XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES:        
Premiums earned $ 125,465 $ 85,469 $ 242,833 $ 169,243
Net investment income 7,002 7,609 15,003 16,360
Fee income 6,039 5,889 12,581 13,310
Other income 1,659 1,247 3,011 2,403
Net realized investment gains 11,735 1,850 16,354 2,987
Other-than-temporary impairment losses:        
Total other-than-temporary impairment losses   (909)   (992)
Portion of losses recognized in other comprehensive income   288   288
Net impairment losses recognized in earnings   (621)   (704)
TOTAL REVENUES 151,900 101,443 289,782 203,599
EXPENSES:        
Policyholder benefits and claims 89,276 60,265 174,736 117,400
Selling, general and administrative expenses 44,862 33,331 87,742 69,803
Amortization of deferred acquisition costs 10,948 1,631 12,388 3,225
Interest expense on debt 490 540 977 1,079
TOTAL EXPENSES 145,576 95,767 275,843 191,507
Income (loss) from operations before income taxes 6,324 5,676 13,939 12,092
Income taxes (benefits) 2,166 1,846 4,741 3,932
Net income (loss) 4,158 3,830 9,198 8,160
(Income) loss from noncontrolling interests in subsidiaries (467) (299) (806) (707)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 3,691 $ 3,531 $ 8,392 $ 7,453
Basic income (loss) per common share $ 0.21 $ 0.20 $ 0.47 $ 0.41
WEIGHTED AVERAGE SHARES OUTSTANDING 17,753 17,987 17,836 18,008
Diluted income (loss) per common share $ 0.21 $ 0.20 $ 0.47 $ 0.41
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,805 18,025 17,922 18,100