Note 16 Common Stock	12 Months Ended
Dec. 31, 2011
Common Stock {1}
Common Stock	Note 16. Common Stock In 2011, IHC issued of an aggregate 600,218 shares of IHC’s common stock in various private placements of unregistered securities under Section 4(2) of the Securities Act of 1933, as amended, in connection with the acquisition of an aggregate 900,325 shares of AMIC common stock. See Note 2 regarding AMIC share acquisitions. Accordingly, the shares are "restricted securities", subject to a legend and will not be freely tradable in the United States until the shares are registered for resale under the Securities Act, or to the extent they are tradable under Rule 144 promulgated under the Securities Act or any other available exemption. In August 2011, pursuant to the Exchange Offer discussed in Note 2, IHC issued 693,228 shares of its common stock, plus a de minimis amount of cash paid in-lieu, in exchange for 1,109,225 shares of AMIC common stock. In 1991, IHC initiated a program of repurchasing shares of its common stock. In January 2010, the Board of Directors authorized the repurchase of up to 500,000 shares of IHC’s common stock, inclusive of prior authorizations, under the 1991 plan. Through December 31, 2011, the Company has repurchased 6,302,644 common shares at a cumulative cost of $40,468,000. This total includes repurchases of 112,197 shares and 206,400 shares in 2011 and 2010, respectively. No shares were repurchased in 2009. All of the repurchased shares have been either retired, reissued, or have become treasury shares. At December 31, 2011, there were 181,403 shares still authorized to be repurchased under the plan authorized by the Board of Directors. In February 2012, IHC announced a special 10% stock dividend to shareholders with a distribution date in March 2012. Refer to note 23 for more information about IHC dividends.

Note 16 Common Stock

12 Months Ended

Dec. 31, 2011

Note 16. Common Stock

In 2011, IHC issued of an aggregate 600,218 shares of IHC’s common stock in various private placements of unregistered securities under Section 4(2) of the Securities Act of 1933, as amended, in connection with the acquisition of an aggregate 900,325 shares of AMIC common stock. See Note 2 regarding AMIC share acquisitions. Accordingly, the shares are "restricted securities", subject to a legend and will not be freely tradable in the United States until the shares are registered for resale under the Securities Act, or to the extent they are tradable under Rule 144 promulgated under the Securities Act or any other available exemption.

In August 2011, pursuant to the Exchange Offer discussed in Note 2, IHC issued 693,228 shares of its common stock, plus a de minimis amount of cash paid in-lieu, in exchange for 1,109,225 shares of AMIC common stock.

In 1991, IHC initiated a program of repurchasing shares of its common stock. In January 2010, the Board of Directors authorized the repurchase of up to 500,000 shares of IHC’s common stock, inclusive of prior authorizations, under the 1991 plan. Through December 31, 2011, the Company has repurchased 6,302,644 common shares at a cumulative cost of $40,468,000. This total includes repurchases of 112,197 shares and 206,400 shares in 2011 and 2010, respectively. No shares were repurchased in 2009. All of the repurchased shares have been either retired, reissued, or have become treasury shares. At December 31, 2011, there were 181,403 shares still authorized to be repurchased under the plan authorized by the Board of Directors.

In February 2012, IHC announced a special 10% stock dividend to shareholders with a distribution date in March 2012. Refer to note 23 for more information about IHC dividends.