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INDEPENDENCE HOLDING COMPANY CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Premiums earned $ 479,534 $ 479,048 $ 495,991
Net investment income 17,298 21,692 27,471
Fee income 12,954 20,646 26,954
Other income 10,276 4,859 4,878
Gain on sale of subsidiary to joint venture 9,940    
Net realized investment gains 3,094 7,688 19,750
Net impairment losses recognized in earnings (228)    
TOTAL REVENUES 532,868 533,933 575,044
EXPENSES:      
Insurance benefits, claims and reserves 307,178 326,035 354,790
Selling, general and administrative expenses 172,180 177,848 179,553
Amortization of deferred acquisition costs 3,524 4,941 15,132
Interest expense on debt 1,798 1,797 1,915
TOTAL EXPENSES 484,680 510,621 551,390
Income (loss) before income taxes 48,188 23,312 23,654
Income taxes (benefits) 17,666 6,391 8,398
Net income (loss) 30,522 16,921 15,256
(Income) loss from noncontrolling interests in subsidiaries (578) (628) (1,477)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 29,944 $ 16,293 $ 13,779
Basic income (loss) per common share $ 1.73 $ 0.93 $ 0.78
WEIGHTED AVERAGE SHARES OUTSTANDING 17,314 17,471 17,758
Diluted income (loss) per common share $ 1.71 $ 0.92 $ 0.77
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,484 17,636 17,871