Company Quick10K Filing
Independence Holding
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 15 $570
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-26 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-06-16 Quarter: 2017-03-31
10-K 2017-05-22 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-15 Quarter: 2016-06-30
10-Q 2016-08-01 Quarter: 2016-03-31
10-K 2016-06-06 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-16 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-15 Annual: 2012-12-31
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-10 Quarter: 2011-09-30
10-Q 2011-08-11 Quarter: 2011-06-30
10-Q 2011-05-12 Quarter: 2011-03-31
10-K 2011-03-17 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-12 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-K 2010-03-25 Annual: 2009-12-31
8-K 2019-11-12 Shareholder Vote
8-K 2019-11-12 Regulation FD, Exhibits
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-03-18 Regulation FD, Exhibits
8-K 2018-11-13
8-K 2018-11-12 Regulation FD, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-09-24
8-K 2018-08-07
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-03-16
8-K 2018-03-16 Regulation FD, Exhibits
8-K 2018-03-12 Earnings, Exhibits

Independence Holding Financials

IHC Metrics, Comps, Filings

Annual | Quarterly

Business

Independence Holding Company is a Delaware corporation (NYSE: IHC) that was formed in 1980. We are a holding company principally engaged in the life and health insurance business with principal executive offices located at 96 Cummings Point Road, Stamford, Connecticut 06902.

In 2018, the Securities and Exchange Commission amended the definition of a smaller reporting company to expand the number of smaller companies eligible to comply with scaled disclosure requirements. Under the new definition, a company with a public float less than $250 million is eligible to provide scaled disclosures. IHC qualified for smaller reporting company status and has elected to use the scaled disclosure accommodations in this annual report and subsequent filings.

Since the sale of its stop loss business in 2016, IHC has been primarily known as an underwriter of specialty health and disability products through its three carriers, Standard Security Life Insurance Company of New York ("Standard Security Life"), Madison National Life Insurance Company, Inc. ("Madison National Life") and Independence American Insurance Company ("Independence American"). Standard Security Life focuses on underwriting and selling its New York short-term disability ("DBL") and paid family leave rider ("PFL") products through general agents primarily to small employers. Madison National Life emphasizes underwriting long-term disability and group life primarily to school districts and municipalities in the Upper Midwest through a managing general agent and independent brokers, and is establishing a worksite marketing division. Independence American is our primary specialty health and pet underwriter. Madison National Life, Standard Security Life and Independence American are sometimes collectively referred to as the "Insurance Group." IHC and its subsidiaries (including the Insurance Group) are sometimes collectively referred to as the "Company", or "IHC", or are implicit in the terms "we", "us" and "our".


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
American Equity Investment Life Holding (AEL) 2,525,011 0% 4.1 0% 66,371,304 62,873,829 2,449,867 0 211,731 320,213 1,309,044
Genworth Financial (GNW) 1,907,625 0% 4.6 0% 104,306,000 88,714,000 8,516,000 0 331,000 867,000 4,013,625
FGL (FG) 1,781,078 0% 4.2 0% 35,098,000 32,838,000 1,328,000 0 158,000 238,000 1,009,078
FBL Financial Group (FFG) 1,506,404 0% 12.5 1% 10,259,696 8,862,154 758,654 0 106,825 127,302 1,589,550
Primus Guaranty (PRS) 909,065 -0% -8.6 -20% 585,824 641,316 -110,248 0 -119,424 -114,987 994,152
Independence Holding (IHC) 570,266 0% 13.8 3% 1,070,925 600,512 366,887 0 30,678 40,085 551,990
GWG Holdings (GWGH) 214,387 0% -4.0 -9% 1,541,224 1,307,690 18,545 0 -146,160 -34,314 137,502
Atlantic American (AAME) 57,055 0% 12.4 0% 371,730 258,960 193,715 0 871 3,686 45,605
Federal Life Group (FLF) 45,419 0% -111.3 -0% 286,879 229,715 4,921 0 -138 -140 15,577
National Security Group (NSEC) 27,138 0% 20.4 0% 151,858 100,805 66,934 0 0 1,654 33,669
Prudential Financial (PJH)
Sun Life Financial (SLF)
Aegon NV (AEB)
Globe Life (GL)
Manulife Financial Corp (MFC)
Aegon (AEG) 0% 392,633,000 370,065,000 0 0 0 0 -3,725,000
Citizens (CIA) 0% -6.5 -1% 1,702,160 1,465,728 246,003 0 -24,553 5,325 -34,568
China Life Insurance (LFC) 0% 3,254,403,000 2,931,113,000 0 0 0 0 -50,792,000
Athene Holding (ATH) 0% -2.6 1% 138,980,000 126,615,000 12,072,000 0 1,964,000 2,023,000 -5,239,000
National Western Life Group (NWLI) 0% -0.9 1% 12,612,950 10,557,802 678,515 0 135,868 164,621 -140,802

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash18,227589613895123,6672,3040
Accounts Receivable
Inventory
PP&E
Assets1,358,859390,647374,579412,107399,752482,071475,506497,555
Accounts Payable
Long-Term Debt
Liabilities1,082,715959,46196,273111,00567,04842,81539,198583,902
Stockholders' Equity261,077285,684268,791291,177323,351436,559431,544448,749
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue417,996428,061575,044533,9331,406311,0042,2982,117
Cost of Revenue
Gross Profit
R&D
SG&A179,553177,848172,180132,174157,104169,028
Tax3,732-1,5288,398-2,44810,97412,585-2,6538,488
Net Income14,76622,61115,25616,92130,522133,31442,13029,053
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating27,885-115,3948901,5885,578-4,409-3,32436,017
Cash Investing-24,226122,867181,689-15,853-2,54451,16151,9496,677
Cash Financing3,142-2,772-19,089-5,196-2,911-43,597-49,988-9,717