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INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Premiums earned $ 125,174 $ 92,236 $ 368,007 $ 261,479
Net investment income 6,841 9,346 21,844 25,706
Fee income 6,290 7,754 18,871 21,064
Other income 922 1,155 3,933 3,558
Net realized investment gains 2,417 1,011 18,771 3,998
Other-than-temporary impairment losses:        
Total other-than-temporary impairment losses       (992)
Portion of losses recognized in other comprehensive income       288
Net impairment losses recognized in earnings       (704)
TOTAL REVENUES 141,644 111,502 431,426 315,101
EXPENSES:        
Policyholder benefits and claims 88,177 63,034 262,913 180,434
Selling, general and administrative expenses 45,597 39,791 133,339 109,594
Amortization of deferred acquisition costs 1,404 1,587 13,792 4,812
Interest expense on debt 470 509 1,447 1,588
TOTAL EXPENSES 135,648 104,921 411,491 296,428
Income (loss) from operations before income taxes 5,996 6,581 19,935 18,673
Income taxes (benefits) 2,080 2,191 6,821 6,123
Net income (loss) 3,916 4,390 13,114 12,550
(Income) loss from noncontrolling interests in subsidiaries (277) (472) (1,083) (1,179)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 3,639 $ 3,918 $ 12,031 $ 11,371
Basic income (loss) per common share $ 0.21 $ 0.22 $ 0.68 $ 0.63
WEIGHTED AVERAGE SHARES OUTSTANDING 17,683 17,957 17,784 17,991
Diluted income (loss) per common share $ 0.21 $ 0.22 $ 0.67 $ 0.63
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,735 18,028 17,890 18,076