{"id":402089,"date":"2020-12-17T10:40:51","date_gmt":"2020-12-17T15:40:51","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402089"},"modified":"2020-12-17T10:40:51","modified_gmt":"2020-12-17T15:40:51","slug":"independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\/","title":{"rendered":"Independence Holding Company Announces Affirmation of AM Best A- (Excellent) Rating"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">STAMFORD, Conn., Dec.  17, 2020  (GLOBE NEWSWIRE) &#8212; Independence Holding Company (NYSE: IHC) today reported that <strong>AM Best <\/strong>has affirmed the Financial Strength Rating (FSR) of A- (Excellent) for the insurance company subsidiaries of Independence Holding Company.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Chief Executive Officer\u2019s Comments <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Roy T. K. Thung, Chief Executive Officer, commented, \u201cWe are gratified that AM Best has affirmed our A- (Excellent) rating for all three of our insurance companies.\u00a0\u00a0 IHC has a very strong balance sheet with no indebtedness and a very substantial amount of free cash at the corporate level and significant excess capital in our insurance companies. IHC recently declared its semi-annual cash dividend (which is $.44 per share annualized), and we expect to maintain or increase this dividend amount in the foreseeable future. We have made, and are continuing to make, material investments in ramping up our pet and Medicare divisions, which are both high growth lines of business.\u201d<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>About The IHC Group<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">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 \u201cThe IHC Group\u201d). 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 insurance administrator; (ii) IHC Specialty Benefits, Inc., a technology-driven full-service marketing and distribution company that focuses on small employer and individual consumer products through its call center, career agents, and Independence Brokerage Group; and (iii) The INSX Cloud Platform through My1HR, our wholly owned Web Based Entity. Our InsureTech division is comprised of our call centers, field and career agents, in-house MarTech artificial intelligence capabilities and domains, including <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5LTi0x3pqgQ88XA4Ub4Tj_Fjfcl7DvJti1WFpxMTIfSfkmMM6VruvXaaAsPLhM0mvxD5m0Uv_qjusqS8E5e7dUJ3pXXv_vPk6C8a-bm36ls=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.healthedeals.com<\/a>; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5LTi0x3pqgQ88XA4Ub4Tj1fDQqDu3TTQkIagzJzLvgIf_m8ldiwhStQyfDVylJw75TTvdInXbqEQYd9ixLTO4LqmLFGY8EcwVizAK04wneI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.healthinsurance.org<\/a>; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3Qih7aEwfpgzWz3JJgYsut3CgLoCpckoNymd0BSvvt8Ibu4DyJe8bWlmLpCKQou2xPA6j1kTql9lLkUWpuGz1xSOGZYOczwqWffMSXf9JE8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.medicareresources.org<\/a>; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2EzUXaqDftFRpos8fIPxnfgmUQnvthasshsiy1wc_K4lglgvajHYiYReld8cFlepT6opGoSxZI4jqOnjOA7N8Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.petplace.com<\/a>; and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Idl1U8ahU5ZHnhZbs7z5mqvwAKWpDCNadLzC2DAar5z57jtNM_Bz7_obv2bvx7E4NuCLL4qxLyXn2imLJn2ldvxXlzBFgOZLCX9BonnaBqg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.mypetinsurance.com<\/a><u>.<\/u><\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-looking Statements<\/em><br \/>\n        <\/strong><br \/>\n        <br \/>Certain statements and information contained in this release may be considered \u201cforward-looking statements,\u201d such as statements relating to management&#8217;s views with respect to future events and financial performance.\u00a0Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements.\u00a0 Potential risks and uncertainties include, but are not limited to, economic conditions in the markets in which IHC operates, new federal or state governmental regulation, IHC\u2019s ability to effectively operate, integrate and leverage any past or future strategic acquisition, and other factors which can be found in IHC\u2019s other news releases and filings with the Securities and Exchange Commission.\u00a0IHC expressly disclaims any duty to update its forward-looking statements unless required by applicable law.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:\u00a0Loan Nisser<br \/><\/strong><br \/>\n        <strong>(646) 509-2107<br \/><\/strong><br \/>\n        <strong>www.IHCGroup.com<\/strong>\n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNDE4NCMzODg2OTI3IzIwMDc0MTQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7c257070-869a-43fb-b190-d96bf3e27b8c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>STAMFORD, Conn., Dec. 17, 2020 (GLOBE NEWSWIRE) &#8212; Independence Holding Company (NYSE: IHC) today reported that AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) for the insurance company subsidiaries of Independence Holding Company. Chief Executive Officer\u2019s Comments Roy T. K. Thung, Chief Executive Officer, commented, \u201cWe are gratified that AM Best has affirmed our A- (Excellent) rating for all three of our insurance companies.\u00a0\u00a0 IHC has a very strong balance sheet with no indebtedness and a very substantial amount of free cash at the corporate level and significant excess capital in our insurance companies. IHC recently declared its semi-annual cash dividend (which is $.44 per share annualized), and we expect to maintain or increase this dividend &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Independence Holding Company Announces Affirmation of AM Best A- (Excellent) Rating&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402089","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Independence Holding Company Announces Affirmation of AM Best A- (Excellent) Rating - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Independence Holding Company Announces Affirmation of AM Best A- (Excellent) Rating - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"STAMFORD, Conn., Dec. 17, 2020 (GLOBE NEWSWIRE) &#8212; Independence Holding Company (NYSE: IHC) today reported that AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) for the insurance company subsidiaries of Independence Holding Company. Chief Executive Officer\u2019s Comments Roy T. K. Thung, Chief Executive Officer, commented, \u201cWe are gratified that AM Best has affirmed our A- (Excellent) rating for all three of our insurance companies.\u00a0\u00a0 IHC has a very strong balance sheet with no indebtedness and a very substantial amount of free cash at the corporate level and significant excess capital in our insurance companies. IHC recently declared its semi-annual cash dividend (which is $.44 per share annualized), and we expect to maintain or increase this dividend &hellip; Continue reading &quot;Independence Holding Company Announces Affirmation of AM Best A- (Excellent) Rating&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T15:40:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNDE4NCMzODg2OTI3IzIwMDc0MTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Independence Holding Company Announces Affirmation of AM Best A- (Excellent) Rating\",\"datePublished\":\"2020-12-17T15:40:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\\\/\"},\"wordCount\":485,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNDE4NCMzODg2OTI3IzIwMDc0MTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/independence-holding-company-announces-affirmation-of-am-best-a-excellent-rating\\\/\",\"name\":\"Independence Holding Company Announces Affirmation of AM Best A- (Excellent) Rating - 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Chief Executive Officer\u2019s Comments Roy T. K. Thung, Chief Executive Officer, commented, \u201cWe are gratified that AM Best has affirmed our A- (Excellent) rating for all three of our insurance companies.\u00a0\u00a0 IHC has a very strong balance sheet with no indebtedness and a very substantial amount of free cash at the corporate level and significant excess capital in our insurance companies. 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