Schedule II - Condensed Financial Information of Parent Company: Income Statement of Parent Company (Tables) (Parent Company)

12 Months Ended

Dec. 31, 2012

Parent Company

Tables/Schedules

Income Statement of Parent Company

SCHEDULE II
(Continued)
INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF OPERATIONS (In thousands)
(PARENT COMPANY ONLY)
		2012		2011		2010
REVENUES:
Net investment income	$	491	$	929	$	746
Net realized investment gains		2		23		62
Other income		2,251		3,138		3,142
		2,744		4,090		3,950
EXPENSES:
Interest expense on debt		1,638		1,575		1,589
General and administrative expenses		5,125		4,088		3,805
		6,763		5,663		5,394
Loss before tax benefit		(4,019)		(1,573)		(1,444)
Income tax benefit		(1,528)		(563)		(559)
Loss before equity in net income of subsidiaries		(2,491)		(1,010)		(885)
Equity in net income of subsidiaries		25,102		15,776		24,554
Income from continuing operations		22,611		14,766		23,669
Discontinued operations:
Loss from discontinued operations		-		-		(256)
Net income		22,611		14,766		23,413
Less income from noncontrolling interests in
subsidiaries		(2,950)		(1,763)		(1,676)
Net income attributable to IHC	$	19,661	$	13,003	$	21,737