Condensed Financial Information of Parent Company Only Disclosure: Condensed Cash Flow Statement (Tables)

12 Months Ended

Dec. 31, 2015

Parent Company

Condensed Cash Flow Statement

SCHEDULE II
(Continued)
INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
(PARENT COMPANY ONLY)
		2015		2014		2013
CASH FLOWS PROVIDED BY (USED BY)
OPERATING ACTIVITIES:
Net income	$	30,522	$	16,921	$	15,256
Adjustments to net income:
Equity in net income of subsidiaries		(34,698)		(19,521)		(17,155)
Other		9,204		3,748		4,398
Changes in other assets and liabilities		550		440		(1,609)
Net change in cash from operating activities		5,578		1,588		890
CASH FLOWS PROVIDED BY (USED BY)
INVESTING ACTIVITIES:
Change in investments in and advances to subsidiaries		12,398		11,138		6,708
Purchases of fixed maturities		(20,857)		(9,953)		-
Sales of fixed maturities		5,915		2,751		3,260
Net change in cash  from investing activities		(2,544)		3,936		9,968
CASH FLOWS PROVIDED BY (USED BY)
FINANCING ACTIVITIES:
Repurchases of common stock		(1,820)		(3,972)		(3,636)
Cash paid in acquisitions of noncontrolling interests		-		-		(7,626)
Dividends paid		(1,392)		(1,233)		(620)
Other financing activities		301		9		496
Net change in cash from financing activities		(2,911)		(5,196)		(11,386)
Net change in cash and cash equivalents		123		328		(528)
Cash and cash equivalents, beginning of year		389		61		589
Cash and cash equivalents, end of year	$	512	$	389	$	61