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INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Premiums earned $ 65,627 $ 120,443 $ 128,189 $ 242,557
Net investment income 4,260 4,488 8,696 9,910
Fee income 3,412 4,417 8,491 6,994
Other income 3,379 1,567 6,637 2,559
Net realized investment gains 1,018 2,100 1,578 4,100
Net impairment losses recognized in earnings     0 0
TOTAL REVENUES 77,696 133,015 153,591 266,120
EXPENSES:        
Insurance benefits, claims and reserves 40,477 79,380 71,220 159,000
Selling, general and administrative expenses 29,897 44,954 65,124 90,438
Interest expense on debt 473 478 926 910
TOTAL EXPENSES 70,847 124,812 137,270 250,348
Income (loss) from continuing operations before income taxes 6,849 8,203 16,321 15,772
Income taxes (benefits) 2,354 2,981 5,930 5,849
Income from continuing operations 4,495 5,222 10,391 9,923
Discontinued operations: (Note 3)        
Income (loss) from discontinued operations, before income taxes   (82) 117,636 949
Income taxes (benefits) on discontinued operations (142) (16) 7,724 385
Income (loss) from discontinued operations 142 (66) 109,912 564
Net income (loss) 4,637 5,156 120,303 10,487
(Income) loss from noncontrolling interests in subsidiaries (201) (124) (9,857) (236)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 4,436 $ 5,032 $ 110,446 $ 10,251
Basic income per common share: (Note 2)        
Basic income (loss) per common share from continuing operations $ 0.25 $ 0.29 $ 0.59 $ 0.56
Basic income (loss) per common share from discontinued operations 0.01 0.00 5.83 0.03
Basic income (loss) per common share $ 0.26 $ 0.29 $ 6.42 $ 0.59
WEIGHTED AVERAGE SHARES OUTSTANDING 17,204 17,338 17,223 17,351
Diluted income per common share: (Note 2)        
Diluted income (loss) per common share from continuing operations $ 0.25 $ 0.29 $ 0.58 $ 0.56
Diluted income (loss) per common share from discontinued operations 0.01 0.00 5.76 0.03
Diluted income (loss) per common share $ 0.26 $ 0.29 $ 6.34 $ 0.59
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,417 17,501 17,433 17,516