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April 9, 2014
11:37 EDTHIIQHealth Insurance Innovations reports 107% Q1 sales growth
Health Insurance Innovations announced record sales results for the first quarter ended March 31. The total of 57,644 submitted applications received in the first quarter represents an increase of 107% over first quarter 2013, with 56% sequential growth from fourth quarter 2013 to first quarter 2014. Submitted applications represent the number of customer applications for all types of policies sold by HII and are a non-financial measure used by management to monitor and manage the success of company new policy sales.
News For HIIQ From The Last 14 Days
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October 22, 2014
08:45 EDTHIIQHealth Insurance Innovations expects to exceed FY14 revenue guidance by over 45%
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08:44 EDTHIIQHealth Insurance Innovations increases Q3 approved applications 82% vs. 2013
Health Insurance Innovations announced that total approved applications received in Q3 increased approximately 82% compared to 3Q13. Core medical application count increased 48%, and ancillary application count increased 158%, respectively, for Q3, compared to the same quarter in 2013. Approved applications convert to insurance policies in force at a reliably high rate and drive revenue over the entire period of the policy. The resulting growth in policies in force increases revenues during both the quarter the policies are issued and in subsequent quarters. In addition,, the recently acquired health insurance search and comparison technology company, grew Q3 targeted referrals by more than double the Q2 level. Targeted customer referrals are sold by HealthPocket to insurance fulfillment partners including health insurance agencies and carriers, and are a significant source of HealthPocket's revenue.

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