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Horace Mann to Buy Madison National

Horace Mann to Buy Madison National
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IHC Announces Agreement to Sell a Controlling Interest in Pet Division and the Stock of Independence American Insurance Company

Home / Top News / IHC Announces Agreement to Sell a Controlling Interest in Pet Division and the Stock of Independence American Insurance Company
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 different dates. ....

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IHC Announces 2020 Fourth-Quarter and Annual Results

IHC Announces 2020 Fourth-Quarter and Annual Results
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AM Best Affirms Credit Ratings of Independence Holding Company and Its Subsidiaries

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AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- for the subsidiaries of Independence Holding Company (collectively referred to as Independence Holding Company Group or the group) (headquartered in Stamford, CT) (NYSE:IHC). (See below for a detailed list of companies.)
Concurrently, AM Best has affirmed the Long-Term ICR of bbb- of Independence Holding Company. The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Independence Holding Company Group s balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). ....

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Independence Holding Company Announces Semi-Annual Cash Dividend

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STAMFORD, Conn., Dec. 11, 2020 (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 24, 2020, with a payment date of January 7, 2021.
About The IHC Group
Independence Holding Company (NYSE:IHC), formed in 1980, is a holding company that is principally engaged in underwriting, administering and/or distributing group and individual specialty benefit products, including disability, supplemental health, pet, and group life insurance through its subsidiaries (Independence Holding Company and its subsidiaries collectively referred to as The IHC Group ). The IHC Group consists of three insurance companies (Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc. and Independence American Insurance Company). We also own the following agencies: (i) PetPartners, Inc., our pet in ....

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