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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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Premiums earned:        
Premiums earned - Health $ 83,219 $ 76,326 $ 233,970 $ 226,787
Premiums earned - Life and annuity 9,017 8,904 27,509 28,317
Net investment income 9,346 9,235 25,706 28,984
Fee income 7,754 7,118 21,064 22,823
Other income 1,155 1,259 3,558 4,562
Net realized investment gains 1,011 924 3,998 2,605
Other-than-temporary impairment losses:        
Total other-than-temporary impairment losses   (385) (992) (853)
Portion of losses recognized in other comprehensive income 0 278 288 278
Net impairment losses recognized in earnings 0 (107) (704) (575)
TOTAL REVENUES 111,502 103,659 315,101 313,503
Insurance benefits, claims and reserves:        
Benefits, claims and reserves - Health 53,417 45,560 149,996 146,639
Benefits claims and reserves - Life and annuity 9,617 11,094 30,438 36,421
Selling, general and administrative expenses 39,791 38,958 109,594 111,275
Amortization of deferred acquisition costs 1,587 1,844 4,812 5,293
Interest expense on debt 509 516 1,588 1,433
TOTAL EXPENSES 104,921 97,972 296,428 301,061
Income (loss) from continuing operations before income taxes 6,581 5,687 18,673 12,442
Income taxes (benefits) 2,191 1,676 6,123 1,167
Income (loss) from continuing operations 4,390 4,011 12,550 11,275
Net income (loss) 4,390 4,011 12,550 11,275
(Income) loss from noncontrolling interests in subsidiaries (472) (457) (1,179) (1,497)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 3,918 $ 3,554 $ 11,371 $ 9,778
Basic income (loss) per common share:        
Income (loss) from continuing operations, per basic share $ 0.22 $ 0.20 $ 0.63 $ 0.56
Basic income (loss) per common share $ 0.22 $ 0.20 $ 0.63 $ 0.56
WEIGHTED AVERAGE SHARES OUTSTANDING 17,957 17,790 17,991 17,414
Diluted income (loss) per common share:        
Income (loss) from continuing operations, per diluted share $ 0.22 $ 0.20 $ 0.63 $ 0.56
Diluted income (loss) per common share $ 0.22 $ 0.20 $ 0.63 $ 0.56
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 18,028 17,795 18,076 17,422