United Kingdom

Health Insurance Innovations sees Q3 adjusted earnings per share of $0.44 to $0.46

Monday, 16 Oct 2017 

Oct 16 (Reuters) - Health Insurance Innovations Inc :Health Insurance Innovations Inc announces record preliminary third quarter 2017 results.Sees Q3 2017 adjusted earnings per share $0.44 to $0.46.Sees Q3 2017 GAAP earnings per share $0.26 to $0.30.Sees Q3 2017 revenue $62.3 million to $63.3 million.Sees Q3 2017 revenue up about 35 to 37 percent.Health Insurance Innovations - board of directors has authorized repurchase of up to $50 million of company's class a common stock through October 2019​.Q3 earnings per share view $0.35, revenue view $54.8 million -- Thomson Reuters I/B/E/S.Health Insurance - ‍repurchases under program will be funded from one or combination of existing cash balances, future free cash flow, indebtedness​.Health Insurance Innovations - ‍on Sept 29, co, Florida Office of Insurance Regulation entered into a mutual consent order.Health Insurance Innovations Inc - ‍the mutual consent order was relating to the company's third-party insurance administrator application in Florida​.Health Insurance - ‍pursuant to consent order on Oct 2 Florida division of administrative hearings granted motion to dismiss co's petition.Health Insurance - co's petition contested OIR's prior TPA license denial and cancelling hearing on company's appeal of denial​.Health Insurance Innovations - ‍on Oct 4, Florida office of insurance regulation​ withdrew its denial of company's TPA license application in Florida.