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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 2.08
IHC's Cash-to-Debt is ranked lower than
58% of the 77 Companies
in the Global Insurance - Life industry.

( Industry Median: 4.68 vs. IHC: 2.08 )
Ranked among companies with meaningful Cash-to-Debt only.
IHC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07  Med: 0.52 Max: No Debt
Current: 2.08
Equity-to-Asset 0.35
IHC's Equity-to-Asset is ranked higher than
91% of the 75 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.08 vs. IHC: 0.35 )
Ranked among companies with meaningful Equity-to-Asset only.
IHC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13  Med: 0.19 Max: 0.35
Current: 0.35
0.13
0.35
Interest Coverage 18.69
IHC's Interest Coverage is ranked lower than
52% of the 109 Companies
in the Global Insurance - Life industry.

( Industry Median: 32.73 vs. IHC: 18.69 )
Ranked among companies with meaningful Interest Coverage only.
IHC' s Interest Coverage Range Over the Past 10 Years
Min: 0.46  Med: 12.06 Max: 26.8
Current: 18.69
0.46
26.8
Beneish M-Score: -1.98
WACC vs ROIC
3.26%
5.53%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 9.42
IHC's Operating Margin % is ranked higher than
61% of the 76 Companies
in the Global Insurance - Life industry.

( Industry Median: 6.83 vs. IHC: 9.42 )
Ranked among companies with meaningful Operating Margin % only.
IHC' s Operating Margin % Range Over the Past 10 Years
Min: -11.59  Med: 4.4 Max: 9.42
Current: 9.42
-11.59
9.42
Net Margin % 33.33
IHC's Net Margin % is ranked higher than
94% of the 77 Companies
in the Global Insurance - Life industry.

( Industry Median: 4.06 vs. IHC: 33.33 )
Ranked among companies with meaningful Net Margin % only.
IHC' s Net Margin % Range Over the Past 10 Years
Min: -6.74  Med: 3.08 Max: 33.33
Current: 33.33
-6.74
33.33
ROE % 30.75
IHC's ROE % is ranked higher than
95% of the 77 Companies
in the Global Insurance - Life industry.

( Industry Median: 8.82 vs. IHC: 30.75 )
Ranked among companies with meaningful ROE % only.
IHC' s ROE % Range Over the Past 10 Years
Min: -12.37  Med: 5.51 Max: 30.75
Current: 30.75
-12.37
30.75
ROA % 9.47
IHC's ROA % is ranked higher than
96% of the 77 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.59 vs. IHC: 9.47 )
Ranked among companies with meaningful ROA % only.
IHC' s ROA % Range Over the Past 10 Years
Min: -1.85  Med: 1.12 Max: 9.47
Current: 9.47
-1.85
9.47
3-Year Revenue Growth Rate 8.80
IHC's 3-Year Revenue Growth Rate is ranked higher than
64% of the 74 Companies
in the Global Insurance - Life industry.

( Industry Median: 5.60 vs. IHC: 8.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
IHC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0.7  Med: 8.8 Max: 24.3
Current: 8.8
0.7
24.3
3-Year EBITDA Growth Rate 21.10
IHC's 3-Year EBITDA Growth Rate is ranked higher than
81% of the 69 Companies
in the Global Insurance - Life industry.

( Industry Median: 5.00 vs. IHC: 21.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
IHC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -39  Med: 11.6 Max: 64.9
Current: 21.1
-39
64.9
3-Year EPS without NRI Growth Rate 16.20
IHC's 3-Year EPS without NRI Growth Rate is ranked higher than
77% of the 64 Companies
in the Global Insurance - Life industry.

( Industry Median: 5.00 vs. IHC: 16.20 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
IHC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -60  Med: 10.4 Max: 143.3
Current: 16.2
-60
143.3
GuruFocus has detected 3 Warning Signs with Independence Holding Co $IHC.
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» IHC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

IHC Guru Trades in Q1 2016

First Eagle Investment 597,064 sh (+4.33%)
Chuck Royce 414,603 sh (-4.26%)
» More
Q2 2016

IHC Guru Trades in Q2 2016

First Eagle Investment 594,559 sh (-0.42%)
Chuck Royce 399,603 sh (-3.62%)
» More
Q3 2016

IHC Guru Trades in Q3 2016

Jim Simons 22,700 sh (New)
First Eagle Investment 594,859 sh (+0.05%)
Chuck Royce 314,523 sh (-21.29%)
» More
Q4 2016

IHC Guru Trades in Q4 2016

Jim Simons 45,900 sh (+102.20%)
Chuck Royce 314,523 sh (unchged)
First Eagle Investment 594,859 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with IHC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Insurance - Life » Insurance - Life    NAICS: 524113    SIC: 6311
Compare:NAS:TIPT, NYSE:CIA, NAS:AMIC, OTCPK:KCLI, OTCPK:HNRDF, NAS:AAME, NAS:GWGH, OTCPK:UTGN, OTCPK:IHRC, OTCPK:CSNRF, OTCPK:FLCR, NAS:NWLI, NYSE:FFG, NYSE:FGL, NYSE:AEL, OTCPK:MMHDF, NYSE:CNO, NYSE:PRI, OTCPK:STJPF, OTCPK:SLFPF » details
Independence Holding Co is an insurance holding company. The Company engages in the life and health insurance business. It provides specialized life and health coverage and related services to commercial customers and individuals.

Independence Holding Co is a Delaware corporation formed in 1980. It is an insurance holding company mainly engaged in the life and health insurance business. The Company provides specialized life and health coverage and related services to commercial customers and individuals. The Company's wholly owned insurance company subsidiaries; Standard Security Life Insurance Company of New York or Standard Security Life and Madison National Life Insurance Company, Inc. or Madison National Life market their products through independent and affiliated brokers, producers and agents. Independence American also distributes through these sources as well as to consumers through a dedicated controlled distribution. It provides Medical excess or stop-loss; Multiple fully insured health lines; Group disability and life; and Individual life, mainly through block acquisitions. The Company is a writer nationally of excess or stop-loss insurance for self-insured employer groups that desire to manage the risk of large medical claims for Employer Medical Stop-Loss. Major Medical is fully insured major medical coverage that is mainly designed to work with health reimbursement accounts and health savings accounts which are implemented by employers that wish to provide this benefit as part of an employee welfare benefit plan. The Company sells group long-term disability (LTD) products to employers that wish to provide this benefit to their employees. Depending on an employer's requirements, LTD policies cover between 40% and 90% of insurable salary; have elimination periods the period between the commencement of the disability and the start of benefit payments between 30 and 730 days; and terminate after two, five or ten years, or extend to age 65 or the employee's Social Security normal retirement date. Madison National Life and Standard Security Life sell group term life products, including group term life, accidental death and dismemberment or AD&D, supplemental life and supplemental AD&D and dependent life. Individual Life, Annuities and Other insurance products that are in runoff as a result of the Insurance Group's decision to discontinue writing such products; blocks of business that were acquired from other insurance companies; individual life and annuities written through Madison National Life's military and civilian government employee division; blanket accident insurance sold through a specialized general agent; and certain miscellaneous insurance products. It competes with many large insurance companies, small regional health insurers and managed care organizations. It competes with many large insurance companies, small regional health insurers and managed care organizations. The Company as an insurance holding company it is subject to regulation and supervision by multiple state insurance regulators, including the New York State Insurance Department the Standard Security Life's domestic regulator and the Wisconsin Department of Insurance the

Ratios

vs
industry
vs
history
PE Ratio 2.90
IHC's PE Ratio is ranked higher than
98% of the 121 Companies
in the Global Insurance - Life industry.

( Industry Median: 19.60 vs. IHC: 2.90 )
Ranked among companies with meaningful PE Ratio only.
IHC' s PE Ratio Range Over the Past 10 Years
Min: 2.05  Med: 13.06 Max: 81.63
Current: 2.9
2.05
81.63
PE Ratio without NRI 16.88
IHC's PE Ratio without NRI is ranked higher than
51% of the 98 Companies
in the Global Insurance - Life industry.

( Industry Median: 16.60 vs. IHC: 16.88 )
Ranked among companies with meaningful PE Ratio without NRI only.
IHC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 5.4  Med: 14.53 Max: 126.2
Current: 16.88
5.4
126.2
PB Ratio 0.78
IHC's PB Ratio is ranked higher than
86% of the 106 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.32 vs. IHC: 0.78 )
Ranked among companies with meaningful PB Ratio only.
IHC' s PB Ratio Range Over the Past 10 Years
Min: 0.24  Med: 0.7 Max: 1.73
Current: 0.78
0.24
1.73
PS Ratio 0.98
IHC's PS Ratio is ranked higher than
50% of the 100 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.95 vs. IHC: 0.98 )
Ranked among companies with meaningful PS Ratio only.
IHC' s PS Ratio Range Over the Past 10 Years
Min: 0.11  Med: 0.43 Max: 1.12
Current: 0.98
0.11
1.12
EV-to-EBIT 7.93
IHC's EV-to-EBIT is ranked higher than
71% of the 100 Companies
in the Global Insurance - Life industry.

( Industry Median: 10.63 vs. IHC: 7.93 )
Ranked among companies with meaningful EV-to-EBIT only.
IHC' s EV-to-EBIT Range Over the Past 10 Years
Min: -20.3  Med: 10.25 Max: 92.7
Current: 7.93
-20.3
92.7
EV-to-EBITDA 7.36
IHC's EV-to-EBITDA is ranked higher than
73% of the 103 Companies
in the Global Insurance - Life industry.

( Industry Median: 10.30 vs. IHC: 7.36 )
Ranked among companies with meaningful EV-to-EBITDA only.
IHC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -95.7  Med: 8.3 Max: 33
Current: 7.36
-95.7
33
PEG Ratio 8.68
IHC's PEG Ratio is ranked lower than
98% of the 42 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.32 vs. IHC: 8.68 )
Ranked among companies with meaningful PEG Ratio only.
IHC' s PEG Ratio Range Over the Past 10 Years
Min: 0.62  Med: 1.54 Max: 8.68
Current: 8.68
0.62
8.68
Shiller PE Ratio 17.20
IHC's Shiller PE Ratio is ranked higher than
56% of the 43 Companies
in the Global Insurance - Life industry.

( Industry Median: 17.59 vs. IHC: 17.20 )
Ranked among companies with meaningful Shiller PE Ratio only.
IHC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.07  Med: 14.78 Max: 29.43
Current: 17.2
3.07
29.43

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 0.52
IHC's Dividend Yield % is ranked lower than
99.99% of the 125 Companies
in the Global Insurance - Life industry.

( Industry Median: 6.24 vs. IHC: 0.52 )
Ranked among companies with meaningful Dividend Yield % only.
IHC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.21  Med: 0.55 Max: 2.03
Current: 0.52
0.21
2.03
Dividend Payout Ratio 0.08
IHC's Dividend Payout Ratio is ranked higher than
93% of the 83 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.35 vs. IHC: 0.08 )
Ranked among companies with meaningful Dividend Payout Ratio only.
IHC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.03  Med: 0.06 Max: 0.5
Current: 0.08
0.03
0.5
3-Year Dividend Growth Rate 8.70
IHC's 3-Year Dividend Growth Rate is ranked lower than
62% of the 52 Companies
in the Global Insurance - Life industry.

( Industry Median: 11.90 vs. IHC: 8.70 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
IHC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -18.4  Med: 2.8 Max: 21.6
Current: 8.7
-18.4
21.6
Forward Dividend Yield % 0.62
IHC's Forward Dividend Yield % is ranked lower than
99.99% of the 124 Companies
in the Global Insurance - Life industry.

( Industry Median: 3.28 vs. IHC: 0.62 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 1.07
IHC's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 123 Companies
in the Global Insurance - Life industry.

( Industry Median: 6.00 vs. IHC: 1.07 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
IHC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.42  Med: 1.09 Max: 4.03
Current: 1.07
0.42
4.03
3-Year Average Share Buyback Ratio 1.20
IHC's 3-Year Average Share Buyback Ratio is ranked higher than
69% of the 59 Companies
in the Global Insurance - Life industry.

( Industry Median: -0.20 vs. IHC: 1.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
IHC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -3  Med: -0.2 Max: 1.4
Current: 1.2
-3
1.4

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.85
IHC's Price-to-Tangible-Book is ranked higher than
83% of the 102 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.87 vs. IHC: 0.85 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
IHC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.49  Med: 0.94 Max: 2.1
Current: 0.85
0.49
2.1
Price-to-Median-PS-Value 2.25
IHC's Price-to-Median-PS-Value is ranked lower than
98% of the 87 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.10 vs. IHC: 2.25 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
IHC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.37  Med: 1.65 Max: 3.38
Current: 2.25
0.37
3.38
Price-to-Peter-Lynch-Fair-Value 1.20
IHC's Price-to-Peter-Lynch-Fair-Value is ranked higher than
51% of the 37 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.17 vs. IHC: 1.20 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
IHC' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.32  Med: 0.73 Max: 3.96
Current: 1.2
0.32
3.96
Price-to-Graham-Number 0.80
IHC's Price-to-Graham-Number is ranked higher than
79% of the 86 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.20 vs. IHC: 0.80 )
Ranked among companies with meaningful Price-to-Graham-Number only.
IHC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.33  Med: 0.67 Max: 2.4
Current: 0.8
0.33
2.4
Earnings Yield (Greenblatt) % 12.63
IHC's Earnings Yield (Greenblatt) % is ranked higher than
72% of the 123 Companies
in the Global Insurance - Life industry.

( Industry Median: 8.41 vs. IHC: 12.63 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
IHC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.1  Med: 9.3 Max: 28.2
Current: 12.63
1.1
28.2
Forward Rate of Return (Yacktman) % -8.73
IHC's Forward Rate of Return (Yacktman) % is ranked lower than
95% of the 57 Companies
in the Global Insurance - Life industry.

( Industry Median: 21.61 vs. IHC: -8.73 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
IHC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -31  Med: -4.85 Max: 29.5
Current: -8.73
-31
29.5

More Statistics

Revenue (TTM) (Mil) $359.1
EPS (TTM) $ 6.87
Beta0.12
Short Percentage of Float1.80%
52-Week Range $15.05 - 21.23
Shares Outstanding (Mil)16.53
» More Articles for IHC

Headlines

Articles On GuruFocus.com
Independence Holding Company Reports Operating Results (10-Q) May 17 2010 
Independence Holding Company Reports Operating Results (10-Q) Nov 09 2009 

More From Other Websites
Independence Holding Company Repurchases Shares in Private Transaction Mar 22 2017
Independence Holding Co.: Strong price momentum but will it sustain? Mar 20 2017
Independence Holding Co. breached its 50 day moving average in a Bullish Manner : IHC-US : March 20,... Mar 20 2017
Independence Holding Co. : IHC-US: Dividend Analysis : January 02nd, 2017 (record date) : By the... Feb 16 2017
Independence Holding Company Repurchases Shares in Private Transaction Feb 02 2017
Independence Holding Company Repurchases Shares Jan 30 2017
Independence Holding Co. breached its 50 day moving average in a Bullish Manner : IHC-US : January... Jan 25 2017
Independence Holding Co. breached its 50 day moving average in a Bearish Manner : IHC-US : January... Jan 09 2017
A.M. Best Affirms Credit Ratings of Independence Holding Company and Its Subsidiaries Dec 22 2016
A.M. Best Affirms Credit Ratings of Independence Holding Company and Its Subsidiaries Dec 22 2016
ETFs with exposure to Independence Holding Co. : December 2, 2016 Dec 02 2016
Independence Holding Co. :IHC-US: Earnings Analysis: Q3, 2016 By the Numbers : November 23, 2016 Nov 23 2016
INDEPENDENCE HOLDING CO Financials Nov 17 2016
INDEPENDENCE HOLDING CO Files SEC form 8-K, Submission of Matters to a Vote of Security Holders Nov 14 2016
INDEPENDENCE HOLDING CO Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Nov 10 2016
Independence Holding Company Announces 2016 Third-Quarter and Nine-Month Results Nov 09 2016
INDEPENDENCE HOLDING CO Files SEC form 10-Q, Quarterly Report Nov 09 2016
Independence Holding Company Announces Redemption of Its Trust Preferred Securities Oct 17 2016
Independence Holding Co. : IHC-US: Dividend Analysis : July 06th, 2016 (record date) : By the... Oct 10 2016
ETF’s with exposure to Independence Holding Co. : September 14, 2016 Sep 14 2016

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