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INDEPENDENCE HOLDING COMPANY CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Premiums earned $ 262,704 $ 479,534 $ 479,048
Net investment income 16,570 17,237 21,614
Fee income 16,446 10,651 17,147
Other income 12,257 10,267 4,851
Gain on sale of subsidiary to joint venture   9,940  
Net realized investment gains 4,502 3,094 7,688
Other-than-temporary impairment losses:      
Total other-than-temporary impairment losses (1,475) (228)  
Net impairment losses recognized in earnings (1,475) (228) 0
TOTAL REVENUES 311,004 530,495 530,348
EXPENSES:      
Insurance benefits, claims and reserves 145,231 307,178 326,035
Selling, general and administrative expenses 132,174 177,641 181,387
Interest expense on debt 1,534 1,798 1,797
TOTAL EXPENSES 278,939 486,617 509,219
Income (loss) from continuing operations before income taxes 32,065 43,878 21,129
Income taxes (benefits) 9,555 15,904 6,108
Income from continuing operations, net of tax 22,510 27,974 15,021
Discontinued operations: (Note 3)      
Income (loss) from discontinued operations, before income taxes 117,617 4,310 2,183
Income taxes (benefits) on discontinued operations 6,813 1,762 283
Income (loss) from discontinued operations, net of tax 110,804 2,548 1,900
Net income (loss) 133,314 30,522 16,921
(Income) loss from noncontrolling interests in subsidiaries (10,016) (578) (628)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 123,298 $ 29,944 $ 16,293
Basic income per common share: (Note 2)      
Basic income (loss) per common share from continuing operations $ 1.28 $ 1.59 $ 0.83
Basic income (loss) per common share from discontinued operations 5.90 0.14 0.10
Basic income (loss) per common share $ 7.18 $ 1.73 $ 0.93
WEIGHTED AVERAGE SHARES OUTSTANDING 17,162 17,314 17,471
Diluted income per common share: (Note 2)      
Diluted income (loss) per common share from continuing operations $ 1.27 $ 1.58 $ 0.82
Diluted income (loss) per common share from discontinued operations 5.82 0.13 0.10
Diluted income (loss) per common share $ 7.09 $ 1.71 $ 0.92
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,379 17,484 17,636