INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2016 Unaudited) - USD ($) $ in Thousands		Mar. 31, 2016		Dec. 31, 2015
Investments:
Short-term investments		$ 50		$ 50
Securities purchased under agreements to resell		21,196		28,285
Trading securities		1,190		1,259
Fixed maturities, available-for-sale		520,638		428,601
Equity securities, available-for-sale		8,714		8,426
Other investments		20,501		21,538
Total investments		572,289		488,159
Cash and cash equivalents		145,696		17,500
Due and unpaid premiums		64,645		69,075
Due from reinsurers		462,087		483,073
Premium and claim funds		41,576		22,015
Goodwill		47,276		47,276
Other assets		48,257		57,934
Assets attributable to discontinued operations				12,931
TOTAL ASSETS		1,381,826		1,197,963
LIABILITIES:
Policy benefits and claims		247,900		245,443
Future policy benefits		235,251		270,624
Funds on deposit		149,147		173,350
Unearned premiums		13,350		10,236
Other policyholders' funds		9,675		11,822
Due to reinsurers		70,283		46,355
Due to securities brokers		99,803		998
Accounts payable, accruals and other liabilities		57,020		63,111
Liabilities attributable to discontinued operations		6,085		(15)
Debt		4,250		5,189
Junior subordinated debt securities		38,146		38,146
TOTAL LIABILITIES		930,910		865,259
IHC STOCKHOLDERS' EQUITY:
Preferred stock	[1]
Common Stock		18,569	[2]	18,569	[3]
Paid-in capital		128,053		127,733
Accumulated other comprehensive income (loss)		(479)		(3,440)
Treasury stock, at cost		(14,782)	[4]	(13,961)	[5]
Retained earnings		300,457		194,450
TOTAL IHC STOCKHOLDERS' EQUITY		431,818		323,351
NONCONTROLLING INTERESTS IN SUBSIDIARIES		19,098		9,353
TOTAL EQUITY		450,916		332,704
TOTAL LIABILITIES AND EQUITY		$ 1,381,826		$ 1,197,963

[1] None issued.

[2] $1 par value; 23,000,000 shares authorized, 18,569,183 shares issued and 17,215,758 shares outstanding.

[3] $1 par value; 23,000,000 shares authorized, 18,569,183 shares issued and 17,265,758 shares outstanding.

[4] 1,353,425 treasury shares

[5] 1,303,425 treasury shares