INDEPENDENCE HOLDING COMPANY CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012		Dec. 31, 2011
Investments:
Short-term investments	$ 50		$ 50
Securities purchased under agreements to resell	33,956		17,258
Trading securities	7,016
Fixed maturities, available-for-sale	719,602		851,977
Equity securities, available-for-sale	15,598		28,437
Other investments	35,134		35,223
Total investments	811,356		932,945
Cash and cash equivalents	23,945		18,227
Due from securities brokers	15,609		12,106
Deferred acquisition costs	33,401		37,101
Due and unpaid premiums	49,430		37,341
Due from reinsurers	166,880		159,729
Premium and claim funds	40,596		43,604
Notes and other receivables	20,207		15,500
Goodwill	50,318		50,318
Other assets	50,566		51,988
TOTAL ASSETS	1,262,308		1,358,859
LIABILITIES:
Insurance reserves-health	183,163		179,042
Insurance reserves-life and annuity	277,522		279,636
Funds on deposit	278,084		417,310
Unearned premiums	8,453		4,319
Policy claims-health	11,317		13,945
Policy claims-life	12,716		11,948
Other policyholders' funds	22,373		21,546
Due to securities brokers	356		383
Due to reinsurers	48,192		40,030
Accounts payable, accruals and other liabilities	71,139		66,410
Debt	8,000		10,000
Junior subordinated debt securities	38,146		38,146
TOTAL LIABILITIES	959,461		1,082,715
IHC STOCKHOLDERS' EQUITY:
Preferred stock (none issued)
Common Stock	18,462	[1],[2]	18,451	[1],[3]
Paid-in capital	126,589		126,298
Accumulated other comprehensive income (loss)	15,013		7,853
Treasury stock, at cost	(4,533)	[4]	(3,277)	[5]
Retained earnings	130,153		111,752
TOTAL IHC STOCKHOLDERS' EQUITY	285,684		261,077
NONCONTROLLING INTERESTS IN SUBSIDIARIES	17,163		15,067
TOTAL EQUITY	302,847		276,144
TOTAL LIABILITIES AND EQUITY	$ 1,262,308		$ 1,358,859

[1] $1.00 par value.

[2] 23,000,000 shares authorized, 18,461,992 shares issued and 17,932,954 shares outstanding.

[3] 20,000,000 shares authorized, 18,450,917 shares issued and 18,052,660 shares outstanding.

[4] 529,038 treasury shares

[5] 398,257 treasury shares