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INDEPENDENCE HOLDING COMPANY CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Premiums earned $ 495,991 $ 356,067 $ 336,414
Net investment income 27,471 33,356 39,788
Fee income 26,954 29,290 28,632
Other income 4,878 4,953 6,015
Net realized investment gains 19,750 5,099 8,670
Other-than-temporary impairment losses:      
Total other-than-temporary impairment losses   (992) (2,471)
Portion of losses recognized in other comprehensive income   288 948
Net impairment losses recognized in earnings   (704) (1,523)
TOTAL REVENUES 575,044 428,061 417,996
EXPENSES:      
Policyholder benefits and claims 354,790 244,791 238,862
Selling, general and administrative expenses 179,553 149,999 147,102
Amortization of deferred acquisition costs 15,132 6,566 11,569
Interest expense on debt 1,915 2,091 1,965
TOTAL EXPENSES 551,390 403,447 399,498
Income (loss) before income taxes 23,654 24,614 18,498
Income taxes (benefits) 8,398 2,003 3,732
Net income (loss) 15,256 22,611 14,766
(Income) loss from noncontrolling interests in subsidiaries (1,477) (2,950) (1,763)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 13,779 $ 19,661 $ 13,003
Basic income (loss) per common share $ 0.78 $ 1.09 $ 0.74
WEIGHTED AVERAGE SHARES OUTSTANDING 17,758 17,979 17,577
Diluted income (loss) per common share $ 0.77 $ 1.09 $ 0.74
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,871 18,088 17,584