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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments75 272729
Cash and cash equivalents72 262622
Short-term investments3 107
Total current assets:75 272729
Noncurrent Assets
Operating lease, right-of-use asset9 
Long-term investments and receivables2 121923
Long-term investments2 121923
Intangible assets, net (including goodwill)90 646552
Goodwill75 515142
Intangible assets, net (excluding goodwill)15 131510
Customer funds   1118
Total noncurrent assets:101 769593
Other undisclosed assets907 9349191,012
TOTAL ASSETS:1,083 1,0381,0411,134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities611 584604695
Total liabilities:611 584604695
Temporary equity, carrying amount2 22 
Stockholders' equity
Stockholders' equity attributable to parent470 449432437
Common stock19 191919
Treasury stock, value(77) (66)(63)(17)
Additional paid in capital125 124125126
Accumulated other comprehensive income (loss)4 (8)(5)(7)
Retained earnings399 380356316
Stockholders' equity attributable to noncontrolling interest0 333
Total stockholders' equity:470 451434439
TOTAL LIABILITIES AND EQUITY:1,083 1,0381,0411,134

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues444 351320311
Premiums earned, net398 321
Financial services revenue299279
Cost of revenue(208) (144)(135)(145)
Policyholder benefits and claims incurred, net(208) (144)
Financial services costs(135)(145)
Gross profit:236 207185166
Operating expenses(206) (169)(157)(132)
Operating income:30 382834
Interest and debt expense    (2)
Income from continuing operations before income taxes:30 382832
Income tax expense (benefit)(11) (8)14(10)
Income from continuing operations:19 294223
Income from discontinued operations    111
Net income:19 2942133
Net loss attributable to noncontrolling interest(0) (1)(0)(10)
Net income available to common stockholders, diluted:19 2842123

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:19 2942133
Other comprehensive income (loss)3 (3)3(4)
Comprehensive income:22 2645130
Comprehensive loss, net of tax, attributable to noncontrolling interest(0) (1)(0)(10)
Comprehensive income, net of tax, attributable to parent:22 2545120

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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