IHC - Dividend announcements

STAMFORD, Conn., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC) (the "Company") today announced the completion of the merger (the "Merger") of the Company with Geneve Acquisition Corp., a Delaware corporation ("Merger Sub") and indirect wholly-owned subsidiary of Geneve Holdings, Inc., a Delaware corporation ("Geneve"), pursuant to the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated November 9, 2011, by and among the Company, Geneve and Merger Sub. At a special meeting of the Company's stockholders held today, February 15, 2022, the proposal to adopt the Merger Agreement was approved by (i) holders of a majority of the issue

STAMFORD, Conn., Feb. 04, 2022 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC) (the "Company" or "IHC") today announced that its Board of Directors has declared a prorated dividend on the Company's shares of common stock, contingent upon the consummation of the merger of Geneve Acquisition Corp., an indirect wholly-owned subsidiary of Geneve Holdings, Inc. ("Geneve"), with and into the Company, resulting in the Company being an indirect wholly-owned subsidiary of Geneve (the "Merger"). If the requisite stockholder approvals to consummate the Merger are received at the special meeting of stockholders of the Company to be held on February 15, 2022 (the "Special Meeting"), the con

STAMFORD, Conn., Dec. 02, 2021 (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 13, 2021 with a payment date of December 28, 2021. About Independence Holding Company Independence Holding Company (NYSE:IHC), through our current subsidiaries, underwrites and distributes health, group disability and life, New York State DBL and paid family leave, and pet insurance. IHC underwrites policies in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands through our three carriers: Independence American Insurance Company, Standa

STAMFORD, Conn., June 11, 2021 (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 June 25, 2021 with a payment date of July 9, 2021. About Independence Holding Company Through our subsidiaries, Independence Holding Company (NYSE:IHC) underwrites and distributes health, group disability and life, New York State DBL and paid family leave, and pet insurance. IHC underwrites policies in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands through our three carriers: Independence American Insurance Company, Standard Securit

AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" of Standard Security Life Insurance Company of New York (SSL) (New York, NY). SSL is a subsidiary of Independence Holding Company (IHC) (headquartered in Stamford, CT) (NYSE:IHC); the ratings of IHC and its other insurance subsidiaries remain unchanged. This rating action follows the announcement that IHC has signed a definitive agreement to sell SSL to Reliance Standard Life Insurance Company (RSL), a subsidiary of Tokio Marine Holdings Inc., for approximately $180 million. At year-end 2020, SSL had statutory capit

STAMFORD, Conn., April 15, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC) today reported its agreement to sell Standard Security Life Insurance Company of New York to Reliance Standard Life Insurance Company, a member of the Tokio Marine Group. On April 14, 2021, Independence Holding Company (NYSE:IHC) ("IHC") and its wholly owned subsidiary Independence Capital Corp. ("ICC") entered into a Stock Purchase Agreement (the "Purchase Agreement") with Reliance Standard Life Insurance Company ("Reliance Standard") to sell all of the issued and outstanding capital stock of Standard Security Life Insurance Company of New York, an insurance company domiciled in the State of New Y

STAMFORD, Conn., March 15, 2021 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE: IHC) today reported 2020 fourth-quarter and annual results.      Financial Results Net income attributable to IHC was $5,494,000, or $.37 per share, diluted, for the three months ended December 31, 2020 compared to a net loss of $(9,320,000), or $(.63) per share, diluted, for the three months ended December 31, 2019. Net income attributable to IHC was $18,881,000 or $1.28 per share, diluted, for the year ended December 31, 2020 compared to $12,396,000 or $.83 per share, diluted, for the year ended December 31, 2019. The Company reported revenues of $119,342,000 for the three months ended December 31,

STAMFORD, Conn., Dec. 17, 2020 (GLOBE NEWSWIRE) -- 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’s Comments Roy T. K. Thung, Chief Executive Officer, commented, “We are gratified that AM Best has affirmed our A- (Excellent) rating for all three of our insurance companies.   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

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