independence holding co (IHC:New York)
independence holding co (IHC) Snapshot
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Open
$11.11
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Previous Close
$11.11
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Day High
$11.42
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Day Low
$11.11
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52 Week High
05/17/13 - $11.42
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52 Week Low
11/9/12 - $7.55
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Market Cap
202.8M
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Average Volume 10 Days
11.8K
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EPS TTM
$0.80
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Shares Outstanding
17.9M
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EX-Date
11/28/12
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P/E TM
14.2x
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Dividend
$0.07
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Dividend Yield
0.62%
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Related News
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Independence Holding Company provides life and health insurance products in the United States, the Virgin Islands, Guam, 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; medical plans for individuals and families that include consumer driven health plan (CDHP) products; hospital indemnity plans, limited benefit plans, accident medical coverage, and critical illness products; limited medical policy that provides health coverage to hourly, part-time, and/or seasonal employees; and ancillary non-essential health benefit plans. 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; individual life, annuities, and other insurance products. Independence Holding Company markets its products through independent and affiliated brokers, producers, and agents, as well as through company-owned Websites. Independence Holding Company was founded in 1980 and is headquartered in Stamford, Connecticut. Independence Holding Company is a subsidiary of Geneve Corporation.
independence holding co (IHC) Top Compensated Officers
independence holding co (IHC) Key Developments
Independence Holding Co. announced earnings results for the first quarter ended March 31, 2013. For the quarter, the company's revenues were $137,882,000 compared to $102,156,000 in the same period last year. Income before income taxes was $7,615,000 compared to $6,416,000 in the same period last year. Net income was $5,040,000 compared to $4,330,000 in the same period last year. Net income attributable to company was $4,701,000 compared to $3,922,000 in the same period last year. Diluted and basic income per common share was $0.26 compared to $0.22 in the same period last year.
Independence Holding Co. announced earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's revenues increased to $112,960,000 compared to revenues for the comparable period in 2011 of $104,493,000, primarily as a result of an increase in premiums. Income before income taxes was $5,941,000 against $6,056,000 a year ago. Net income attributable to the company was $8,290,000 or $0.46 basic and diluted per share against $3,225,000 or $0.18 basic and diluted per share a year ago. Operating income from operations was $7,595,000 against $2,815,000 a year ago. Non - GAAP basic and diluted income per common share was $0.42 against $0.16 a year ago. For the full year, the company's revenues increased to $428,061,000 compared to revenues for the year ended December 31, 2011 of $417,996,000, primarily due to an increase in premiums. Income before income taxes was $24,614,000 against $18,498,000 a year ago. Net income attributable to the company was $19,661,000 or $1.09 basic and diluted per share against $13,003,000 or $0.74 basic and diluted per share a year ago. Operating income from operations was $16,816,000 against $11,301,000 a year ago. Non - GAAP basic and diluted income per common share was $0.93 against $0.64 a year ago. The company's net income and operating income for the fourth quarter and year 2012 was positively impacted by an increase of $4,637,000, net of minority interest for an increase in the deferred tax asset related to AMIC's federal net operating loss carry forward (NOL).
Independence Holding Co. reported declaration of its semi-annual cash dividend of $0.035 per share of common stock, payable to stockholders of record on November 30, 2012, with a payment date of December 21, 2012.
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Industry Analysis
IHC
Industry Average
| Valuation | IHC | Industry Range |
| Price/Earnings | 9.8x |
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| Price/Sales | 0.4x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 9.7x |
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| TEV/Sales | 0.2x |
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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.
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