Independence Holding (IHC) Stock Price
Independence Holding Price
Revenue has compounded at 5.8% per year over the past 19 years to 443.86 M USD. Earnings per share have declined at 0.2% per year over the last 10 years. Independence Holding's net margin stands at 4.3%, down from 39.6% several years earlier. Independence Holding currently offers a dividend yield of about 0.77%. The payout ratio is around 35% of earnings. The dividend has grown at 12.1% per year over the past 19 years.
Independence Holding stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Independence Holding over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Independence Holding stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Independence Holding's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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Independence Holding Revenue, EBIT, Net Income
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Independence Holding Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM USD |
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| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEM USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| DIVIDENDDIV.USD |
| SHARESM |
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 296.00 | 364.00 | 402.00 | 353.00 | 357.00 | 435.00 | 417.00 | 428.00 | 575.00 | 533.00 | 522.00 | 311.00 | 320.00 | 350.00 | 374.00 | 443.00 |
| 31.56 | 22.97 | 10.44 | -12.19 | 1.13 | 21.85 | -4.14 | 2.64 | 34.35 | -7.30 | -2.06 | -40.42 | 2.89 | 9.38 | 6.86 | 18.45 |
| 36.49 | 39.01 | 35.82 | 30.59 | 42.58 | 34.02 | 117.03 | 100.00 | 100.00 | 100.00 | 101.92 | 100.00 | 100.00 | 100.00 | 53.48 | 45.15 |
| 108.00 | 142.00 | 144.00 | 108.00 | 152.00 | 148.00 | 488.00 | 428.00 | 575.00 | 533.00 | 532.00 | 311.00 | 320.00 | 350.00 | 200.00 | 200.00 |
| 29.00 | 24.00 | 6.00 | -40.00 | -18.00 | 36.00 | 18.00 | 24.00 | 23.00 | 23.00 | 48.00 | 134.00 | 28.00 | 37.00 | 25.00 | 29.00 |
| 9.80 | 6.59 | 1.49 | -11.33 | -5.04 | 8.28 | 4.32 | 5.61 | 4.00 | 4.32 | 9.20 | 43.09 | 8.75 | 10.57 | 6.68 | 6.55 |
| 17.00 | 14.00 | -2.00 | -23.00 | -7.00 | 21.00 | 13.00 | 19.00 | 13.00 | 16.00 | 29.00 | 123.00 | 42.00 | 28.00 | 12.00 | 18.00 |
| -22.73 | -17.65 | -114.29 | 1,050.00 | -69.57 | -400.00 | -38.10 | 46.15 | -31.58 | 23.08 | 81.25 | 324.14 | -65.85 | -33.33 | -57.14 | 50.00 |
| – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| 15.00 | 15.00 | 15.00 | 15.00 | 15.00 | 17.00 | 18.00 | 18.00 | 18.00 | 18.00 | 17.00 | 17.00 | 16.00 | 15.00 | 15.00 | 15.00 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Independence Holding generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Independence Holding retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Independence Holding's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Independence Holding has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Independence Holding's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Independence Holding stock margins
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Independence Holding Stock Revenue, EBIT, Earnings per Share
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Independence Holding business model & stock analysis
Independence Holding SWOT Analysis
Strengths
Independence Holding Co has a diverse portfolio of insurance products, allowing them to cater to a wide range of customer needs.
The company has a strong financial position and a solid track record of profitability.
Independence Holding Co boasts a highly experienced management team with deep industry knowledge.
Weaknesses
The company operates mainly within the United States, limiting its geographical reach and potentially missing out on international opportunities.
Independence Holding Co may face increased competition from larger, more established insurance companies.
The company's reliance on investment income exposes it to market fluctuations and potential financial risks.
Opportunities
There is an increasing demand for insurance products and services, presenting growth opportunities for Independence Holding Co.
Expanding into new markets or offering new insurance products could help the company diversify and capture additional market share.
Technological advancements in the insurance industry provide opportunities for automation and efficiency improvements, which could benefit Independence Holding Co.
Threats
Changing regulations and compliance requirements may increase the cost of doing business for Independence Holding Co.
Economic downturns or recessions could impact customer demand for insurance products, potentially affecting the company's financial performance.
Emerging insurtech companies utilizing innovative technologies pose a threat to the traditional insurance industry, including Independence Holding Co.
Independence Holding Employees
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Independence Holding Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Independence Holding historical P/E ratio, EBIT multiple, and P/S ratio
Independence Holding annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Independence Holding shares outstanding
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Independence Holding stock splits
Independence Holding Dividend History
23 years of dividend payments
Independence Holding dividend payout ratio
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Independence Holding Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 8/11/2008 | 0.18USD | - | 108.23 MUSD | - | 2008 Q2 |
| 5/19/2008 | 0.08USD | - | 103.14 MUSD | - | 2008 Q1 |
| 3/17/2008 | 0.07USD | - | 111.54 MUSD | - | 2007 Q4 |
| 11/9/2007 | 0.38USD | - | 110.95 MUSD | - | 2007 Q3 |
| 8/9/2007 | 0.39USD | - | 115.98 MUSD | - | 2007 Q2 |
| 5/10/2007 | 0.33USD | - | 102.75 MUSD | - | 2007 Q1 |
| 3/16/2007 | 0.35USD | - | 100.27 MUSD | - | 2006 Q4 |
| 11/9/2006 | 0.32USD | - | 100.51 MUSD | - | 2006 Q3 |
| 8/9/2006 | 0.28USD | - | 89.42 MUSD | - | 2006 Q2 |
| 5/10/2006 | 0.36USD | - | 88.32 MUSD | - | 2006 Q1 |
Independence Holding shareholder structure
| % | Name |
|---|---|
61.95953% | |
4.11706% | |
3.39320% | |
1.80849% | |
1.74824% | |
1.72104% |
Independence Holding Executives and Management Board
30 members · avg. age 64 · 7 % women
Mr. Michael Kemp (54)
Chief Underwriting Officer and Senior Vice President · since 2012
1.82 M USD
Management
Mr. Roy Thung (77)
Chairman of the Board, Chief Executive Officer · since 2017
Mr. Larry Graber (71)
Chief Life and Annuity Actuary, Senior Vice President and Director · since 2012
Mr. David Kettig (62)
President, Chief Operating Officer, Director · since 2018
Mr. Vincent Furfaro (57)
Senior Vice President - Corporate Development & Chief Information Security Officer, Director · since 2021
Bernon Erickson (51)
Chief Health Actuary and Senior Vice President · since 2007
Mr. Scott Wood (47)
Co-Chief Operating Officer, Senior Vice President · since 2006
Board of Directors
Mr. Steven Lapin (75)
Vice Chairman of the Board · since 1999
Edward Netter (78)
Chairman of the Board · since 2000
Mr. James Tatum (79)
Independent Director · since 2000
Mr. John Lahey (74)
Independent Director · since 2006
Mr. Allan Kirkman (77)
Independent Director · since 1980
Mr. Ronald Simon (82)
Independent Director · since 2016
Independence Holding Supply Chain
Independence Holding Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | -0.04 | 0.59 | — | ||
| 2 | 0.06 | -0.17 | — | ||
| 3 | Ebix Inc | 0.19 | -0.03 | — | |
| 4 | Anthem | 0.74 | 0.85 | — | |
| 5 | -0.86 | -0.86 | — |
Frequently asked questions about Independence Holding
Independence Holding Co (IHC) operates as a holding company that provides life and health insurance products and services. The business model of IHC revolves around offering a wide range of insurance solutions to individuals and businesses. IHC specializes in underwriting and distributing health, pet, specialty, life, and disability insurance policies through its subsidiaries. By diversifying its offerings, IHC aims to meet the diverse insurance needs of its customers efficiently. The company strives to provide innovative and customer-centric insurance solutions, positioning itself as a trusted provider in the insurance industry.
Independence Holding Co is primarily active in the insurance sector.
Independence Holding Co faces competition from several players in the market. Some of the main competitors of the company include Aflac Incorporated, CNO Financial Group, and MetLife. These companies also operate in the insurance and financial services sector and offer similar products and services. However, Independence Holding Co sets itself apart from its competitors by focusing on niche markets and providing innovative solutions. With its strong market presence and customer-centric approach, Independence Holding Co continues to thrive despite the competition.
Independence Holding Co, also known as IHC, is an established and renowned insurance holding company. With a rich history spanning over three decades, IHC has successfully grown into a prominent player in the insurance industry. Founded in 1980, the company focused initially on the life and health insurance sector and later expanded its offerings to include specialties like pet insurance, dental insurance, and group disability coverage. As a result of its strategic acquisitions and partnerships, IHC has diversified its portfolio to cater to a wide range of customers, providing comprehensive insurance solutions across multiple markets. Known for its financial stability, innovation, and exceptional customer service, Independence Holding Co continues to thrive and serve as a leading provider in the insurance market.
Independence Holding Co. has achieved several significant milestones throughout its history. The company has successfully established itself as a leading provider of specialized insurance products and services. It has witnessed remarkable growth in its customer base and financial performance over the years. Independence Holding Co. has also expanded its product offerings to cater to diverse market needs, strengthening its competitive position. Additionally, the company has demonstrated resilience and adaptability, navigating challenging market conditions with strategic initiatives and innovative solutions. Independence Holding Co. continues to evolve as a trusted and reliable provider in the insurance industry, delivering value to its shareholders and maintaining a strong reputation.
Independence Holding Co is primarily present in the United States.
Independence Holding Co represents values of integrity, transparency, and commitment to its stakeholders. The company follows a corporate philosophy focused on delivering innovative insurance solutions and exceptional customer service. Independence Holding Co aims to provide financial security and peace of mind to individuals and families through its wide range of insurance products. With a customer-centric approach and a dedication to ethical business practices, Independence Holding Co is dedicated to building long-term relationships and supporting the financial needs of its clients.
Converted at the current exchange rate, the Independence Holding share trades at 49.21 EUR (57.01 USD).
The Independence Holding share (IHC) is listed on 1 stock exchanges, including: NYSE (IHC).
Independence Holding Co (IHC) is a US-based company that offers a wide range of insurance and financial services. The company is headquartered in Stamford, Connecticut and was founded in 1980. One of IHC's core businesses is the sale of life insurance. The company offers various types of life insurance, including term, universal, and whole life insurance. The insurance policies are designed to meet the needs of different customers and can be customized individually. IHC specializes in life insurance and also offers group insurance plans for employers. Another important division of the company is health insurance. IHC offers health insurance plans for individuals and families, including short-term and long-term insurance as well as accident insurance. The insurance plans cover various healthcare services, including medical treatment, prescription drugs, and hospital stays. In addition to insurance, IHC also offers financial services, including retirement and investment funds, as well as retirement investment products. The company also offers specialized financial products to assist customers in planning and financing their education. IHC has also specialized in insurance administration. The company offers various administration services to manage insurance payments, claims, and customer service. These services include operating call centers, correspondence with customers and providers, and claims review. The company is also active in the real estate industry, with a number of subsidiaries including "The Manhattan Life Insurance Company," "Standard Security Life Insurance Company of New York," "Independence American Insurance Company," and "Madison National Life Insurance Company." These companies offer real estate investment products and specialize in real estate sales and management. Additionally, IHC has a subsidiary specializing in the sale of specialty products for pets. These products protect pets from emergencies and unexpected medical costs. The products include pet insurance, pet care services, and pet travel insurance. This wide range of insurance and financial services provides customers with the opportunity to find a tailored solution for their needs. IHC also offers innovative products to differentiate itself from competitors, such as specialized pet insurance, which is an attractive option for pet owners. Through the use of advanced technologies and a consumer-oriented approach, IHC has established itself as a leading company in the insurance industry.
The revenue cannot currently be calculated for Independence Holding.
The profit cannot currently be calculated for Independence Holding.
The P/E ratio cannot be calculated for Independence Holding at the moment.
The P/S cannot be calculated for Independence Holding currently.
The Eulerpool Quality Score for Independence Holding is 3/10.
The ISIN of Independence Holding is US4534403070. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Independence Holding is 922423. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Independence Holding is IHC. The ticker symbol is used to trade Independence Holding shares on the stock exchange.
Over the past 12 months, Independence Holding paid a dividend of 0.44 USD . This corresponds to a dividend yield of about 0.77 %. For the coming 12 months, Independence Holding is expected to pay a dividend of 0.44 USD.
The current dividend yield of Independence Holding is 0.77 %.
Independence Holding pays a dividend, distributed in the months of , , , .
Independence Holding paid dividends every year for the past 0 years.
For the upcoming 12 months, dividends amounting to 0.44 USD are expected. This corresponds to a dividend yield of 0.77 %.
Independence Holding is assigned to the 'Finance' sector.
To receive the latest dividend of Independence Holding from amounting to 0.06 USD, you needed to have the stock in your portfolio before the ex-date on .
The last dividend was paid out on .
In the year 2025, Independence Holding distributed 0.4 USD as dividends.
The dividends of Independence Holding are distributed in USD.
Independence Holding stock
Independence Holding Peer Group
Independence Holding Ticker
All fundamentals and in-depth analysis of Independence Holding
Our stock analysis for Independence Holding stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Independence Holding. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.