Independence Holding Company (IHC) financial statements (2021 and earlier)

Company profile

Business Address 96 CUMMINGS POINT RD
STAMFORD, CT 06902
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2727291925
Cash and cash equivalents 2626221925
Short-term investments 10700
Total current assets: 2727291925
Noncurrent Assets
Property, plant and equipment     (14)
Long-term investments and receivables 121923  
Long-term investments 121923  
Intangible assets, net (including goodwill) 6465526862
Goodwill 5151425350
Intangible assets, net (excluding goodwill) 1315101612
Customer funds  11182333
Total noncurrent assets: 7695939181
Other undisclosed assets 9349191,0121,0881,082
TOTAL ASSETS: 1,0381,0411,1341,1981,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 584604695865887
Total liabilities: 584604695865887
Temporary equity, carrying amount 22   
Stockholders' equity
Stockholders' equity attributable to parent 449432437323291
Common stock 1919191919
Treasury stock, value (66)(63)(17)(14)(12)
Additional paid in capital 124125126128127
Accumulated other comprehensive income (loss) (8)(5)(7)(3)0
Retained earnings 380356316194158
Stockholders' equity attributable to noncontrolling interest 333910
Total stockholders' equity: 451434439333301
TOTAL LIABILITIES AND EQUITY: 1,0381,0411,1341,1981,188

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 351320311533534
Premiums earned, net 321
Financial services revenue299279492500
Cost of revenue (144)(135)(145)(311)(331)
Policyholder benefits and claims incurred, net (144)
Financial services costs(135)(145)(307)(326)
Gross profit: 207185166222203
Operating expenses (169)(157)(132)(172)(182)
Other undisclosed operating income (loss)    (2)2
Operating income: 3828344823
Nonoperating income
(Investment Income, Nonoperating)
     8
Interest and debt expense   (2)(2)(2)
Income from continuing operations before equity method investments, income taxes: 3828324629
Income from equity method investments     1
Income from continuing operations before income taxes: 3828324630
Income tax expense (benefit) (8)14(10)(18)(6)
Income from continuing operations: 2942232924
Income from discontinued operations   111  
Income before gain (loss) on sale of properties: 29421332924
Other undisclosed net income (loss)    2(7)
Net income: 29421333117
Net loss attributable to noncontrolling interest (1)(0)(10)(1)(1)
Net income available to common stockholders, diluted: 28421233016

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 29421333117
Other comprehensive income (loss) (3)3(4)(3)11
Comprehensive income: 26451302728
Comprehensive loss, net of tax, attributable to noncontrolling interest (1)(0)(10)(1)(1)
Comprehensive income, net of tax, attributable to parent: 25451202627

Statements sources

The financial statements are based on the company's filings with the 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.

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