Independence Holding Company (NYSE:IHC) now holds a majority of the stock of a key affiliate, American Independence Corp. (Nasdaq:AMIC)
IHC, Stamford, Conn., a health insurer and medical stop-loss carrier, says it bought the shares of American Independence, New York, through open-market transactions.
In the past, American Independence has reported its financial results separately from those of IHC.
Starting with the first quarter of 2010, IHC will combine the American Independence results with the IHC results in financial reports.
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