Note 11. Stockholders' Equity

3 Months Ended

Mar. 31, 2016

Notes

Note 11. Stockholders' Equity

Note 11.          Stockholders’ Equity

            Treasury Stock

            In 2016, IHC repurchased 50,000 shares of its common stock in a private transaction for $821,000.

Accumulated Other Comprehensive Income (Loss)

Other comprehensive income (loss) includes the after-tax net unrealized gains and losses on investment securities available-for-sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired and the non-credit related component of other-than-temporary impairments of fixed maturities.

Changes in the balances of accumulated other comprehensive income, shown net of taxes, for the periods indicated were as follows (in thousands):

		Three Months Ended
		March 31,
		2016		2015
Beginning balance	$	(3,440)	$	22
Other comprehensive income (loss) before reclassifications		3,424		2,694
Amounts reclassified from accumulated OCI		(406)		(1,777)
Net other comprehensive income		3,018		917
Less: Other comprehensive income attributable
to noncontrolling interests		(57)		(43)
Acquired from noncontrolling interests		-		5
Ending balance	$	(479)	$	901

Presented below are the amounts reclassified out of accumulated other comprehensive income (loss) and recognized in earnings for each of the periods indicated (in thousands):

		Three Months Ended
		March 31,
		2016		2015
Unrealized gains (losses) on available-for-sale securities
reclassified during the period to the following income
statement line items:
Net realized investment gains	$	628	$	2,765
Income before income tax		628		2,765
Tax effect		222		988
Net income	$	406	$	1,777