Last $11.82 USD
Change Today -0.18 / -1.50%
Volume 15.9K
IHC On Other Exchanges
Symbol
Exchange
New York
As of 6:40 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

independence holding co (IHC) Snapshot

Open
$12.15
Previous Close
$12.00
Day High
$12.18
Day Low
$11.72
52 Week High
07/3/14 - $14.88
52 Week Low
02/26/15 - $11.72
Market Cap
205.3M
Average Volume 10 Days
10.0K
EPS TTM
$0.51
Shares Outstanding
17.4M
EX-Date
01/2/15
P/E TM
23.3x
Dividend
$0.07
Dividend Yield
0.59%
Current Stock Chart for INDEPENDENCE HOLDING CO (IHC)

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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 Company Declares Semi-Annual Cash Dividend, Payable on January 20, 2015

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 January 6, 2015, with a payment date of January 20, 2015.

Independence Holding Co. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Independence Holding Co. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported premiums earned was $117.705 million against $125.174 million a year ago. Net investment income was $5,439,000 compared to $6,841,000 for the same period of last year. Revenues were $129,752,000 compared to $141,644,000 for the same period of last year. Income before income taxes was $7,965,000 compared to $5,996,000 for the same period of last year. Net income attributable to IHC was $4,710,000 compared to $3,639,000 for the same period of last year. Diluted income per common share was $0.27 compared to $0.21 for the same period of last year. For the nine months, the company reported premiums earned was $362.1 million against $368.007 million a year ago. Net investment income was $16,674,000 compared to $21,844,000 for the same period of last year. Revenues were $406,843,000 compared to $431,426,000 for the same period of last year. Income before income taxes was $20,113,000 compared to $19,935,000 for the same period of last year. Net income attributable to IHC was $12,259,000 compared to $12,031,000 for the same period of last year. Diluted income per common share was $0.69 compared to $0.67 for the same period of last year. The decrease in revenues for both the third quarter and the first nine months of 2014 is primarily due to the runoff of major medical business from lines that exited largely as a result of the requirements of the Affordable Care Act ("ACA"), offset in part by an increase in medical stop-loss and specialty health premiums. The book value was $16.37 per share at September 30, 2014, an increase of 8% over the book value per share at December 31, 2013. The company is optimistic that the operating results for the fourth quarter of 2014 will compare very favorably to the comparable period in 2013, even after the aforementioned expected charges in the fourth quarter of 2014, largely as a result of the accelerating growth in premiums and income from direct medical stop-loss line of business, the continued profitability of the group business, and the transition of fully insured division to a specialty health insurance operation with controlled distribution and higher-margin lines of business.

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.

 

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Industry Analysis

IHC

Industry Average

Valuation IHC Industry Range
Price/Earnings 15.2x
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 14.9x
TEV/Sales 0.2x
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