Last $13.39 USD
Change Today +0.51 / 3.96%
Volume 59.5K
IHC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

independence holding co (IHC) Snapshot

Open
$12.92
Previous Close
$12.88
Day High
$13.39
Day Low
$12.75
52 Week High
07/3/14 - $14.88
52 Week Low
02/10/14 - $11.36
Market Cap
233.2M
Average Volume 10 Days
17.6K
EPS TTM
$0.26
Shares Outstanding
17.4M
EX-Date
07/2/14
P/E TM
51.8x
Dividend
$0.07
Dividend Yield
0.52%
Current Stock Chart for INDEPENDENCE HOLDING CO (IHC)

Related News

No related news articles were found.

independence holding co (IHC) Related Businessweek News

No Related Businessweek News Found

independence holding co (IHC) Details

Independence Holding Company provides life and health insurance products in the United States, the Virgin Islands, and Puerto Rico. Its products include medical stop-loss insurance that provides coverage to public and private entities, which elect to self-insure their employees' medical coverage; group major medical insurance product that is designed to work with health reimbursement accounts and health savings accounts; and dental products that include indemnity and preferred provider organization plans for employer groups of two or more lives, and for individuals within affinity groups. The company also offers short-term medical products for people with temporary needs for health coverage; and vision plans that offer a flat reimbursement amount for exams and materials; supplemental products comprising fixed indemnity limited benefit, critical illness, and hospital indemnity products; ancillary non-essential health benefit plans; pet insurance; and occupational accident insurance products. In addition, it provides final expense life policy, a whole life product for 50 to 85 years old people; group long-term and short-term disability products to employers that provide benefit to their employees; New York short-term disability plan that offers temporary cash payments to replace wages lost; group term life products, including group term life, accidental death and dismemberment (AD&D), supplemental life and supplemental AD&D, and dependent life products; and individual life, annuities, and other insurance products, as well as reinsurance. Independence Holding Company markets its products through independent and affiliated brokers, producers, and agents, as well as through company-owned Websites. The company was founded in 1980 and is headquartered in Stamford, Connecticut. Independence Holding Company is a subsidiary of Geneve Corporation.

600 Employees
Last Reported Date: 03/14/14
Founded in 1980

independence holding co (IHC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $745.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $401.5K
Chief Operating Officer, Chief Administrative...
Total Annual Compensation: $550.0K
Chief Underwriting Officer, Senior Vice Presi...
Total Annual Compensation: $526.2K
Chief Life & Annuity Actuary, Senior Vice Pre...
Total Annual Compensation: $399.6K
Compensation as of Fiscal Year 2013.

independence holding co (IHC) Key Developments

Independence Holding Co. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Independence Holding Co. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income attributable to IHC increased to $0.22 per share, diluted, or $3,848,000, for the three months ended June 30, 2014 compared to $0.21 per share, diluted, or $3,691,000, for the three months ended June 30, 2013. Revenues decreased to $136,019,000 for the three months ended June 30, 2014 compared to revenues for the three months ended June 30, 2013 of $151,900,000. Income before income taxes was $6,283,000 against $6,324,000 a year ago. Net income attributable to IHC decreased to $0.43 per share, diluted, or $7,549,000, for the six months ended June 30, 2014 compared to $0.47 per share, diluted, or $8,392,000, for the six months ended June 30, 2013. Revenues decreased to $277,091,000 for the six months ended June 30, 2014 compared to revenues for the six months ended June 30, 2013 of $289,782,000. The decrease in revenues for both the second quarter and the first six months of 2014 is primarily due to the runoff of major medical business from lines that the company exited largely as a result of the requirements of the Affordable Care Act, offset in part by an increase in medical stop-loss and specialty health premiums. Book value was $16.18 per share at June 30, 2014, an increase of 6% over the book value per share at December 31, 2013. Income before income taxes was $12,148,000 against $13,939,000 a year ago.

Independence Holding Company Declares Semi-Annual Cash Dividend Payable on July 21, 2014

Independence Holding Company reported declaration of its semi-annual cash dividend of $0.035 per share of common stock, payable to stockholders of record on July 7, 2014, with a payment date of July 21, 2014.

Independence Holding Co. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Independence Holding Co. announced consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's revenues were $141,072,000 compared to $137,882,000 a year ago. Income before income taxes was $5,865,000 compared to $7,615,000 a year ago. Net income was $4,005,000 compared to $5,040,000 a year ago. Net income attributable to company was $3,701,000 compared to $4,701,000 a year ago. Basic and diluted per common share was $0.21 compared to $0.26 a year ago. Book value was $15.76 per share at March 31, 2014, an increase of 4% over the book value per share at December 31, 2013.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
IHC:US $13.39 USD +0.51

IHC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Atlantic American Corp $3.63 USD -0.27
Citizens Inc/TX $6.84 USD +0.17
Imperial Holdings Inc $6.37 USD -0.08
Kansas City Life Insurance Co $46.23 USD -0.17
UTG Inc $14.13 USD 0.00
View Industry Companies
 

Industry Analysis

IHC

Industry Average

Valuation IHC Industry Range
Price/Earnings 18.4x
Price/Sales 0.4x
Price/Book 0.8x
Price/Cash Flow 18.0x
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact INDEPENDENCE HOLDING CO, please visit www.independenceholding.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.