Independence Holding Company (N:IHC)

Sector:  Financials Industry:  Life & Health Insurance
See Regulatory Filings on SEC
Company Contact
Tel: N/A
IR: See website
Key People
Roy T. K. Thung
Chairman of the Board, Chief Executive Officer
David T. Kettig
President, Chief Operating Officer, Director
Steven B. Lapin
Vice Chairman of the Board
Teresa A. Herbert
Chief Financial Officer, Senior Vice President, Director
Larry R. Graber
Chief Life and Annuity Actuary, Senior Vice President and Director
Gary J. Balzofiore
Senior Vice President Specialty Health Operations
Vincent J. Furfaro
Senior Vice President - Corporate Development & Chief Information Security Officer
Business Overview
Independence Holding Company (IHC) is a holding company principally engaged in the life and health insurance business. The Company's segments include Medical Stop-Loss; Fully Insured Health; Group disability, life and DBL; Individual life, annuities and other, and Corporate. The Company is a writer across the nation of excess or stop-loss insurance for self-insured employer groups that desire to manage the risk of large medical claims (Medical Stop-Loss). The Fully Insured Health segment includes various categories, such as ancillary benefits, including dental, vision, short-term medical (STM), supplemental products (including fixed indemnity limited benefit, critical illness, and hospital indemnity); pet insurance, and non-subscriber occupational accident. The Group Disability segment comprises long term disability (LTD) and disability benefits law (DBL). It provides specialized disability, and health coverage and related services to commercial customers and individuals.
Financial Overview
For the three months ended 31 March 2020, Independence Holding Company revenues increased 10% to $104M. Net income decreased 51% to $4.3M. Revenues reflect Group Disability; Life, Annuities and DBL segment increase of 34% to $53.9M. Net income was offset by Expense Ratio -%-Insured Segment increase of 6% to 48.9%, Selling/General/Admin Expense increase of 10% to $44.6M (expense).
Employees: 455 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $406.47M as of Mar 31, 2020
Annual revenue (TTM): $384.26M as of Mar 31, 2020
EBITDA (TTM): $23.49M as of Mar 31, 2020
Net annual income (TTM): $7.95M as of Mar 31, 2020
Free cash flow (TTM): $33.39M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 14,785,565 as of May 8, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization