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

12 Months Ended

Dec. 31, 2016

Parent Company

Condensed Cash Flow Statement

SCHEDULE II
(Continued)
INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
(PARENT COMPANY ONLY)
		2016		2015		2014
CASH FLOWS PROVIDED BY (USED BY)
OPERATING ACTIVITIES:
Net income	$	133,314	$	30,522	$	16,921
Adjustments to net income:
Gain on disposal of discontinued operations, net of tax		(110,337)		-		-
Equity in net income of subsidiaries, including discontinued operations		(28,843)		(34,698)		(19,521)
Other		3,396		9,204		3,748
Changes in other assets and liabilities		(1,939)		550		440
Net change in cash from operating activities		(4,409)		5,578		1,588
CASH FLOWS PROVIDED BY (USED BY)
INVESTING ACTIVITIES:
Change in investments in and advances to subsidiaries		81,762		12,398		11,138
Net purchases of short-term investments		(3,501)		-		-
Purchases of fixed maturities		(94,850)		(20,857)		(9,953)
Sales of fixed maturities		70,745		5,915		2,751
Other investing activities		(2,995)		-		-
Net change in cash  from investing activities		51,161		(2,544)		3,936
CASH FLOWS PROVIDED BY (USED BY)
FINANCING ACTIVITIES:
Repurchases of common stock		(3,925)		(1,820)		(3,972)
Cash paid in acquisitions of noncontrolling interests		(486)		-		-
Repayments of debt		(38,146)
Dividends paid		(1,553)		(1,392)		(1,233)
Other financing activities		513		301		9
Net change in cash from financing activities		(43,597)		(2,911)		(5,196)
Net change in cash and cash equivalents		3,155		123		328
Cash and cash equivalents, beginning of year		512		389		61
Cash and cash equivalents, end of year	$	3,667	$	512	$	389