| Business Summary | | Independence
Holding
Company
is
a
holding
company
engaged
principally
in
the
life
and
health
insurance
business
through
its
wholly
owned
subsidiaries,
Standard
Security
Life
Insurance
Company
of
New
York,
Madison
National
Life
Insurance
Company,
Inc.,
First
Standard
Security
Insurance
Company,
IndependenceCare
Holdings
L.L.C.
and
their
subsidiaries.
Standard
Life
markets
stop-loss
insurance
for
self-insured
group
medical
plans.
Standard
Life
also
markets
a
short-term
statutory
disability
benefit
product
in
New
York
State.
Madison
Life
and
Standard
Life
sell
group
long-term
disability
(LTD)
products
to
employers
that
wish
to
provide
this
benefit
to
their
employees.
Madison
Life
and
Standard
Life
sell
group
term
life
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | INHO
is
a
financial
services
holding
company
engaged
in
life
and
health
insurance
activities
through
wholly
owned
subsidiaries:
Standard
Life,
Madison
Life,
First
Standard
and
IndependenceCare.
For
the
six
months
ended
6/30/01,
revenues
increased
28%
to
$75.6
million.
Net
income
increased
37%
to
$8
million.
Revenues
benefited
from
realized
gain
on
securities
and
an
increase
in
premiums
written.
Earnings
benefited
from
lower
operating
expenses
as
a
percentage
of
revenue. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Edward Netter, 68 Chairman | $227K | Roy Thung, 57 Pres,
CEO, Director | 621K | Steven Lapin, 55 Vice
Chairman | -- | Teresa Herbert, 39 VP,
CFO | -- | Roy Standfest, 37 VP
-- Investments and CIO | 301K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|