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March 16, 2007 at 01:28 PM
Growing efforts to sell fully insured health coverage helped push up earnings at Independence Holding Company during the fourth quarter of 2006.
IHC, Stamford, Conn., is reporting $3.6 million in net income for the latest quarter on $93 million in revenue, up from $895,000 in net income on $83 million in revenue for the fourth quarter of 2005.
In 2004, IHC was known mainly for selling stop-loss coverage to self-funded employer-sponsored plans.
Since then, IHC has been moving into the markets for small group major medical, major medical for individuals and families, dental and vision benefits, short-term medical and limited-benefit medical.
