Roy T. K. Thung
Roy T. K. Thung is the Chief Executive Officer, President and Chairman of the Board of Directors of
Independence Holding Company (NYSE: IHC), having served IHC in various capacities since its founding in
1980. Mr. Thung also serves as Chief Executive Officer, and as a director of The Aristotle Corporation.
The Aristotle Corporation are affiliates of IHC.
Mr. Thung holds an M.B.A. from the Stern School of Business at New York University.
Larry R. Graber
Larry R. Graber is Chief Life and Annuity Actuary and Senior Vice President of Independence Holding Company (NYSE: IHC).
He is also a director of IHC, and President of Madison National Life Insurance Company, Inc., a wholly owned subsidiary
Mr. Graber has more than 30 years of experience in life and annuity acquisitions. He has been involved in more than
130 acquisitions of life and annuity blocks or companies, dealing with state insurance departments, state guaranty
associations, NOLGHA, and insurance companies. Prior to joining IHC, Mr. Graber owned an acquisition consulting firm
and was President of Hill Country Life Insurance Company.
Mr. Graber attended Weatherford College and the University of Texas at Austin. He also has a MBA from the
University of Texas at Austin.
Teresa A. Herbert
Teresa A. Herbert is Chief Financial Officer and Senior Vice President of Independence Holding Company (NYSE: IHC),
having served IHC in various capacities since 1988.
Prior to joining IHC, Ms. Herbert worked for KPMG LLC. She holds an accounting degree from Rutgers University
and is licensed as a Certified Public Accountant in the state of New Jersey.
David T. Kettig
David T. Kettig is Executive Vice President and Chief Operating Officer of Independence Holding Company (NYSE: IHC), having served IHC in various capacities since 1992.
In addition, Mr. Kettig serves as President of Independence American Insurance Company and Chairman and Chief Executive Officer of Standard Security Life Insurance Company
of New York. He is also President and Chief Executive Officer of IHC Specialty Benefits.
Mr. Kettig is a frequent contributor to trade publications and is a regular speaker at industry events on trends in the health insurance industry and the future of health
care policy in the United States.
Prior to joining IHC, Mr. Kettig practiced law with a large firm based in New York
City. He holds a law degree from Cornell Law School and is a graduate of Hamilton
Gary J. Balzofiore
Gary J. Balzofiore is Corporate Vice President – Accounting and Finance of Independence Holding Company (NYSE:IHC).
Mr. Balzofiore is also President of Standard Security Life Insurance Company of New York, a wholly owned subsidiary of IHC.
Mr. Balzofiore holds a Bachelor of Science in Accounting from Wagner College. He has over 35 years of professional experience in the insurance industry.