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Condensed Financial Information of Parent Company Only Disclosure: Condensed Income Statement (Tables)
 12 Months Ended
Dec. 31, 2015
Parent Company  
Condensed Income Statement

 

SCHEDULE II

(Continued)

 

INDEPENDENCE HOLDING COMPANY

CONDENSED STATEMENTS OF INCOME (In thousands)

(PARENT COMPANY ONLY)

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

REVENUES:

 

 

 

 

 

 

 

 

Net investment income

$

            112 

 

$

            112 

 

$

              61 

Net realized investment gains (losses)

 

          (506)

 

 

             (78)

 

 

            349 

Other income

 

         1,800 

 

 

         2,129 

 

 

         2,327 

 

 

 

 

 

 

 

 

 

 

 

         1,406 

 

 

         2,163 

 

 

         2,737 

 

 

 

 

 

 

 

 

 

EXPENSES:

 

 

 

 

 

 

 

 

Interest expense on debt

 

         1,567 

 

 

         1,546 

 

 

         1,563 

General and administrative expenses

 

         5,506 

 

 

         5,606 

 

 

         4,301 

 

 

 

 

 

 

 

 

 

 

 

         7,073 

 

 

         7,152 

 

 

         5,864 

 

 

 

 

 

 

 

 

 

Loss before tax benefit and equity in net income of subsidiaries

 

       (5,667)

 

 

       (4,989)

 

 

       (3,127)

Income taxes (benefits)

 

       (1,491)

 

 

       (2,389)

 

 

       (1,228)

Equity in net income of subsidiaries

 

      34,698 

 

 

      19,521 

 

 

      17,155 

 

 

 

 

 

 

 

 

 

Net income

 

      30,522 

 

 

      16,921 

 

 

      15,256 

 

 

 

 

 

 

 

 

 

Less income from noncontrolling interests in

 

 

 

 

 

 

 

 

   subsidiaries

 

          (578)

 

 

          (628)

 

 

       (1,477)

 

 

 

 

 

 

 

 

 

Net income attributable to IHC

$

      29,944 

 

$

      16,293 

 

$

      13,779