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INDEPENDENCE HOLDING COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Premiums earned:      
Premiums earned - Health $ 298,546 $ 289,586 $ 258,099
Premiums earned - Life and annuity 37,868 36,560 36,700
Net investment income 39,788 41,801 43,520
Fee income 28,632 32,741 29,322
Net realized investment gains 8,670 4,646 8,789
Other-than-temporary impairment losses:      
Total other-than-temporary impairment losses (2,471) (3,819) (29,991)
Portion of losses recognized in other comprehensive income 948    
Net impairment losses recognized in earnings (1,523) (3,819) (29,991)
Equity income from AMIC   280 1,289
Gain on bargain purchase of AMIC   27,830  
Other income 6,015 5,743 7,110
TOTAL REVENUES 417,996 435,368 354,838
Insurance benefits, claims and reserves:      
Benefits, claims and reserves - Health 190,213 201,136 180,265
Benefits claims and reserves - Life and annuity 48,649 50,182 44,969
Selling, general and administrative expenses 147,102 139,643 139,370
Amortization of deferred acquisition costs 11,569 6,243 5,519
Interest expense on debt 1,965 1,912 2,817
TOTAL EXPENSES 399,498 399,116 372,940
Income (loss) from continuing operations before income taxes 18,498 36,252 (18,102)
Income taxes (benefits) 3,732 12,583 (10,669)
Income (loss) from continuing operations 14,766 23,669 (7,433)
Discontinued operations:      
Income (loss) from discontinued operations, net of tax   (256) 301
Net income (loss) 14,766 23,413 (7,132)
(Income) loss from noncontrolling interests in subsidiaries (1,763) (1,676) 10
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 13,003 $ 21,737 $ (7,122)
Basic income (loss) per common share:      
Income (loss) from continuing operations, per basic share $ 0.81 $ 1.44 $ (0.48)
Income (loss) from discontinued operations, per basic share   $ (0.02) $ 0.02
Basic income (loss) per common share $ 0.81 $ 1.42 $ (0.46)
WEIGHTED AVERAGE SHARES OUTSTANDING 15,979 15,268 15,418
Diluted income (loss) per common share:      
Income (loss) from continuing operations, per diluted share $ 0.81 $ 1.44 $ (0.48)
Income (loss) from discontinued operations, per diluted share   $ (0.02) $ 0.02
Diluted income (loss) per common share $ 0.81 $ 1.42 $ (0.46)
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 15,985 15,270 15,418