Note 13. Stockholders' Equity

9 Months Ended

Sep. 30, 2016

Notes

Note 13. Stockholders' Equity

 Note 13.          Stockholders’ Equity

            Treasury Stock

            In 2016, IHC repurchased an aggregate 215,000 shares of its common stock in various private transactions for $3,522,000.

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				Nine Months Ended
		September  30,				September  30,
		2016		2015		2016		2015
Beginning balance	$	4,054	$	(3,217)	$	(3,440)	$	22
Other comprehensive income (loss) before reclassifications		(182)		1,854		8,522		1,765
Amounts reclassified from accumulated OCI		(573)		68		(1,618)		(3,077)
Net other comprehensive income		(755)		1,922		6,904		(1,312)
Less: Other comprehensive income attributable
to noncontrolling interests		47		(51)		(118)		(61)
Acquired from noncontrolling interests		102		-		102		5
Ending balance	$	3,448	$	(1,346)	$	3,448	$	(1,346)

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					Nine Months Ended
			September 30,					September 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	$	2,446		$	122	$	4,067		$	5,001
Net impairment losses recognized in earnings		(1,475)			(228)		(1,475)			(228)
Income (loss) before income tax		971			(106)		2,592			4,773
Tax effect		398			(38)		974			1,696
Net income (loss)	$	573		$	(68)	$	1,618		$	3,077