHealthInsurance.com, a website for researching, comparing and purchasing short-term health insurance products online, and HealthPocket.com, a free website that compares and ranks all health insurance plans and uses objective data to publish unbiased health insurance market analyses and other consumer advocacy research.
Health Insurance Innovations, Inc.:
Michael Hershberger
Chief Financial Officer
(813) 397-1187
mhershberger@hiiquote.com
Investor Contact:
John Evans
PIR Communications
(415) 309-0230
john@petrusir.com