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INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Premiums earned:        
Premiums earned - Health $ 76,466 $ 74,738 $ 150,751 $ 150,461
Premiums earned - Life and annuity 9,003 9,263 18,492 19,413
Net investment income 7,609 9,633 16,360 19,749
Fee income 5,889 8,328 13,310 15,705
Other income 1,247 1,845 2,403 3,303
Net realized investment gains 1,850 1,883 2,987 1,681
Other-than-temporary impairment losses:        
Total other-than-temporary impairment losses (909) (165) (992) (468)
Portion of losses recognized in other comprehensive income 288   288  
Net impairment losses recognized in earnings (621) (165) (704) (468)
TOTAL REVENUES 101,443 105,525 203,599 209,844
Insurance benefits, claims and reserves:        
Benefits, claims and reserves - Health 50,386 50,503 96,579 101,079
Benefits claims and reserves - Life and annuity 9,879 11,654 20,821 25,327
Selling, general and administrative expenses 33,331 36,331 69,803 72,317
Amortization of deferred acquisition costs 1,631 1,758 3,225 3,449
Interest expense on debt 540 460 1,079 917
TOTAL EXPENSES 95,767 100,706 191,507 203,089
Income (loss) from continuing operations before income taxes 5,676 4,819 12,092 6,755
Income taxes (benefits) 1,846 1,355 3,932 (509)
Income (loss) from continuing operations 3,830 3,464 8,160 7,264
Net income (loss) 3,830 3,464 8,160 7,264
(Income) loss from noncontrolling interests in subsidiaries (299) (424) (707) (1,040)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 3,531 $ 3,040 $ 7,453 $ 6,224
Basic income (loss) per common share:        
Income (loss) from continuing operations, per basic share $ 0.20 $ 0.17 $ 0.41 $ 0.36
Basic income (loss) per common share $ 0.20 $ 0.17 $ 0.41 $ 0.36
WEIGHTED AVERAGE SHARES OUTSTANDING 17,987 17,419 18,008 17,224
Diluted income (loss) per common share:        
Income (loss) from continuing operations, per diluted share $ 0.20 $ 0.17 $ 0.41 $ 0.36
Diluted income (loss) per common share $ 0.20 $ 0.17 $ 0.41 $ 0.36
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 18,025 17,433 18,100 17,234