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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
Premiums earned $ 117,705 $ 125,174 $ 362,110 $ 368,007
Net investment income 5,439 6,841 16,674 21,844
Fee income 4,813 6,290 18,013 18,871
Other income 951 922 3,132 3,933
Net realized investment gains 844 2,417 6,914 18,771
TOTAL REVENUES 129,752 141,644 406,843 431,426
EXPENSES:        
Insurance benefits, claims and reserves 74,916 88,177 243,488 262,913
Selling, general and administrative expenses 44,916 45,597 137,998 133,339
Amortization of deferred acquisition costs 1,416 1,404 3,887 13,792
Interest expense on debt 539 470 1,357 1,447
TOTAL EXPENSES 121,787 135,648 386,730 411,491
Income (loss) before income taxes 7,965 5,996 20,113 19,935
Income taxes (benefits) 3,141 2,080 7,404 6,821
Net income (loss) 4,824 3,916 12,709 13,114
(Income) loss from noncontrolling interests in subsidiaries (114) (277) (450) (1,083)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 4,710 $ 3,639 $ 12,259 $ 12,031
Basic income (loss) per common share $ 0.27 $ 0.21 $ 0.70 $ 0.68
WEIGHTED AVERAGE SHARES OUTSTANDING 17,410 17,683 17,505 17,784
Diluted income (loss) per common share $ 0.27 $ 0.21 $ 0.69 $ 0.67
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,578 17,735 17,665 17,890