This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

A.M. Best Company Affirms A- (Excellent) Group Rating Of All Carriers In The IHC Group

STAMFORD, Conn., Nov. 21, 2013 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC) today announced that A.M. Best Company has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of "a-" of Madison National Life Insurance Company, Inc., Standard Security Life Insurance Company of New York and Independence American Insurance Company. The outlook for all ratings is stable.

A.M. Best stated, "The ratings reflect the group's consistent profitability, the execution of its business strategy and its more than adequate risk-adjusted capitalization. Independence Holding's insurance operating companies, facilitated by strong relationships with various partners, continue to generate fairly consistent operating earnings across its many lines of business. Earnings continue to improve driven by increased medical stop-loss and group major medical sales in addition to more conservative underwriting, which has resulted in lower loss ratios." A.M. Best further commented, "The ratings also reflect the implementation of Independence Holding's strategic business plan to facilitate premium growth, which entailed selectively expanding its product portfolio and emphasizing lines that were expected to be only marginally impacted by the Patient Protection and Affordable Care Act. Recent product offerings include pet insurance, international medical and non-subscriber occupational accident from Independence American."

Roy Thung, Chief Executive Officer of IHC, commented, "We are very gratified that A.M. Best has affirmed our group rating of 'A- (Excellent).' In doing so, A.M. Best has recognized our organization's continuing product and earnings diversification, conservative underwriting and enhanced capital position. We are particularly pleased with the significant increase in interest in IHC's new stop-loss products for smaller self-funded groups and group captive arrangements.   Group captive arrangements provide an excellent alternative for small- to medium-sized employers to avail themselves of the advantages of self-funding while enjoying the safety in numbers afforded by the pooling of risk within the captive structure. We believe that stop-loss and ancillary products are becoming increasingly attractive options for purchasers of group health insurance as a result of the Affordable Care Act."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs