Independence Holding (IHC)

Independence Holding Company, formed in 1980, is a holding company that is principally engaged in underwriting, administering and/or distributing group and individual specialty benefit products, including disability, supplemental health, pet, and group life insurance through its subsidiaries (Independence Holding Company and its subsidiaries collectively referred to as 'The IHC Group'). The IHC Group consists of three insurance companies (Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc. and Independence American Insurance Company). Company also owns the following agencies: (i) PetPartners, Inc.; (ii) IHC Specialty Benefits, Inc., a technology-driven full-service marketing and distribution company that focuses on small employer and individual consumer products through its call center, career agents, and Independence Brokerage Group; and (iii) The INSX Cloud Platform through My1HR, company's wholly owned Web Based Entity. Its InsureTech division is comprised of company's call centers, field and career agents, in-house MarTech artificial intelligence capabilities and domains, including www.healthedeals.com; www.healthinsurance.org; www.medicareresources.org; www.petplace.com; and www.mypetinsurance.com.

Company profile

Ticker

IHC

Exchange

NYSE

Website

www.ihcgroup.com

CEO

Roy T. K. Thung

Incorporated

Delaware

Location

Connecticut

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Life Insurance Carriers

Industry (SIC)

Life Insurance

Metlife • Prudential Financial • Jackson Financial • Lincoln National Life Insurance • Brighthouse Financial • Voya Financial • Lincoln National • Genworth Financial • Athene Holding • Protective Life ...

SEC CIK

0000701869

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Independence Capital Corp. • Standard Security Life Insurance Company • IHC Health Holdings Corp. • Madison National Life Insurance Company, Inc. • Madison Investors Corporation • AMIC Holdings, Inc. • Independence American Holdings Corp. • Independence American Insurance Company • IHC Domain Holdings, LLC • Torchlight Technology Group, LLC ...

IRS number

581407235

IHC stock data

1M 1Y 5Y

Press releases

From Benzinga Pro

AKC Pet Insurance Celebrates National Bring Your Dog to Work Day With New "Dogs At Work" Program

24 Jun 22

Dogs At Work Provides Employers With a Step-By-Step Guide To Creating a Dog-Friendly Workplace RALEIGH, N.C. (PRWEB) June 24, 2022 AKC Pet Insurance (underwritten by Independence American Insurance Company), is

Calendar

8 Nov 21

19 Aug 22

31 Dec 22

Financial summary

Financial statements Chart IHC financial data

Quarter (USD)	Sep 21	Jun 21	Mar 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

IHC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value
15 Feb 22	Roy T K Thung	Common Stock, $1.00 par value per share	Sale back to company	Dispose D	No	No	57	164,763	9.39M
15 Feb 22	Roy T K Thung	Stock Appreciation Right (Common Stock) Common Stock	Sale back to company	Dispose D	No	No	27.65	16,500	456.23K
15 Feb 22	Roy T K Thung	Employee Stock Option Common Stock	Sale back to company	Dispose D	No	No	37.38	176,000	6.58M
15 Feb 22	Roy T K Thung	Employee Stock Option Common Stock	Sale back to company	Dispose D	No	No	27.65	82,500	2.28M
15 Feb 22	Teresa A Herbert	Common Stock, $1.00 par value per share	Sale back to company	Dispose D	No	No	57	103,134	5.88M
15 Feb 22	Teresa A Herbert	Employee Stock Option Common Stock	Sale back to company	Dispose D	No	No	37.38	15,766	589.33K
15 Feb 22	Larry Graber	Common Stock, $1.00 par value per share	Sale back to company	Dispose D	No	No	57	59,280	3.38M
15 Feb 22	Larry Graber	Stock Appreciation Right (Common Stock) Common Stock	Sale back to company	Dispose D	No	No	27.65	11,000	304.15K
15 Feb 22	Larry Graber	Employee Stock Option Common Stock	Sale back to company	Dispose D	No	No	37.38	27,500	1.03M
15 Feb 22	Larry Graber	Employee Stock Option Common Stock	Sale back to company	Dispose D	No	No	27.65	27,500	760.38K

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

IHC institutional ownership history Ownership history

85.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	72	55	+30.9%
Opened positions	24	6	+300.0%
Closed positions	7	6	+16.7%
Increased positions	18	15	+20.0%
Reduced positions	15	20	-25.0%

13F shares	Current	Prev Q	Change
Total value	278.27M	202.93M	+37.1%
Total shares	12.55M	12.32M	+1.8%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Geneve	9.15M	$0	0.0%
Cannell Capital	525.09K	$29.76M	-13.6%
BLK Blackrock	349.54K	$19.81M	+29.0%
Arnhold	345.11K	$19.56M	-31.1%
Vanguard	252.54K	$14.31M	-2.1%
TCW	248.26K	$14.07M	-7.0%
Glazer Capital	240.47K	$13.63M	NEW
Dimensional Fund Advisors	235.59K	$13.35M	-7.3%
Royce & Associates	170.02K	$9.64M	0.0%
STT State Street	102.11K	$5.79M	-1.7%

Largest transactions	Shares	Bought/sold	Change
Glazer Capital	240.47K	+240.47K	NEW
Corsair Capital Management	0	-157.88K	EXIT
Arnhold	345.11K	-155.73K	-31.1%
Cannell Capital	525.09K	-82.59K	-13.6%
Gabelli Funds	81.4K	+81.4K	NEW
BLK Blackrock	349.54K	+78.6K	+29.0%
EJF Capital	0	-69.31K	EXIT
Chicago Capital Management	60.22K	+60.22K	NEW
Bleichroeder	54.71K	+54.71K	NEW
Ergoteles	44.85K	+44.85K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: acquiree, Annex, awaiting, beneficially, Committee, confidential, disapproval, disapprove, disinterested, furnish, furnished, magnitude, manner, merger, preliminary, proposal, proposed, prospectively, rata, recommend, Rule, runout, unanimously, written

Removed: accreted, accuracy, actuarial, adequately, adjudicate, amounting, annuity, assist, backlog, bill, billing, cancelled, chartered, classified, coincide, coinsurance, coinsured, combined, continued, credited, delay, depending, depicted, developing, disabled, discounting, divided, dividend, doubtful, earned, epidemic, equal, experience, faith, favorable, frequency, fund, gap, generating, higher, hospital, IBNR, inadequate, incidence, instrument, issue, lease, mandated, monitored, morbidity, mortality, municipal, oThe, oUnderwriting, pricing, processing, produced, projected, promulgated, proportion, protection, ratio, recessionary, recoverable, redemption, redundant, representative, reserve, reserving, reviewing, secured, serviced, staffing, statistical, STD, termination, testing, ultimately, unfavorable, unfold, universal, unpaid, unusually, utilization, utilize, variety, volume, worksite, yield

From filing 10-Q 2021 Q3

Financial reports

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