INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2013 Unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012
Investments:
Short-term investments	$ 50		$ 50
Securities purchased under agreements to resell	13,418		33,956
Trading securities	6,546		7,016
Fixed maturities, available-for-sale	765,261		719,602
Equity securities, available-for-sale	8,288		15,598
Other investments	35,733		35,134
Total investments	829,296		811,356
Cash and cash equivalents	19,029		23,945
Due from securities brokers	17,072		15,609
Deferred acquisition costs	34,251		33,401
Due and unpaid premiums	64,171		49,430
Due from reinsurers	166,159		166,880
Premium and claim funds	41,082		40,596
Notes and other receivables	16,991		20,207
Goodwill	50,318		50,318
Other assets	44,501		50,566
TOTAL ASSETS	1,282,870		1,262,308
LIABILITIES:
Insurance reserves-health	199,666		183,163
Insurance reserves-life and annuity	278,155		277,522
Funds on deposit	277,610		278,084
Unearned premiums	10,325		8,453
Policy claims-health	11,359		11,317
Policy claims-life	12,216		12,716
Other policyholders' funds	24,715		22,373
Due to securities brokers	7,124		356
Due to reinsurers	41,795		48,192
Accounts payable, accruals and other liabilities	69,343		71,139
Debt	8,000		8,000
Junior subordinated debt securities	38,146		38,146
TOTAL LIABILITIES	978,454		959,461
IHC STOCKHOLDERS' EQUITY:
Preferred stock
Common Stock	18,463	[1],[2]	18,462	[1],[3]
Paid-in capital	127,036		126,589
Accumulated other comprehensive income (loss)	13,627		15,013
Treasury stock, at cost	(5,098)	[4]	(4,533)	[5]
Retained earnings	134,854		130,153
TOTAL IHC STOCKHOLDERS' EQUITY	288,882		285,684
NONCONTROLLING INTERESTS IN SUBSIDIARIES	15,534		17,163
TOTAL EQUITY	304,416		302,847
TOTAL LIABILITIES AND EQUITY	$ 1,282,870		$ 1,262,308

[1] $1.00 par value.

[2] 23,000,000 shares authorized, 18,463,298 shares issued and 17,876,705 shares outstanding.

[3] 23,000,000 shares authorized, 18,461,992 shares issued and 17,932,954 shares outstanding.

[4] 586,593 treasury shares

[5] 529,038 treasury shares