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INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
Premiums earned $ 62,562 $ 122,114
Net investment income 4,436 5,422
Fee income 5,079 2,577
Other income 3,258 992
Net realized investment gains 560 2,000
Net impairment losses recognized in earnings 0 0
TOTAL REVENUES 75,895 133,105
EXPENSES:    
Insurance benefits, claims and reserves 30,743 79,620
Selling, general and administrative expenses 35,227 45,484
Interest expense on debt 453 432
TOTAL EXPENSES 66,423 125,536
Income (loss) from continuing operations before income taxes 9,472 7,569
Income taxes (benefits) 3,576 2,868
Income from continuing operations 5,896 4,701
Discontinued operations: (Note 3)    
Income from discontinued operations, before income taxes 117,636 1,031
Income taxes on discontinued operations 7,866 401
Income from discontinued operations 109,770 630
Net income (loss) 115,666 5,331
(Income) loss from noncontrolling interests in subsidiaries (9,656) (112)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 106,010 $ 5,219
Basic income per common share: (Note 2)    
Basic income (loss) per common share from continuing operations $ 0.34 $ 0.27
Basic income (loss) per common share from discontinued operations 5.81 0.03
Basic income (loss) per common share $ 6.15 $ 0.30
WEIGHTED AVERAGE SHARES OUTSTANDING 17,243 17,364
Diluted income per common share: (Note 2)    
Diluted income (loss) per common share from continuing operations $ 0.33 $ 0.27
Diluted income (loss) per common share from discontinued operations 5.75 0.03
Diluted income (loss) per common share $ 6.08 $ 0.30
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,449 17,531