XML 111 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
INDEPENDENCE HOLDING COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS PROVIDED BY (USED BY) OPERATING ACTIVITIES:      
Net income (loss) $ 16,921us-gaap_ProfitLoss $ 15,256us-gaap_ProfitLoss $ 22,611us-gaap_ProfitLoss
Adjustments to reconcile net income to net change in cash from operating activities:      
Amortization of deferred acquisition costs 4,941us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 15,132us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 6,566us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Net realized investment gains (7,688)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments (19,750)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments (5,099)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
Net impairment losses recognized in earnings     704us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Equity income from equity method investments (1,106)us-gaap_IncomeLossFromEquityMethodInvestments (2,506)us-gaap_IncomeLossFromEquityMethodInvestments (1,435)us-gaap_IncomeLossFromEquityMethodInvestments
Depreciation and amortization 3,932us-gaap_DepreciationAndAmortization 4,577us-gaap_DepreciationAndAmortization 4,228us-gaap_DepreciationAndAmortization
Share-based compensation expense 820us-gaap_ShareBasedCompensation 1,001us-gaap_ShareBasedCompensation 832us-gaap_ShareBasedCompensation
Deferred tax expense (benefits) 5,628us-gaap_DeferredIncomeTaxExpenseBenefit 8,692us-gaap_DeferredIncomeTaxExpenseBenefit (1,200)us-gaap_DeferredIncomeTaxExpenseBenefit
Other adjustments to reconcile net income 8,629us-gaap_OtherNoncashIncomeExpense 4,573us-gaap_OtherNoncashIncomeExpense 7,010us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities:      
Net sales (purchases) of trading securities (4,719)us-gaap_ProceedsFromPaymentsForTradingSecurities 1,603us-gaap_ProceedsFromPaymentsForTradingSecurities (1,289)us-gaap_ProceedsFromPaymentsForTradingSecurities
Change in insurance liabilities (94,876)us-gaap_IncreaseDecreaseInInsuranceLiabilities 36,136us-gaap_IncreaseDecreaseInInsuranceLiabilities (137,440)us-gaap_IncreaseDecreaseInInsuranceLiabilities
(Additions) reductions to deferred acquisition costs, net (6,223)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (5,827)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (5,795)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Change in amount due from reinsurers 101,987us-gaap_IncreaseDecreaseInReinsuranceRecoverable (213,349)us-gaap_IncreaseDecreaseInReinsuranceRecoverable 1,011us-gaap_IncreaseDecreaseInReinsuranceRecoverable
Change in premium and claim funds 4,800fil_ChangeInPremiumAndClaimFunds 3,243fil_ChangeInPremiumAndClaimFunds 3,008fil_ChangeInPremiumAndClaimFunds
Change in current income tax liability 2,241us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable (951)us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable 1,673us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
Change in due and unpaid premiums (3,193)us-gaap_IncreaseDecreaseInPremiumsReceivable (10,005)us-gaap_IncreaseDecreaseInPremiumsReceivable (12,089)us-gaap_IncreaseDecreaseInPremiumsReceivable
Change in other assets 2,580us-gaap_IncreaseDecreaseInOtherOperatingAssets (219)us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,807)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Change in other liabilities (7,343)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 78us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 3,117us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net change in cash from operating activities 27,331us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (162,316)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (115,394)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS PROVIDED BY (USED BY) INVESTING ACTIVITIES:      
Net sales (purchases) of securities under resale and repurchase agreements 5,804us-gaap_ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell 11,362us-gaap_ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell (16,698)us-gaap_ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell
Sales of equity securities 288us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 11,529us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 14,689us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Purchases of equity securities (1,228)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (7,517)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (7,354)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Sales of fixed maturities 353,143us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 551,756us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 483,092us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Maturities and other repayments of fixed maturities 45,091us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 57,090us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 74,416us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchases of fixed maturities (421,285)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (462,823)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (412,753)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Change in other investments     1,080us-gaap_ProceedsFromLimitedPartnershipInvestments
Cash paid in acquisitions of companies, net of cash acquired     (243)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates
Other investing activites 2,334us-gaap_PaymentsForProceedsFromOtherInvestingActivities 20,292us-gaap_PaymentsForProceedsFromOtherInvestingActivities (13,362)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net change in cash from investing activities (15,853)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 181,689us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 122,867us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS PROVIDED BY (USED BY) FINANCING ACTIVITIES:      
Payments for repurchases of common stock (3,972)us-gaap_PaymentsForRepurchaseOfCommonStock (3,636)us-gaap_PaymentsForRepurchaseOfCommonStock (1,244)us-gaap_PaymentsForRepurchaseOfCommonStock
Cash paid in acquisitions of noncontrolling interests   (8,825)us-gaap_PaymentsToMinorityShareholders (58)us-gaap_PaymentsToMinorityShareholders
Proceeds (withdrawals) of investment-type insurance contracts (2,988)us-gaap_NetChangeAnnuitiesAndInvestmentCertificates (3,262)us-gaap_NetChangeAnnuitiesAndInvestmentCertificates 3,320us-gaap_NetChangeAnnuitiesAndInvestmentCertificates
Repayment of long-term debt (2,000)us-gaap_RepaymentsOfLongTermDebt (2,000)us-gaap_RepaymentsOfLongTermDebt (2,000)us-gaap_RepaymentsOfLongTermDebt
Dividends paid (1,233)us-gaap_PaymentsOfDividendsCommonStock (620)us-gaap_PaymentsOfDividendsCommonStock (1,681)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from exercise of stock options   430us-gaap_ProceedsFromStockOptionsExercised  
Other financing activities (431)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (1,176)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (92)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net change in cash from financing activities (10,624)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (19,089)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (1,755)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash and cash equivalents 854us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 284us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 5,718us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 24,229us-gaap_CashAndCashEquivalentsAtCarryingValue 23,945us-gaap_CashAndCashEquivalentsAtCarryingValue 18,227us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period $ 25,083us-gaap_CashAndCashEquivalentsAtCarryingValue $ 24,229us-gaap_CashAndCashEquivalentsAtCarryingValue $ 23,945us-gaap_CashAndCashEquivalentsAtCarryingValue