Revenue Update on Independence Holding Company(NYSE:IHC)

Independence Holding Company(NYSE:IHC) announced the earnings results for Fiscal Year 2015 and Q4. The results came in during Pre-market on Jun 6, 2016. Earnings per share were $0.28.

Independence Holding Company (IHC) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.35% at a volume of 15,431. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.205. The peak price level was also seen at $17.205 while the days lowest was $17. Finally the shares closed at $17.04. The 52-week high of the shares is $17.44 while the 52-week low is $11.6. According to the latest information available, the market cap of the company is $293 M.

Independence Holding Company is a holding company principally engaged in the life and health insurance business. The Company provides specialized life and health coverage and related services to commercial customers and individuals. It focuses on niche products and/or narrowly defined distribution channels primarily in the United States. The Company’s wholly owned insurance company subsidiaries Standard Security Life Insurance Company of New York (Standard Security Life) and Madison National Life Insurance Company Inc. (Madison National Life) market their products through independent and affiliated brokers producers and agents. The Companies administrative businesses underwrite market administer and/or price life and health insurance business for its owned and affiliated carriers and for non-affiliated insurance companies.

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