Health In Tech, Inc. · NASDAQ:HIT
Health In Tech — Q4 2024 Earnings Presentation
26 slides from Health In Tech's earnings presentation, Mar 17, 2025
Slide 1: Health In Tech - Power On Your Health Plan
health in tech . . _ O° } i ) | ° . — POWER ON YOUR HEALTH PLAN .
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by the Company solely for informational purposes. The information included herein in this presentation has not been independently verified. No representations, warranties or undertakings, express or implied, are made by the Company or any of it’ s affil
Slide 3: Health In Tech is Changing Healthcare through Digital Innovation
Health In Tech is Changing Healthcare through Digital Innovation 3
Slide 4: Company Snapshot
Company Snapshot • Mission: To change the non-transparent $4.5 trillion healthcare industry with innovation that All numbers are valued as of December 31, 2024 removes friction and complexities with vertical integration, process simplification, automation, and digitalization. 1 41 890 600+ States Bu
Slide 5: Today's Healthcare Market Challenges for Small Business are Trends for Innovation
Today’s Healthcare Market Challenges for Small Business are Trends for Innovation Today’s Healthcare Market Challenges INACCESSIBILITY COMPLICATED LACK OF TRANSPARENCY × Small business are under- × Traditional manual × Small business owners represented due to a lack transaction procedures are unable
Slide 6: Overview of Small Business Self-funded Medical Plan Market in the U.S.
Overview of Small Business Self-funded Medical Plan Market in the U.S. Annual Medical Insurance Premium of Small Businesses Annual Medical Insurance Premium of Small Businesses Key Takeaways USD Billion, 2019-2028E CAGR 2019-2023 2023-2028E Forecasted • Annual medical insurance Total 4.4% 5.4% 242.0
Slide 7: Our Exchange Provides End-to-End Healthcare and Insurance Solutions for Small Businesses
Our Exchange Provides End-to-End Healthcare and Insurance Solutions for Small Businesses • A primary exchange aimed to make healthcare plans competitive through direct contracts, eliminating intermediaries. • An AI empowered platform that underwrites and produce bindable insurance policies for about
Slide 8: AI-Powered Innovation
AI-Powered Innovation Our AI-powered platforms, eDIYBS and HI Card, leverage machine learning to enhance efficiency, accessibility, and security, enabling faster underwriting, lower costs, and greater operational efficiency. AI-Driven Underwriting & Risk Assessment AI-Powered Healthcare Data Platfor
Slide 9: Stone Mountain Risk - SMR Structures
Stone Mountain Risk - SMR • SMR is a program manager specializing in customized self-funded benefits plans for small businesses. • It designs health plans, selects networks, Reference-based Community Health manages vendors, and sets up the Pricing Plans benefits plan on the marketplace. Ben s • Lice
Slide 10: Underwrite Modeling and Risk Management – ICE & eDIYBS
Underwrite Modeling and Risk Management – ICE & eDIYBS Contractual Relationship Stop loss Carriers • Stop-loss carriers are companies that • International Captive Exchange, LLC (“ICE”) is a provide stop-loss coverage plans for MGU that handles underwriting and administrative employers who self-fund
Slide 11: Proprietary eDIYBS: Power on Efficiency
Proprietary eDIYBS: Power on Efficiency 6. Brokers 4. Nurse present 2.Brokers create reviews health bindable insurance package Typical applications proposal 1.Brokers 3.Underwriters 5. Underwriters Quoting 12 days gather health produce finalize quote Procedure application manual quotes proposal 12 P
Slide 12: Health Intelligence Card (HI Card): Power on Integration
Health Intelligence Card (HI Card): Power on Integration • HI Card simplifies healthcare management with a unified platform for Patient seeks care medical records and claims, offering 24/7 access to patients, providers, brokers, Patient logs into HI Card Portal prior to their doctor visit and TPAs.
Slide 13: HI-Performance Network: Power on Savings
HI-Performance Network: Power on Savings HI Card’s HI Performance Network offers Medicare-based reimbursement pricing, with direct Medicare contracts across 50 states, 10,489 hospitals, and over 1.3 million providers 50 1,306,625 States 10,489 Provider Locations Hospitals* All numbers above are valu
Slide 14: Recent Development
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Slide 15: Recent Development & Business Highlights
Recent Development & Business Highlights ⚫ Initial Public Offering. In December 2024, the Company completed its initial public offering (the "IPO") of 2,300,000 shares of Class A common stock. Gross proceeds to Health In Tech from the offering were $9.2 million before deducting underwriting discount
Slide 16: Financial Overview
( | ) Financial Overview hi+ 16
Slide 17: Revenue Composition and Key Growth Driver
Revenue Composition and Key Growth Driver Revenue Composition Revenues from underwriting modelling Revenues from Program HI Card: A flat fee per employee SMR: A flat fee per employee ICE: Fee as % of premiums received as the carrier per month (PEPM) per month (PEPM) Key Growth Driver The number of e
Slide 18: Selected Balance Sheet Statement
Selected Balance Sheet Statement December 31, December 31, 2023 2024 Current assets Cash and cash equivalents $ 2,416,350 $ 7,849,248 Accounts receivable, net 2,235,666 1,647,103 Financial Highlights Other receivables 1,681,100 500,252 Deferred offering costs 261,769 - • Strong liquidity position wi
Slide 19: Cash & Liabilities: December 2024
Cash & Liabilities: December 2024 Cash And Cash Equivalents Total Current Liabilities Total Liabilities ($ in millions) ($ in millions) ($ in millions) 7.8 5.4 4.8 2.6 2.1 2.4 Dec'23 Dec'24 Dec'23 Dec'24 Dec'23 Dec'24 19
Slide 20: Selected Income Statement
Selected Income Statement For Three Months Ended December For the Years Ended December 31, 31, 2023 2024 2023 2024 Total revenues $ 5,216,283 $ 4,904,564 Total revenues $ 19,151,502 $ 19,490,906 Revenues from underwriting Revenues from underwriting 2,011,060 1,697,080 8,226,852 6,649,271 modeling mo
Slide 21: Financial Highlights: Full Year 2024
Financial Highlights: Full Year 2024 Total Revenues ($ in millions) Gross Profit ($ in millions) Income from Continuing Operations, Gross Profit Margin (%) Net of Income Taxes ($ in millions) 19.2 19.5 16.8 2.5 65.9% 57.0% 88% 15.4 79% 0.7 43.0% 34.1% FY23 FY24 FY23 FY24 FY23 FY24 Revenues from unde
Slide 22: Adjusted EBITDA: Full Year 2024
Adjusted EBITDA: Full Year 2024 ($ in millions) For the Years Ended December 31, 2023 2024 4.8 Income from continuing $ 2,476,660 $ 670,477 operations, net of income taxes Interest (income) expenses (38,805) 372,115 Depreciation and amortization 339,300 541,141 Income tax expense 945,236 218,523 2.3
Slide 23: Financial Highlights: Q4 2024
Financial Highlights: Q4 2024 Total Revenues ($ in millions) Gross Profit ($ in millions) Income from Continuing Operations, Gross Profit Margin (%) Net of Income Taxes ($ in millions) 4.3 5.2 1.0 4.9 65.4% 82% 61.4% 3.8 38.6% 34.6% 77% -0.1 Q4'23 Q4'24 Q4'23 Q4'24 Q4'23 Q4'24 Revenues from underwri
Slide 24: Adjusted EBITDA: Q4 2024
Adjusted EBITDA: Q4 2024 ($ in millions) For Three Months Ended December 31, 2023 2024 Income from continuing $1,002,300 $ (144,152) operations, net of income taxes 1.0 Interest (income) expenses (25,028) (28,774) Depreciation and amortization 131,432 135,983 Income tax expense 478,113 $33,404 Stock
Slide 25: Certain Terms and Definitions
Certain Terms and Definitions • “Broker” or “insurance broker” is an intermediary who sells, solicits or negotiates insurance policies on behalf of a client for compensation. A broker typically acts on behalf of a client by negotiating with multiple insurers • “Carrier” refers to an insurance compan
Slide 26: Thank You
hit health in tech in tech POWER ON YOUR HEALTH PLAN. @ 4 THANK YOU