reports
Independence Holding Company Announces Completion of Merger
Independence Holding Company Announces Completion of Merger STAMFORD, Conn., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) (the “Company”) today announced the completion of the merger (the “Merger”) of the Company with Geneve Acquisition Corp., a Delaware corporation (“Merger Sub”) and indirect wholly-owned subsidiary of Geneve Holdings, Inc., a Delaware corporation (“Geneve”), pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated November 9, 2011, by and among the Company, Geneve and Merger Sub. At a special me...
Independence Holding Company Declares Dividends in Connection With Pot...
Independence Holding Company Declares Dividends in Connection With Potential Going-Private Transaction STAMFORD, Conn., Feb. 04, 2022 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) (the “Company” or “IHC”) today announced that its Board of Directors has declared a prorated dividend on the Company’s shares of common stock, contingent upon the consummation of the merger of Geneve Acquisition Corp., an indirect wholly-owned subsidiary of Geneve Holdings, Inc. (“Geneve”), with and into the Company, resulting in the Company being an indirect wholly-owned subsidiary of Geneve (the...
IHC Announces Completion of the Sale of Standard Security Life Insuran...
IHC Announces Completion of the Sale of Standard Security Life Insurance Company of New York STAMFORD, Conn., Jan. 03, 2022 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today announced the completion of the sale of its subsidiary Standard Security Life Insurance Company of New York (“Standard Security Life”) to Reliance Standard Life Insurance Company (“Reliance Standard”). All conditions to the consummation of the sale were satisfied and the transaction closed effective January 1, 2022. Roy T. K. Thung, Chief Executive Officer, commented, “We are very pleased to find a g...
IHC Announces Completion of the Sale of Madison National Life Insuran...
IHC Announces Completion of the Sale of Madison National Life Insurance Company, Inc. STAMFORD, Conn., Jan. 03, 2022 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today announced the completion of the sale of its subsidiary Madison National Life Insurance Company, Inc. (“Madison National Life”) to Horace Mann Educators Corporation (“Horace Mann”). All conditions to the consummation of the sale were satisfied and the transaction closed effective January 1, 2022. Roy T. K. Thung, Chief Executive Officer, commented, “We are very pleased that the transaction closed on schedul...
IHC Announces Completion of the Sale of a Controlling Interest in Its...
IHC Announces Completion of the Sale of a Controlling Interest in Its Pet Division and the Stock of Independence American Insurance Company STAMFORD, Conn., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today announced the completion of the sale of a controlling interest in its pet division and in the stock of Independence American Holdings Corp., including its subsidiary Independence American Insurance Company (“Independence American”), to a subsidiary of Independence Pet Holdings, Inc. (f/k/a Iguana Capital, Inc.) (“Independence Pet”), an investment compan...
Independence Holding Company Announces Semi-Annual Cash Dividend
Independence Holding Company Announces Semi-Annual Cash Dividend STAMFORD, Conn., Dec. 02, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported the declaration of its semi-annual cash dividend of $.22 per share of common stock, payable to stockholders of record on December 13, 2021 with a payment date of December 28, 2021. About Independence Holding Company Independence Holding Company (NYSE: IHC), through our current subsidiaries, underwrites and distributes health, group disability and life, New York State DBL and paid family leave, and pet insurance. IHC u...
Independence Holding Company Announces 2021 Third-Quarter and Nine-Mon...
Independence Holding Company Announces 2021 Third-Quarter and Nine-Month Results STAMFORD, Conn., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported 2021 third-quarter and nine-month results. Financial Results IHC reported a loss from continuing operations attributable to IHC, net of tax, of $11,512,000 or $.79 per share for the three months ended September 30, 2021 compared to a loss of $7,340,000 or $.50 per share for the three months ended September 30, 2020. Loss from continuing operations attributable to IHC, net of tax, of $23,514,000 or $1.6...
Independence Holding Company Announces Definitive Acquisition Agreemen...
Independence Holding Company Announces Definitive Acquisition Agreement STAMFORD, Conn., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) (the “Company”) today announced that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) to be acquired by Geneve Holdings, Inc. (the “Going Private Transaction”). Under the terms of the Merger Agreement, holders of the Company’s outstanding shares of common stock, excluding shares held by Geneve Holdings, Inc. and its wholly owned subsidiaries (collectively, “Geneve”), will receive $57.00 ...
Independence Holding Company Receives Preliminary Non-Binding Going-Pr...
Independence Holding Company Receives Preliminary Non-Binding Going-Private Offer STAMFORD, Conn., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC) today announced that its Board of Directors received a preliminary, non-binding offer from Geneve Holdings, Inc., which through its wholly-owned subsidiaries (collectively, “Geneve”) hold an aggregate of approximately 62.5% of the issued and outstanding shares of common stock of the Company (the “Common Stock”), to acquire all of the outstanding shares of Common Stock that are not already beneficially owned by Geneve i...
Independence Holding Company Announces 2021 Second-Quarter and Six-Mon...
Independence Holding Company Announces 2021 Second-Quarter and Six-Month Results STAMFORD, Conn., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported 2021 second-quarter and six-month results. Financial Results Net income attributable to IHC of $76,471,000 or $5.22 per share for the three months ended June 30, 2021 compared to $421,000 or $.03 per share, diluted, for the three months ended June 30, 2020. Net income attributable to IHC was $82,092,000 or $5.61 per share, diluted, for the six months ended June 30, 2021 compared to $4,699,000 or $...
IHC Announces Agreement to Sell Madison National Life to Horace Mann E...
IHC Announces Agreement to Sell Madison National Life to Horace Mann Educators Corporation STAMFORD, Conn., July 14, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported its agreement to sell Madison National Life Insurance Company, Inc. (“Madison National”) to Horace Mann Educators Corporation (NYSE: HMN). IHC and its wholly owned subsidiary Independence Capital Corp. (“ICC”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Horace Mann Educators Corporation (“Horace Mann”) to sell all of the issued and outstanding capital stock of Madis...
IHC Announces the Completion of the Sale of Its Controlling Interest i...
IHC Announces the Completion of the Sale of Its Controlling Interest in PetPartners, Inc. STAMFORD, Conn., June 30, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today announced that it has completed the sale of its 85% interest in PetPartners, Inc. (“PPI”) to Iguana Capital, Inc. (“Iguana Capital”), an investment company specifically formed to facilitate this transaction. As previously announced on May 17, 2021, IHC and its subsidiaries agreed to sell to Iguana Capital a controlling interest in IHC’s pet division, through IHC’s 85% interest in PPI and all of the stoc...
Independence Holding Company Announces Semi-Annual Cash Dividend
Independence Holding Company Announces Semi-Annual Cash Dividend STAMFORD, Conn., June 11, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported the declaration of its semi-annual cash dividend of $.22 per share of common stock, payable to stockholders of record on June 25, 2021 with a payment date of July 9, 2021. About Independence Holding Company Through our subsidiaries, Independence Holding Company (NYSE: IHC) underwrites and distributes health, group disability and life, New York State DBL and paid family leave, and pet insurance. IHC underwrites...
IHC Announces Agreement to Sell a Controlling Interest in Pet Division...
IHC Announces Agreement to Sell a Controlling Interest in Pet Division and the Stock of Independence American Insurance Company STAMFORD, Conn., May 17, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported its agreement to sell a controlling interest in its pet division and in the stock of Independence American Insurance Company (“Independence American”) to a subsidiary of Iguana Capital, Inc. (“Buyer”), an investment company specifically formed to facilitate this transaction. The transaction is structured as two agreements that are expected to close on differ...
Independence Holding Company Announces 2021 First-Quarter Results
Independence Holding Company Announces 2021 First-Quarter Results STAMFORD, Conn., May 06, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported 2021 first-quarter results. Financial Results Net income attributable to IHC was $5,621,000, or $.38 per share, diluted, for the three months ended March 31, 2021 compared to $4,278,000, or $.29 per share, diluted, for the three months ended March 31, 2020. The Company reported revenues of $124,657,000 for the three months ended March 31, 2021 compared to revenues for the three months ended March 31, 2020 of $103,997...
CORRECTION - IHC Announces Agreement to Sell Standard Security Life In...
CORRECTION - IHC Announces Agreement to Sell Standard Security Life Insurance Company of New York to Reliance Standard STAMFORD, Conn., April 20, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Thursday, April 15 by Independence Holding Company (NYSE: IHC), please be advised that the paragraph under About Independence Holding Company has been updated. The corrected release follows: Independence Holding Company (NYSE: IHC) today reported its agreement to sell Standard Security Life Insurance Company of New York to Reliance Standard Life Insurance Company, a member ...
IHC Announces Agreement to Sell Standard Security Life Insurance Compa...
IHC Announces Agreement to Sell Standard Security Life Insurance Company of New York to Reliance Standard STAMFORD, Conn., April 15, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported its agreement to sell Standard Security Life Insurance Company of New York to Reliance Standard Life Insurance Company, a member of the Tokio Marine Group. On April 14, 2021, Independence Holding Company (NYSE:IHC) (“IHC”) and its wholly owned subsidiary Independence Capital Corp. (“ICC”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Reliance Standard ...
IHC Announces 2020 Fourth-Quarter and Annual Results
IHC Announces 2020 Fourth-Quarter and Annual Results STAMFORD, Conn., March 15, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported 2020 fourth-quarter and annual results. Financial Results Net income attributable to IHC was $5,494,000, or $.37 per share, diluted, for the three months ended December 31, 2020 compared to a net loss of $(9,320,000), or $(.63) per share, diluted, for the three months ended December 31, 2019. Net income attributable to IHC was $18,881,000 or $1.28 per share, diluted, for the year ended December 31, 2020 compared to $12,396,...
Independence Holding Company Announces PetPartners, Inc. and the Ameri...
Independence Holding Company Announces PetPartners, Inc. and the American Kennel Club Expand Relationship in Response to Record Growth in Pet Ownership STAMFORD, Conn., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today announced that fueled by record growth in pet acquisition and registration, the (AKC®), the leading advocate for dogs, and PetPartners, Inc. (PPI), its longtime administrator of AKC Pet Insurance (insurance underwritten by ), announced an expanded licensing and marketing agreement which takes their relationship to an unprecedented new level. ...
Independence Holding Company Announces Affirmation of AM Best A- (Exce...
Independence Holding Company Announces Affirmation of AM Best A- (Excellent) Rating STAMFORD, Conn., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported that AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) for the insurance company subsidiaries of Independence Holding Company. Chief Executive Officer’s Comments Roy T. K. Thung, Chief Executive Officer, commented, “We are gratified that AM Best has affirmed our A- (Excellent) rating for all three of our insurance companies. IHC has a very strong balance sheet with no ind...
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