Company Quick10K Filing
Ehealth
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 23 $1,788
10-K 2020-03-02 Annual: 2019-12-31
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-03-14 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-19 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-07 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-03-16 Annual: 2016-12-31
10-Q 2016-11-08 Quarter: 2016-09-30
10-Q 2016-08-08 Quarter: 2016-06-30
10-Q 2016-05-09 Quarter: 2016-03-31
10-K 2016-03-14 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-16 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-12 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-13 Annual: 2012-12-31
10-Q 2012-11-06 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-03-15 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-05 Annual: 2009-12-31
8-K 2020-03-03 Enter Agreement, Exhibits
8-K 2020-02-20 Officers, Exhibits
8-K 2020-02-20 Earnings, Exhibits
8-K 2020-01-29 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-01-23 Earnings, Exhibits
8-K 2019-12-20 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-11-19 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-09-06 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-08-29 Officers
8-K 2019-08-19 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-08-06 Officers
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-06-14 Officers, Shareholder Vote, Exhibits
8-K 2019-06-10 Regulation FD
8-K 2019-06-07 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-13 Other Events
8-K 2019-05-06 Regulation FD
8-K 2019-05-03 Other Events
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-03-26 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-02-21 Earnings, Exhibits
8-K 2019-01-24 Enter Agreement, Exhibits
8-K 2019-01-22 Other Events, Exhibits
8-K 2019-01-22 Earnings, Exhibits
8-K 2018-12-21 Officers
8-K 2018-12-17 Other Events, Exhibits
8-K 2018-11-27 Enter Agreement, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-09-18 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-06-12 Shareholder Vote
8-K 2018-05-31 Officers, Exhibits
8-K 2018-04-25 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-04-24 Earnings, Exhibits
8-K 2018-03-29 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-03-01 Earnings, Exit Costs, Exhibits
8-K 2018-01-22 M&A, Exhibits
8-K 2018-01-16 Enter Agreement, Earnings, Sale of Shares, Officers, Exhibits

Ehealth Financials

EHTH Metrics, Comps, Filings

Annual | Quarterly

Business

We are a leading health insurance marketplace with a technology and service platform that provides consumer engagement, education and enrollment solutions. Our platform integrates proprietary and third-party developed educational content regarding health insurance plans with decision support tools to aid consumers in what has traditionally been a confusing and opaque purchasing process and to help them obtain the health insurance product that meets their individual health and economic needs. Our omni-channel consumer engagement platform enables consumers to use our services online, through interactive chat, or by telephone with a licensed insurance agent. We have created a marketplace that offers consumers a broad choice of insurance products that includes thousands of Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug plans, individual and family health insurance, small business insurance and other ancillary health insurance products from over 170 health insurance carriers. We strive to be a trusted partner to the consumer and are licensed to sell health insurance products in all fifty states and the District of Columbia.

Over the last three years, we have increasingly shifted our focus towards Medicare products and deemphasized individual and family health insurance products. This shift has enabled us to capitalize on (1) the strong demographic trends, with 10,000 people on average turning 65 every day over the next 11 years, driving a large and growing segment of the population eligible for Medicare across the United States, (2) the increasing proportion of the Medicare eligible population that is choosing commercial insurance solutions, and (3) the growing consumer demand for online tools to compare and enroll in Medicare insurance plans. Our shift towards Medicare has enabled us to mitigate the impact of the Affordable Care Act on our business, which established competing government exchanges that offer certain non-Medicare, Affordable Care Act-compliant individual and family health insurance plans.

We operate our business in two segments: (1) Medicare, and (2) Individual, Family and Small Business. Our Medicare segment represents the majority of our business and constituted approximately 84% of our revenue in 2018. We derive the majority of our revenues from commission payments paid to us by health insurance carriers related to insurance plans that have been purchased by members who used our services. Our platform and services are free to the consumer, and we are not responsible for the payment of consumer health insurance claims.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Marsh & McLennan (MMC) 51,237,970 0% 21.1 5% 31,097,000 16,100,000 0 1,530,000 2,935,000 61,967,970
Aon (AON) 47,027,779 0% 19.1 7% 28,167,000 24,606,000 18,898,000 0 1,867,000 2,751,000 52,545,779
Fanhua (FANH) 27,468,869 0% 3,866,611 1,119,885 0 0 0 0 26,620,703
Willis Towers Watson (WLTW) 25,051,000 0% 17.3 3% 35,703,000 25,672,000 8,721,000 0 905,000 1,741,000 30,042,000
Arthur J Gallagher (AJG) 16,719,922 62% 22.7 4% 19,173,800 14,261,800 7,131,000 4,401,700 727,500 791,100 17,928,422
Fidelity National Financial (FNF) 11,916,433 0% 10.0 7% 10,419,000 4,954,000 6,107,000 0 732,000 1,120,000 11,236,433
AXA Equitable Holdings (EQH) 11,065,572 0% 4.2 1% 244,646,000 227,830,000 13,057,000 0 1,404,000 1,573,000 6,594,572
Brown & Brown (BRO) 10,206,653 0% 18.9 5% 7,680,664 4,366,141 2,321,930 0 395,447 577,162 10,900,618
First American Financial (FAF) 6,590,154 0% 5.8 5% 11,804,092 7,557,870 5,890,510 0 578,416 843,273 4,879,155
Argo Group (ARGO) 2,423,790 0% 27.0 0% 10,445,800 8,552,400 1,485,200 0 51,300 105,900 2,857,290
Ehealth (EHTH) 1,763,150 60% -166.4 1% 581,240 149,669 339,370 203,671 4,135 -10,045 1,671,726
Corvel (CRVL) 1,562,413 22% 16.9 11% 426,769 225,953 594,275 127,943 48,414 86,582 1,464,493
Stewart Information Services (STC) 915,530 0% 4.1 6% 1,559,191 799,307 1,900,036 0 98,582 145,387 594,570
Goosehead Insurance (GSHD) 796,228 0% 44.7 30% 44,421 72,271 78,405 0 13,503 18,390 821,930
Investors Title (ITIC) 294,392 0% 9.3 8% 266,114 70,224 130,618 0 20,078 26,929 250,400
Health Insurance Innovations (HIIQ) 292,033 0% 14.0 2% 553,213 442,072 220,954 0 10,251 29,675 415,883
Argo Group International Holdings (ARGD)
BRP Group (BRP) -18.2 -1% 346,199 295,248 0 0 -2,306 960 -17,510
Erie Indemnity (ERIE) 0% -0.6 16% 1,974,580 855,309 2,457,026 0 319,548 384,201 -246,567

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash123,607140,849107,05515,7938,0864,06640,29313,089
Accounts Receivable8,0554,4684,5868,2009,6479,2139,8943,601
Inventory
PP&E4,6316,18510,2839,6407,3645,6084,7057,684
Assets177,945196,301166,426106,664113,319108,89988,690439,278
Accounts Payable2,3916,1234,3815,9613,0125,1123,2465,688
Long-Term Debt5,000
Liabilities22,27125,43433,40933,18636,89831,29827,54763,958
Stockholders' Equity155,674170,867133,01773,47876,42177,60161,143303,149
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue151,648155,473179,180179,677189,541186,960172,355251,395
Cost of Revenue8,3404,7835,4614,4944,1783,1762,2731,228
Gross Profit143,308150,690173,719175,183185,363183,784170,082250,167
R&D8,40010,10012,10010,6008,9007,6006,900
SG&A83,47083,958100,89597,281106,429108,217105,843128,767
Tax6,4606,3701,91756628-3,7553,065
Net Income6,7247,0821,723-16,205-4,763-4,882-25,412241
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating22,54124,89120,9471,77913,6964,083-15,541-3,230
Cash Investing-6,597-10,096-7,326-8,104-2,996-3,726-5,078-25,757
Cash Financing-20,3812,440-47,403-49,331577-1,269-8701,860