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Equity
3 Months Ended
Jun. 30, 2011
Equity  
Other Comprehensive Income, Noncontrolling Interest [Text Block]

Note 11.

Comprehensive Income (Loss)



The components of comprehensive income (loss) include: (i) net income or loss reported in the Condensed Consolidated Statements of Operations; (ii) the after-tax net unrealized gains and losses on investment securities available for sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired; and (iii) the non-credit related component of other-than-temporary impairments of fixed maturities, net of tax.



The comprehensive income for the three months and six months ended June 30, 2011 and 2010 is summarized as follows (in thousands):





 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Net income

$

3,464

$

2,263

$

7,264

$

18,513

Unrealized gains arising

 

 

 

 

 

 

 

 

 

during the period, net of income taxes

 

5,128

 

4,507

 

5,003

 

8,931

 

 

 

 

 

 

 

 

 

Comprehensive income

 

8,592

 

6,770

 

12,267

 

27,444

Less comprehensive income attributable to

 

 

 

 

 

 

 

 

 

noncontrolling interests

 

(711)

 

(565)

 

(1,296)

 

(781)

 

 

 

 

 

 

 

 

 

Comprehensive income attributable to IHC

$

7,881

$

6,205

$

10,971

$

26,663



Included in accumulated other comprehensive income at June 30, 2011 and December 31, 2010 are after-tax adjustments of $1,132,000 related to the non-credit related component of other-than-temporary impairment losses recorded in prior years. No losses for other-than-temporary impairments of fixed maturities were recognized in other comprehensive income during the six months ended June 30, 2011.