Health Insurance Innovations, Inc. Reports Record 4th Quarter & Fiscal 2017 Financial & Operating Results
4th Quarter 2017 Consolidated Financial HighlightsRecord revenue was $69.five mn, compared to $51.four mn in the 4th quarter of 2016, an promote of 35.two%. Record adjusted EBITDA was $ten.five mn, compared to $eight.nine mn in the 4th quarter of 2016, an promote of 18.0%. Adjusted EBITDA is EBITDA adjusted for items which aren't portion of regular operating activities, including tax receivable adjustments, severance, restructuring costs, & other non-cash items like stock-based compensation. A reconciliation of Internet revenue to adjusted Internet revenue per share is involved within this press release. Adjusted Internet revenue per share is computed with dividing adjusted Internet revenue with the total number of diluted Class A & Class B shares of our popular stock for each period.Voluntary Health Insurance Scheme to be released following year
referring to Voluntary Health Insurance Scheme to be released following yearThe Voluntary Health Insurance Scheme (VHIS), that has been under discussion for various years, is Eventually Determine to materialize, the Hong Kong Economic Journal reports. Those who purchase eligible health insurance products for themselves or their dependents under the scheme could deduct the paid premium from their taxable revenue. with comparison, the tax benefit for a new graduate who earns HK$180,000 a year & pays an annual premium of HK$two,000 is about HK$40. The Gov. source said taxpayers could purchase VHIS products for their family members, however the tax benefit could just apply to up to 6 people. About one.five mn are Guessed to join the scheme in the premier 3 years after it is released, including about one mn who are taxpayers & their dependents.collected by :Lucy William
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