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Condensed Financial Information of Parent Company Only Disclosure: Condensed Income Statement (Tables)

12 Months Ended

Dec. 31, 2016

SCHEDULE II
(Continued)

INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In thousands)
(PARENT COMPANY ONLY)

		2016		2015		2014
REVENUES:
Net investment income	$	146	$	112	$	112
Net realized investment losses		(121)		(506)		(78)
Other income		1,619		1,800		2,129

		1,644		1,406		2,163
EXPENSES:
Interest expense on debt		1,443		1,567		1,546
General and administrative expenses		8,837		5,506		5,606

		10,280		7,073		7,152

Loss from continuing operations before income tax benefits and
equity in net income from continuing operations of subsidiaries		(8,636)		(5,667)		(4,989)

Equity in net income from continuing operations of subsidiaries		28,843		32,118		17,564

Income from continuing operations before income tax benefits		20,207		26,451		12,575

Income tax (benefits)		(2,303)		(1,523)		(2,446)

Income from continuing operations, net of tax		22,510		27,974		15,021

Discontinued operations (Note 3):
Income from discontinued operations, before income taxes		117,617		4,310		2,183
Income taxes on discontinued operations		6,813		1,762		283
Income from discontinued operations, net of tax		110,804		2,548		1,900

Net income		133,314		30,522		16,921

Less income from noncontrolling interests in subsidiaries		(10,016)		(578)		(628)

Net income attributable to IHC		123,298		29,944		16,293

Comprehensive Income:
Net income		133,314		30,522		16,921
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on available-for-sale securities		114		(51)		16
Equity in unrealized gains (losses) on available-for-sale
securities of subsidiaries		(3,622)		(3,411)		10,677
Other comprehensive income (loss), net of tax		(3,508)		(3,462)		10,693

Comprehensive income, net of tax		129,806		27,060		27,614
Less: comprehensive income attributable to noncontrolling interests		(10,134)		(583)		(827)

Comprehensive income, net of tax, attributable to IHC	$	119,672	$	26,477	$	26,787