Note 11. Stockholders' Equity

6 Months Ended

Jun. 30, 2016

Notes

Note 11. Stockholders' Equity

Note 11.          Stockholders’ Equity

            Treasury Stock

            In 2016, IHC repurchased an aggregate 110,000 shares of its common stock in private transactions for $1,792,000.

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				Six Months Ended
		June  30,				June  30,
		2016		2015		2016		2015
Beginning balance	$	(479)	$	901	$	(3,440)	$	22
Other comprehensive income (loss) before reclassifications		5,280		(2,783)		8,704		(89)
Amounts reclassified from accumulated OCI		(639)		(1,368)		(1,045)		(3,145)
Net other comprehensive income		4,641		(4,151)		7,659		(3,234)
Less: Other comprehensive income attributable
to noncontrolling interests		(108)		33		(165)		(10)
Acquired from noncontrolling interests		-		-		-		5
Ending balance	$	4,054	$	(3,217)	$	4,054	$	(3,217)

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					Six Months Ended
			June 30,					June 30,
		2016			2015		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	$	993		$	2,114	$	1,621		$	4,879
Income before income tax		993			2,114		1,621			4,879
Tax effect		354			746		576			1,734
Net income	$	639		$	1,368	$	1,045		$	3,145