Independence Holding Company (IHC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
96 CUMMINGS POINT RD STAMFORD, CT 06902 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 74,723 | 21,144 | 27,223 | 26,515 | 28,922 | 19,221 | |||
| Cash and cash equivalent | 72,089 | 21,094 | 26,173 | 26,465 | 22,010 | 19,171 | |||
| Short-term investments | 2,634 | 50 | 1,050 | 50 | 6,912 | 50 | |||
| Total current assets: | 74,723 | 21,144 | 27,223 | 26,515 | 28,922 | 19,221 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 9,454 | 6,672 | ✕ | ✕ | ✕ | ✕ | |||
| Long-term investments and receivables | 1,958 | 10,171 | 12,308 | 18,510 | 23,497 | ||||
| Long-term investments | 1,958 | 10,171 | 12,308 | 18,510 | 23,497 | ||||
| Intangible assets, net (including goodwill) | 90,046 | 73,544 | 63,860 | 65,366 | 51,695 | 68,457 | |||
| Goodwill | 74,900 | 60,165 | 50,697 | 50,697 | 41,573 | 52,940 | |||
| Intangible assets, net (excluding goodwill) | 15,146 | 13,379 | 13,163 | 14,669 | 10,122 | 15,517 | |||
| Customer funds | 11,108 | 17,952 | 22,755 | ||||||
| Total noncurrent assets: | 101,458 | 90,387 | 76,168 | 94,984 | 93,144 | 91,212 | |||
| Other undisclosed assets | 906,975 | 942,772 | 934,125 | 919,124 | 1,012,398 | 1,087,530 | |||
| TOTAL ASSETS: | 1,083,156 | 1,054,303 | 1,037,516 | 1,040,623 | 1,134,464 | 1,197,963 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 611,038 | 592,354 | 583,902 | 604,315 | 695,208 | 865,259 | |||
| Total liabilities: | 611,038 | 592,354 | 583,902 | 604,315 | 695,208 | 865,259 | |||
| Temporary equity, including noncontrolling interest | 2,312 | 2,237 | 2,183 | 2,065 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 469,764 | 459,694 | 448,749 | 431,544 | 436,559 | 323,351 | |||
| Common stock | 18,625 | 18,625 | 18,625 | 18,625 | 18,620 | 18,569 | |||
| Treasury stock, value | (77,088) | (69,724) | (66,392) | (63,404) | (17,483) | (13,961) | |||
| Additional paid in capital | 124,757 | 122,717 | 124,395 | 124,538 | 126,468 | 127,733 | |||
| Accumulated other comprehensive income (loss) | 4,197 | 1,212 | (8,310) | (4,598) | (6,964) | (3,440) | |||
| Retained earnings | 399,273 | 386,864 | 380,431 | 356,383 | 315,918 | 194,450 | |||
| Equity, attributable to noncontrolling interest | 42 | 18 | 2,682 | 2,699 | 2,697 | 9,353 | |||
| Total equity: | 469,806 | 459,712 | 451,431 | 434,243 | 439,256 | 332,704 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,083,156 | 1,054,303 | 1,037,516 | 1,040,623 | 1,134,464 | 1,197,963 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 443,864 | 374,448 | 350,775 | 320,494 | 311,004 | 532,868 | ||
| Premiums earned, net | 397,530 | 338,741 | 321,248 | ✕ | ✕ | ✕ | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 299,031 | 279,150 | 492,488 | |
| Cost of revenue | (208,217) | (174,121) | (144,206) | (135,054) | (145,231) | (310,702) | ||
| Policyholder benefits and claims incurred, net | (208,217) | (174,121) | (144,206) | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | (135,054) | (145,231) | (307,178) | |
| Gross profit: | 235,647 | 200,327 | 206,569 | 185,440 | 165,773 | 222,166 | ||
| Operating expenses | (205,797) | (174,979) | (169,028) | (157,104) | (132,174) | (172,180) | ||
| Other undisclosed operating loss | (1,798) | |||||||
| Operating income: | 29,850 | 25,348 | 37,541 | 28,336 | 33,599 | 48,188 | ||
| Interest and debt expense | (1,534) | (1,798) | ||||||
| Income from continuing operations before income taxes: | 29,850 | 25,348 | 37,541 | 28,336 | 32,065 | 46,390 | ||
| Income tax expense (benefit) | (10,732) | (12,659) | (8,488) | 13,794 | (9,555) | (17,666) | ||
| Income from continuing operations: | 19,118 | 12,689 | 29,053 | 42,130 | 22,510 | 28,724 | ||
| Income before gain (loss) on sale of properties: | ✕ | 19,118 | 12,689 | 29,053 | 42,130 | 133,314 | 28,724 | |
| Income from discontinued operations | 110,804 | |||||||
| Other undisclosed net income | 1,798 | |||||||
| Net income: | 19,118 | 12,689 | 29,053 | 42,130 | 133,314 | 30,522 | ||
| Net loss attributable to noncontrolling interest | (237) | (293) | (571) | (88) | (10,016) | (578) | ||
| Net income available to common stockholders, diluted: | 18,881 | 12,396 | 28,482 | 42,042 | 123,298 | 29,944 | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 19,118 | 12,689 | 29,053 | 42,130 | 133,314 | 30,522 | ||
| Other comprehensive income (loss) | 2,985 | 9,522 | (3,362) | 3,181 | (3,508) | (3,462) | ||
| Comprehensive income: | 22,103 | 22,211 | 25,691 | 45,311 | 129,806 | 27,060 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (237) | (293) | (571) | (88) | (10,134) | (583) | ||
| Comprehensive income, net of tax, attributable to parent: | 21,866 | 21,918 | 25,120 | 45,223 | 119,672 | 26,477 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.