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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, 2012
Dec. 31, 2011
Dec. 31, 2010
Premiums earned:      
Premiums earned - Health $ 319,655 $ 298,546 $ 289,586
Premiums earned - Life and annuity 36,412 37,868 36,560
Net investment income 33,356 39,788 41,801
Fee income 29,290 28,632 32,741
Other income 4,953 6,015 5,743
Net realized investment gains 5,099 8,670 4,646
Other-than-temporary impairment losses:      
Total other-than-temporary impairment losses (992) (2,471) (3,819)
Portion of losses recognized in other comprehensive income 288 948  
Net impairment losses recognized in earnings (704) (1,523) (3,819)
Equity income from significant equity method investments     280
Gain on bargain purchase of AMIC     27,830
TOTAL REVENUES 428,061 417,996 435,368
Insurance benefits, claims and reserves:      
Benefits, claims and reserves - Health 204,910 190,213 201,136
Benefits claims and reserves - Life and annuity 39,881 48,649 50,182
Selling, general and administrative expenses 149,999 147,102 139,643
Amortization of deferred acquisition costs 6,566 11,569 6,243
Interest expense on debt 2,091 1,965 1,912
TOTAL EXPENSES 403,447 399,498 399,116
Income (loss) from continuing operations before income taxes 24,614 18,498 36,252
Income taxes (benefits) 2,003 3,732 12,583
Income (loss) from continuing operations 22,611 14,766 23,669
Discontinued operations:      
Income (loss) from discontinued operations, net of tax     (256)
Net income (loss) 22,611 14,766 23,413
(Income) loss from noncontrolling interests in subsidiaries (2,950) (1,763) (1,676)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 19,661 $ 13,003 $ 21,737
Basic income (loss) per common share:      
Income (loss) from continuing operations, per basic share $ 1.09 $ 0.74 $ 1.31
Income (loss) from discontinued operations, per basic share     $ (0.02)
Basic income (loss) per common share $ 1.09 $ 0.74 $ 1.29
WEIGHTED AVERAGE SHARES OUTSTANDING 17,979 17,577 16,795
Diluted income (loss) per common share:      
Income (loss) from continuing operations, per diluted share $ 1.09 $ 0.74 $ 1.31
Income (loss) from discontinued operations, per diluted share     $ (0.02)
Diluted income (loss) per common share $ 1.09 $ 0.74 $ 1.29
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 18,088 17,584 16,797