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INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Premiums earned $ 120,443 $ 121,135 $ 242,557 $ 244,405
Net investment income 4,505 5,434 9,946 11,235
Fee income 4,487 3,861 8,203 13,200
Other income 1,570 1,070 2,564 2,181
Net realized investment gains 2,100 4,519 4,100 6,070
Other-than-temporary impairment losses:        
TOTAL REVENUES 133,105 136,019 267,370 277,091
EXPENSES:        
Insurance benefits, claims and reserves 79,380 83,263 159,000 168,572
Selling, general and administrative expenses 43,702 44,947 87,851 93,082
Amortization of deferred acquisition costs 1,424 1,189 2,888 2,471
Interest expense on debt 478 337 910 818
TOTAL EXPENSES 124,984 129,736 250,649 264,943
Income (loss) before income taxes 8,121 6,283 16,721 12,148
Income taxes (benefits) 2,965 2,403 6,234 4,263
Net income (loss) 5,156 3,880 10,487 7,885
(Income) loss from noncontrolling interests in subsidiaries (124) (32) (236) (336)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 5,032 $ 3,848 $ 10,251 $ 7,549
Basic income (loss) per common share $ 0.29 $ 0.22 $ 0.59 $ 0.43
WEIGHTED AVERAGE SHARES OUTSTANDING 17,338 17,485 17,351 17,553
Diluted income (loss) per common share $ 0.29 $ 0.22 $ 0.59 $ 0.43
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,501 17,657 17,516 17,709