Earnings: Independence, Life Exchange
NU Online News Service, May 23, 2008, 4:38 p.m. EDT
Earnings%3A Independence%2C Life Exchange
Net income fell slightly, but health and medical stop-loss profit margins were stronger at Independence Holding Co. during the first quarter, the company says.
Here is a table that summarizes the earnings releases issued by IHC, Stamford, Conn., and by Life Exchange Inc., Miami.
|
Independence Holding Co.,
Stamford, Conn.
|
|
|
1Q 2008
|
1Q 2007
|
|
Revenue
|
$104 million
|
$103 million
|
|
Net Income
|
$3.1 million
|
$4.6 million
|
|
IHC, the parent of companies such as Standard Security Life Insurance Company of New York and Madison National Life Insurance Company Inc., says profit margins improved both for fully insured health plans and for medical stop-loss arrangements. Net investment income fell to $11 million, from $12 million.
|
|
Life Exchange Inc.,
Miami
|
|
|
1Q 2008
|
| |