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IHC

 
Hoover's Profile: Independence Holding Company
(NYSE:IHC)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Independence Holding Company
96 Cummings Point Rd.
Stamford, CT 06902
CT Tel. 203-358-8000
Toll Free 877-442-4467
Fax 203-348-3103

Type: Public
On the web: http://www.ihcgroup.com
Employees: 624
Employee growth: (8.5%)

Independence Holding wants to hold insurance policies. Through subsidiaries (including Madison National Life Insurance and Standard Security Life Insurance Company of New York), it sells and reinsures health and life insurance to groups and individuals. Instead of offering big major medical plans, the company prefers to offer niche coverage such as medical stop-loss insurance (which allows employers to limit their exposure to high health insurance claims), student health insurance, short-term medical coverage, and small-group major medical. In addition, the company provides disability products and group life insurance. The company does business throughout the US, and its protectorates.

Key numbers for fiscal year ending December, 2008:
Sales: $353.7M
One year growth: (12.1%)
Net income: ($23.8)M

Officers:
Chairman: Edward (Ed) Netter
President, CEO, and Director: Roy T. K. Thung
SVP and COO Independence Holding Company and AMIC and Independence American Insurance: David T. Kettig

Competitors:
BEST Life
CIGNA
Great-West Life & Annuity

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