XML 69 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Premiums earned $ 121,135 $ 125,465 $ 244,405 $ 242,833
Net investment income 5,434 7,002 11,235 15,003
Fee income 3,861 6,039 13,200 12,581
Other income 1,070 1,659 2,181 3,011
Net realized investment gains 4,519 11,735 6,070 16,354
TOTAL REVENUES 136,019 151,900 277,091 289,782
EXPENSES:        
Policyholder benefits and claims 83,263 89,276 168,572 174,736
Selling, general and administrative expenses 44,947 44,862 93,082 87,742
Amortization of deferred acquisition costs 1,189 10,948 2,471 12,388
Interest expense on debt 337 490 818 977
TOTAL EXPENSES 129,736 145,576 264,943 275,843
Income (loss) before income taxes 6,283 6,324 12,148 13,939
Income taxes (benefits) 2,403 2,166 4,263 4,741
Net income (loss) 3,880 4,158 7,885 9,198
(Income) loss from noncontrolling interests in subsidiaries (32) (467) (336) (806)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 3,848 $ 3,691 $ 7,549 $ 8,392
Basic income (loss) per common share $ 0.22 $ 0.21 $ 0.43 $ 0.47
WEIGHTED AVERAGE SHARES OUTSTANDING 17,485 17,753 17,553 17,836
Diluted income (loss) per common share $ 0.22 $ 0.21 $ 0.43 $ 0.47
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,657 17,805 17,709 17,922