Independence Holding Reports Lower Net Income

NU Online News Service, Nov. 5, 12:18 p.m. – Independence Holding Company Inc., Stamford, Conn., is reporting $3 million in net income for the third quarter on $37 million in revenue, compared with $3.3 million in net income on $34 million in revenue for the third quarter of 2000.

The holding company sells life insurance and managed care plans through three subsidiaries: Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc., and First Standard Security Insurance Company.