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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 : 7/10

vs
industry
vs
history
Cash to Debt 0.43
IHC's Cash to Debt is ranked lower than
85% of the 92 Companies
in the Global Insurance - Life industry.

( Industry Median: 10.41 vs. IHC: 0.43 )
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: 0.43
Equity to Asset 0.26
IHC's Equity to Asset is ranked higher than
86% of the 93 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.09 vs. IHC: 0.26 )
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: 0.26
Current: 0.26
0.13
0.26
Interest Coverage 24.04
IHC's Interest Coverage is ranked higher than
57% of the 63 Companies
in the Global Insurance - Life industry.

( Industry Median: 12.84 vs. IHC: 24.04 )
Ranked among companies with meaningful Interest Coverage only.
IHC' s Interest Coverage Range Over the Past 10 Years
Min: 1.46  Med: 10.59 Max: 18.96
Current: 24.04
1.46
18.96
F-Score: 4
M-Score: -1.90
WACC vs ROIC
4.57%
9.30%
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 : 6/10

vs
industry
vs
history
Operating margin (%) 8.06
IHC's Operating margin (%) is ranked lower than
57% of the 92 Companies
in the Global Insurance - Life industry.

( Industry Median: 9.05 vs. IHC: 8.06 )
Ranked among companies with meaningful Operating margin (%) only.
IHC' s Operating margin (%) Range Over the Past 10 Years
Min: -11.56  Med: 4.40 Max: 9.91
Current: 8.06
-11.56
9.91
Net-margin (%) 5.43
IHC's Net-margin (%) is ranked lower than
61% of the 93 Companies
in the Global Insurance - Life industry.

( Industry Median: 7.11 vs. IHC: 5.43 )
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: 5.84
Current: 5.43
-6.74
5.84
ROE (%) 9.80
IHC's ROE (%) is ranked higher than
53% of the 93 Companies
in the Global Insurance - Life industry.

( Industry Median: 9.65 vs. IHC: 9.80 )
Ranked among companies with meaningful ROE (%) only.
IHC' s ROE (%) Range Over the Past 10 Years
Min: -12.37  Med: 5.56 Max: 10.03
Current: 9.8
-12.37
10.03
ROA (%) 2.44
IHC's ROA (%) is ranked higher than
80% of the 93 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.74 vs. IHC: 2.44 )
Ranked among companies with meaningful ROA (%) only.
IHC' s ROA (%) Range Over the Past 10 Years
Min: -1.85  Med: 1.12 Max: 1.63
Current: 2.44
-1.85
1.63
Revenue Growth (3Y)(%) 8.40
IHC's Revenue Growth (3Y)(%) is ranked higher than
58% of the 81 Companies
in the Global Insurance - Life industry.

( Industry Median: 6.80 vs. IHC: 8.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
IHC' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -1.2  Med: 11.50 Max: 46.2
Current: 8.4
-1.2
46.2
EBITDA Growth (3Y)(%) -7.20
IHC's EBITDA Growth (3Y)(%) is ranked lower than
86% of the 78 Companies
in the Global Insurance - Life industry.

( Industry Median: 9.20 vs. IHC: -7.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
IHC' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -29.3  Med: 13.40 Max: 69.8
Current: -7.2
-29.3
69.8
EPS Growth (3Y)(%) 7.90
IHC's EPS Growth (3Y)(%) is ranked lower than
52% of the 75 Companies
in the Global Insurance - Life industry.

( Industry Median: 9.50 vs. IHC: 7.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
IHC' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -60.3  Med: 10.30 Max: 143.2
Current: 7.9
-60.3
143.2
» IHC's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-08-06)


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q2 2015

IHC Guru Trades in Q2 2015

First Eagle Investment 599,101 sh (+0.94%)
Chuck Royce 454,803 sh (unchged)
Jim Simons Sold Out
» More
Q3 2015

IHC Guru Trades in Q3 2015

Chuck Royce 454,803 sh (unchged)
First Eagle Investment 570,287 sh (-4.81%)
» More
Q4 2015

IHC Guru Trades in Q4 2015

First Eagle Investment 572,271 sh (+0.35%)
Chuck Royce 433,044 sh (-4.78%)
» More
Q1 2016

IHC Guru Trades in Q1 2016

First Eagle Investment 597,064 sh (+4.33%)
Chuck Royce 414,603 sh (-4.26%)
» 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
Compare:XKRX:082640, NAS:NWLI, TPE:2867, IST:ANHYT, XTAE:CLIS, LSE:CSN » 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
P/E(ttm) 9.61
IHC's P/E(ttm) is ranked higher than
71% of the 87 Companies
in the Global Insurance - Life industry.

( Industry Median: 12.50 vs. IHC: 9.61 )
Ranked among companies with meaningful P/E(ttm) only.
IHC' s P/E(ttm) Range Over the Past 10 Years
Min: 5.42  Med: 13.63 Max: 83.47
Current: 9.61
5.42
83.47
PE(NRI) 9.61
IHC's PE(NRI) is ranked higher than
73% of the 86 Companies
in the Global Insurance - Life industry.

( Industry Median: 12.53 vs. IHC: 9.61 )
Ranked among companies with meaningful PE(NRI) only.
IHC' s PE(NRI) Range Over the Past 10 Years
Min: 5.4  Med: 13.92 Max: 126.2
Current: 9.61
5.4
126.2
P/B 0.88
IHC's P/B is ranked higher than
60% of the 91 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.19 vs. IHC: 0.88 )
Ranked among companies with meaningful P/B only.
IHC' s P/B Range Over the Past 10 Years
Min: 0.24  Med: 0.76 Max: 1.73
Current: 0.88
0.24
1.73
P/S 0.53
IHC's P/S is ranked higher than
78% of the 90 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.04 vs. IHC: 0.53 )
Ranked among companies with meaningful P/S only.
IHC' s P/S Range Over the Past 10 Years
Min: 0.11  Med: 0.43 Max: 1.23
Current: 0.53
0.11
1.23
EV-to-EBIT 6.92
IHC's EV-to-EBIT is ranked higher than
61% of the 72 Companies
in the Global Insurance - Life industry.

( Industry Median: 8.33 vs. IHC: 6.92 )
Ranked among companies with meaningful EV-to-EBIT only.
IHC' s EV-to-EBIT Range Over the Past 10 Years
Min: -20.3  Med: 10.50 Max: 92.7
Current: 6.92
-20.3
92.7
EV-to-EBITDA 6.46
IHC's EV-to-EBITDA is ranked higher than
62% of the 72 Companies
in the Global Insurance - Life industry.

( Industry Median: 7.94 vs. IHC: 6.46 )
Ranked among companies with meaningful EV-to-EBITDA only.
IHC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -95.7  Med: 8.30 Max: 33
Current: 6.46
-95.7
33
Shiller P/E 29.74
IHC's Shiller P/E is ranked lower than
88% of the 41 Companies
in the Global Insurance - Life industry.

( Industry Median: 15.55 vs. IHC: 29.74 )
Ranked among companies with meaningful Shiller P/E only.
IHC' s Shiller P/E Range Over the Past 10 Years
Min: 3.07  Med: 15.35 Max: 30.52
Current: 29.74
3.07
30.52

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.56
IHC's Dividend Yield is ranked lower than
99.99% of the 117 Companies
in the Global Insurance - Life industry.

( Industry Median: 4.06 vs. IHC: 0.56 )
Ranked among companies with meaningful Dividend Yield only.
IHC' s Dividend Yield Range Over the Past 10 Years
Min: 0.21  Med: 0.53 Max: 2.03
Current: 0.56
0.21
2.03
Dividend Payout 0.05
IHC's Dividend Payout is ranked higher than
95% of the 88 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.30 vs. IHC: 0.05 )
Ranked among companies with meaningful Dividend Payout only.
IHC' s Dividend Payout Range Over the Past 10 Years
Min: 0.06  Med: 0.14 Max: 0.46
Current: 0.05
0.06
0.46
Dividend Growth (3y) 15.90
IHC's Dividend Growth (3y) is ranked higher than
60% of the 50 Companies
in the Global Insurance - Life industry.

( Industry Median: 13.60 vs. IHC: 15.90 )
Ranked among companies with meaningful Dividend Growth (3y) only.
IHC' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 2.80 Max: 21.6
Current: 15.9
0
21.6
Forward Dividend Yield 0.56
IHC's Forward Dividend Yield is ranked lower than
99.99% of the 117 Companies
in the Global Insurance - Life industry.

( Industry Median: 5.42 vs. IHC: 0.56 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 0.99
IHC's Yield on cost (5-Year) is ranked lower than
99.99% of the 115 Companies
in the Global Insurance - Life industry.

( Industry Median: 5.82 vs. IHC: 0.99 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
IHC' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.37  Med: 0.93 Max: 3.58
Current: 0.99
0.37
3.58
3-Year Average Share Buyback Ratio 1.30
IHC's 3-Year Average Share Buyback Ratio is ranked higher than
79% of the 67 Companies
in the Global Insurance - Life industry.

( Industry Median: -0.50 vs. IHC: 1.30 )
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: -0.20 Max: 21.4
Current: 1.3
-3
21.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.07
IHC's Price/Tangible Book is ranked higher than
60% of the 88 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.58 vs. IHC: 1.07 )
Ranked among companies with meaningful Price/Tangible Book only.
IHC' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.49  Med: 0.96 Max: 2.1
Current: 1.07
0.49
2.1
Price/Projected FCF 1.12
IHC's Price/Projected FCF is ranked lower than
75% of the 55 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.56 vs. IHC: 1.12 )
Ranked among companies with meaningful Price/Projected FCF only.
IHC' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.21  Med: 1.08 Max: 2.06
Current: 1.12
0.21
2.06
Price/Median PS Value 1.22
IHC's Price/Median PS Value is ranked lower than
70% of the 84 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.02 vs. IHC: 1.22 )
Ranked among companies with meaningful Price/Median PS Value only.
IHC' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.37  Med: 1.78 Max: 3.38
Current: 1.22
0.37
3.38
Price/Graham Number 0.68
IHC's Price/Graham Number is ranked higher than
65% of the 77 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.90 vs. IHC: 0.68 )
Ranked among companies with meaningful Price/Graham Number only.
IHC' s Price/Graham Number Range Over the Past 10 Years
Min: 0.32  Med: 0.67 Max: 2.4
Current: 0.68
0.32
2.4
Earnings Yield (Greenblatt) (%) 14.41
IHC's Earnings Yield (Greenblatt) (%) is ranked higher than
69% of the 89 Companies
in the Global Insurance - Life industry.

( Industry Median: 10.20 vs. IHC: 14.41 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
IHC' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.1  Med: 9.20 Max: 21.1
Current: 14.41
1.1
21.1
Forward Rate of Return (Yacktman) (%) 4.91
IHC's Forward Rate of Return (Yacktman) (%) is ranked lower than
84% of the 58 Companies
in the Global Insurance - Life industry.

( Industry Median: 14.97 vs. IHC: 4.91 )
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: -23.1  Med: 6.70 Max: 22.6
Current: 4.91
-23.1
22.6

More Statistics

Revenue (TTM) (Mil) $534.9
EPS (TTM) $ 1.67
Beta0.40
Short Percentage of Float1.14%
52-Week Range $11.29 - 16.91
Shares Outstanding (Mil)17.26
» More Articles for NYSE: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 

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